FINFOX
ADVISORY AND RISK TOOL
FOR INVESTMENT ADVISORY











finfox pc tablet version

OVERVIEW OF FINFOX

FINFOX has been the leading software in Switzerland for years for the use in investment advice . It enables structuring the advising process in line with regulations and content development for all client segments.

FINFOX is used by

  • Universal banks
  • Private banks
  • Raiffeisen banks
  • Investment managers.

FINFOX is based on six key elements:

HIGH FLEXIBILITY

The modular, highly configurable “process construction kit ” allows a flexible structuring of the advisory process according to the bank’s requirements (according to function, customer segments, booking centres, etc.)

SCIENTIFIC BASIS

Risk assessment and portfolio optimization are carried out according to the latest state of the art.

REGULATORY INTEGRATION

Inclusion of all the regulations relevant to investment advice (e.g. FIDLEG, MiFID II, KAG, cross-border banking).

SCALABILITY

FINFOX is used by small and major financial service providers.

INDEPENDENCE FROM CORE BANKING SYSTEMS IN USE

FINFOX has a wide range of interfaces to standard core banking systems (Avaloq, ERI Olympique, Finnova, HP, SunGard, TCS Banks), different CRM systems and archive systems as well as to a wide range of other external and internal peripheral systems.

UNIVERSAL USE

FINFOX is used in Switzerland, Liechtenstein, Germany, Austria, Singapore, Dubai and Luxemburg in different languages.
Data can be delivered in real-time or by batch processes.

ADVANTAGES OF FINFOX

SUCCESSFUL STANDARD SOFTWARE

FINFOX is a standard software that was launched from 2008 onwards in Canton banks, private banks and Raiffeisen banks in Switzerland. All the integration projects were successful and within cost estimates.

FINFOX has been upgraded and extended in conjunction with the banks.

COMPLIANCE WITH REGULATIONS

The current regulations for investment advice are considered in FINFOX. This provides bank and advisor automatically with support on compliance, respectively.

Future regulations will be implemented/integrated in FINFOX.

CUSTOMIZING AND INDUSTRIALISATION

Due to industrialisation of the advisory process, investment advice can be designed to meet the customer’s requirements simply and cost-effectively. This results in higher quality of advice and lower customer-related risk, hence greater added value for clients.


FLEXIBLE BUT CONSISTENT ADVICE PROCEDURES

The investment advice processes of a bank can be defined by client segments, advisor roles, regulatory areas or other criteria.

FINFOX enables the bank to design and monitor advice content and types of consultancy uniformly across all processes and channels.

LOWER ADVICE COSTS

Industrialisation of the advice process with FINFOX means lower costs for advice in spite of individualisation, meaning greater added value for the bank.

REDUCTION IN LIABILITY RISKS

FINFOX ensures that advisors comply with client restrictions and the requirements of the bank and regulators. This substantially reduces liability risks for the bank.

The tools available are compliance reporting and a management information system.


INTEGRAL ORIENTATED ADVISORY SUPPORT

The advisor is fully supported in preparation and follow-up of client meetings, during client meetings and in proactive client contact.


FIELDS OF APPLICATION

FINFOX has a multichannel capability and offers a wide range of applications:

  • FINFOX Pro: Advisor workstation
  • FINFOX Touch: Tablet solution for client meetings
  • FINFOX Advice: Hybrid solution for e-Banking (as of 2018).

All channels afford access to the same business logic; all read and write access is effected from and to the same contents and data, respectively. Data consistency is ensured in any case.


FINFOX Pro: ADVISOR WORKSTATION

FINFOX Pro: ADVISOR WORKSTATION

FINFOX Pro, the advisor’s workstation, can be configured individually. It is used for the following activities:

  • preparation and follow-up of client meetings
  • ongoing portfolio monitoring
  • proactive client contact
  • preparation of the agenda for the client advisory meeting carrying out on FINFOX Touch

FINFOX Pro is a web application; conventional browsers are supported. As of October 2017, a new GUI will be in use.


FINFOX Touch

Tablet-based tool to support client meetings (Face2Face):

  • Supports the advisor in client meetings.
  • Optimized for client meetings.
  • The advice process is aligned to the course of  conversation.
  • Interactivity optimizes the advice process for advisor and client.
  • Several advice options can be discussed, and these are prepared in FINFOX Pro.
  • Runs on iPads (iOS) and Surface Tablets (Windows).


FINFOX ADVICE: HYBRID ADVICE TOOL

As of 2018, FINFOX Advice will enable flexible collaboration between client and advisor via e-banking on a range of devices with different functionalities.

FINFOX Advice offers a virtual continuum of advice options, from simple self-help (“RoboAdvice”) up to guided advice where the advisor supports and leads the client through the process.

The bank determines which types of advice it will allow.


CLIENTS

FINFOX customers currently include:

  • Four Cantonal banks
  • Six private banks
  • 300 Raiffeisen banks
  • Independent investment managers.

CONTACT


Dr. David Kocher
E-mail: david.kocher@ecofin.ch
Telephone: +41 43 499 3062

 

INVESTMENT ADVICE

Investment advice means consulting investors in combining financial instruments to create a portfolio with well-defined properties, which fit the investor and which remain constant over time. The final decision is with the investor

FINFOX supports all parties within a bank, i.e. consultants, head consultants, senior bank management as well as risk controlling and compliance, in fulfilling their tasks comprehensively.

The basis for investment advice are information in the possession of the client, knowledge of financial instruments, financial markets, portfolio optimization and analysis, which is available to the consultants of the bank, as well as legal requirements and restrictions (Swiss Code of Obligations, codes of conduct, consumer protection law of the European Union and others).

THE ADVISORY PROCESS

The advisory process is the systematic arrangement of investment consulting content-wise and organizationally.

With the help of FINFOX this arrangement can be made very flexible according to the needs of the Bank.

It is possible to employ practically any discretionarily defined  processes – differentiated according to client segment, consultant functions, booking centers etc. – within the same bank.

The high flexibility is possible due to a common data model, a large number of existing interfaces, more than 40 modules and the possibility to configure all processes at a highly granular level.