KUALA LUMPUR, MALAYSIA- IRESS, a leading international supplier of capital markets, wealth and mortgage management systems, announced that it had successfully delivered an integrated technology solution for Kenanga Investment Bank Berhad's ("KIBB") Wealth Management division.
This integration supports KIBB in their implementation of KENWRAP, their next generation wealth management platform.
The technology platform solutions provided to KIBB's Wealth Management division comprises of IRESS' extensive advice platform ("XPLAN") and IRESS Portfolio System ("IPS"). It meets a key requirement of KIBB which is to synthesise various product classes into multiple functions including client engagement, workflow automation, financial planning tools and document management. This will help enhance servicing levels and support efficiency in managing a client's financial needs.
Jason Hoang, IRESS Managing Director, Asia, commented, "Through Kenanga, IRESS was able to demonstrate a true understanding of the unique needs of the financial services business in Malaysia and provide relevant expertise and technological solutions. Providing not only the right solution, but also the sort of working partnership to inspire confidence in KIBB that their requirements would be met was vital to this project."
"This integration will provide KIBB with the necessary tools to fully support and manage their clients in the evolving regulatory landscape."
Mr William Lee, Director, Head of Wrap Wealth Management, KIBB explained: "We support the pursuit of financial security through careful strategic wealth management and planning. This includes access to a comprehensive range of investment products as well as tailored financial advisory services. Kenanga's Wealth Management division offers clients a one-stop investment solution centre. The selection of IRESS meets with our requirements as it had the ability to deliver a single integrated platform solution across different product classes such as unit trusts, equities, treasury products and insurance".
Kenanga Group, established for more than 40 years in Malaysia, is a reputable financial group in Malaysia with extensive experience in equity broking, investment banking, futures broking, treasury, corporate advisory, Islamic banking, wealth management and investment management.
