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Korea’s Kookmin Bank adopts Finantix OneWealth for its new private banking operation
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Venice, December 31, 2002
Finantix is delighted to announce that Kookmin Bank launched Gold&Wise, its new private banking operation.
Kookmin Bank adopted OneWealth, the Finantix multichannel wealth management solution, for their private banking business.
The first phase of OneWealth, an initial range of functionality for the early launch of Kookmin Bank’s private banking business, was implemented in less than four months, allowing the bank to reach its ambitious target. The second phase will be implemented by the end of March with full functionality to meet all Kookmin Bank’s business requirements.
"We are proud to be a partner of Kookmin Bank in introducing an innovative and high-quality private banking concept to Korea," said Ralf Emmerich, CEO of Finantix. "We feel that our wealth management components will be a key factor in the success of this initiative. OneWealth's rich functionality will help the bank implement a highly professional advisory process. And our flexible and scalable J2EE technology will allow expanding operations quickly in the coming months."
Finantix provided Kookmin Bank with a solution that enables one-to-one client management and comprehensive financial planning. The solution combines world-class best practices with full support of the Korean financial environment.
This success of implementation, along with the ramp-up of its Singapore-based operation, establishes Finantix as a key software vendor in the Asia Pacific wealth management and retail banking market.
About Kookmin Bank
Kookmin Bank is the largest bank in Korea created by a merger beetween old Kookmin Bank and Housing & Commercial Bank (HCB) in November last year. It has a strong network of 1,125 branches nationwide and is serving a customer base of 23 million clients. The bank aims at entering the league of the world’s top banks with a sharpened competitive edge
Ranked 17th in Asia and 68th in the world with $180 trillion in assets, Kookmin Bank is virtually positioned as a world class bank and is the only one listed on the New York Stock Exchange, a first in Korean banking history.
Kookmin Bank has branches in New York, Tokyo, Buenos Aires, Auckland, and subsidiaries in London, Hong Kong, Luxembourg.
About Finantix
Finantix develops software solutions that help financial institutions better service clients and increase sales.
Finantix specially supports retail banks and wealth management organizations with a proven suite of financial components designed to support client relationships and interactions, capture new clients and increase the loyalty of existing ones.
Finantix solutions provide both relationship managers and clients with comprehensive functionality including: aggregation of a single client view, financially-focused CRM, personal financial planning and asset allocation, automated product advice, online investment and portfolio management, applications for loans and insurance products and personalized delivery of financial information.
All functionality are process-oriented and client-centric, and coherently available across multiple channels. Finantix solutions are used by more than 35 clients world-wide.
All Finantix products are based on a state-of-the art implementation of J2EE standards and architectures: this ensures high flexibility, scalability and reusability and guarantees excellent returns on investment along with reduced total cost of ownership.
Finantix was founded in 1991 and currently employs about 100 experienced professionals. The company has offices in Helsinki, London, Los Angeles, Milan, Munich, Singapore and Venice.
For more information please email:
sales@finantix.com
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Copyright © Finantix 2001-2009 - All rights reserved |
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