India’s IT services firm Infosys has launched the latest version of its Finacle wealth management solution.
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According to Infosys, the new offering from Finacle allows banks to introduce new products and services, such as financial planning and investment products, along with traditional retail banking services. This will help banks strengthen their offering portfolio for high-net-worth individuals (HNWIs) and mass affluent customers.
The latest version of Finacle wealth management solution offers single platform for all wealth management customers, financial planning and portfolio management, additional asset classes, new fee module and advisor dashboard.
Haragopal M, global head of Finacle at Infosys, said: "Banks can no longer ignore the growth potential that highly profitable segments like HNWIs and mass affluent customers offer, nor can they meet the needs of this segment without delivering a unique, customized experience.
"The enhanced Finacle wealth management solution will enable banks to offer personalized advisory service, providing the differentiation necessary to compete in this lucrative market," Haragopal added.
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