Wealth management fintech firm, JHC Systems (JHC), has launched its Digital Wealth platform. The product and service offering allows firms to digitise key processes, which will improve efficiency and enhance the experience of end users. This means wealth managers will be freed up to focus on what really matters - client relationships and retention.
The platform, which is available to wealth management firms of all sizes, draws from one centralised database and enables operations to be digitised from front-to-back. The modular offering combines mission critical data, processes, people, activities and offices so that they function as one. The use of a single database eliminates the need for inefficient and time-consuming duplication and integration. Instead the platform offers an all-encompassing foundation on which firms can build their digital ecosystem, providing a base for JHC, or third party, digital solutions.
JHC recently deployed a solution for LGT Vestra to help them digitally transform the management of their suitability reporting, and saw the manual processing time for its middle office reduced from two months down to one day. This is just one example of how the Digital Wealth Platform transforms beyond the front office and client engagement.