Finfox honoured as Best Risk Profiling Solution
Finfox
13. February 2023
Finfox has been awarded Best Risk Profiling Solution at the Tenth Annual WealthBriefing Swiss Awards 2023. The winners were announced during a gala ceremony on the 9th February 2023 at the Fairmont Grand Hotel in Geneva.
The WealthBriefing Swiss Awards are part of a global awards programme run by ClearView Financial Media. Showcasing ‘best of breed’ in the Swiss region, the awards honour outstanding organizations which the prestigious panel of independent judges deemed to have demonstrated innovation and excellence during the last year. Each of the awards categories is subject to a rigorous process before the ultimate winner is selected by the judges.
In their reason, the judges highlighted that Finfox’ risk profiling solution “demonstrates an intuitive UI translation of a complex business process”. They also commented on the client’s ability to self-profile, “adding a layer of sophistication to complex function”.
Commenting on the firm’s accolade, Andreas Borg, CEO at Finfox, said: “We are thrilled that Finfox has been honoured as Best Risk Profiling Solution. The award recognizes our achievements in this field and underlines that we have something special to offer. My congratulations go to the whole team who have worked hard to deliver an outstanding solution that resonates in the market.”
ClearView Financial Media’s CEO, and Publisher of WealthBriefing, Stephen Harris: “These awards recognize the very best operators in Swiss wealth management, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect excellence in Swiss wealth management.”
In a nutshell – Risk profiling with Finfox
Risk profiling with Finfox is not only easy-to-use and convenient – it also always takes clients’ individual goals and needs centre stage.
Within the Profiling modules, the risk profile of the bank client and their portfolio – for example measured according to risk capacity and appetite as well as client goals and planned savings – can be determined. Questionnaires are fully configurable in accordance with MiFID II, FIDLEG or other regulatory directives and customizable with other requirements of the bank.
In FinfoxTouch, our tablet-based tool for interactive client advice, the questionnaires are presented in an attractive, intuitive way and can be additionally linked to external knowledge resources of the bank to further explain instruments and/or services (“enabling the client” feature).
Alternatively, Finfox determines an individually optimized investment strategy for each portfolio based on the goals and planned savings of the client (life-cycle based optimization).
The latest feature is self-profiling with FinfoxAdvice. As self-services are becoming increasingly important also in wealth management, the new feature actively involves investment clients in the profiling process and enables them to determine and modify their investor profile and portfolio strategy themselves conveniently via smartphone regardless of location and time. If the bank offers hybrid advice, the advisor will be notified and be able to make new investment proposals to the client. (Learn more: Digital investor profiling with FinfoxAdvice)