The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

FIS Launches New Data Analytics Platform for Wealth Managers

Share article

Florida-based Fortune 500 FinTech firm FIS Global has launched a new platform to provide wealth managers with data and insights, helping them to automate key manual processes and utilise data analytics to meet customer requirements.

FIS Unity uses APIs to provide an integrated, 360 degree view of assets across multiple providers, with the addition of proprietary analytics tools through an interactive dashboard.

“Unprecedented levels of market volatility have made it more important than ever that wealth managers and advisors have a complete, accurate picture of their clients’ assets and remain connected anytime and anywhere,” says Brian DuVal, Head of Wealth and Retirement at FIS. “During this time, investors still expect accurate, insightful guidance.”

The platform, which targets wealth management firms, wealth divisions of banks, trust companies, custodians and brokerage firms, offers advanced data analytics and automated workflows through an interactive dashboard. It also enables users to integrate third-party solutions through the FIS Code Connect ecosystem of open application programming interfaces.

Just a few weeks ago, FIS also launched Enterprise Productivity, Intelligence & Compliance (EPIC), a modular, desktop-based solution designed to help financial institutions solve operational challenges while managing an increasingly remote workforce. EPIC leverages data analytics to enable operations personnel to monitor enterprise-wide operations from their desktops. Organisations can use its automation capabilities to allocate virtual and physical resources in real-time to handle spikes in business activity. It contains six modules, including a automation module leveraging robotics process automation and remote desktops to allocate workflows via a unified console, an intelligence module providing AI-enabled business intelligence tools, a compliance module to monitor workflow compliance with enterprise policies, regulatory requirements and fraud management, an efficient module that captures key operational data on workforce, asset productivity and workload management to help avoid bottlenecks, and a knowledge module that synchronises learning programs and distributes policies and procedures to employees. At its heart, the EPIC Core handles the analytics, data and process mining along with event processing and reporting.

“The pandemic has fundamentally changed the way businesses operate, manage their teams and interact with customers,” says Rob Lee, head of Digital and Banking at FIS. “Our new solutions help financial institutions and businesses understand and optimize the efficiency of employees working from home, providing greater control over their extended enterprise.”

Related content

WEBINAR

Upcoming Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings

Date: 21 January 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions...

BLOG

Nebula Graph Database Raises $8 Million in Series Pre-A Funding

VEsoft, the developer of the open-source Nebula Graph database, this week successfully closed $8 million in a series pre-A funding round led by Redpoint China Ventures and supported by existing angel investor Matrix Partners China. The funding will be used for additional product development and to bring Nebula Graph to market in North America, Europe,...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...