Mumbai April 2008: FinEng Solutions announced its agreement with HSBC India to implement their wealth management product 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. The product is proven, scalable, and provides the technology that allows firms to increase their level of customer service, reduce costs and enhance revenue.

Speaking on the occasion, Yogesh Upadhyaya Director & CTO said, “Telesto will support HSBC for the entire wealth management lifecycle commencing from prospecting, risk profiling, suitability assessment and financial planning to order placement and reporting."


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 with 130 employees and has a global clientele.

About HSBC India

HSBC's origins in India date back to 1853, when the Mercantile Bank of India was established in Mumbai. The Bank has since, steadily grown in reach and service offerings, keeping pace with the evolving banking and financial needs of its customers.

In India, the Bank offers a comprehensive suite of world-class products and services to its corporate and commercial banking clients as also to a fast growing personal banking customer base.

For further information please contact media@fineng.com