Generating Wealth Impact
Genpact offers transformational wealth management solutions for the banking industry. We design, transform, and run intelligent business operations through our unique Lean DigitalSM approach, which combines advanced process-centric digital technologies, design thinking, Lean principles, and deep domain expertise. Genpact's proprietary solution OpenWealth® provides an efficient end-to-end solution for wealth managers and financial advisors, allowing wealth management firms to focus on raising and managing investor assets while improving client satisfaction and increasing profitability.
Genpact OpenWealth® is a business process as a service (BPaaS) platform that leverages cloud-based technology to enable wealth management firms to administer a client-centric view for all accounts to grow and scale their business. Its advanced capabilities integrate investor suitability, account management, portfolio management, rebalancing, trading, pre-trade compliance management, and more – all on a single platform. OpenWealth® combines next-generation technology and Genpact's service excellence to enable wealth management firms to reduce time to market and deliver holistic and integrated services to customers while keeping costs down.
A leading global investment bank partnered with Genpact to transform and run their wealth management operations using better technology, processes, and organizational design. By moving to a centralized platform and more efficiently capturing and disseminating data to its financial advisors, the banks was able to convert its data to actionable insights, ultimately leading to more effective customer engagement. Genpact's wealth management solution enabled the investment bank to achieve upfront cost savings of 10%, improve overall reporting efficiency by 30%, increase research report disclosure coverage from 1% to 100%, and reduce reporting delays related to double tax treaty requirements by 50%.