The Wealth Management Platform That Keeps You
Staying Ahead Of Pack
AXISOFT WEALTH MANAGEMENT SOLUTION SUITE
Being the Most Innovative Solution in Asian Private Banker Technology Awards, COMPASS epitomizes multiple years of knowledge in the Private Banking and Wealth Management. It is a feature rich solution suite with clear solution roadmap, engineered with configurable built-in financial data dictionary and rule engine.
It is a regulatory requirement for banks to advise their clients the investment risk they are taking. The module takes on the head-wind challenge in the pre-trade and post-trade, with no single hardcoded suitability rules in consideration of the dynamic and evolving nature of regulatory demands.
This is our answer to the regulatory demands requiring banks to exercise due diligence on clients (KYC), both on the initial and continuous basis. On-boarding is an intelligent workflow application in verifying and monitoring the background of clients, and identifies non-compliance areas through configurable risk criteria.
The module guides the account opening processes as specified by the institution for various type of accounts by rule based workflow to ensure compliance with documentation requirements defined by the institution. The module enables a flawless account opening process secured with auditable artifacts.
REPORTING AND ANALYTICS
The module rides on a number of versatile reports and enquiry dashboards. With astutely combining the Model Financial Data Dictionary and latest technology in Big Data, the module delivers the most important value to regulators, clients and executives in Private Banking and Wealth Management – operation, business and investment insights.
CLIENT RELATIONSHIP MANAGEMENT
In addition to Operational CRM features, such as call reports, the module also maintains client investment profile, and generates investment advisory. It provides standard technical hooks to integrate with CIF, and retrieve current positions and order statuses from various backoffice systems. In essence, it serves to provide a 360-degree view of a client.
Collateral Credit (Lombard Credit) has become an indispensable offering of a modern Private Banking operation where credit facilities are collateralized with investments and assets held in custody by banks. The module derives the exposure of credit such that any market induced credit risk can be properly managed.
LIFE CYCLE MANAGEMENT
Structured product offering in Private Banking and Wealth Management arena is getting increasingly complicated. The module operates by methodologically breaking down a bundled structure so that it can monitor possible trade events throughout the duration of the trade until maturity.
The module kicks in to support Straight-Through-Processing (STP). It performs a final round of validation before routing the trade orders of various investment asset classes to appropriate exchanges or destination trading platforms via common protocols. It then continuously signals up-to-date order statuses.