Alnova Financial Solutions

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Alnova Financial Solutions is a solution construction accelerator that provides banks with broad functionality and advanced capabilities anchored in Accenture's extensive knowledge of high-performance banking processes. This solution enables banks to transform their core banking operations, thereby increasing flexibility, agility and competitiveness.

Delivering the future of banking—today

Working with banks and payment providers to seize the digital opportunity, manage risk and drive profitability.

  • Scalability and Flexibility Whether your financial institution needs volume scalability (from a few thousand to more than 10 million customers), development flexibility, speed to market, real-time processing or requires a centralized or decentralized business model, Alnova Financial Solutions can help you achieve your business transformation goals.

  • Reliability Alnova Financial Solutions is field tested and proven. Installed at more than a hundred banks in more than 20 countries, Alnova Financial Solutions is a reliable, widely-used platform.

  • Modularity The modularity of Alnova Financial Solutions allows for a full implementation of the global suite or single module integrations to existing legacy systems for specific business units or distribution channels.

  • Off-the-shelf Solution Developed for banks that want the convenience of an off-the-shelf solution with the flexibility of a fully custom system, Alnova Financial Solutions is one of the most complete construction accelerator solutions available.

  • Support for multiple platforms Alnova Financial Solutions is available on Unix/Linux and mainframe.

Key Features

Alnova Financial Solutions is recognized for its industry-leading breadth of functionality including:

  • Flexible, highly configurable, open multichannel technical architecture aligned to advanced IT standards, including UNIX, Java and technical platform protocols.

  • Rich comprehensive front-end functionality industrializing the sales process while providing customers a seamless experience across all channels.

  • SOA-based banking functionality for integration into portals and third-party front ends.

  • A dedicated banking customer relationship management solution that allows the bank to identify and focus on the needs of discrete client segments.

  • Predictable, progressive implementation processes that align IT with operational models by applying Accenture's experience in banking industry and systems integration projects.

  • A customer-centric, modular solution for banking operations offering online and real-time processing allowing services to be monitored and systematically improved.

  • Straight-through processing (STP) and other forms of business process automation to help minimize duplicate entries and human intervention.

Key Benefits

Accenture believes banks that successfully address these imperatives will be positioned to be tomorrow’s high-performance businesses.

  • Improved efficiency Accenture experience shows that Alnova Financial Solutions can help banks achieve leading cost-efficiency ratios: today major clients are averaging percentages in the low- to mid- 40s.

  • Profitable growth Alnova Financial Solutions helps banks attain profitable growth by responding to shareholder and customer demands. Accenture clients can increase cross-sell rates, with each client buying up to six products as compared with the market average of two.

  • Flexibility and Agility Alnova Financial Solutions employs modular, JAVA-based solution design making it more readily and rapidly configured to a bank's unique business, customer and technology environment, thus helping create a more agile business and technology environment.

  • Speed to Market Alnova Financial Solutions offers multiple avenues to help speed development and reduce costs including increased standardization and preconfigured solutions.

  • Improved loyalty, reduced risk Proven capabilities help banks increase customer acquisition and loyalty, reduce time to market for new products, improve their businesses and apply their brand management and multi-channel integration strategies to achieve high performance—all with reduced risk.

  • Enhanced Revenue Generation Services Alnova Financial Solutions provides banks enhanced capabilities to help seize revenue-generating opportunities through such areas as personalized offerings and customized pricing, product bundling, cross selling, and multichannel capabilities including mobility and Internet.

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