Solutions
Key Challenges in Core Banking Replacement
In an increasingly competitive environment banks are taking a reality check on their technology environment to ensure that their IT strategy is aligned to their business objectives.Download
The Next Wave Of Internet Banking
To meet the challenge of creating an effective online banking service offering that meets the requirements of a sophisticated customer and is also secure.Download
Banking on Faith: Islamic Banking in the Middle East
Islamic banks are on the threshold of a historic opportunity. The emergence of clear standards and a common framework is the need of the hour.Download
Gold Rush: The Shift Towards Wealth Management in Banking
The emergence of the “private banking” & “wealth management” segments in banking, which took seed in the late 90s, has since attained huge proportions.Download
The FX Marketplace: Trends, Opportunities and Challenges
The foreign exchange marketplace is in a state of flux. The rules of the game are being re-written by the advent of new players and different ways of transacting FX thanks to technology advances.Download
Wealth Management
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, bonds, 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, range accrual deposits, mutual funds and insurance products- 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 ProductsThe structured products module provides an extensive and parameterized product setup to define both indigenous and third party offerings.
- Product definition
- Transaction processing
- Fixing
- Payouts
- Fees
The mutual funds module provides an extensive and parameterized product setup to define different types of mutual funds.
- Fund definition
- Transaction rules
- Transaction processing
- Batches
- Systematic plans
- Fee and commissions
- Corporate actions
The insurance module provides an extensive and parameterized product setup to define different types of insurance products.
- Product definition
- Transaction processing
- Fee and commission
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
The solution provides full 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 guarantees
consistency of data.
Access rights are rigorously managed, every transaction request checked and systematic
records maintained as audit trails, ensuring robust security.
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.
Solutions
Core Banking
Success Story
Exploiting Technology to Streamline Asset Management
Finacle treasury solution proved the best-fit resolution to manage bonds, notes issue, interest rate swaps, spread tickets, cash tickets, futures, FX, cross currency swaps and repos for ECM.
Enhancing Productivity
Finacle offers comprehensive and integrated front-to-back office treasury functionality at Credit Suisse, where it supports over 800 users globally, across various functional areas such as foreign exchange, money markets , derivatives and securities.
