ITN_037_Guide_01_janvier 09_BD.pdf - ITnation

Time-to-market and Agility
Leveraging existing
strengths
In an ever-changing economic environment companies need
to be endowed with the best tools and methodologies to allow
the fastest time-to-market and software flexibility.
The wealth management process is moving at a rapid pace to
incorporate new products, processes, regulatory requirements and
to address ever-changing customer demands. Service providers need
to be able to respond quickly to business changes whilst leveraging
application infrastructure to address new business requirements.
While infrastructure is seen as a commodity
and therefore not the core
business of a wealth management
firm, it is vital for banks to adapt their
service delivery and technology to
cater effectively to client needs in their
target growth markets. This includes
achieving error-free transaction
processing via an agile wealth management
platform to ensure a shorter
time to market. However, outdated or
fragmented core systems often create
obstacles for the front-office to
manage customers effectively and
maximize revenues.
To meet the challenges of a more
demanding customer, stricter regulations,
increased globalization,
and stronger cost pres sures, banks
need sound, future-proof information
technology that gives the agility
to address arising market conditions
and business requirements. For institutions
of all sizes, this technology
is the strategic weapon for surviving
and growing in a fast-paced industry.
For leading banks, the answer
lies in standard, scalable solutions
built on the principles of service-oriented
architecture (SOA).This use of
cutting-edge technology can assist
banks in maximize their competitive
advantage, comply with the latest
regulations, minimize costs, and
increase customer satisfaction.
Deployed on the SAP NetWeaver
tech nology platform, Thaler Wealth
Management adopts an enterprise
service-oriented architecture (enterprise
SOA). Integrated with the Thaler
Core Banking solution, Thaler Wealth
Management is a front-to-back office
core banking solution from Callataÿ
& Wouters which includes pre-configured
modules to enable a fast,
low-risk implementation. Designed
with open architecture, the platform
offers the ability to integrate with
third party solutions, adding a broad
range of features and functionalities.
Completely pre-configured and easy
to implement, this powerful solution
can support a wide range of client
prefer ences and investment choices.
Due to the embedded SAP analytical
capabilities in Thaler, banks and
wealth managers benefit from the
advantages of a robust and agile
solution, backed up by the lean
analytical backbone of SAP. Sophisticated
analytics can be deployed, to
leverage the opportunities presented
by targeted clients to explore prospects
for cross-selling and fee-based
personalized advice.
Banks who comprehensively understand
their clients will be able to
leverage existing strengths to transform
and adapt their service delivery
and technology to cater effectively
to client needs in their target growth
markets. Technology is, without
doubt, an important enabler in delivering
efficient actionable advice for
Wealth Managers, but it is only a supporting
tool in the client-to-advisor
relationship, which plays a key role in
managing the bank’s customers.
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