Bison Bank provides wealth management, asset management and investment banking services. The bank established itself in the Portugese market after the acquisition of Banif - Banco de Investimento (BBI) by Bison Capital Financial Holdings Limited (Bison Financial), a company owned by Bison Capital Holding Company Limited (Bison), based in Hong Kong and with a strong presence in China, Europe and Africa.
Bison holds assets that allow the bank to leverage a solid and distinct network of information, enabling its clients to benefit from a myriad of investment opportunities in several countries. Thus, the bank will act as a financial bridge between Asia, Europe and Portuguese-speaking countries.
Bison Bank plans to have around 60% of its business based in the Asian market by 2022. To that end, it has a branch in Hong Kong and shareholding experience in the Asian market, namely in wealth management and investment banking.
Bison Bank plans to build a portfolio with 60% of its business based in Asia by 2022. Currently, the bank’s dealings are almost exclusively based in Portugal and that’s the reason why the main goal is “to build a bridge with Asia, importantly, as we have a sole shareholder based in Hong Kong”, says the executive director, António Henriques.
It would be unthinkable to establish a bank in Portugal with the ambition of having 60% of its business based in Asia without a proper digital strategy”.
Bison Bank's Executive Director
Technology is changing the way financial services are known and used. Digital innovation is a great opportunity with implications for the existing technological infrastructure, by resorting to cloud-based solutions, as well as agile platforms capable of streamlining digital transformation and business.
Digital transformation implies changes at many levels and when Bison Bank started to design its infrastructure, whilst analysing the existing proposals on the market, it realised that the classic solutions were not sufficient to meet the needs or the agility that the business requires.
Bison Bank, whilst migrating to a hybrid cloud and renewing its disaster recovery system, benefited from a wide range of new technologies, aimed at increasing the performance and security of its systems and communications, as well as improving its integrated management, via its automation and monitoring capacity. In addition to the technology, the operational and management models were equally relevant, which gave Claranet the opportunity to demonstrate its value in these fields.
Undoubtedly, the infrastructure upgrading and greater agility are fostering a more rapid transformation of the organization, and allowing for the optimization of business processes, by taking advantage of the new technologies that make them more efficient and controllable. Bison Bank gained agility, scalability and mobility; and increased security and resilience. It also reduced operating risks and costs.
After a careful market analysis, Bison Bank turned to a partner with proven expertise in responding to a company’s needs and building the technological structure that supports its business. Claranet was the chosen partner.
“We are a wealth management and investment bank. Our ambition is not to be a retail bank with all the digital components associated therewith. Our advantage is that we are now beginning our digital path, allowing us to rapidly match the pace of other banks. We launched our first app at the end of the year, and we will soon have some surprises.”
Therefore, Bison Bank centered efforts on developing a hybrid cloud, because it provides the required level of agility and scalability for the rapid introduction of technological solutions. It also allows for the fast updating of the corresponding information and system recovery solutions, in case of unavailability or loss of the main systems.
A bank's ability to recover from a disaster must be beyond doubt and is absolutely vital to support business functions”.
Bison Bank's Executive Director