London, England, 6th August 2003 – FINANTIX, the financial software vendor specialised in component-based, process-oriented and multi-channel solutions specific to Retail, Private and Corporate banking, is pleased to announce that Standard Chartered Grindlays (Offshore) Limited has selected FINANTIX Components and OneWealth™ suite, as the new platform that will support the new bank’s multi-channel strategy and the entire range of Bank’s client relationship and wealth management activities.
OneWealth™ will help the Jersey based bank and potentially all other offshore centres to streamline
all client facing business processes from campaign management to opportunities generation, from account
aggregation with a holistic single client view to client and management reporting, from needs assessment
to full financial planning and investment proposal, from banking services to investment transactions and
operations. Once fully deployed the solution will allow Relationship Managers at the bank to fully
concentrate all the value of their professional expertise to deepen relationships with profitable clients,
servicing a higher number of customers whilst still keeping costs under strict control. All client and
wealth management services will be fully orchestrated across all bank’s business channels, such as
Internet and Call Centre and integrated with the newly selected Temenos Globus™ backend.
FINANTIX OneWealth™ was selected due to the richness of its financial components, the client-focused
and process-driven orientation, the sales and advice-directed approach and the multi-channel architecture.
These elements efficiently help the Financial Institution to properly understand and profile their clients,
identify needs and goals, manage correctly selling and cross-selling opportunities, provide personalized proposals ,
allow access to portfolio analysis, accounts and transaction through the Internet, so strengthening relationships
with customers. The state-of-the-art technology of FINANTIX Components based on J2EE standards and Model Driven
Architectures, in addition to the capability to integrate smoothly with multiple backend systems and other third-party
application via Soap and Web Services represented to the bank a guarantee of easy scalability, openness to further
evolution, significant costs reduction and strong components reusability and reassembly capability all over actual
and future bank’s business and technical channels.
The highly-prized accolades of reputable market analysts (amongst them Celent Communications, Datamonitor,
Forrester and Cap Gemini Ernst and Young) for Finantix OneWealth™ as one of the best platform for client
and wealth management having an end-to-end functional coverage and a client holistic approach enforced
SCG’s final decision.
“We are proud to include Standard Chartered Grindlays amongst our eminent clients.” declares Finantix
CEO R. Emmerich “Aiming at creating a sound orchestration of all corporate resources to offer their
clients a truly personalised and integrated banking and investment services by using the high-touch
approach their customers deserve, SGC looked for a proven, flexible and scalable solution able to respond
quickly and effectively to bank requirements and business strategy” explains further Mr. Emmerich
“Finantix OneWealth™ was the best candidate to meet the SCG’s ambitious goals.”
About Standard Chartered Grindlays (Offshore) Limited
Standard Chartered Grindlays (Offshore) Limited (SCG) has been based in Jersey since 1977 and is an
offshore subsidiary of Standard Chartered Bank, the largest company in the Standard Chartered Group.
SCG today is the result of the merger of Standard Chartered Bank’s Offshore banking operations in the
channel islands and the private banking services of Grindlays Private Bank.
The Group’s headquarters are in London overseeing operations in over 600 offices spread through
more than 50 countries worldwide.
Standard Chartered Grindlays (Offshore) Limited
Aim:
To become the leading provider of offshore products and services to the Group’s international, high net worth clients.
Commitment: To excel in client service, to deliver consistently superior performance and to build shareholder value.
.
Environment:
The Island is politically stable and enjoys a special relationship with the European Community that
ensures its continued status as an independent center of finance and taxation.
Services:
SCG offers a comprehensive range of offshore banking services that are available to overseas investors
in over 167 countries. Clients must invest assets in excess of USD100,000.
Products Include: International Access accounts; International Debit card; Online Banking Service; Fixed Term accounts;
Foreign Exchange; Credit, Execution only Equity and Fixed Income transactions, and access to a range of investment and treasury products.
About
Finantix
Finantix offers component-based software solutions that help financial institutions better
service clients and increase sales. With more than 42 active clients all over the world and
offices in Helsinki, London, Milan, Munich, Singapore and Venice, Finantix offers an unparalleled
array of modular, process-oriented, client-centric, sales-driven financial components for retail
and corporate financial services including: retail advice and financial planning; branch innovation;
lending and mortgage origination; financial relationship management; wealth management and private
banking; bancassurance; mutual funds and unit trusts supermarkets; brokerage and internet banking;
SME and corporate banking advisory services. All functionality is available over multiple channels
adopting cutting-edge J2EE standards and a Model Driven Architecture.
FINANTIX Components are designed with a coherent and consistent approach that leverages a modern,
enterprise-wide data model. They adopt a flexible process and workflow management architecture with
a specific attention to reusability and process assembly and customization capability across multiple
business channels. All business services, based on a native object-oriented Model Driven Architecture,
are available as SOAP services and can integrate smoothly with multiple Enterprise Information Sources
such as core banking systems, asset management and insurance applications, data warehouses and other
specific applications. The system allows a full reuse of business logic across multiple business channels
such as branches, investment services, call centres, external agents, intermediaries, and the Internet
with total support of technical channels and devices such as browser, PDA and wireless devices, ATM, IVR,
etc.
For further information please contact:
Finantix
E-mail:
sales@finantix.com |
