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The turbulent market and arduous business environment make the entire financial industry go through a period of cost shedding. Banks are paying more attention to packaged solutions to reduce system implementation time and effort. In 2010, Finnova and Axisoft established a strategic partnership to form a strong Wealth Management solutions team in Asia and bring the best technology and consulting service to the Asia Financial market.

Finnova is the No.1 Integrated Banking System in Switzerland. There are more than 92 universal and private banks running Finnova System in various operating models which shows the flexibility of the solution – from single instance to cost efficient multitenancy installations, from full fledge outsourcing to complete operations by the bank itself.

Finnova system contains three layers, the access, the application and the interface layer. Each layer fulfils unique but coordinated tasks. The seamless integration of all three layers enables banks to realize extremely high Straight-Through-Processing rates throughout all kind of banking processes.

The access layer offers a secure and user-friendly gateway to bank staffs, clients and partners. The application layer is the real-time kernel of the entire banking system. It comprises the basic data and the core processes of front, middle and back office. The interface layer acts as a connection to external systems and features different levels of complexity. Finnova is an open system providing a large number of standard interfaces and almost unlimited possibilities to extend the functional scope: With the Finnova Development Kit (FDK) bank individual enhancements or modules can be added to the Finnova Standard.

The architecture of Finnova System makes it to be a future-oriented and state-of-the-art solution that could be available as an all-in-one package or individual modules which integrate seamlessly with legacy systems of the bank. (Click here for details)