UNIVERSAL BANKS
As a state-of-the-art integrated IT solution, the Monolith Digital Investment Banking Platform ensures that one system is sufficient to support all the activities of the different investment service areas which universal banks deliver.
The Platform's modular structure means that, besides supporting the entire investment service activity, it is also suitable for serving a sole activity or business segment independently.
SOLUTIONS
SALES
Bank SECURITIES BACK OFFICE
ACCOUNTING
TREASURY MID- AND BACK OFFICE
CUSTODIAN MANAGEMENT
PORTFOLIO MANAGEMENT
SALES
The Monolith Platform's Front-End module fully supports the sales process of investment products for all residential- and corporate segments, as well as institutional investor clientele, through all B2B sales channels (branch network, call centre, private banking, market sales).
The system:
- ensures full compliance with the regulatory requirements of MiFID II and ESG
- provides a systematic overview in 360° client portfolio view of clients’ products and services
- the real-time FIX-based interface enables transactions to be forwarded to different trading platforms (XETRA, Bloomberg)
- provides Management Information System (MIS) services for section heads and branch managers to measure the performance of the sales network.
The system is time-efficient and supports optimised sales processes with the following functions:
Minutes of the meeting
Minutes of the meeting are automatically prepared and searchable.
Ex-ante cost calculation
A real-time cost calculation is made before the transaction is concluded on the basis of the client's conditions package and transaction data.
Product Management
The target market for the bank's entire investment product range can be determined by means of the flexible, easily parameterised PGP engine.
Questionnaires
Flexible parameterisation of questionnaires enables them to be used not just to support the completion and evaluation of MiFID tests (suitability and compliance test), but also for other business purposes.
Product Information
A detailed product information portal is available with calculators.
BANK SECURITIES BACK OFFICE
The Back Office module ensures the management of both client- and securities accounts, as well as the registration and settlement of investment services transactions, in full compliance with EU legislation:
- settlement processes in accordance with effective CSDR EU regulations
- corporate event management in accordance with effective SRD2 legislation.
The system also accommodates the industry standards required for the settlement of economic events relating to different types of securities. The system provides:
- recording of transactions
- settlement of transactions with analytical- and general ledger account movements
- calculation of transaction commissions and fees by period
- preparation of client documents, including orders, confirmations, account statements, taxation statements.
A high degree of automation (STP) means less manual work is required in settling individual transactions, thereby both increasing efficiency and greatly reducing operational risk.
The easily parameterised built-in workflow control engine enables complex settlement processes to be easily set up, thereby significantly reducing product development time (time-to-market).
The system supports the comprehensive management of SWIFT MT and MX type messages:
- the system automatically processes incoming messages, thereby facilitating settlement of the relevant transactions without the need for manual intervention
- the system automatically generates outgoing SWIFT messages, automatically forwarding these to the SWIFT Alliance system.
Automatically prepared receipts may be sent by e-mail to clients and partners in an encrypted form, while SMS-based communication is also supported.
ACCOUNTING
The Monolith Platform provides both analytical and general ledger account management. The system is able to submit accounting items for investment services to the bank's general ledger system, either item by item or collectively for individual general ledger accounts.
The Monolith Platform's analytical- and general ledger registers fully support financial institutions' IFRS9 compliance with respect to the entire spectrum of asset- and liability (corporate bonds) securities.
Accounting portfolios (trading, held to collect, held to collect and sell) can be managed separately as provided by law. The system also supports the execution of daily market price revaluation and daily accrual interest accounting for own-account securities portfolio.
The Monolith system records the results of SPPI tests, and can also manage short positions and negative interest rates.
The system also enables the use of different kinds of evaluation methods, as well as a combination of these:
- market price or fair value assessment
- depreciation of investment bonds by effective interest rate (EIR).
The Monolith Platform also supports consolidation of asset- and liability portfolios within the company group.
TREASURY MID AND BACK OFFICE
The Treasury Back Office module supports the registration and settlement of the investment services transactions which the Treasury delivers:
- FX spot, forward, futures, swaps, options
- Interest rate swaps
- Options
- Buying and selling bonds, and repo transactions
- Equity orders from institutional clients.
CUSTODIAN MANAGEMENT
The Monolith Platform’s Custodian Management module provides an IT solution to support custodian management services for investment funds and pension funds with, among other things, the following functionality:
- regular portfolio evaluation and net asset value calculation
- checking of stock- and investment limits as stipulated by the effective legislation and/or defined by the client
- monitoring and settlement of corporate events relating to companies issuing those securities included in the portfolio.
PORTFOLIO MANAGEMENT
The Avantgarde+ portfolio management module developed according to needs of the present time provides the opportunity:
- to define model portfolios corresponding to different risk categories
- to synchronise the composition of the client portfolio completed by the investment advisor and the model portfolio assigned to the client
- to generate consolidated orders by means of portfolio synchronisation and to automatically allocate completed transactions.