Banking Software for Private and Non-Retail Banks
Connect core banking operations with secure online and mobile access. Support complex client relationships, multi-currency products, transactions, investments and digital payments through technology designed for private and non-retail banking.
Deliver efficient banking without forcing clients into a retail model
Private banks, wealth managers and specialist lenders manage relationships, ownership structures and financial products that are often more complex than those served by standard retail banking platforms.
Internal teams need accurate, real-time information and efficient transaction processing. At the same time, clients increasingly expect secure, intuitive access to their accounts and payments across mobile and desktop devices.
A connected core banking and e-Banking solution brings operational processing, financial control and digital client service together.
What should private banking software help you achieve?
Understand the complete client relationshipConnect clients, accounts, ownership, products, investments and transactions so relationship and operations teams can see information in its proper context.
Automate transactions without losing controlUse configurable rules to increase Straight Through Processing while retaining approvals and human oversight according to the bank’s risk appetite.
Manage complex products and currenciesSupport multi-currency accounts, foreign exchange, securities, deposits, loans, interest calculations and different charging structures within one operating environment.
Connect banking operations with financeLink transaction processing with General Ledger accounting, management information and financial reporting, reducing handoffs and reconciliation between teams.
Give clients secure digital accessProvide private clients and intermediaries with mobile-responsive access to accounts, information and online payments through web services and branded mobile applications.
Adapt as the bank growsConfigure products, attributes, workflows and integrations around the bank’s operating model, supporting changing client volumes, services and regulatory requirements.
What should a private banking platform include?
- Flexible client and account relationships
- Complex and percentage-based ownership
- Multi-currency products and accounts
- Real-time transaction processing
- Configurable Straight Through Processing
- Multi-level approvals
- Foreign exchange processing
- Securities administration
- Deposits and lending
- Interest and capitalisation rules
- Standing orders and online payments
- Integrated General Ledger
- Management information and financial reporting
- Document management
- SWIFT and BACS connectivity
- API integration
- Private client and intermediary access
- Mobile-responsive online banking
- Branded iOS and Android applications
- Controlled permissions and transaction histories
Vega’s private banking solution
Vision Banking is Vega’s core transaction-processing platform for private banks, wealth managers, intermediaries and private client lenders.
It supports complex client and account relationships, multi-currency products, foreign exchange, securities, loans, accounting and reporting. Flexible rules allow each bank to determine the appropriate level of Straight Through Processing according to its risk appetite.
Vega’s e-Banking technology extends these capabilities to private clients and intermediaries through mobile-responsive online access, payments and branded applications. A real-time connection with the back office helps ensure that digital services remain aligned with operational information.
In one published implementation, Vision supported Investec Bank Channel Islands as it more than quadrupled its book without increasing the size of its operations team.
Explore Vision Banking and e-BankingWho is private banking software for?
- Private banks
- Wealth managers
- Intermediaries
- Private client lenders
- Specialist banking providers
- Financial institutions serving complex private clients
Questions answered
Non-retail banking software is designed for private banks, wealth managers, specialist lenders and other institutions managing complex clients, ownership structures, currencies, investments and transaction types.
Private banks need a configurable platform that combines client and account management, transaction processing, multi-currency products, investments, loans, accounting and reporting. Vision Banking is designed around these requirements.
Configurable rules can determine which transactions proceed automatically and which require review. Vision supports Straight Through Processing aligned with the bank’s risk appetite, together with four-eyes authorisation where required.
A suitable platform should connect individuals, group accounts, percentage ownership, products and transactions while supporting multiple currencies. Vision manages these relationships within one operating environment.
An e-Banking layer can give authorised clients and intermediaries access to accounts and online payments through mobile-responsive services and branded applications, supported by appropriate authentication and mobile security controls.
Yes. Vision supports SWIFT and BACS connectivity, while API integration provides a route for exchanging data with other banking platforms and business systems.
Connect operations with the client experience
If your core banking system is limiting automation, visibility or digital client service, Vega can help you explore a more connected approach.