BILNet Wealth Services is based on Temenos’s Triple’A Plus platform and is claimed to equip IFAs with better portfolio monitoring and risk management capabilities.
Temenos claims that BILNet Wealth Services will open a set of functionality to external portfolio managers, investment advisors and family offices to help improve their portfolio management, advisory capabilities and overall performance.
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The service will also enable banks to strengthen its position with IFAs, who are increasingly being used as intermediaries, in order to capture a larger share of this rapidly expanding business channel.
Temenos added that the IFAs using BILNet Wealth Services will be able to avail portfolio and position analytics giving them global monitoring across their entire book.
Commenting on the launch of new offering, Eric Vandemoortele, head of IFA services at BIL, said, "The independent advisory market is developing markedly throughout Europe. With BILNet Wealth Services we have implemented a dedicated tool for IFAs, providing them with fast access and efficient tools so they can attract new customers and create more business opportunities to increase their share of wallet."
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