As the insurance sector goes through a tough phase given the global economic conditions, the focus is now to retain customers. Investment management is playing a critical role in ensuring customer loyalty. An insurance company can certainly retain customers by hiring the best investment experts. But that is only one part of the story. Insurers also need to look at investment management solutions to enable effective delivery of services to customers.

NIIT Technologies has experience in working on a wide range of technology solutions to develop and deliver investment management solutions tailored to the needs of its clients.

Solutions

NIIT Technologies provides reliable and secure investment management solutions to manage investment processes and the functions of the entire trade lifecycle, which include but are not limited to:

• Investment Accounting
• Portfolio Management
• Private Banking and Advisor Network
• Electronic Trading Services
• Investment Modeling
• Global Wealth Management
• Tax and Order Management
• Risk Management
• Fund Operations Pricing and Trading-NSCC

We also offer expertise in various third-party investment management products, some of which include:

• Charles River for equity trades
• Bondstar for bond trades
• Anteres for money markets
• FX All for fixed income trades
• SunGard Invest One

Business Benefits

We help you streamline the entire investment management process and make it goal-driven. Here are some of the business benefits that you derive from choosing NIIT Technologies’ solutions:

• Improved performance and reduced business costs
• Huge savings in operational cost through our dual-shore delivery model
• An efficiently integrated system, which allows your customers to get real-time online account information

Success Stories

Data Warehousing Solution for one of the top financial institutions of the world

The client, with 24,000 employees, is among the top financial institutions in the world. Due to the mergers it had undergone, the company’s data was scattered across multiple disparate systems and platforms, leading to an information bottleneck.

NIIT Technologies provided a data warehousing solution with the objective to provide a consolidated information layer on a uniform platform. This would act as a single window for information required in the following business areas:

• ALM (Asset Liability Management)
• QCR (Quantitative Credit Risk)
• CKO Market applications

Impact

• Application portioning into operational and analytical domains to address the disparate but internally cohesive requirements of each business area
• Significant savings in software development costs through the dual-shore model
• Basel II compliance: Reduced requirement for Risk Based Capital (capital adequacy)
• Effectively handled capital adequacy directives calculations and portfolio modeling
• Facilitated calculation of credit risk for loan application processing

Web- Enablement of Reporting Modules for a financial industry services giant

The client provides investment processing, fund processing, and investment management business outsourcing solutions to the financial services industry.

The client had a secure web-based product for report generation that was heavily used by investors to view account information. Hence it was imperative to ensure that this application was adequately supported as per prescribed service levels. The client had no prior experience in outsourcing such applications which typically had frequent releases and required setting up of heterogeneous environments. The client intended to outsource the application maintenance and enhancement of this product and requested NIIT Technologies to develop a solution to this.

NIIT Technologies developed Open Data Transactions (ODTs) for all reporting modules and enhanced their web-based product with a custom user interface to generate reports based on different selection criteria corresponding to accounts and date ranges. This was achieved through integrating it to a content management tool MOBIUS. We developed the required APIs to provide the account grouping feature. The system was enabled to download application specific files and account specific statements. NIIT Technologies also provided first, second and third level of maintenance and support for the client’s web-based product.

Impact

Some of the key benefits that the business accrued from our solution were:

• Enabled real-time access of account information to investors
• Generation of online transaction reports
• Web-enablement of all reporting modules for future cash flows, income accruals, account performance reports, online transaction reports and holdings reports
• Provided a feature to extract information for multiple accounts grouped in a single request (Account Grouping)