iDEAL Wealth & Funds

iDEAL Wealth and Funds is a powerful and scalable wealth management & Investment Management multi-currency solution designed to manage Clients investments & to automate complete investment management operations of financial Institutions such as Insurance companies & Mutual Funds. It has a robust Customer Account creation process with built-in KYC checks & document maintenance.

The solution offers an end to end client-wise & portfolio-wise investment management and transaction processing system right from pre-deal analytics, order management, deal capture, position management, valuation, bank account management, reconciliation, accounting to NAV generation. The solution also has a powerful compliance management module for maintaining limits and exposures tracking for regulatory and internal compliance.

1.Strong Product Suite:

Credence analytics offers a strong product suite addressing requirements of a private bank covering all the areas of operations with support for all the core processes of investor advisory, end to end support including find accounting and optional modules for internet portals for customer self-servicing.

2.Comprehensive Solution with robust Front/Mid/Back Office module:

iDEAL Wealth and Funds is a complete end to end Investment Management solution with end to end Front/Mid/Back modules. Order Management work flow for all asset classes’ asset classes like equity, mutual fund and bonds along with internal and regulatory limit management.

3.Presence in the Domestic/International markets:

We have presence in Abu Dhabi, Bahrain, Oman, Sri Lanka, Philippines, Nigeria and Vietnam. We are well versed with the best practices of the business and the regulatory framework of these regions.

4.Panoramic Reporting:

Comprehensive reporting module handles all kind of customer reporting. Key Treasury/Investments reports include Treasury, Regulatory compliance, Deal Tickets, Cash flow Report, Valuation Report, and Holding Report (balances held across different investment products for all portfolios).

5.Strong Delivery & Support Mechanism:

Dedicated implementation & support team well versed with local practices for implementing solutions in India, South Asia, South East Asia, Middle East, Africa. Support team is capable of handling large scale operations.

6.Upgrades for Market & Regulatory Changes:

Being a financial solution expert, we closely monitor regulatory changes and are very quick in responding to them. We call for a joint meeting with all our clients who are interested to upgrade their system with the new modules and also collect their feedback in process.As a result the changes and developments in client’s process are sustained, the expenses of these developments are shared, we are in good position to understand these changes before hand, also offer upgrades at pace with these changes and maintain our client’s operational efficiency ahead of other vendor’s clients.We offer a single version across all our clients so if any bugs are identified in any system by us or users, they are immediately rectified across all clients.

Given below is a summary highlighting the key features of the proposed solution;

·Offers a user-friendly, web-enabled dashboard for Relationship Manager, Fund & Portfolio Manager, Operations with alerts, graphs and a facility to broadcast Events, Alerts & Notifications

·Provides an elaborated Customer Onboarding functionality which takes care of the Client / Account creation, Maintenance of all KYC & FATCA details, Activation / Deactivation of accounts etc.

·A Document management module to upload and maintain all the client documents along with validation of availability and validity of the document and quick retrieval

·Accomplish Risk Profiling through a configurable questionnaire /fact finder to help you determine the investment strategy that best suits your client based on the answers provided, the system helps you to select the ideal investment for your client

·Supports investments in various financial instruments in multiple geographies & currencies; works with Stocks, Bonds, Structured products, Real Estate, Derivatives, Call & Time Deposits, Private Equity etc. where the system lets you create asset types and securities as required

·A multicurrency System; Manages investments in various global securities denominated in various currency along settlement & accounting in the currency of choice with tracking of Currency gain loss

·Setup & Manage Model portfolios for a Risk profile and generate Buy / Sell recommendations, compare with Benchmarks to create comprehensive reports

·Provides decision support to Investment Managers with Projected cash positions, Portfolio performance & attribution, Limit utilization etc.

·Active validations and monitoring of breaches, exposure limits etc. for Regulatory Compliance, Internal Investment Guidelines & Customer mandates

·Automation of entire Middle & Back office transaction lifecycle; provides features like automated trade routing, trade processing & confirmation, settlement & reconciliation etc.

·Processes corporate action; from data cleansing and enrichment to portfolio election, entitlements and direct booking of transactions in portfolios; all through an automated and user-friendly corporate action processing feature

·Helps you to set up chart of accounts, thereby providing financial officers with all the data required to maintain control of your organization's finances and to generate various financial statements & regulatory reports

·Comes with a full set of standard statements and reports, and allows you customize your own reports through advance business analytics providing Self-service reporting, Dashboard creation & alerts & Notification

·Capability to integrate with various 3rd Party systems like Data feeds providers, General Ledger, Exchange / Broking Platform, Active Directory and SMS/Email gateway etc.