presentation te for banks englishtariffeye.com/docs/tariffeye presentation.pdf · front office back...
TRANSCRIPT
![Page 1: Presentation TE for banks englishtariffeye.com/docs/TariffEye Presentation.pdf · FRONT OFFICE BACK OFFICE Leads to visibility of the net performance. 5 PARADIGM SHIFT IN WEALTH MANAGEMENT](https://reader034.vdocuments.mx/reader034/viewer/2022042110/5e8a716da607b6774702cc1d/html5/thumbnails/1.jpg)
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Tariff Eye
Business Intelligence Integrated Software for: forecasting, simulations,comparisons, analysis, margin optimization, communication &
reporting of banking fees, and cost savings in theprivate banking environment – to meet present day needs
Product presentation
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AGENDA
• Introduction
• Paradigm Shift in Wealth Management Sector and the present day needs of the Market
• How Tariff Eye meets customer / market needs
• Product demonstration
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OPTIMIZATION OF BROKERAGE FEES FOR YOUR CLIENTS
A typical customer scenario could be: a customer would like to know what fees would be charged for the management of his/her portfolio.
• Some data about this customer’s Portfolio:
- Total wealth: CHF 60 MILLIONS- Ventilation, investment profile, strategy, etc …
- Tariff Eye allows you to:
• Know the customer’s management costs• Establish a transparent fees estimation for the customer• Master special tariff conditions such as discounts• Keep track of fees / costs information concerning the customer (History)
• Bottom line:- Provides easy-to-use “dashboard” to drive different investment scenario simulations
Practical case study
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TARIFF EYE CREATES VALUE AT DIFFERENT BUSINESS INTERFACES THROUGHOUT THE PRIVATE BANKING VALUE CHAIN
Tariff Eye
Practical case study
Client Advisor Bank
Needs analysis with the advisorDetermination of the management profile
Detailed reporting by the advisor
Pricing analysisBenchmarkingMargin analysis
Comparison of tariffs from multiple banks
Client data acquisition in Tariff EyePrecise computation of the fees
charged to the client
FRONT OFFICE BACK OFFICE
Leads to visibility of the net performance
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PARADIGM SHIFT IN WEALTH MANAGEMENT
Market Perspective
• Paradigm Shift: A new category of more stringent needs from clients
• Clients are much more sensitive to service transparency and are looking for better value
• “ … customers are becoming more concerned by tariffs and prices. It is a new concern that tends to be of greater importance than the service offer itself …”
• Consequence: Mastering tariffs and special conditions (exemptions and discounts)
• Precise control over special conditions offered to the clients (reducing risks of unprofitable offers)
• Mastering complexity of offers
• Mastering the heterogeneity of tariff methods through a standardized process / method
Excerpt from « Study of Boston Consulting Group », La Tribune 3 February 2005
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TARIFF EYE OFFERS VALUE FOR: THE MANAGEMENT, THE SELLING SIDE, AND THE BACK OFFICE OF A PRIVATE BANK
Market Needs
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TARIFF EYE’S “WHEEL OF MARGIN OPTIMIZATION” COVERS THE WHOLE FEE / MARGIN LIFE-CYCLE OF A PRIVATE BANK
Field of Application
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TARIFF EYE CAN BE USED AS THE COMMON DENOMINATOR FOR AN INTEGRATED TARIFF, COST CONTROL AND REPORTING SYSTEM
Target Audience
• Private banking division head
• Issuing guidelines for tariffs and margins in the private banking division
• Communicating the tariffs and margins with an unambiguous method to product developers and internal asset managers
• Clear, undisputable way of getting the aggregated margins
• Marketing Department
• Designing the tariff component of private banking products with focus on margin optimization• Within the given guidelines
• Competitive Analysis
• Asset Manager
• Fee pre-calculation on a deal-by-deal basis
• Fee / margin simulation of individual offering based on the stipulated guidelines and client’s tolerance threshold
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TARIFF EYE CAN BE USED AS THE COMMON DENOMINATOR FOR AN INTEGRATED TARIFF, COST CONTROL AND REPORTING SYSTEM
