Orc Tbricks Carnegie Case Study
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
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Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
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Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
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The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
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To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
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The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
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Carnegie system replacement
Carnegie has replaced a 15-year-old pricing and market making solution with Orc Tbricks. This case study is based on an interview with Sandro Samuelsson, Head of Business Development at Carnegie Securities, describes why and how they did it and results so far.
For almost a century, Carnegie has been one of the leading financial advisors and asset managers in the Nordic region. Carnegie gathers a complete range of expertise, featuring experts in the raising of capital, corporate research and stock brokerage, working side-by-side with specialists in private banking, structured bonds and fund management.
Ever since the financial crisis, cost pressure has been severe. At the same time, product development is a necessity to stay competitive. Carnegie did not have the budget to increase expenses but needed modern technology and it was difficult to implement the required changes on the existing platform.
With Orc Tbricks, Carnegie reduced costs in terms of total cost of ownership and at the same time they took a huge leap into the future by replacing their old platform. Support was also vastly improved with instant feedback and help.
Carnegie began by identifying their current workflow in the legacy system while Orc Tbricks installed the system on-site. Carnegie worked with Orc Tbricks staff to replicate all critical functionality within the new application. The next step was to learn the new functionality and get comfortable using it. Throughout the process, Orc Tbricks staff were on-site working side-by-side with Carnegie.
"We made it from start to finish, without any major problems, in just seven weeks while the users kept their 'regular day jobs' says Sandro. "This required serious dedication and commitment from Orc Tbricks as well as from our users."
Market conditions have changed significantly since the financial crisis and the pace of technical innovation is high. Product development is an absolutely necessity to remain competitive and for that, modern and agile technology is a prerequisite . Orc Tbricks has allowed Carnegie to significantly speed up the pace of innovation while reducing costs.