Vendor Analysis
published on Mar 25, 2024
Report Overview:
This NelsonHall vendor assessment analyzes WNS' offerings and capabilities in wealth and asset management services
Who is this Report for:
NelsonHall’s ‘Transforming Wealth and Asset Management Services’ profile on WNS is a comprehensive assessment of WNS’ offerings and capabilities for the wealth and asset management sector, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of technology and operational services and identifying vendor suitability for wealth and asset management services in RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the support services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of WNS’ BFS-focused wealth and asset management service offerings and capabilities and market and financial strength, including:
- Identification of the company’s strategy, offerings, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and WNS service components
- Analysis of the company’s delivery organization including the location of delivery centers.
Key Findings & Highlights:
WNS began delivering services to the wealth and asset management industry in 2006 with BPS contracts providing fixed-income analytics for two firms. WNS has expanded its range of services for W&A management to include data management and process automation services.
Over the past three years, WNS has invested in three focus areas:
- Expanding service capabilities:
- Hyperautomation services: WNS acquired Vuram in 2022 to expand its capabilities in RPA, BPM, and intelligent document processing. Leveraging partnership with Appian, WNS has built hyperautomation-powered workflows across the landscape of investment operations
- Platform-based research and analytics: WNS acquired The Smart Cube in 2023 to expand its digitally-delivered research and analytics services
- Data consulting, analytics, and AI: WNS started the Triange business unit in 2022 to expand its data management and analysis offerings
- Providing employees with domain-specific training:
- Hires employees from industry firms for their domain expertise
- Provides training and career progression in a four-level process, including in-house basic product training, in-house advanced product training, external product-specific training, and industry certifications (CFA institute, CPA, GARP, and CISI)
- Enhancing data management capabilities: with its team of data scientists and engineers, WNS has addressed data modernization and management challenges of diverse asset and wealth managers. These projects have since transformed into ongoing support for analytical support for data commercialization and cost optimization.