Target Audience
• Back-Office
• Post-calculation of deal-value
• Settlement of Portfolio revenues / costs / margins per asset manager over a period of time
• Reporting of portfolio revenues / costs / margins
• Head of asset manager team
• Verification of post-calculated deal-value
• Aggregation of settled portfolio revenues / costs / margin per asset manager and/or team
• Communicating aggregated figures to division management
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DEMONSTRATION
• Demonstration of the following main features of the software:
• Simulation
• Comparisons
• Structure of a tariff within TARIFF EYE
• Analysis
Product demonstration
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CONCLUSION AND THE BENEFITS
• Integrated application that helps the whole private banking organization to manage private banking tariffs, costs and margins internally, such as:• define, • calculate, • analyze, • simulate, • settle,• compare• and communicate
• Application that can provide a powerful competitive edge on the selling side
• Sales Tool for pre-calculation of individualized offers in acquisition phase
• Swiss built application with proven track record in Switzerland (No. 1 Private Banking market worldwide) and a Swiss Solutions Integrator with a successful track record within the financial sector.
Conclusion
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OPERATION
Operation
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SIMULATION
Operation
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ClientData
(Portfolio Information)
MARGIN CONTROL
Tariff Eye OutputInput
• Margin control• « No-loss » negotiation
Client’s tariff
Internal costs
Income
Costs
Simulation
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COMPARISON
Operation
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BENCHMARKING
Fees ABank A tariff
ClientData
(Portfolio Information)
Bank B tariff
Bank C tariff
Fees B
Fees C
Tariff Eye OutputInput
• Competitor’s analysis and surveillance• Marketing arguments
Comparison
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COMPARISONS - HOW TO DO THEM?
• All banks have :
• Similarities• Administration fees• Management fees• Transaction fees• Investment types (bonds, equities. funds, etc.)
• Singularities• Geographic location• Marketplaces• Types of funds• Industry segmentation (ISO), etc.
Comparison
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COMPARISON IN PRACTICE
Comparison
Similarities Singularities / Specificities
Geographic locations Type of fundsAdministrationManagementTransaction
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COMPARISON IN PRACTICE
• Our software offers a choice between different comparison matches ordered by their level of accuracy
Comparison
Client Portfolio(Reference)
AlternativeTariff structured
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ANALYSIS
Operation
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ClientData
PRICING MODIFICATION
Client’s tariff Fees
FeesClient’s modified tariffTariff
Modification
Tariff Eye OutputInput
• Preview of the impact of a given tariff modification• Pricing analysis
Analysis
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TE CAN INTEGRATE SEVERAL SOFTWARE SYSTEMS IN ORDER TO COVER THE WHOLE LIFE-CYCLE
Costs Fees (Revenues)
Plan
ned
Cur
rent
TE
AccountingAccounting PortfolioPortfolioMgmt. Syst.Mgmt. Syst.
Revenue PlanningRevenue PlanningBudgetingBudgeting
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TARIFF EYE CAN BE DEVELOPED FURTHER IN LINE WITH MARKET NEEDS – THE PRODUCT ROADMAP
• A data base of reference tariffs of other financial institutions:• For benchmarking purposes• Periodic updates (e.g. 4 times per year)• On a subscription basis
• Implementation of retrocession price components:• Very easy to be implemented because this price component is fully inline with
Tariff Eye’s internal computation model• Will be investigated carefully (product political issues involved -> does this break a
taboo? do our clients really want to open this agenda?)
• Streamlining the tariff-calculation engine:• Implementing a high-volume option for calculation of mass-data
• Extended Aggregation / Reporting capabilities
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FOR MORE INFORMATION, PLEASE CONTACT
Pierre-Mikael LegrisAv. Marcelin, 18BCH-1110 [email protected]+41.76 576 65 35