Dorsum Builds Wealth Management Platform for BNP Paribas in Poland

One of Poland’s leading private banks, BNP Paribas Bank Polska, will deploy a new digital portfolio management solution from FinovateEurope Best of Show winner Dorsum. The bank will implement the Hungarian software company’s Wealth Management Platform to help give its advisors and wealth management relationship managers comprehensive wealth reporting, MiFID II compliant advisory workflows, as well as investment portfolio advisory.

Director of Brokerage House at BNP Paribas Bank Polska Emilia Jakubiak emphasized that the wave of digitization that is transforming the financial sector is as critical for financial services professionals as it is for customers. “It is not enough to focus only on the client facing platforms,” she said. “It is also important to give bank relationship managers a highly advanced and ergonomic digital platform for their everyday work. Dorsum’s solution will assist us in further improvement of our services and customer experience. ”

Jakubiak noted that the enhanced portfolio overview and MiFID 2 alignment in particular would enable advisors to “dedicate more attention to each customer which will additionally support the growth of the business in the investment segment.”

BNP Paribas Bank Polska is a member of the international BNP Paribas banking group. The institution, founded in 2015 and known previously as Bank BGZ BNP Paribas, offers savings, investment, and financing products to individual clients, and participates in the financing SMEs and corporate enterprises need in order to operate both in the Polish and international markets. The universal bank is listed on the Warsaw Stock Exchange.

“We are very proud that we have been chosen by another very prominent player in the European market,” Dorsum CEO Róbert Kő said. “BNP Paribas Bank Polska has positioned itself as potential market leader in the Polish private banking sector by embracing growth and innovation.”

At FinovateEurope earlier this year, Dorsum demonstrated its My Wealth app, which combines traditional and digital advisory processes to provide clients with a broader, more comprehensive view of their investments. The app features a self-learning chatbot, automatic portfolio notifications, and news, and supports the ability to reach out to the client’s financial advisor via a variety of channels.

Founded in 1996 and headquartered in Budapest, Dorsum works with more than 80 financial institutions, serving clients in 10+ countries and more than 8,000 individual users. A leading software company in the Central and Eastern European (CEE) market, Dorsum announced successfully implementing the new integrated securities account management system for Takarék Group in April. In March, the company won the SME Top 100 Silver Award in the Service Providers category at the Best Engines of the Economy conference series.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateEurope Demo Videos Are Live!

Just in time for your weekend viewing, the demo videos from FinovateEurope 2019 are now available for free in our video archives.

Whether you joined us in London at the Tobacco Dock last month, or will be watching the show for the first time, we think you’ll enjoy our high quality videos of each company that took the stage.

As a sampler, here are the demo videos from the eight companies that won Best of Show awards at FinovateEurope this year.

CREALOGIX

Dorsum

Glia (formerly SaleMove)

iProov

Launchfire

PayKey

Voca.ai

W.UP

FinovateEurope Best of Show Winners Announced

The votes have been tallied and the people have spoken! Here are the winners of our Best of Show awards for FinovateEurope 2019.

CREALOGIX for its TimeWarp insights platform that enables banking customers to simulate various scenarios in their financial lives. Video.

Dorsum for its My Wealth solution for hybrid advisory processes in wealth management. Video.

Glia (formerly SaleMove) for its technology that creates digital-first moments that simplify and transform communications between businesses and their customers.  Video.

iProov for its solutions that assure the genuine presence of your user by leveraging controlled illumination with uniquely powerful anti-spoofing. Video.

Launchfire for its leadership in game-based employee and customer engagement for financial institutions. Video.

PayKey for its technology that bridges the gap between banks and social apps with a unique smartphone keyboard that enables frictionless access to key banking services. Video.

Voca.ai for its intelligent virtual assistant for call centers that enables businesses to reach their customers at scale with a personal, human touch. Video.

W.UP for its technology that transforms the way banks generate digital revenue and interact with clients through AI-powered experiences. Video.


Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The eight companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 through 2018 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017
FinovateSpring 2017
FinovateFall 2017
FinovateAsia 2017
FinovateMiddleEast 2018
FinovateEurope 2018
FinovateSpring 2018
FinovateFall 2018
FinovateAsia 2018
FinovateAfrica 2018

FinovateEurope Sneak Peek: Dorsum

A look at the companies demoing live at FinovateEurope on February 12 through 14 in London, U.K. Register today and save your spot.

Dorsum is a multi-award winning, innovative investment software provider. The company presents its My Wealth solution for AI-driven hybrid advisory model in wealth management.

Features

  • Clear and simple flow, making investments accessible to anyone
  • Ability to create your own thematic portfolio
  • AI-driven hybrid advisory model assisting a captivating user experience for clients.

Why it’s great
My Wealth’s “Easy Invest” feature brings the complicated world of investments close to everyday people – helping you to expand your investment services clientele.

Presenters

Imre Rokob, Director of Business Development
Rokob is responsible for the company’s expansion to new international markets.
LinkedIn

 

Gergely Csorba, Senior Expert
Csorba has worked in various leadership roles at Sberbank Hungary’s International Corporate Banking departments. He also served as product and project manager of digital services at the Hungarian Post, and later, as Creative Editor of the Communications department.

 

Agnes Bati, International Project Assistant
Bati has a profound knowledge of the entire software delivery lifecycle and performs a variety of analytical and project supporting tasks.
LinkedIn

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Dorsum Unveils My Wealth Mobile App

Budapest, Hungary-based Dorsum launched a new wealth management mobile app this week. The investment software provider’s new My Wealth mobile app helps customers better understand and review their portfolio holdings, as well as make new investments with just a few taps. The app leverages gamification and an education marketplace toolkit to ensure that customers remain well-informed about basic investment concepts and principles. My Wealth also features a self-learning chatbot as well as the ability to request a human financial advisor to take over the conversation, giving users the benefits of both AI and human advisory.

Imre Rokob, Director of Business Development at Dorsum noted that innovations like the My Wealth app are driven largely by a combination of a shift in investing preferences and the arrival of non-financial participants in the investment arena. “Present-day investors want to manage their portfolios on the go while staying in control in an efficient and intuitive way,” Rokob explained. “I’m very proud that our continuous effort to revolutionize our B2B software offerings has resulted in a digital innovation offering a unique wealth management mobile application with the right balance between intelligent automation and a human approach.”

My Wealth not only helps bridge the gap between AI and human financial advice. The technology also helps investors bridge the gap between their actual and optimal investment portfolios. When this occurs, the app provides customers with a list of potential investments the user could make that would help bring the actual portfolio more in line with the optimal portfolio. Users can receive personalized notifications and news on the app, as well as set up a meeting for a call or chat with an advisor. The solution works for both iOS and Android, and can be readily integrated into any wealth management platform or system. While designed for customers, financial advisors can use the app to keep in touch with clients and to send personalized notes and advice, as well.

“Our exceptional solution merges with the traditional advisory and the digital advisory process into a hybrid model,” Dorsum CEO Robert Ko said. “Our software meets the digital expectations of the younger generations, ready to fight with robo disruptors and boost performance of personal financial advisors.”

Dorsum demonstrated its Botboarding platform at the inaugural FinovateMiddleEast 2018 conference earlier this year. The technology, which won the company a Best of Show award last year at FinovateEurope 2017, creates customer onboarding chatbots that combine natural language communication with traditional data collection and user profiling.

In addition to its Botboarding platform, Dorsum offers a client acquisition tool that supports client engagement with vivid presentations and a portfolio calculator that provides instant financial planning simulations, as well as its wealth management platform. With subsidiaries in Romania and Bulgaria, Dorsum includes Raiffeisen Bank International, Erste Bank, and Generali among its clients.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.