TCS BaNCS for Wealth Management

TCS BaNCS offers a comprehensive Wealth Management Solution hosted on AWS cloud in a SaaS model to our Clients. The SaaS model includes :

• Cloud Infrastructure set up including security
  
• Software License
  
• Implementation
  
• Cloud Operations Managed Services
  
• Compliance (Optional Component)

Keeping in line with our clients requirements enabled by AWS, we offer open, restful APIs through which data is exchanged between the clients internal and external technology ecosystem and TCS BaNCS Wealth Management solution.

The functional offering of TCS BaNCS Wealth Management is an omni-channel solution addressing the requirements of various personas (Advisor, Chief Investment Officers, Relationship Manager of a firm as well as the end-customer) across various devices (Mobile, Tablet, and Web), providing a comprehensive range of functions:

1. Enhanced Advisory Management: The solution facilitates onboarding of Advisors, both internal and external advisory firms, keeping in mind existing firm-wide hierarchies. The solution empowers the advisor with a 360-degree view of their clients’ portfolios (including Held Away assets), Pipeline business, Commission payments and other Portfolio Performance Measurement tools.
   
2. Prospect/Client onboarding: Rapid client on-boarding by advisor/RM or customer self-service
   
3. Risk Profiling: To comprehensively profile customer investment behavior under various simulated scenarios to arrive at an objective risk score for each end investor.
4. Wealth Profiling: The solution uses a series of configurable qualitative and quantitative questionnaires to help wealth managers better understand customer requirements and expectations. Advisors can record information about clients and prospects, including information related to held-away assets and liability figures, to provide a comprehensive view of net worth and conduct needs analysis. Investment preferences and constraints can also be recorded.
   
5. Investment/Goal Planning: The solution records and projects financial needs and available resources to meet investment objectives. It can simulate multiple scenarios and by factoring in a customers investment capability and risk profile offer the most appropriate investment strategy including a target Strategic Asset Allocation model and corresponding model portfolios. An in-built rules engine monitors and reports progress made towards these goals. Users can construct custom portfolios factoring in risks and other customer constraints.
   
6. Model Portfolio creation and Maintenance: The capability to create and maintain Model Portfolios for individual risk appetites in each customer segment. The solution supports both Top-down and Bottom up Model Portfolio construction.
   
7. Trade Order Management: The Solution provides robust trade order capture and Trade Order Management capabilities for both single and bulk orders
   
8. Transaction Management: Support for a range of transactions including Subscription and Redemption, Money-in and Money-out, Asset Transfers, Asset Switches, contract closure, others.
   
9. Portfolio Performance Management: TCS BaNCS provides Daily Time-Weighted Return (DTWR) as well as Money Weighted and XIRR models for portfolio performance computation. Organizations can choose the approach most aligned with their requirements, measuring performance across the holding, account, goal or client level, based on asset or sub asset classes. The solution provides comparisons against standard market, spliced, and custom benchmark, too.
   
10. Portfolio Analytics: Multi- dimensional dispersal analysis of client portfolios, helping advisors understand how they've added value to client portfolio and empowering them to provide meaningful allocation advice to clients. It offers portfolio efficiency analytics, risk analysis, the computation of VaR, asset look through, concentration, sector/geo/risk exposure, and asset-class specific analysis such as credit quality exposure and interest rates, which are preferred by the new generation of investors. Advisors can compare client portfolios to target asset allocation and drill down to asset class and individual asset performance levels. Asset allocations and portfolio performance can be visualized and exported to multiple formats
    
11. Rebalancing: Both at the Portfolio level and the Model level. This component provides automated and ad-hoc re-balancing features that include standard, cash-in and cash-out options, with reporting functions. These tools can help managers re- assess their investment strategies in line with market behavior and trigger rebalancing in case of deviations that breach threshold limits (positive or negative). The solution also supports tax optimized rebalancing by selecting the right location for traded assets