Banking business passed the age that IT is used as a tool to facilitate and speed up the businesses. Banking and IT are contributing in creating new products and services. Now we can find many new products today where nobody could imagine about the most of them in the past decade. Also there are many new issues has been discovered by the IT in the e-banking area and the banks should find a solution and an appropriate answer, such as Risk Management, Huge Data, Fraud Detection etc. In this competitive atmosphere, the banks are looking for a set of utilities and tools to compete, penetrate and catch new customers and markets based on their strategic plans. It is obvious the core banking system is the most strategic and mission-critical software solution in the banks which without use of such robust software none of the sub-systems could operate efficiently. BANCO is our response to this market demand and has been designed to settle a new paradigm into the banking and IT in the financial sectors. We were considering creating new added values while analysing, design and developing our new generation of core banking to fulfil today and future market aspects.
A type of asset management, private wealth management is a broad term that describes techniques used to maintain and grow the wealth of a private individual. Generally, the wealth management refers to asset management for wealthy individuals, often called high-net-worth clients by professionals in the field. Private wealth management can also be called private asset management or private banking. Services performed includes investment strategy, financial planning, and tax management. The banks, which operate in private banking sector needs to find out, provide and maintain a very special and rich class of customers. This is highly essential that needs a comprehensive policies, operations and systems.