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Over the last decade financial services firms have enjoyed a 15% return on equity compared to 8.7% for the average company. But challenges in areas such as global competition, erosion of profitability in the trading and advisory lines of business, an increasingly complex regulatory environment, geopolitical factors and increasing customer demands, are threatening this trend. At the same time, operational expenses including customer acquisition and IT maintenance and development costs are rising.

The issue is partially one of technology. Today’s systems and processes for asset management, foreign exchange trading, regulatory compliance, risk management, and settlement are siloed, rigid, proprietary, and desktop-centric. They simply do not support the ability to perform the complex tasks, processes, and analyses that customers are expecting in today’s global marketplace.

With Nexaweb, financial services firms such as Bank of Tokyo Mitsubishi, Mizuho Bank, Jefferies & Co., and others have:

Increased Productivity

• Improved customer experience through business process transformation
• Deployed centrally managed apps to support enterprise-wide risk management framework
• Enhanced traders’ desktop by providing all the tools needed in single web-based app

Improved Efficiency

• Built operational apps for easy deployment to both U.S. and offshore sites
• Integrated apps and analytics for holistic view of customer
• Built collaborative apps which promote “trusted advisor” role

Become more Agile

• Improved information access = competitive edge
• Unleashed the power of analytics by integrating legacy, CRM, & BW systems
• Re-used existing IT assets rather than “Tear Down and Rebuild”  

Results from the Field

 
Bank of Tokyo Mitsubishi built a FOREX Trading System with Nexaweb - Download Now
 

 
Jefferies & Co. Inc. used Nexweb to centralize critical spreadsheet applications
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