Business Benefits

Operational efficiency

We provide private banks and wealth management firms with the ability to improve the overall operational efficiency of their firm. 

ENHANCED AUTOMATION

We allow wealth managers to focus on customer-centric goals that directly impact their revenue maintenance and growth.

How can Client Lifecycle Management drive operational efficiency

Wealth Dynamix provides private banks and wealth management firms of all shapes and sizes with the ability to improve the overall operational efficiency of their firm. We do this by digitising complex rules and complex processes, and infusing both of these – as well as certain client communications – with automation. This dramatically reduces the amount of manual work required, as well as the rate of rework and allows wealth managers to focus on customer centric goals that directly impact their revenue maintenance and growth.

Here’s just some of the recent results our clients have experienced

- 0 %
in front-office administrative tasks
- 0 %
in onboarding time
+ 0 %
in prospect conversion

Key Capabilities

Process automation

A sophisticated and flexible workflow engine allows a full range of industry specific processes to be infused with automation, from onboarding and reviews to amendments and services requests. Exception notifications are automatically identified and distributed to the relevant parties, for whom they are auto-prioritised and categorised.

Process automation
Integration

Integration

Combining the process automation capability of the solution with a powerful integration layer and a rich eco-system of pre-integrated specialist third party tools further supercharges the automation potential and the associated efficiencies we deliver. Why go on re-typing data, or copying data and documents between multiple locations? 

Efficient document management

Our solutions digitise the complex rule sets that define exactly what documents need to be gathered, distributed and signed. Furthermore, where distribution is required, our solutions can pre-populate those documents and automate the distribution to the identified signatories. As a final step to removing document related overhead, our solutions also add automation into the document expiry identification and document refresh process.

Efficient document management
Intelligent data capture & re-use

Intelligent data capture & re-use

Our sophisticated, best-practice data maintenance capabilities allow us to understand exactly what data needs to be captured against an individual, organisation, product or service in a given scenario. This principle of data minimisation not only adheres to data privacy regulation best practice, but also reduces data entry overhead. Data entry overhead is further supported – by the integration layer allowing data to be automatically pulled from third party sources – and by our intelligent reuse capability allowing a person or organisation’s data and documents to be automatically reused across any client relationships to which they are connected. Of course, data entered can be auto-validated to ensure complete coherency and consistency. Our solutions also understand exactly how long data can be considered accurate and validate before refresh procedures – such as KYC reviews – are initiated.

Compliance automation

Compliance is easy when you’re on top of it. That is why we adopt a compliance-by-design approach. Automated compliance checks and tracking help ensure that client interactions adhere to regulatory requirements, reducing compliance overhead while simultaneously reducing the risk of non-compliance and associated fines. Accurate and timely regulatory reports are available in real-time and retrospectively, reducing the administrative burden of compliance reporting.

Compliance automation
Audit trail

Audit trail

Auditing – both internal and external – can be a time consuming and complex process. Our solutions take the hard work out of auditing by providing comprehensive, easy to use audit trails covering not only the creation, modification, access or deletion of client data and documents, but also the wider processes through which such data or documents might have been affected.

Streamlined communication

Communicating with your customers and keeping them up to date should not have to be a choice between good service and efficiency. Our solutions allow communications to be automated, with careful consideration of segment, preference and triggering event all inputs that can be considered in determining the appropriateness of automated communication channels versus traditional communication channels.

Streamlined communication
Data analytics

Data analytics

Data is a valuable asset, but only where that value has been unlocked. For many firms, unlocking the true value of their data can be a challenge. Our range of insights and analytics capabilities allow you to realise the true value of your data and to do so quickly and easily through the use of an initiative user experience. For those looking to take things one step further, AI capabilities can be applied to enable natural language querying of data and automated trend and insight identifications. At Wealth Dynamix, we never want to see an efficiency opportunity missed. That’s why we even use the insights and information visualised to further refine the processes we manage through the solutions – it’s what we call our philosophy of continual improvement.

Resource optimisation

Our solutions allow you to understand exactly which teams and functions are under-resourced or over-resourced. They also show you which tasks are proving most time-consuming, enabling the business to continually adjust its resourcing and resource application to get the best possible results for the business and your clients. It’s remarkable how much more easily and efficiently business goals can be achieved when a solution is designed to help maximise collaboration, and to support all team members in executing their responsibilities more easily and more consistently.

Resource optimisation

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LATEST INSIGHTS

Wealth Dynamix now available on Temenos Exchange

1 February 2024

Wealth Dynamix now available on Temenos Exchange

Wealth Dynamix, a leading provider of Client Lifecycle Management solutions, today announced Wealth Dynamix is available on Temenos Exchange, the partner ecosystem of integrated fintech solutions.

3 min. read

Re-imagining prospecting in wealth management: a necessity in today’s dynamic market

17 January 2024

Re-imagining prospecting in wealth management: a necessity in today’s dynamic market

The traditional wealth management model is no longer sufficient for today's dynamic market. To thrive, firms must embrace prospecting by crafting a culture that prioritises client segmentation, prospect allocation, performance enhancement, junior banker empowerment, and personalised digital engagement.

3 min. read

Wealth Dynamix’s APAC MD highlights missions and challenges around Client Lifecycle Management

4 January 2024

Wealth Dynamix’s APAC MD highlights missions and challenges around Client Lifecycle Management

Hubbis recently hosted a virtual discussion focusing on the application and then implementation of the latest digital solutions in the world of Asian wealth management.

5 min. read

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