The financial services industry is undergoing significant transformation that is creating both opportunities and challenges for financial institutions. This transformation is driven by a number of market factors including deregulation, convergence, globalization, and the growth of online financial services.
Significant changes in the process of financial intermediation and Wealth Management is inevitable. New products and services and more efficient management of the distribution methods to deliver such products and services will have to follow. A key component of the Distribution business will be the ability to deliver good and timely advisory.
The strategic focus of eFINSERVE is in the area of Wealth Management, specifically the development of application software products and services that are required by Distributors and Financial Institutions who are engaged in providing Wealth Management advisory and the distribution of products and services in the Wealth Management space.
eFINSERVE's products and services help financial institutions adopt customer-centric strategies that help them identify, attract, and retain profitable customers. With WealthNET, financial institutions can enhance service levels and business processes to increase their market share.
As a deliberate strategy, we have adopted a modular approach in building products around a central core called WealthNET. All products are developed and incorporated in the form of modules, which will enable the Customers of WealthNET to choose and incorporate the modules as per their business requirements. New modules or enhancements to existing modules would be released from time to time, which would either incorporate additional functionality or cater to entirely a new product offering.