Alnova Financial Solutions

Growth is firmly back on the banking agenda, and banks will rely on their IT systems and software to help them achieve the performance improvements required in a highly competitive industry.

According to Accenture's market analysis, the next generation of high-performance banks will exhibit three core attributes:

• Differentiation on the outside: Offering innovative products that surpass the competition.
  
  
• Simplification on the inside: Running on a more streamlined platform than peer systems.
  
  
• Execution mastery: Showing both strategic and day-to-day operational excellence.

Alnova Financial Solutions™ is Accenture's state-of-the-art custom banking solution. This cora banking platform covers all aspects of universal banking; it handles traditional business products as well as products designed for wholesale banking and wealth management, all in an integrated, browser-based environment that crosses multiple delivery channels. Leveraging market-proven technology, this scalable solution allows banks to achieve high performance today, and in the future.

A three-tier technological banking platform, Alnova Financial Solutions is flexible, allowing clients to tailor it to their individual environments. Running on Mainframe, Unix and Microsoft .NET platforms using the most widely known databases (DB2, Oracle, SQL Server, etc.), the architecture is designed to align with service-oriented architecture (SOA) principles, including business processes and interoperability, service location transparency, and standards-based implementation via Web services.

Using the proven capabilities of Accenture's Alnova Financial Solutions, more than 110 bankers around the world are increasing customer acquisition and loyalty, reducing the time to market for new products or enhancements, improving their businesses and applying their brand management or multi-channel integration strategies to achieve high performance—all at minimum risk.

Related Client Successes

Accenture is helping add to the wealth of Caixa Catalunya's customers and shareholders through the implementation of Alnova Financial Solutions.

Related Research and Insights

Find out about the future strategies of retail bankers, based on a recent Accenture survey.

The Point: The High Performance Bank

Contact us to find out how to achieve high performance through implementing Alnova Financial Solutions.

Alnova Financial Solutions is a trademark registered and a product owned by Alnova Technologies Corporation, an Accenture subsidiary.

Alnova Financial Solutions™ is the outcome of Accenture's deep knowledge of banking and decades of experience in helping leading banks achieve high performance.

Whether your financial institution needs volume scalability (from a few thousand to more than 10 million customers) development flexibility, speed to market, real-time processing or requires a centralized or decentralized business model, Alnova Financial Solutions can help you achieve your business transformation goals.

The modularity of Alnova Financial Solutions allows for a full implementation of the global suite or single module integrations to existing legacy systems for specific business units or distribution channels.

Accenture’s state of the art Alnova Financial Solutions enables banks to achieve high performance through:

• Attaining profitable growth by responding to shareholder and customer demands. Accenture clients can increase cross-sell rates, with each client buying six products as compared with the market average of two.
  
  
• Improving cost management by dramatically reducing IT and personnel costs and increasing cost efficiency. For example, banks can save up to 20 percent in their human resources costs.
  
  
• Supporting international expansion by standardizing IT systems and sharing Accenture´s proven experience. Persuasive evidence is the fact that five of the top 25 banks by market capitalization rely on Accenture Alnova Financial Solutions for international expansion.
  
  
• Mitigating risk when tackling new challenges by leveraging Accenture's commitment, diverse suite of offerings and alliance relationships to better manage risk.

• Alnova Financial Solutions for core banking: Technological bank platform to simplify and industrialize core banking and achieve high performance.
  
  
• Alnova Financial Solutions for customer relationship management: Technological bank platform to deliver a differentiated banking customer experience and achieve high performance.