Objectway, a leading provider of investment management and digital software solutions to the worldwide financial services industry, today announced the release of ILLUMAS 1.1.
Two years after its launch, this new version of ILLUMAS is designed to answer to the new challenges and increasing complexity currently facing the Private Wealth Management Industry.
ILLUMAS 1.1 is immediately available to the market, as it has already successfully gone live at one of our major customers.
The new version implements an innovative concept of integrated platform supporting the complete front-to-back digital investment management process, from onboarding to ongoing client servicing through six components.
ILLUMAS Digital experience, based on a customised version of Conectus, enables a coherent and functionally rich user experience for clients, agents or advisors.
The Portfolio manager component relies on a customised version of eXimius to provide portfolio management features, extended to connect to several new execution platforms, to enhance the compliance module and increase the processing of big orders volumes.
ILLUMAS CRM leverages on Client Engage to manage the whole on-boarding process through a compliant set of defined stages, such as gathering data, suitability review and mandate setting.
Furthermore, the Investment Operations component sunsets and replaces the rhymeSIGHT product with a fully integrated, seamless accounting and administration system supporting middle and back-office investments operations. A set of new features improves the navigation and user experience thanks to the opportunity to ‘favorite’ many different items and through simultaneous and multiple application access.
Two brand-new components enrich the solution.
ILLUMAS Business Reporting retrieves information directly from production data, enabling investment managers to make decisions based on real-time analysis, customisable according to specific requirements.
The Expat platform is designed for offshore investments administration firms that want to provide a digital platform to Expat IFAs, to onboard a new client and manage new business applications on a diverse range of offshore services with a paperless digital process. The multi-currency, 24/7 online access platform supports the business for expats from any country in the world.
“With ILLUMAS 1.1 we allow our customers to make substantial improvements in operation processes and efficiencies, while providing a certified and fast information flow throughout the key front, middle and back office functions enabling their digital transformation,” affirmed Alberto Cuccu, Chief Client Solution Officer of Objectway. “The new version of ILLUMAS offers a very intuitive user experience and a user-friendly navigation. The seamless real-time flow of information between the different components enables all stakeholders - clients, advisors, portfolio managers and operations - to run their business and digitally collaborate with the others, downsizing the increasing complexity of the industry.”