L&T Infotech, a global provider of IT services and solutions and a wholly-owned subsidiary of the $14 billion Larsen & Toubro, has developed a comprehensive mobile application for L&T Capital Markets Limited (LTCM), which operates in the wealth management space.
The mobile application called ‘WMS (Wealth Management Solutions) is created for the iOS and Android platforms. Customers get convenient access to their portfolios and information on asset allocation; while relationship managers can search for their clients and view details of their asset allocations.
Commenting on the application’s launch, Dr. Mukesh Aghi, Chief Executive (Services Cluster), L&T Infotech, said, “For institutions to profit out of mobile, they need to build out solutions that not only support multiple platforms, provide new interaction capabilities for existing customers, but also leverage the channel to generate new revenues. At L&T Infotech, we have deep experience in both mobile platforms and devices that enrich our relationships with financial institutions. The WMS portfolio application is a step further in the mobility space.”
Ved Prakash Chaturvedi, Chief Executive, L&T Capital Markets, said, “The mobile app marries technology with convenience and is greatly appreciated by clients who wish to view their portfolio details while they are traveling. Through this app, we empower clients to view their respective portfolio details without having to depend on anyone. Similarly, relationship managers are also empowered to view portfolios while they are traveling, and help clients to optimize use of time; and service them more efficiently. The development of this application reflects the enthusiasm, creativity and entrepreneurship of the joint teams.”
WMS App Features
The application is available for both smart phones and tablets. It leverages the existing features of the platforms to present information in easy-to-view graphics and also offers a consolidated view including security-wise and performance-wise holdings. Asset allocation and other information is provided over a secure mechanism and ‘after user’ authentication. The application can be used over a mobile data (3G) connection or through WiFi. The WMS application is currently available at the app store of Apple and Google.
