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Norwegian DnB NOR Private Banking, has chosen ALOC client Wealth- and Asset Management solution PORTMAN^® to support expansion strategy

ALOC, a Nordic provider of financial software is proud to announce that DnB NOR Private Banking has selected the PORTMAN suite of applications for its operation within their Private Banking advisory relations.

DnB NOR Private Banking will be installing PORTMAN across its operation, utilizing many PORTMAN capacities, in an integrated straight through processing model.

PORTMAN with its COCKPIT web advisory platform is a complete suite of Private Banking, Asset Management and Treasury Management applications, supporting a variety of banks and financial institutions. This multi asset class solution is designed to support both sophisticated asset and liability portfolio reporting and comprehensive client relationship management. 

DnB NOR Private Banking has chosen PORTMAN based on the comprehensive nature of its business support, as well as ALOC’s proven know-how within key areas of DNB NOR’s business. 

Managing Director of DnB NOR Private Banking, Frode Ekeli says, “We chose ALOC and PORTMAN for their abilities to support our unique needs and complex business setup. Facing the challenge ahead to serve increasing demands from our HNWI customers we needed a full fledge multi asset class system that is also able to support our rapid growing businesses in Private Banking in Norway and abroad. PORTMAN provides us with just that”.

While the PORTMAN solution, within its operation of financial advisory and wealth management supports DnB NOR Private Banking nationwide in Norway, it is also selected to later provide full business support for the international business operations.

DnB NOR Private Banking, is owned by DnB NOR ASA, the largest financial services group in Norway with total combined assets of NOK 1.600 billion. The Group consists of strong brands such as DnB NOR, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson. DnB NOR is also the most international banking group of Norway, world wide known for its involvement in shipping and operations across all Nordic countries, Poland, Baltic countries, Luxemburg and north-west Russia.

ALOC AS is a sound provider of specialized financial applications, with more than 23 years in the business. ALOC has fully operational offices in Denmark and Norway, enabling them to support clients with a valuable local presence. ALOC has an international focus and a global perspective on its product development, with the aim to provide World Class Financial Overview.

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For further information please contact Business Manager - Norway, Inge Grini, tel.: +47 2333 5102.