IBM Websphere Portal DemoBusiness
"Commercial Banks' value is now measured by their client relations"
Financial services shift from product development to client services. Extending state of the art services, beyond product delivery is what our clients are after. Key to the transition from developing and delivering financial products to clients is an approach of combining products into meaningful services. This requires reversing the rationale from "what clients would be interested in my products" to "what are services that my clients would be interested in".
On top of that, the user requires more than just the transaction:
Full decision cycle support for the client is part of Virgil's approach to services and contributing to a financial services platform. It can be applied to virtually all asset classes and product ranges in the financial services space.
Pre-Trade Services typically help the user to understand the market(s) in which he or she is considering a change in position. Categorized research, relevant news channels, market rates combined with pricers create transparency and context in the process of understanding what the market is about and what the cost / return ratios are for the considered trade.
Trade - Transaction Services allow the user to execute trades and transactions in a way that is tailored to level of experience. Online assistance and - communication help lower the threshold entering the transaction, professional click-and-trade and orderbook information satisfy the experienced user.
Post-Trade Services immediately update the customer on the status of the transaction and the effects on his or her positions. Portfolio analysis tools and overviews, transaction blotters and risk calculations are provided to support the user in verifying that the transaction had the desired effect. Confirmation and settlement process lower cost of services and handling at the customers' side.