Finacle wealth management solution is a modular, fully scalable, integrated core banking and investment management system designed for the specific needs of retail and private banks. It offers a unique combination of an extensive portfolio of functions with impressive flexibility that enables end-to-end processing of investment products from diverse asset classes including structured deposits, structured notes, equities, mutual funds and insurance.

Financial institutions can leverage the solution’s rule-based definitions to launch new products - such as dual currency deposits, principal protected deposits, and range accrual deposits - with a distinct time-to-market advantage. Integrated with Finacle core banking and CRM solutions, the wealth management solution ensures unique customer definition, a single, unified view of the customer’s portfolio across asset classes and seamless flow of transactions. This helps banks capitalize on their customer base to create additional revenue streams, by offering HNWI and the mass affluent extended products and services.

Key Modules

• Structured Products
• Mutual Funds
• Equities
• Insurance

Business Benefits

Leverage the HNWI Opportunity
Finacle wealth management solution enables financial institutions to derive rich integrated insights about the HNWI client’s investment portfolio. Sophisticated analytics, relevant financial planning and asset allocation tools can be deployed, to leverage the opportunities presented by hot listed clients to explore prospects for cross-selling and fee-based personalized advice.

Ease of Enhancing Product Portfolio
The user-friendly solution provides never-before flexibility to tailor solutions and create new product flavors for emerging customer segments. It enables business users at the bank to add innovative functionalities and features to their offerings, without changing the source code of the application. The solution also interfaces seamlessly with satellite and specialized systems, easily supporting faster roll out of new products at the bank.

Higher Operational Efficiency
Finacle wealth management solution provides complete Straight Through Processing (STP) and is fortified with a powerful integration framework to interface with the bank’s core banking solution and external data sources. This plays a crucial role in minimizing operational delays and ensuring seamless transaction flows at the bank.

Every financial operation is processed identically. Execution either ensures a successful update of all related data or a complete rollback in case of a technical problem. Consistency and reliability are guaranteed. Fully integrated and component - based, the solution also ensures consistency of data.

Access rights are rigorously managed, every transaction request is checked and systematic records are maintained as audit trails, ensuring robust security. The solution allows users belonging to different legal entities to work on a single system and database. This directly results in significantly lower implementation costs and ease of centralized reporting for the bank.

Lower TCO
The solution allows users, belonging to different legal entities, to work on a single system and database. This directly results in significantly lower implementation costs and ease of centralized reporting for the bank.