In April 2019, DBS engaged investment software specialists Edgelab – whose risk engine technology helps banks measure market risks – and Accenture Wealth Management to develop and deliver such a platform, all within a six-month timeframe.
Alongside Edgelab, teams from Orbium, an Accenture company acquired in 2019, began by examining the bank’s existing wealth advisory offering, paying close attention to its comprehensive portfolio and reporting methods.
It quickly emerged that the diversity of the product coverage and the accuracy of the risk methodology were extremely important to the bank, and any new solution would need to both support and enhance these elements. As a result, the teams paid particular interest to assessing the overall impact of derivatives, structured products and multi-asset class funds on client portfolios. The new solution would need to bring together these diverse products and integrate them with the bank’s core banking platform, Avaloq.
With our proven project delivery capabilities and exhaustive Avaloq knowledge, Accenture was the natural partner for the project and appointed as system integrator – responsible for building the end-to-end interface between the bank’s Avaloq system and Edgelab’s new advisory solution. A cross-functional team of subject matter advisors, business analysts and platform specialists was brought in to work with DBS and Edgelab to successfully design the new solution.
Within this challenge our teams worked hard to improve the existing client reporting with more comprehensive risk information. To do so our subject matter advisors, business analysts and platform specialists worked with DBS and Edgelab to successfully deliver functional validation, solution design, configuration, quality review and solution delivery.
