Challenge
Today’s customers are demanding more transparency and a wider array of products while managing their wealth. Wealth managers and wealth management firms, will also have to tackle challenges related to pricing and keep an eye on costs. Plus, complying with regulations can get in the way of profitability. A wealth management solution can help beat these challenges and gain a competitive advantage.

Solution
TCS BaNCS for Wealth Management is designed to radically simplify and improve the performance of advisory tools. It has been architected to meet global strategic wealth management processes and underlying customer-specific requirements. A 360-degree end-to-end solution covers the wealth management value chain from client on-boarding to portfolio management.

The solution facilitates enterprise and end user needs, and the product is constantly updated keeping in mind latest industry regulations and trends. Its modular architecture makes deployment faster, while providing:

• Integrated operations with enhanced visibility#
• Mobility
• User-friendly self-service options
• Record of historical performance

Benefits

• Enhanced advisory management
• Eloquent wealth profiling and financial planning
• Sophisticated portfolio performance management
• Rich portfolio analytics
• Portfolio re-balancing