Improving asset management efficiency and performance

DEMANDS

Banca Ifigest is a Private Bank whose core business is portfolio management. Targeted to a medium-high level customer base, the bank’s solution for carrying out its business was based on a market product that lacked the flexibility required to adapt it to the bank’s operating model. For this reason, Banca Ifigest chose Cabel with the aim of developing an application that was capable of enhancing the performance and efficiency of its asset management business. Thanks to the flexibility and scalability of Cabel’s product, the bank can easily adapt the procedure to its multiple, ever-changing business demands.
Based on Cabel’s distinctive model of collaboration / partnership with its customers (distinctive of its operating approach), as with all custom projects, the active involvement of Banca Popolare Etica in this project was deemed crucial.

THE PROJECT

Following an analysis and comparison process carried out with Banca Ifigest, Cabel developed a dedicated application for the bank’s asset management activities, appropriately configured based on the bank’s operating structure.
The application enables to manage “upstream” operations on the various management lines as well as customized single management processes. The activity can be carried out through the use of model portfolios or rebalancing operations aimed at maintaining consistency with the parameters and management limits set by the operator. Management trends in terms of performance, asset allocation and risk indicators, are monitored in ex-ante mode. The product’s functionalities allow the bank to generate adequate customer reports.

RESULTS

Bu implementing Cabel’s asset management platform, Ifigest bank achieve greater efficiency with regards to processing times, reduced operational risks, credit limit monitoring, advanced analysis functionality, as well as an evolved reporting system.

The complex analysis and design work carried out together with Ifigest bank, combined with Cabel’s most advanced technologies, enabled to obtain a highly performing product, with rebalance processing times for over 1,000 customers’ accounts in less than a minute and real-time monitoring of 2,000 active limits.