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JHC launches risk analytics tool for wealth managers – Finextra

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Wealth management fintech firm, JHC Systems (JHC) has today announced the launch of its digital risk analytics tool available through JHC Neon (Neon).

This is the first time that wealth managers and private bankers will be able to access detailed and timely risk data on-the-go, empowering them to make informed investment decisions. Delivered through JHC’s secure private cloud technology, the tool will be available 24/7 across all devices.

The enhanced offering sees JHC partner with renowned quantitative risk analytics provider, Raise Partner (Raise). Raise boasts a 15-year history working with large and challenging financial institutions, including pension funds, hedge funds and investment banks in Europe, Asia and Latin America.

Edward Lopez, Chief Revenue Officer at JHC comments: “The regulatory spotlight is intensifying and to avoid penalties and reputational damage, wealth managers must have a microscopic view of their portfolios anytime, anywhere. Partnering with Raise means this is exactly what we can deliver. The combination of its quant team, analytic tools and our digital technology means we can quickly implement a scalable and cost-efficient service.”

Neon provides wealth and investment management professionals with automated portfolio monitoring for instant risk analysis and ongoing suitability checking. The technology, which is system-agnostic, allows wealth managers to scrutinise all holdings and asset classes, in all portfolios across their firm, taking into account factors including mandates, weightings and benchmarks. The highly visual and detailed overview allows managers to compare, identify and analyse the source of risk in order to understand when and what action is required. This functionality has been developed while ensuring Neon has a fast, zero-cost implementation process and works on a subscription based model to reduce the typical barriers to entry.

Sophie Echenim, CEO at Raise Partner, said: “JHC’s depth and knowledge of the market meant they were a perfect partner for us. This is an opportunity to further our global reach so that more wealth and investment professionals can benefit from our service through JHC’s leading technology. Our fully integrated analytics give Neon’s users the ability to uncover, interpret and piece together all available portfolio data so they can be confident in all the decisions being made.”

Lopez continued: “What matters to the industry is that they have smart tools in place that are quick to implement and easy to use. This is not only critical from a compliance perspective, but will also bring real business benefits. With Neon, we’re changing how wealth managers communicate with the clients. Firms can now provide data-rich rationale for the decisions they make, improving relationships and providing opportunities to increase assets under management.”