Our Services & Solutions

Many asset management services providers are still constrained by the legacy of acquisitions, multiple technology platforms, lack of integration, and high level of customized manual task.

Some technologies are dated decades. Some organizations are still using faxes as instructions. Many of the tasks, especially back-office and mid-office ones are actually repeatable. They are manual and cost inefficient. There are also regulatory policies and compliance framework to follow, impacting the improvement of tools and processes in the company.

Technology has evolved but the industry has failed to catch up. It is a tangible opportunity to use automation to create efficiency and reduce costs.

As a leading fintech company, Petraware Fintech is always on the lookout for disruptive technologies. One such technology is Robotic Process Automation (RPA) because it offers enormous potential for asset management industry in increasing efficiency, improving quality of client service and reducing risk. Statistics show that it can reduce staff headcounts while reducing costs.

RPA is a set of business process automation software that performs business processes by mimicking the way humans interact with software to perform high-volume, repeatable tasks.

Asset management is a good area for RPA application because substantial components of it are rule-based, electronically readable, of high volume transactions, stable & structured processes, and unpredictable frequency.

RPA has many benefits that are ideal for asset management:

• Gather and validate data with accuracy
• Record, monitor, detect, and report
• Automate calculation and statistics
• Learn human feedback and anticipate outcomes, when used with artificial intelligence (AI) technology

RPA uses software-based ‘robots’, also called ‘bots’ that could self-learn by integrating with artificial intelligence (AI). For example the rob can recognise unstructured data, perform text analysis, and learn from human behaviours by interacting with on-screen forms, documents and images.

AI allows RPA to

• Understand the meaning from natural language inputs, providing a better and more personal experience for both the customers and employees
• Perform more cognitive tasks rather than simple routine processes which require minimal thinking or decision-making
• Transfer basic automation into more complex automation by integrating a ‘thoughtful’ response into the workflow

As such, Petraware Fintech has put in place RPA with AI as part of its services innovation roadmap in order to enable your business to automate more complex, end-to-end processes, and at the same time, integrate insights into these processes, helping your team to work smarter and faster than ever before.

An upcoming portfolio of solutions by Petraware Fintech is based on the usage of blockchain for asset management. The foundation of the blockchain solution is the creation of unique digital representations of assets that go beyond traditional financial instruments, and which enable our clients to trade any kind of asset with more liquidity and speed, at lower cost.

Basically a blockchain is a distributed database that are shared by all participants in the business network, for recording transactions made, their amounts and the addresses of the participants. Such transactions include digital assets and instruction settlements, which are encrypted for data security. This allows the sharing of information without compromising confidentiality.

Blockchain technology provides a secure, and scalable platform with risk and compliance programs, to reduce the friction involved in the creation, buying and selling of assets. This reduces complexity, risk and cost through simultaneous asset transactions on a distributed digital ledger, also called a blockchain.

Blockchain for asset management enables asset tokenization, both for fungible and non-fungible tokens. This means that blockchain can provide our clients highest level of security, performance, stability and openness, due to its resilience and immutability.

An important trait is that it facilitates movement of assets between parties in full transparency, because all the transactions relating to an asset are auditable and verifiable. Since the transactions In asset servicing such as the funds are sold directly to investors and recorded on the blockchain, the transfer agent doesn’t need to monitor them.

Highlights of benefits:

• Securely connecting capital and service providers across the digital asset ecosystem to remove barriers to business
• Reconcile transactions and order processing
• Streamline back and middle office work including risk reporting, securities settlement and know-your-customer (KYC) activities.
• Makes trading and post-trading processes more efficient, and improves compliance and regulatory control

Hence, Petraware Fintech has plans to use blockchain in the interest of our clients.

Petraware Fintech firmly believes in being the leader of the pack. As the industry continues to shift towards technological innovation and digitization globally, cloud-based technology forms the foundation of many technology and digital inftrastructure. In fact, it is displacing established business models, traditional IT operations and typical financial strategies.

Substantial number of organizations store data and information across many servers and machines in isolation, making it painful and time consuming to find the information needed to perform tasks. There is a real need to have more than one server or IT location to store sensitive and important information regarding asset management and financial investments.

Cloud computing enables greater centralization of data, making it easier to obtain the required information especially time-sensitive data. It helps with creating more accurate inventories and records to optimize the storage of data and information.

Cloud computing eliminates the need for external equipment which results in a reduction of operational costs. An important aspect is the backing-up data. Data backup ensures the security of a company and its clients’ information in the event of a natural disaster, sabotage, hacking or system failure. In such events, data recovery is much faster and prevents loss at a much greater scale.

A costly and big IT department is not required with the deployment of cloud computing, reducing the footprint of digital infrastructure and streamlining the asset management processes. Daily productivity also increases. As such, cloud computing improves cost efficiency and improves cost effectiveness.

As transactions increase, traditional IT servers undergo stressful workloads to handle the greater amounts of volume and data. Cloud computing provides the needed scalability by being more flexible in scaling up, and in scaling down during off-peak periods. This minimize risks of overloading and optimizes the maintenance of the digital infrastructure.

Cloud computing improves accessibility, by permitting authorized personnel to access secured information from any location at any time. This greatly improves a company’s overall workflow and readiness to respond to issues faster. In parallel, it reduces the administrative overhead costs for information access.

Petraware Fintech is moving to the direction of offering cloud computing services and solutions for asset management because we wish to improve client user experiences. This focus on the customer is vital for developing a solid and loyal client base. As an advantage, it will allow our clients to be the forefront of their competition and give their own clients with the latest services and user-friendly experiences possible.