Customer Context
A leading Asset & Wealth Management firm recognized the importance of leveraging advanced technologies to enhance operational efficiency and client satisfaction. However, they faced challenges in developing a comprehensive robo-advisor platform from scratch, which demanded substantial investments and expertise.
Key Business Challenges
- Resource-Intensive Development: Building a robo-advisor platform demands significant investments in time, skilled personnel, and technology.
- Complex Technical Integration: Integrating various components, such as model portfolio creation, rebalancing algorithms, tax loss harvesting, and risk profiling, can lead to technical complexities and delays.
- Diverting Focus from Core Competencies: Developing a robo-advisor can distract teams from focusing on core strengths and delivering value to clients.
Coforge Solution
Coforge presented the Robo-Advisor Accelerator to address the challenges faced by wealth management firms. Key Features of the Robo-Advisor Accelerator:
- Effortless Model Portfolio Creation: Allows easy design of model portfolios tailored to clients' unique needs.
- Intuitive Business Logic Customization: Enables simple configuration of operational parameters aligned with investment strategies.
- Streamlined Investor Profiling: Facilitates accurate risk profiling and asset allocation for each client.
- Comprehensive Robo-Advisor Management: Handles the entire robo-advisor infrastructure, from data management to portfolio execution.
Outcome
- Reduced the time required to launch a robo-advisor platform by 40%. With pre-built components and streamlined integration, the firm was able to deploy their robo-advisor faster and gain a competitive advantage in the market.
- By leveraging the Robo-Advisor Accelerator, the firm achieved cost savings of 38% compared to building a robo-advisor from scratch. The elimination of extensive development efforts and the use of pre-built modules reduced upfront costs significantly.
- With the Robo-Advisor Accelerator, the firm achieved a 25% increase in client satisfaction. The ability to personalize robo-advisor offerings based on their investment expertise and cater to individual client needs resulted in higher client engagement and loyalty.
- The robust and scalable platform accommodated growth, ensuring the robo-advisor evolves with business needs and expands seamlessly.
