Asset Management and Wealth Management

Emerging from the aftermath of the financial crisis, the asset and wealth management industry faces challenges from demanding and risk averse investors, rising costs, market volatilities, and increasing regulatory scrutiny. Competing for market share in this tough environment is forcing industry players to re-define their operational strategy. They are increasingly focusing on enhancing customer experiences through an omni-channel platform, while leveraging data analytics for identifying cross-selling opportunities and improving client portfolios’ management.

What we offer

Hexaware offers innovative asset and wealth management solutions that enable enterprises to optimize their middle and back office systems and operations, by consolidating and re-architecting their infrastructure, and by leveraging hosted models. Our Enterprise Data Management services and output-based managed services model help businesses reduce costs, enhance data management, define digital utilities and implement and manage COTS products across their life cycle.

Here is a quick look at how we have helped some of our global customers:

  • Optimized middle and back office operations by leveraging our Enterprise Data Management services.
  • Digitally transformed a leading asset management firm’s operations through innovative ITO and BPS service offerings.
  • Leveraged data analytics and Big Data to re-architect solutions and optimize the trade life cycle for several clients.

In a digitally disrupted and hyper-competitive marketplace, banks and financial institutions (FIs) that adopt innovative, client-centric solutions to maximize operational efficiency and enhance customer experience will be the clear winners.

What we offer

Hexaware combines technology and domain expertise to provide end-to-end solutions perfectly aligned to our clients’ business context and requirements. Our integrated solutions blend front, middle, and back office functions (as highlighted in Figure 1) to ensure a seamless and differentiated experience for our customers comprising global FIs, trade associations, and fund, investment, institutional asset and mutual fund managers. Our wide-ranging expertise covers portfolio and mutual fund accounting, in addition to wealth and data management.

Front Office Middle Office Back Office
  • Portfolio Management
  • Trade execution
  • Pre and post trade compliance
  • Pricing & analytics
  • Broker integration
  • Custodian integration
  • Risk management
  • Compliance reconciliation
  • Position management
  • P&L allocation
  • Client on-boarding
  • Reference data management
  • Market data solutions
  • Portfolio accounting
  • Settlement confirmation
  • Wealth management
  • Client reporting
  • Performance measurement attribution
  • Compliance
  • Fund accounting & risk management

Figure 1: Hexaware’s Integrated Solutions

Value Delivered

  • Improved operational efficiency by 20% through digital asset management for a multi-boutique asset management firm. This included data consolidation from over 16 TAs and integration of sales management assets with content management systems.
  • Reduced operational costs by 30% through business process driven transformation. The project involved consolidating front office systems, re-architecting the data landscape, and integration with back office systems in a hybrid cloud environment.

The asset and wealth management industry is witnessing radical changes underpinned by tightening regulatory requirements, demanding tech-savvy investors, and complex mergers and acquisitions. Retaining market share in this environment calls for new operating models and digital transformation focused on enhancing customer experience and trust. The industry today relies heavily on several front, middle, and back office COTS products, especially SaaS based hosted COTS solutions.

What We Offer

Hexaware’s deep domain expertise coupled with leading vendor partnerships enable clients to customize, implement, and test COTS products in both – hosted and non-hosted environments. Our service offerings span consultation, implementation, customization, integration, and domain-led testing services, besides 24×7 production support.

Our Products Expertise

COTS Products Expertise

Figure 2: Hexaware’s Product Expertise

Value Delivered

  • 40% reduction in operational cost by implementing Eagle suite of products for a leading custodian bank.
  • 20% reduction in testing cost through application of automation test accelerator for Charles River implementation and upgrades.
  • Significant reduction in time-to-market through MEDM CoE implementation for a global multi-manager asset management firm.

Enterprise Data Manangement

The requirements of doing business in today’s complex financial environment are becoming increasingly clear. Evolving economic and regulatory requirements are compelling global financial institutions to minimize risk, while ensuring superior financial performance. Growing market volatility amplifies the importance of making informed decisions in real time. However, poor data quality and unstructured format not only impairs decision making, but also makes it challenging to ensure regulatory compliance, eventually leading to inefficiencies.

Banks and financial institutions need robust data management to ensure accurate, consistent data and reliable business insights. It also provides increased flexibility to optimize outcomes and return on investment (ROI), while minimizing risks and costs.

What We Offer

Combining innovative technology and deep domain expertise, Hexaware offers end-to-end investment data management solutions (as shown in Figure 1). Our suite of offerings comprises comprehensive data management capabilities across front, middle, and back office requirements. The solutions encompass market data feeds including security, intraday and end-of-day pricing, corporate action and analytics, client data, portfolio, trade, and compliance reporting, reconciliation, data governance, and Big Data management – across different asset classes.

Value Delivered

We have developed proprietary tools leveraging our extensive experience in investment data management, to accelerate and improve process efficiency and reduce implementation efforts by at least 20% for clients.

Banking and Financial Services Framework

Figure 1. Hexaware offering framework

Hexaware Proprietary/ Framework Tools Features
Data Dictionary and meta data summit for investment business information
Transactional recon process for identifying matches, mismatches, and discrepant data
Business intelligence metadata foundation tool that creates semantic layers such as universes and models
XML-based query engine for data integration & maintaining ETL coding standards, and locating coding errors
Metadata based analysis tool within any BI environment for determining duplicate reports , dead variables, and sub-set related reports
A scalable, flexible, integrated data model, improves quality and time to market for implementing dashboard, reports, and analytics

In a volatile investment management landscape, characterized by evolving regulatory requirements and customer demands, timely and accurate data helps asset managers stay competitive. With investors demanding greater transparency, there is growing demand for smarter risk management of discretionary mandates and timely reports on performance attribution at a granular level, to tailored risk profile, and also to individual client needs. Asset managers also need comprehensive risk data on a broader set of assets, including alternative assets. Similarly, traders are looking to make quick trading decisions by leveraging real time data from markets combined with accurate internal data.

Robust risk analytics underpinned by efficient data models and tools, enhanced data security, as well as efficient data visualization and portability is key to meeting these goals.

Leveraging its deep domain expertise in Enterprise Data Management, Hexaware provides a high-end cloud based integrated managed services pack. We enable in-memory analytics, dash-boarding, and self-service reporting to furnish accurate data and insights. Our analytics and reporting services drive superior performance and analytics implementation, along with efficient operational and maintenance support. Leveraging our strong global partnerships, platform agnostic services, and proprietary tools and methodologies (as shown in Figure 1), we effectively support analytics and reporting implementations.

Our reporting solution delivers a scalable, flexible, and integrated data model that reduces redundancy, cost, and manual workarounds. It solves the problems of traditional data warehouses and enables quicker and easier access to business data, including high quality dimensional data with corresponding hierarchies. The solution also improves quality and time to market for implementing dashboards and reports.

Value Delivered

Our team of experts enables report optimization and accelerates implementation by 40% using pre-built and ad hoc IP. By employing a hybrid on premise/cloud model, we segregate client IP by the level of security required to maintain high levels of security for proprietary IP. Additionally, our standardized and integrated analytics platforms facilitate 50% cost reduction. We also provide client access via vendors to emerging technologies including social media, mobility, noSQL, Data bus, and open APIs.

Banking and Financial Services Proprietary Tools

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