KENANGA selects IRESS technology solution 12 December 2013Kuala Lumpur Reporter: Daniel Jackson
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IRESS, a supplier of capital markets, wealth and mortgage management systems, has successfully delivered an integrated technology solution for Kenanga Investment Bank Berhad's (KIBB) wealth management division.
The integration supports KIBB in its implementation of KENWRAP, its next generation wealth management platform.
The technology platform solutions provided to KIBB's wealth management division comprises of IRESS's advice platform, XPLAN, and its portfolio system, IPS.
It meets a key requirement of KIBB, to bring together various product classes into multiple functions including client engagement, workflow automation, financial planning tools and document management.
Jason Hoang, managing director at IRESS in Asia, said: "Through Kenanga, IRESS was able to demonstrate a true understanding of the unique needs of the financial services business in Malaysia and provide relevant expertise and technological solutions.”
“Providing not only the right solution, but also the sort of working partnership to inspire confidence in KIBB that their requirements would be met was vital to this project. This integration will provide KIBB with the necessary tools to fully support and manage their clients in the evolving regulatory landscape."
William Lee, director and head of wrap wealth management at KIBB, added: "We support the pursuit of financial security through careful strategic wealth management and planning. This includes access to a comprehensive range of investment products as well as tailored financial advisory services.”
“Kenanga's wealth management division offers clients a one-stop investment solution centre. The selection of IRESS meets with our requirements as it had the ability to deliver a single integrated platform solution across different product classes such as unit trusts, equities, treasury products and insurance."
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