Due to the changes in the financial industry in the recent past, customers have become more cautious and are demanding additional transparency. Increasing customer (users of the wealth management services offered by firms) affluence has made wealth management a priority and is attracting newer players in the market.

Both existing and new firms are facing a number of challenges such as:

Further, the changing demographics in the High-Net-Worth (HNW) segment have resulted in changing investment preferences.

What wealth management firms need at present is a solution that enables them to align their business models and/or tune their offerings to overcome these market challenges and meet the evolving needs of their customers.

Wealth Management from TCS BαNCS: A personalized services platform

We, at TCS BaNCS, have architected our wealth management solution as part of the TCS BaNCS universal financial services platform to meet global wealth management processes and underlying customer-specific requirements. It is an end-to-end solution that covers the wealth management value chain from client on-boarding to portfolio management through core business modules such as CRM (Client Relationship Management), financial planning and portfolio management.

And further, it contributes to your customer’s unique value experience by providing you with the following benefits: