Solution introduction
Fluid Cooperation in a Financial Services Firm
Objectway Suite is the growth platform for Banks, Wealth Managers, Asset Managers and their investors. It seamlessly integrates all front to back office operations into one, unified, ever-evolving platform, available on Cloud and accessible as a service.
As part of Objectway Wealth Suite, SMIT is a multi-currency, multi-entity securities back office solution that assures the fluid cooperation of all actors in a financial services firm. SMIT offers full control of cash and securities management, with an overview of account balances and expected movements. It automates post-negotiation activities such as marching, confirmation, financial settlement and connection to custody/depository providers. It furthermore operates with respect to corporate actions by means of automated workflow, clients’ fees, commissions and charges calculation, portfolio accounting, compliance, taxation and regulatory reporting.
Features
- Asset Services
Nominee & designated custody, workflow of corporate action and dividend events processing, certificate/paper lifecycle management, management of tax efficient products, tax reclaims, subscriptions
- Trade Processing
Trade capture from OMS platforms, trade enrichment, trade confirmations, transaction reporting
- Client Reporting & Compliance Reporting
Client Statements, Valuations, Tax Packs, Invoices, confirmations; generation of reports in the format required by local authorities, MiFID II; suitability
- Fees Commissions & Changes
Client fees, commissions and charges calculation; scheduling, exclusions and overrides, invoice production
- Cash & Securities Management
Full control of cash management and securities inventory, account balances and expected movements, client payments (SWIFT / ISO2022), client deposits and interest, FX
- Clearing & Settlement
Links to clearing service providers; monitoring of settlement status throughout the trade lifecycle; support of gross and net settlement, actual or contractual basis
- Securities & Income Taxation
What-If future liability analysis allows CGT implications in modelling and asset allocation processes; what-if future liability analysis, end of year client reporting packs
Benefits
- Maximise productivity because of automated, efficient administrative processes
- Reduce operational risk and guarantee regulatory compliance
- Optimise the resources needed to execute back-office operations
- Reduce transaction costs and stay competitive
Key Data
Implementation Methods
- Hosted (public cloud)
- Hosted (private cloud)
Type of Clients
- Asset Managers
- Bank Wealth Managers
- Digital Wealth Manager
- Financial Advisors
Client Regional Presence
- Africa
- Caribbean
- Eastern Europe
- Middle East
- North America
- South America
- Western Europe
- View Others View Less
Objectway Suite - SMIT
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