TietoEVRY WealthMapper Modular platform to create and launch best-in-class services at speed Overview

The consumers are looking for simple and easy-to-use platforms to handle their every-day financial issues. Still, in this highly digitalised world, a solution that holistically connects the different financial matters from asset management to and loan handling is missing. We at TietoEVRY believe that the financial service providers that will be able to educate their customers about the changing environment are the ones who will win trust. WealthMapper is our open ecosystem powered full stack platform for helping our customers support their end customer journeys in the easiest possible manner.

What is WealthMapper? WealthMapper empowers

WealthMapper is a holistic and comprehensive enterprises to: wealth management platform that can deliver 1. Start a greenfield wealth management start-up end-to-end services from flexible consumer in less than 100 days frontends to robust and market leading back- office solutions. 2. Have a full-service wealth management platform provisioned as a service

For a financial service provider, it enables 3. Have access to the best-in-class ecosystem accelerating ambitions for growth via pre- partner solutions pre-integrated in a integrated best- in-class solutions and services. modular format. For a consumer, it is a tool to for transparency, accessibility and actionability towards 4. Helps you grow e.g. through new consumer their finances. segments or new geographies. Our mobility- first approach helps you reach out to the next- WealthMapper uses a Software-as-a-Service gen consumers like never before. Utilising the (SaaS) implementation and deployment model PSD2 regulation in Europe, the WealthMapper and leverages cloud offerings to be fast off the enables easy integration of the banking APIs block. It involves using ready-to-use wealth connecting all the users accounts in a management components, in a pay-as-you-use single comprehensive view. mode, which allows financial service providers 5. Be it goal-based savings, financial planning, to scale without large capital investments. This unit-linked , robo-advisory, automatic model can be applied at an infrastructure, a portfolio rebalancing or micro-savings you want platform, and application or a business to offer to your consumers, it takes mere weeks process level. for you to go live!

It is easy to choose the accelerators on the 6. The architecture allows to both plug-in and platform to create the perfect solution for your plug-out of the modules and accelerators via market or consumer needs. You can integrate it APIs and microservices ensuring an evergreen IT with your existing IT landscape, or you can take a landscape. The partner ecosystem is constantly stand-alone digital-only approach. upgraded with new solutions and you can efficiently test out your business and technical hypotheses. How does it do it? 4. Micro-savings: Customers can automatically save small amounts to increase savings or 1. Use of out-of-the-box wealth management investable funds incrementally. Methods like capabilities, standard industry interfaces and “Percentage add”, “round-up”, “systematic readymade templates investment plans” are supported with smart transaction categorization and 2. Flexible solution that requires minimal coding, local integrations. enabling a high level of customization 5. Holistic portfolio management: Providing a 3. Standardized Service Level Agreements (SLA) holistic view on your assets, investment and for financial service providers insurance portfolios

4. White-label and Omni-channel UX that 6. Family portfolio management: Manage the allows you to include your own branding and whole family’s portfolio in one place preferences ensuring the best user experience for your customers. 7. Consumer loan handling: Applying for and managing loans as part of a consumer’s total wealth Business features to ensure 8. Mortgage management: Onboarding and transparent financial managing your mortgage including a view on management for the the status of your loan, upcoming payments, payment schedule and interest rate and consumer enabling changes to the terms.

1. Goal-based savings: Empowering consumers 9. Monitoring & Compliance: Pre-integrated to determine specific savings goals and helping solutions for reporting, monitoring and them reach the targets in set timelines by regulatory compliance (Mifid II, KYC and other). utilising goal-based strategic planning and 10. Data-driven customer experience: Enabling goal-based investment decision-making. financial service providers to gather all Leveraging institutional investment risk mandatory data and use additional data management expertise to translate consumers’ sources to increase the knowledge about personal goals into an optimal financial plan consumer behaviour and give better and monitoring these goals over time. investment advice. Enabling scenario and 2. Financial planning: 11. Unit-linked, Life and Pension insurance: risk analysis for investments and savings and Wealth and insurance instruments including providing a comprehensive view on financials to savings accounts, unit-linked insurance better manage personal finances. + Transaction products, pension and life insurance products categorization 12. General and Health Insurance: Hedging risks 3. Automation and Hybrid advisory: Solutions for consumers’ assets and health via full-stack like robo-advisory, automatic portfolio granular insuranceplatform rebalancing and AI empowered chat integrated (Insurance-in-a- Box). with traditional advisory solutions and integration tools create a seamless experience for the consumers. What about the costs? What are the triggers for

WealthMapper ensures efficient cost control and adopting the WealthMapper management throught pricing models most suitable approach? for financial service providers. There are several pricing models to choose from: flat rate, usage Several challenges act as obstacles to trying out based, tiered, user count and component- / feature- new ideas, testing different business hypotheses based, AUM-based and transaction-based. and exploring disruptive opportunities and achieving growth. Here’s our view of the triggers for adopting Enterprises can choose the most suitable pricing our approach. model or a combination of models to sync with their revenue streams and enable efficient cost • The legacy elephant requires a simplified management. By moving to a ‘rental model’ and solution that allows freedom to innovate thereby avoiding upfront capital investments, scarce • The technological and distributional disruptions capital is freed up for more profitable uses. are opening new windows of opportunities

The plug-and-play mechanism facilitates • The cost of ownership creates a demand for faster incorporation of the latest technological open ecosystems and services innovations, so that these can be utilised to • Time to utilise technology needs a flexible and generate more revenue streams. Moreover, modular approach to test out your components that are not needed can easily be hypotheses efficiently plugged-out to ensure an overhead free IT landscape. • Time-to-market is a challenge that needs overcoming

• Leveraging niche opportunities with new challengers entering the market is a must-do

• Statutory framework changes are constantly creating compliance gaps

To sum it up, WealthMapper is without a doubt an idea whose time has come. The benefits of this concept far outweigh the costs. Procrastination is no longer a choice – there are existential issues involved here. How does WealthMapper work?

WealthMapper consists of core wealth management and asset management platforms, providing all needed functionalities from advisory and sales to settlement and safekeeping. In addition, it contains a set of carefully chosen partner solutions, which are pre-integrated to minimize time-to-market. Integration and automation capabilities enable fully automated processes and all functionalities are exposed to the external world via easy-to-use APIs.

Digital Channel Services Mobile Applications Customer Interfaces Intermediary Interfaces Bancassurance Interfaces

API Management Services Core Solutions

Insurance Platform Wealth And Asset Mannagement Platform IntegrationLayer (ISB)

Supporting Solutions Reporting & Local Market Compliance & Risk Advanced Analytics Fraud Management Monitoring Gateways Cloud Customer Automation & Digital Signatures Loan Management Solution X Engagement Robo-advice

Value Adding Services and APIs Transaction Vehicle Telematics Health Telematics Micro-savings categorization Open Banking Goal Based Onboarding Financial Planning Social Media Service / API X Savings

Contact us

Sameer Datye Head of Insurance & Wealth Solutions Insurance & Wealth Solutions, TietoEVRY

+358407166492 [email protected] TietoEVRY creates digital advantage for businesses and society. We are a leading digital services and software company with local presence and global capabilities. Our Nordic values and heritage steer our success.

Headquartered in , TietoEVRY employs around 24 000 experts globally. The company serves thousands of enterprise and public sector customers in more than 90 countries. TietoEVRY’s annual turnover is approximately EUR 3 billion and its shares are listed on the NASDAQ in and Stockholm as well as on the Oslo Børs. www.tietoevry.com