Capita launches SaaS investment research tool – Synaptic Risk Explorer

By Megha Bhattacharya

Capita announced the launch of a software-as-a-service investment research tool for financial advisers and wealth managers – Synaptic Risk Explorer. The tool aims to provide suitable investment planning for their customers. Risk Explorer offers a solution that combines data from external sources and ‘visualises’ investment outcome projections, demonstrating the relationship between investment and risk.

Stephen Ferry, managing director of Capita’s Synaptic Software, said, “Risk Explorer was developed by combining our software capability with our digital expertise in the financial services sector. Our intuitive solution will help financial advisers deliver quicker and better services to their customers.”

The new solution will support compliance with the Markets in Financial Instruments Directive (MiFID II) regulation that requires investment advisory firms to provide investors full details of all service charges, as well as any costs on investment returns, before they provide services to investors.

According to Capita, Risk Explorer offers probability-based forecasts of investment outcomes that support customers’ goal-based financial planning. It calculates a client’s attitude to risk ranging from ‘cautious’ to ‘adventurous’ and analyses ‘portfolio risk’ to assess potential investment losses on a case-by-case basis. Financial advisers can also use Risk Explorer to calculate the impact of variables such as financial advice costs and inflation to calculate broadly reliable expected growth values. It is fully integrated with Moody’s Analytics Economic Scenario Generator, a financial intelligence and analytics tool.

Recently, Capita signed a five-year contract worth £560,000 with Westward Housing Group in a bid to simplify the payment processes by delivering an integrated multi-channel solution. The partnership will see Capita offering its Pay360 solution to the Group along with a range of payment channels to protect sensitivity of card information and allowing tenants to choose from different payment methods.