Advisory the Platform for investors

2019

The platform presentation for consolidation of data from different banks

On June 6, 2019 Sberbank Private Banking submitted the platform for the analysis and consolidation of portfolio data in different private banks of the world in a single window. The innovative solution developed by the Swiss fintech-company allows clients whose investment portfolio is diversified in different banks, to see the broad picture of the assets.

Data are transmitted only with the consent of the client — through open API and cloud computing which are widely applied even in such conservative and closed industry as private banking today. For connection to the platform it is necessary to be registered in a system, to receive an account and to issue consent to data transmission in a system in all banks which client he is.

The banks of the world conducting private, including Julius Bar, UBS, Credit Suisse, Rothschild, HSBC, Pictet and many others are already connected to the platform. Sberbank Private Banking the first in Russia provides this service to clients.

The consolidated data on the client's portfolio from different banks arrive daily via a secure channel with observance of the most strict security measures. All information not only is ciphered, but also is stored in anonymous form. The platform and all data are placed in the data-centers Swisscom and Microsoft which are checked more than 40 times a year and correspond to certificates of ISO and SOC. For each client the selected database providing complete isolation of information is created. The platform corresponds to the legislation of the EU (regulations on common defense of data).

The solution does not require installation of special programs and setup. The data access is possible from any device connected to the Internet: computer, notebook, tablet, mobile phone. The interface allows to carry out efficiency analysis of distribution of means, control indicators, financial risk managements and investment reference points. A system gives the chance to analyze a portfolio from the different parties: on asset classes, geography, currencies, risk level.

Beginning of development of the platform

On March 5, 2019 the division of Sberbank of Sberbank Private Banking and Refinitiv company announced the beginning of development of the platform on the investment consulting. The digital technologies supplementing examination of investment advisors and analysts automate processes of formation and maintaining client portfolios and also will increase effective management of investments, developers claim.

As noted in Sberbank Private Banking, the developed platform will integrate three data arrays: market information of Refinitiv company, examination of specialists in investments of Sberbank Private Banking and up-to-date data on the client's portfolio. Implementation of modern technological solutions will allow Sberbank Private Banking to conform to standards and requirements of the Central Bank of Russia regarding regulation of activities for the investment consulting.

According to information provided by the developer, the first stage will be started in the middle of 2019. Investment advisors will be able to analyze up-to-date information on each client: profitability and detailing of financial transactions to carry out stress tests and also to compare the existing portfolio to model portfolios and to offer rebalancing if necessary. Thanks to the automated analysis of the platform investment advisors of Sberbank Private Banking will be able to offer clients of bank system approach to formation of individual strategy.

In 2020 at the second stage of the project it is going to expand possibilities of the platform that will make it available to clients for the independent analysis. After start of the third stage on the platform it will be possible to perform a full stroke of management of an investment portfolio — from viewing and portfolio analysis before purchase and sale online.

According to the statement of the developer, the platform on the investment consulting will become the convenient analytical tool which will make investment process more transparent and structured, will allow to apply uniform approach to consultation of clients of Sberbank Private Banking taking into account their individual investment preferences. Using this tool clients of bank will be able visually to estimate different scenarios of management and structuring a portfolio.

"Digitalization came also to such segment, sensitive to a human factor, as Private. We are sure that the created technological platform will become the effective tool strengthening examination of bankers and investment advisors. Implementable improvements will help to bring service of the investment consulting of clients to higher level". Evgenia Tyurikova, head of Sberbank Private Banking

"Our technological solutions will allow Sberbank Private Banking to carry out business process reengineering and to pass to completely digital control with client portfolios. What as a result will improve client experience due to quick response to market changes and more personalized and pro-active service — with all transparency which is required by regulators". Antonio de Gregorio, the managing director of Refinitiv in the countries of Central and Eastern Europe, Russia and the CIS