NEC launches 3 finance solutions to tackle FinTech challenges in Thailand

By Gloria Mathias

NEC Corporation (Thailand), an IT consulting company, has announced 3 digital finance solutions that will enable the financial industry in Thailand to modernize and cope with the FinTech challenges.

The three solutions include Wealth Management Solutions; a Sales Engagement Module; and a Universal Lending Platform and were showcased at the Bank of Thailand (BOT) Digital Finance Conference 2023.

NEC worked with Avaloq, an NEC company providing wealth management technology, and BlackRock, a provider of financial technology, to develop a dashboard that enables efficient asset management by providing risk level assessment to allow their customers to make more informed portfolio decisions based upon satisfactory return estimates.

Ichiro Kurihara, President of NEC Corporation (Thailand) Ltd said, “NEC is committed to helping Thailand’s financial institutions of all sizes to embrace digital technologies to reshape the future of their financial services.”

He added, “Although the global investment in fintech in 2023 is lower due to the economic slow-down, fintech investment still remains positive in the long term and its market is expected to grow, especially in the Asia region.”

Wealth Management Solutions (by Avaloq) is an intelligent automation platform designed to allow wealth managers to organize, track and analyse the investments of their clients to achieve investment goals with features covering portfolio building and discretionary mandate management.

Sales Engagement Module increases communications efficiency between consultants and their clients through a secure, seamless, and encrypted conversation via online channels such as LINE, WhatsApp, and Facebook Messenger. With this system, the clients can ensure that their conversation data will be protected and can be always tracked back.

Universal Lending Platform aims to improve loan management and help financial organizations offer loan services more productively. The platform modernizes the entire loan offering process from front-end to back-end systems.