Next generation wealth data management platform optimized for customer driven intelligence.
A global financial Institution determined their data systems were inflexible, out-of-date, expensive to maintain and more importantly not delivering value to the business.
As competition to acquire and retain clients becomes increasingly fierce, action was required to improve data driven intelligence.
A new enterprise data foundation was needed to stimulate and support future revenue growth.
EEI’s team of industry and domain experts conducted an extensive forensic data analysis and system rationalization assessment.
EEI’s current state findings were the foundation for a new Enterprise Financial Data model needed for critical client, party and account master data management functions.
EEI created a state-of-the-art design plan, process flow, and conceptual and logical data models to support the future state data foundation.
The EEI team helped the client transition from an account-centric to a client-centric model which lowered operating costs and improved the client experience. Also unified and enriched existing wealth management data while eliminating redundant and misaligned information.
A new operational data store provided mobile channel connectivity and will serve as a hub to migrate inefficient, disparate data silos creating significant cost savings over time.