Keeping up with a changing private banking environment
FNZ can help private banks to transform their business model and address a challenging marketplace with an evolving customer base.
As the margins on other banking products shrink, there’s a challenge to grow assets under administration. An ageing customer base and high levels of inter-generational wealth transfer demands new ways to interact with younger customers.
But change can be hampered by historically complex and inefficient IT environments and systems. There is frequently also a divide between the technology and the investment operations sides of the business.
As a result, it can be expensive both to run the business and to introduce change. Which can become even more of an issue, and hurt profitability, as margins contract.
- Platform as a Service means it’s all taken care of
Partnering with FNZ and our platform-as-a-service offers Private Banks a swift and flexible way to streamline, improve and modernise your private banking and wealth management offering.
A single platform can replace existing complex technology. And we provide not just the state-of-the-art platform technology and IT infrastructure but also the investment operations services.
We also maintain and constantly update the platform to keep up with any regulatory change. So you’re guaranteed compliance at no extra cost.
Solutions for private bankers
FNZ provides an integrated front and back office solution for managing every stage of a banker’s relationship with high-net worth clients and households. These can be implemented across multiple relationships that span multiple jurisdictions.
You can also enhance client relationships by introducing interactive digital services across multiple devices, spanning desktop, tablet and mobile. These are designed to complement the personal nature of private banking relationships and better engage the next generation as wealth transfers.
We can help upgrade your entire wealth management and private banking business replacing the technology from front to back through an FNZ platform. We provide a single solution covering investment management, banking and lending solutions.
It can lower your production and administration costs while supporting tailored investment solutions at low or no marginal cost.
High quality and sophisticated client reporting that will meet the demands of high-net-worth and ultra-high-net-worth clients comes as standard and can also be rapidly tailored when required.
Benefits for your customers
Personalised products and tailored, interactive digital services can complement and enhance the personal nature of private banking relationships. And they can be provided at a lower cost.
Digital-first delivery is increasingly expected by a younger generation of private banking clients, who may place less value on the traditional face-to-face Private Banking model.
Tailored alerts and notifications ensure that information is pushed to clients as and when required so they are neither overwhelmed with too much information nor left feeling out of control with too little.
What can it look like?
Global FNZ Platform Options
- Wealth & Private Banking Platform
- Direct to consumer
- Financial Adviser platform
Additional Standalone Services
- Quantitative Solutions
- Data Analytics
Find out more
Take a closer look at our range of solutions or get in touch to find out more about how we can work with you as long term partners.
Designing solutions and building partnerships
A fully digital and market leading wealth management proposition, accessible to all of Barclay’s online banking customer base.
Building long-term, local partnerships
We partner with over 150 major financial institutions around the world to serve the needs of wealth management customers. We have over 4,000 employees working in around 18 international markets across Europe, Asia-Pacific, Africa and North America.