In the era of digital transformation within the financial sector, the landscape has witnessed significant enhancements in productivity, reach, scalability, and risk management. It has also seen technology as a catalyst for innovation and convenience across the financial services spectrum. However, amidst these advancements, the distribution challenges remain distinct and demand strategic attention.
Organizations are now confronted with a pivotal question: "Is our Financial Services organization fully leveraging the potential of digital transformation?" To stay competitive and excel in the digital revolution, wealth managers must evaluate their technological capabilities and align them with strategic objectives. In this endeavour, Boharr emerges as a pivotal player, poised to reshape the wealth management landscape by delivering cutting-edge solutions to clients eager to disrupt traditional business models and redefine the customer experience.
Introducing Boharr: A Wealth-Orchestrating Powerhouse
Boharr stands as a comprehensive wealth-orchestrating platform offering Wealth Management Platform-as-a-Service (WMPaaS). At its core, this platform seamlessly integrates various investment products, including mutual funds, corporate fixed deposits, secondary market bonds, NPS, peer-to-peer investments, and Digi-gold. It also offers frictionless integration of insurance solutions, enabling clients to diversify revenue streams and enhance customer engagement including streamlining onboarding through its role as an Application Service Provider (ASP) for essential document esigning.
Boharr's platform harnesses the power of cloud computing, a low-code-based approach, and Windows Azure AI to facilitate advanced computing and real-time generation of dynamic dashboards from extensive datasets. The commitment to continuous growth and partnerships positions Boharr as a formidable force in the ever-evolving field of global wealth management.
The Essence of Orchestrating Wealth
Boharr recognizes the evolving landscape where organizations focus on customer service while grappling with the need for process automation, compliance management, and supporting non-revenue generating services. The complex web of multiple systems and intricate integrations necessitates significant investments, often diverting resources away from core expertise.
Boharr's unique approach harmonizes this complexity by offering a modular single system that accommodates existing processes while ensuring consistent data flow across all value chain components. This approach streamlines operations, reduces the need for extensive integration expertise, and empowers organizations to prioritize customer experience and innovation.
The Significance of an Open Architecture Platform
Boharr's open architecture platform serves as a unifying force in the wealth management industry. It addresses the limitations of traditional wealth management by pre-integrating the digital ecosystem of financial service providers, promoting standardization, and fostering a dynamic and customer-centric service model.
By integrating product and service providers into the Boharr platform, clients gain access to a seamless integration module, expanding the breadth and depth of available products. This approach encourages innovation and disruption within the wealth management industry.
Harmonizing the Wealth Ecosystem and Empowering the Wealth Managers
Organizations operating within a multi-product ecosystem often grapple with the complexity of interacting with various partners and their systems. Non-standardized processes across partner systems within the same product class further compound the challenge.
Boharr takes the lead in harmonizing these intricate processes and systems, offering clients a unified process integration. This reduces the need for specialized system professionals, allowing organizations to focus on delivering a superior customer experience and remaining competitive on product innovation.
Boharr's Wealth-Platform-as-a-Service (WPaaS) allows easy integration with existing operating systems. This approach caters to both established and emerging wealth managers, emphasizing differentiation through personalized service.
Inclusivity for All: Unnatih for Small-Scale and Individual Wealth Managers
While Boharr primarily serves large and medium-scale enterprises with its B2B platform, it recognizes the importance of inclusivity. For small-scale and emerging wealth managers, Boharr introduces 'Unnatih,' a B2B2C proposition set to launch soon. Unnatih, meaning 'progress' in Sanskrit, democratizes access to Boharr's comprehensive platform via a Software-as-a-Service (SaaS) model.
Unnatih provides small and large enterprises alike with the tools to offer customers a holistic personal finance experience, ensuring that everyone can benefit from Boharr's offerings.
A Global Vision for Wealth Management
Boharr's vision transcends borders. Built on a cloud-based, modular, and adaptable system, it can be seamlessly deployed worldwide, catering to diverse geographies and adhering to local regulations. Boharr eagerly invites overseas wealth managers to explore its platform and contribute to shaping the future of wealth management.
Boharr and Unnatih: Pioneers of Wealth Management's Future
In summary, Boharr, with its WMPaaS and Unnatih's SaaS Customer Experience proposition, promises to revolutionize the wealth management industry. These innovative solutions enhance product offerings, standardize technological aspects, and empower clients to offer differentiated services. Together, Boharr and Unnatih are set to usher in a new era of wealth management, redefining the customer experience and driving innovation across the industry.
