Focus Solutions, the leading provider of multi-channel distribution solutions to the financial services industry, is pleased to announce that Bank of Ireland Life has successfully implemented focus:360° wealth management for its mass affluent advisers.
Bank of Ireland Life has rolled out focus:360° wealth management as its point of sale solution to the mass affluent. The solution, which is being utilised by its advisers across the bank's branch network from 24th August, includes branch based case management, personal and corporate factfinding, needs analysis and recommendations together with automated report and suitability letter generation.
The new solution has been integrated into a number of the bank's existing systems to ensure the seamless transfer of client data throughout the process and is envisaged to help Bank of Ireland Life advisers reduce administrative overheads and spend more time with clients.
Speaking on the project Dermot Murray of Bank of Ireland Life commented, "We are delighted with the focus:360° solution and how the Focus team have performed on the project. They have demonstrated great knowledge of the UK and Irish financial services markets as well as in-depth expertise of implementing wealth management solutions which has been invaluable in the project. We are very excited about how the solution will support our advisers now and in the future."
The next stage of Bank of Ireland Life's project is to enable straight through processing of applications and is due to go live later this year.