With the newly resolved IT strategy, VP Bank is aiming to further advance its digital transformation into a wealth management service provider, the bank writes in a press release. The measures defined in the strategy will ensure that greater importance is attached to efficient IT processes at the bank, with both IT infrastructure and processes accordingly set to be made more professional moving forwards.
VP Bank intends to work with an external technology company to implement its new IT strategy. The aim of this partnership will be to “establish flexible and powerful IT processes as well as lean and agile organizational structures”. It will be decided at a later date who will ultimately assume responsibility for the role of strategic sourcing partner.
“Through the repositioning of IT, the company is to increase its effectiveness and efficiency, develop new capabilities and bring its IT infrastructure in line with the challenges of the future”, comments Thomas R. Meier, Chairman of the Board of Directors of VP Bank Group, in the press release. He adds: “The strategic partnership will enable VP Bank to efficiently develop and quickly implement digital innovations, new services and investment solutions in future”. According to Paul Arni, CEO of VP Bank Group, modern technologies will above all come to the fore in relation to the bank’s repositioning of its IT structure. “Digital innovations such as cloud services and platform technology offer many opportunities for us to compete in a market that is extremely demanding and dynamic”, Arni concludes.