The solution called “Advisory” will facilitate the automatization of investment portfolio management in accordance with compliance regulations and policies
March 7, 2019 – Refinitiv, formerly the Thomson Reuters Financial & Risk business, and Sberbank Private Banking, a division of Sberbank, announced that a new automated and customized advisory solution will be deployed to service investment portfolio managers.
The solution branded as “Advisory” will be powered by Refinitiv pricing data and features several analytical tools aimed at digitizing the investment process. It enables Sberbank Private Banking to extend an advisory service that takes into account the clients’ individual investment preferences. The new solution allows Sberbank Private Banking to effectively manage client portfolios and enables investment consultants to carry out a wide range of analytical work based on various portfolio behavior scenarios.
Antonio De Gregorio, Managing Director for Central and Eastern Europe, Russia and the CIS, Refinitiv, said: “The solution facilitates the digital transformation of Sberbank Private Banking as they move towards full implementation of a robust digital wealth management strategy. Advisory elevates the bank’s customer experience because it features a range of customized functions and enhances transparency levels that meet regulatory requirements.”
Evgenia Tyurikova, Head of Sberbank Private Banking, said: “Digitization is now critical in the private banking space. The new solution represents effective tools that seamlessly improves the experience of clients and digitize investment advisory service to meet the fast changing demands in today’s markets.”
The first stage of deployment, set to take place mid- 2019, allows investment managers to analyze client portfolios and offer bank customers a new approach to develop an individual strategy. Advisory offers test capabilities as well as portfolio benchmarking and rebalancing. Next year and upon full deployment, the solution will enable clients to manage the full cycle of their investment portfolio management process including decision making.
To learn more about Refinitiv wealth management solutions, please visit this page.
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community - driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.