MCI launches eXtend, its next-generation WealthTech Platform

MCI, together with Objectway, recently launched their eXtend WealthTech Platform, a next-generation digital wealth and investment management suite comprising an extensive list of capabilities, covering front, middle and back-office solutions, with the focus on digitisation.

The key focus of eXtend is to seamlessly integrate the two companies' solutions into an existing customer environment, without the customer having to change existing systems. This allows the customer to leverage their existing investments in solutions, and results in the customer only paying for the additional solutions they require. This approach also ensures a smooth implementation for all stakeholders, reducing change management cycles, costs and overall time-to-market.

eXtend’s offering, a mix of both MCI and Objectway solutions, includes Client Digital Experience, Onboarding, Digital Collaboration and Advisory, Risk Analysis and Suitability, Portfolio and Fund Management, as well as a full set of back-office capabilities covering securities and advisory.

eXtend also allows customers to drive revenue generation through Digital Campaign Management, Advanced Analytics with Augmented Intelligence, and Robotic Process Automation. And it allows them access to new product lines.

“Wealth and investment professionals are under growing pressure to innovate and deliver increasing value to their customers,” says Greg Bernard, business partner at MCI Consultants.

“We see eXtend as a means to respond to this requirement by delivering solutions which best suit customers' needs. It's also a way to help reduce costs by leveraging their existing software investment, and a way to enable them to increase revenues by providing a platform which allows for the rapid expansion of customers, products and services through digitisation.”