Bangalore, Aug 7: global software major Infosys Ltd. Wednesday unveiled a new asset management solution that would allow banks to expand their retail service to high net worth individuals and affluent customers.
"Our latest version of Finacle (software product) allows banks to quickly enter financial planning and investment products to high net worth individuals and affluent customers, the IT bellwether said in a statement.
According to a recent study by global research firm ovum high net worth individuals and mass affluent customers are among the fastest-growing segments for banks and businesses from these segments is forecast to 7.5 percent by the year 2016.
"As a unified platform, the solution enables banks to customize and manufacture products to meet the changing needs of its customers and retail investments," Infosys Finacle head m. Haragopal said in a statement.
The decision also has tools to profile the purpose of the analysis and planning of risk portfolio. He authorizes the Bank consultants provide personalized service to its customers high profile.
"Banks can no longer ignore the growth of potential profitable segments as high net worth individuals and affluent customers offer nor can they meet the needs of this segment without delivering a unique, customized experience," said Gopal.
Advanced wealth management solution will also enable banks to offer personalised advisory service, providing necessary to compete in the lucrative market of differentiation.
Fixed income, derivatives, IPOs (initial public offerings) and alternative investment modules were incorporated into decision enabling banks offer a selection of multi-currency and multi-asset class products for their highly valued clients.
"We predict that the costs of the global wealth management industry will reach about $ 35 billion a year by 2016, works on a large investment in digital channels," ovum in financial services technology analyst Yaroslav Knapic said in a statement.
0 comments:
Post a Comment