Fintech solutions for the wealth management industry

Our solutions cover the central processes to facilitate the Asset Management of our clients _

Our on-premise solution, fully adaptable and customisable. Openworkplace Enterprise is a modular and reliable solution that we can customise exactly to the needs of your organisation and business model.

  • Personal/private banking & insurance companies

Cloud solution designed for dynamic environments where growth, efficiency and effectiveness are key to customer portfolio management.

  • Brokers, private banking & fund management companies

Modular and scalable cloud solution under a subscription model. With the Bestportfolio solution, financial institutions can easily grow with lower integration costs and at a higher pace to market.

  • Asset managers, family offices & IFAs

Modular ecosystem comprising the best wealthtech solutions on the market, fully integrated with Openfinance products.

Our solutions’ modules cover the entire wealth management life cycle of financial institutions’ clients_

We automate and digitalise the processes of reporting, advice and discretionary portfolio management, complying with the required regulations and business rules of our clients.

MULTI-CURRENCY

MULTI-CUSTODY

MULTI-COUNTRY

MULTI-LANGUAGE

MULTI-ENTITY

CORE

Core module that includes management of the bank’s users, clients and financial instruments

User administration: definitions of roles and permissions, access control, integration with LDAP

Hierarchy and client visibility

Client and group management

Administration of financial instrument master

Audit module

Entity configuration: look & feel, risk matrix, country, currencies, languages

ADVICE

Module that automates advisory processes ensuring regulatory processes

This module provides the functions needed to outline and generate investment proposals in line with the client’s profile and the risk, complexity and liquidity restrictions required by the regulations in force

Parametric generation of suitability, convenience and KYC test entirely configurable by the bank

Investment proposals generated based on model or tailor-made portfolios with continuous monitoring of investment suitability for the client based on their risk profile and the rules established by the bank

Generation of both multi-target and retirement financial planning proposals

Generation of proposal reports in PDF format and monitoring of recommendation status

The platform is ready to process the information on costs and expenses required by regulation

Traceability monitoring for all commercial actions carried out with clients through generation of events and records of their proceedings

Management of model portfolios and benchmarks by risk profile. Model portfolio reports can also be generated in PDF format

Regulatory and business controls applied to investment proposals: minimum investments, fund classes, MiFID, risk control, convenience, target audience, etc.

CNMV statements:

  • T3: list of clients by investment profile pursuant to Spanish regulations
  • T8: list of data concerning the investment and product proposals compiled for statements   T8A, T8B and T8C

REPORTING

Module allowing managers to assess investment portfolio and generate value-added reports

Generation of value-added investment / account / client contract reports both on demand and periodically, including the following analyses:

  • Reports for specific dates or comparing separate dates Ability to consolidate and disaggregate portfolio reports
  • Details on positions and unrealised return
  • Return performance over a period (MWR or TWR)
  • Movements and transactions
  • Return/risk
  • Asset Allocation
  • Performance & Risk Attribution
  • Currency effect
  • Ex post analysis of costs and expenses

Aggregate reports of all client investment portfolios with the ability to create a report on a group of clients or family unity both in web and PDF formatReports adapted entirely to the bank’s corporate image

Generation of configurable mass reports

Ability to calculate the success fees and/or management fees associated with the accounts

CNMV statements:

  • T2: number of clients by service and segment

PORTFOLIO

Module for automating discretionary portfolio management

Generation of client position reports (ad hoc or mass)

Contract monitoring and management, risk control and alerts

Fee management and calculation

Management of model portfolios and benchmarks by risk profile. Model portfolio reports can also be generated in PDF format

MONITOR

Easy and intuitive module for monitoring business activity

Allows monitoring to be carried out on client portfolios as compared to their risk profile in order to boost business activity

Appointments and tasks: calendar where manager appointments and tasks can be managed. Can be integrated with Microsoft Outlook and Google Calendar

Campaigns and targets: campaigns and business targets generated and monitored centrally with the ability to generate warning

Different types of alerts generated on the platform: for client portfolios, products, renewing and updating suitability and convenience tests, portfolio risk control, CRM, etc.

Statistics: information for the bank’s supervisors or department managers to perform suitable monitoring

Watchlist: lists of financial products being followed by managers

CUSTOMER WEB

This module provides end customers with a web interface through which they can consult information on their portfolios, adapted to the entity’s look & feel.

With a simple click, customers can consult their returns and generate their own reports, if they so wish. They can also consult their suitability tests and investment proposals.

It is up to the bank to decide which customers it wants to offer this service by activating it through the administration module.

API MANAGER

The developer portal is our website where the API documentation is located. It is where developers can discover our APIs, learn how to use them, request access and test them.

It also has several SDKs in different programming languages to speed up third party development to integrate with our APIs interface.

DASHBOARD

This module intended for the bank’s supervisors or department managers allows aggregate information on all activity to be consulted in order to perform suitable monitoring.

It shows a series of KPIs at different levels via a user-friendly interface. They factor in everything from monitoring the bank’s clients to the performance of the wealth managed by the managers, commercial activity and conversion, management contracts, returns, etc.

Our clients

Our clients range from retail banking to private banking, financial advisors, securities companies, agencies, insurance companies, pension plan and investment fund managers.

We are present in Spain, our main market, Portugal, Mexico, Costa Rica, Panama, Colombia and Chile.