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Infosys<br />
Finacle Wealth Management Solution<br />
Key Statistics<br />
Founded: 1981<br />
Company Type: Public<br />
Headquarters: Bangalore, India<br />
FY 2014 Revenue: $9.2 Billion USD<br />
Company Overview<br />
Infosys provides technology, outsourcing, and nextgeneration<br />
services. EdgeVerve Systems, a wholly<br />
owned subsidiary of Infosys, develops software<br />
products for banking, distributive trade, credit<br />
servicing, customer service, and enterprise buying.<br />
Finacle, the universal banking solution from<br />
EdgeVerve Systems, addresses the core banking,<br />
online banking, mobile banking, customer relationship<br />
management (CRM), payments, treasury, origination,<br />
liquidity management, Islamic banking, wealth<br />
management, and analytics needs of financial<br />
institutions worldwide.<br />
Product Overview<br />
Finacle Wealth Management Front Office is designed<br />
for advisors to deliver a range of services effectively<br />
to their clientele. The breadth of functionality ranges<br />
from prospect and relationship account management,<br />
basic and detailed risk profiling, goal planning using<br />
simulator tools, portfolio management, rebalancing,<br />
and customer advices and statements. The solution<br />
has an advisor dashboard with configurable widgets<br />
to-do lists, tasks, alerts, and notifications, to view the<br />
top customers and also drill down on the 360-degree<br />
view.<br />
Recent Updates<br />
As of August 2015, Finacle, along with its intellectual<br />
property, talent pool and assets has moved to<br />
EdgeVerve Systems Limited. EdgeVerve was<br />
established in 2014 to develop differentiated<br />
products, and offer them on premise or as cloudhosted<br />
business platforms.<br />
CEB View<br />
Offered as both a standalone solution and a tightly<br />
integrated component of the universal banking<br />
platform, the Finacle Wealth Management Front<br />
Office tool is a widgetized solution that allows<br />
advisors to display and drill as deeply into data as<br />
they choose. The Android-based mobile app<br />
enables advisors to run risk profiles, view rates of<br />
return, and collaborate with clients on the go.<br />
Customer Success Story<br />
A large bank in Asia manages the financial and<br />
investment needs of high-net-worth clients and<br />
emerging affluent clients. The group needed an<br />
in-depth understanding of its clients'<br />
investment needs, objectives, and risk<br />
tolerance. The bank utilized a legacy system<br />
that had no holistic view of client investments,<br />
no dashboards for the advisors, no autoreconciliation<br />
capabilities, and no end-to-end<br />
processing for investment products.<br />
Implementing the Finacle Wealth Management<br />
Solution, a front-to-back office modular<br />
solution, provided comprehensive coverage,<br />
scalability and seamless integration. The frontoffice<br />
suite covered prospect and relationship<br />
account management, end-to-end goal based<br />
and non-goal based financial planning, risk<br />
profiling, advisor dashboard, portfolio<br />
management, consolidated 360-degree report<br />
generation, etc. The bank now has a holistic<br />
view of the customers' assets and liabilities<br />
with a drill down into customers’ portfolio<br />
details. Over the past year, the group has been<br />
able to increase its clients by 11%.<br />
Clients by Geographic Location<br />
Clients by Service Model<br />
100%<br />
Source: Infosys.<br />
0% 0%<br />
Installed ASP/Hosted SaaS<br />
© <strong>2016</strong> CEB. All rights reserved. 22<br />
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