Eurobank EFG Private Bank Luxembourg, a member of the Geneva-based EFG Group, has selected Triple’A Plus from Odyssey Financial Technologies as its private banking platform.

The new platform will be used for all client-facing and portfolio management processes and will be installed on top of the bank’s Globus back-office system with Odyssey's T-24 interface being used to connect the two systems.

Increased automation of the investment process will allow the bank’s staff to focus on exception management, value-added client services and research, rather than routine activities and administrative procedures, Odyssey said in a statement. The new platform will be used by portfolio managers, relationship managers, middle-office staff, management and eventually clients themselves via the Triple’A Plus web user interface and client portal module.

One of the reasons cited by EFG Luxembourg for its selection of Triple’A Plus was the platform’s quick install implementation capability, as the bank said it required a very fast “time to market” to support its growth plans.

Last month Odyssey announced that Russian investment management company Third Rome had gone live with Triple’A Plus after a three-month implementation period.

First Wealth Management, the private client arm of Norwegian investment bank First Securities, SG Private Banking France, UniCredit Private Bank Italy, Bank Austria and HypoVereinsbank Luxembourg have also all implemented Triple’A Plus this year.