FINANCIAL ADVISORY SERVICES
The ObjectWay Financial Suite platform can optimize MiFID compliant retail banking advisory services. Support for advisory services is provided by three different solutions: ObjectWay Personal Financial Planning, ObjectWay Portfolio, ObjectWay MiFID Suitability & Appropriateness.
Even though the three solutions are closely interrelated through the sharing of common data and functions, they can each be used on a stand-alone basis.
ObjectWay Personal Financial Planning consists of MiFID compliant advisory support tools for financial institutions and their clients.
The solution is intended for multichannel advisory services, measurement of the effect of proposed transactions on the riskiness of portfolios, financial planning "by objectives" based on asset allocation.
ObjectWay Personal Financial Planning fulfills a multi-faceted role in support of advisory processes, in particular:
An integral component of the ObjectWay Financial Suite that provides financial institutions with full navigation services, thorough analysis and reporting of the risks and returns of client portfolios.
The solution comprises the following modules:
ObjectWay Portfolio provides up to date information to advisors (portfolio managers, tied agents, bank consultants, private bankers and relationship managers) and their managers on:
The solution’s prime advantages are its ease of use, the wealth of information supplied, the ability to adapt analyses and customize report formats. The benefit for the end-customer is the ability to obtain extensive information tailored to the client’s investment portfolio.
A tool used by financial institutions to input and manage clients’ MiFID data and assure the suitability and appropriateness of transactions that have been requested or recommended.
ObjectWay MiFID Suitability and Appropriateness meets the needs of financial institutions because it permits:
This module serves as the basis for:
WHO & WHAT
UBI Banca Group operates through nine regional banks and approximately 2,000 branches. It selected the ObjectWay Financial Suite - Financial Planning, Portfolio, MiFID Adequacy and Appropriateness - to support the provision of MiFID compliant advisory services by the group's 2,000 branches. UBI Banca will introduce ObjectWay in November 2009 to improve the quality of financial advice that is personalized and targeted to the needs of different customer segments (retail, “affluent”, “top affluent”) in compliance with regulatory requirements.
ING Direct, which is owned by the Dutch financial giant ING, is the largest online bank in the world and has over 1 million customers in Italy. The Italian branch chose ObjectWay Order Management for the management of "Investimenti Arancio" due to the ease and efficient manner in which it can manage the sales of funds and SICAV through its distribution channels: call centres, interactive voice response and the internet.
BANCA SELLA GROUP
The Banca Sella Group consists of a bank holding company, four retail banks, and a private bank all of which are served by a centralized back office. It selected the entire ObjectWay SMIT2 product line to support securities operations in 330 branches, online retail clients and the customers of SellaXtrading. The Securities Middle & Back Office, Portfolio Administrator and Portfolio Manager solutions are now integral parts of the Group’s information system that is built on service-oriented architecture, and supports order input, transmission and execution, proprietary trading, wealth management and securities custody services.
The Group also selected ObjectWay Portfolio for client portfolio management assigned to its private bankers and network of financial advisors.