Korea's Kookmin Bank has selected Finantix's multi-channel wealth management application for Gold&Wise, its new private banking business.
Finantix says its Java-based OneWealth system enables one-to-one client management and comprehensive financial planning.
The first phase of the implementation was completed in four months, allowing Koomin Bank to launch private banking business. The bank expects the solution to be fully deployed by the end of March.
Ralf Emmerich, CEO, Finantix, adds: "OneWealth's rich functionality will help the bank implement a highly professional advisory process. Our flexible and scalable J2EE technology will allow us to quickly expand operations in the coming months."