FinEng Solution - Media - Religare Macquarie

Religare Macquarie – Go Live

Mumbai, January 2010: Religare Macquarie has gone Live on the Telesto application from December’09 for their Wealth Management business. The entire implementation process was completed in a record time, considering their unique business model and high level of customizations.

Some of the key benefits derived by Religare Macquarie by implementing Telesto:


	The flexibility to define any asset class as unitized or non-unitized and expand the range of asset classes depending on the market trend.

	Ability to do order processing for various products like MF, Equity, Equity Derivatives, Commodities, structures products, PMS, Insurance etc

	Automated exchange of client information between their CRM system SAGE and Telesto

	Ability to offer wealth management services to its clients over internet

	Ability to send customer statements to clients through email

About Telesto

Telesto is a leading suite of products that spans the wealth management lifecycle, and is tailored for the use of relationship and wealth managers of private banks and distributors. The product is proven, scalable, and provides the technology that allows firms to increase their level of customer service, reduce costs and enhance revenue.

About FinEng

FinEng is a software company developing and supporting products for the financial services industry. They have expertise in institutional funds management, wealth management and credit risk analysis. FinEng has 2 offices located in Mumbai and Chennai and has a global clientele.

About Religare Macquarie

Religare Macquarie Wealth Management Ltd (RMWML) is a joint venture agreement (JV) between Religare Wealth Management Services and Macquarie’s banking and financial services group. Religare Macquarie Private Wealth (RMPW) strives to provide innovative and personalized wealth management solutions to Indian high net worth (HNI) investors through a holistic and proactive advisory led approach. RMPW offers a comprehensive product suite from various asset classes which include Mutual Funds, Insurance, Alternative Investments, Offshore Investment Services, Equities and Commodities, Derivatives and Capital Market Lending.

For further information please contact media@fineng.com