Agile Financial Technologies signs with Figlo and SRE Financial Planners

28 May 2009

Agile Financial Technologies (Agile FT), a leading provider of software and services to the insurance, banking and financial services sector, is entering into the emerging field of Financial Planning by partnering with Figlo, the Dutch market leader in financial planning software and SRE Financial Planners, a well-known Financial Planning company that also runs a Financial Planning Academy.

The three companies have just concluded their strategy roadmap in Mumbai, India and announced their partnership today to the media.

Agile Financial Technologies already provides core Insurance, Wealth Management & Asset Management software along with KPO services in terms of Equity & Forex Research, IPO processing, Fund Accounting among others.

With this new partnership, Agile FT adds 2 additional offering to its already comprehensive portfolio – that of niche financial planning software along with financial planning consultancy.

Figlo is the market leader in the Netherlands financial industry and has pioneered the use of Microsoft’s Surface Table computing for financial planning. Microsoft recently showcased the Figlo Surface software in the ACORD conference in Orlando as well as in Greece, Germany and Russia.

The Financial Planning platform, aptly called, Hawanedo (Have-Want-Need-Do in action), helps Banks, AMCs, Insurance companies to graphically analyse the financial requirements of their clients and then suggest the right products to them. The solution is available in both traditional platform as well as on Microsoft Surface (an intuitive, touch screen table that enables Financial Advisors to interactively work with their clients). Leading financial institutions looking at gaining a competitive edge are keen to grab the surface table application to leverage the first-mover advantage.

There has been a huge response to the Asset Management offering from Agile FT and the addition of this intuitive financial planning platform is set to take the market by storm.

Agile FT, Figlo and SRE FP have formed an exclusive consortium to take this solution to market in India. Soon after, Agile FT and Figlo will also take it to the Middle East, Africa and rest of South Asia.

On the occasion of the signing ceremony, Kalpesh Desai, CEO, Agile FT, said, “We are very excited to partner with Figlo to offer a futuristic platform to the market that will create a paradigm shift in how financial planners can service their clients. Hawanedo promises to change the way we look at our personal finances and financial planning, providing an intuitive and easy to use interface on the web, and even on surface tables where financial planners could sit across the table with their clients and enable the advisory process intuitively and interactively. We are also pleased to partner with Sykes and Ray Equities (SRE) who will enable the knowledge platform and will be our knowledge partners to enable financial planners use the software domestically.”

Jenze Bosma, Figlo’s CEO, who is already getting accustomed to the Indian way of life commented, “This combination will make real changes in India of how clients understand their financial situation and future.”

“With Agile FT and SRE, we are confident that we have found the perfect combination to serve the financial industry, both from a financial planning knowledge perspective as well as from an IT point of view,” added Albert van den Broek, Figlo’s Chief Globalisation Officer.

Yogesh Gupta, given his experience in financial planning shares his outlook, “SRE Financial Planners being the pioneers in providing Financial Planning Services in India, we are glad to tie-up as knowledge partners with Figlo & Agile FT to bring revolutionary Financial Planning software to the fast-growing Financial Services Industry in India. It’s very important to move from product selling to need-based product recommendations and we believe this kind of a software helps financial planners deliver greater value to their clients.”

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