Fiserv unveils new banking tool interface; Northwestern Mutual study cites financial illiteracy
Fiserv unveils new banking tool interface
Fiserv Inc. a Brookfield-based global provider of financial services technology solutions, today announced the release of OneView, an enhanced user interface for APL, the most widely used platform in the managed accounts industry, with more than 3.4 million accounts and 1 million unified managed account sleeves processed and managed daily.
The intuitive workflow and design of OneView significantly reduces the once steep learning curve for APL users. Due to its user-friendly presentation of data, OneView enables sponsors, money managers, overlay managers, advisors, outsourcers, banks and Turnkey Asset Management (TAMP) clients to more quickly and easily locate the information they are seeking as they are serving their investors. Each view is also configurable by role, giving users the ability to define what data and views are most important to them.
"The OneView user interface is a landmark product enhancement, created to give our vast client base the ability to navigate our system day-to-day in a more streamlined, user-friendly way, with exception based views and dashboards to bring the most important data to the forefront," said Cheryl Nash, senior vice president of investment services at Fiserv. "At a time when our clients are working harder than ever to assist their investors with strategies to achieve their goals, our APL platform has become more user-friendly so new and existing clients can learn quickly and navigate more easily than ever before."
Northwestern Mutual study cites financial illiteracy
At a time when Americans are seeking financial security, their financial knowledge is no better than it was in 2006, according to the "Financial Matters" study commissioned by Northwestern Mutual Life Insurance Company Inc.
The research revealed that two out of three respondents (69 percent) would receive a failing grade on a quiz about financial products and concepts.
The good news in the study is that people seem eager to learn more. When asked to rank the importance of understanding their own personal finances, nearly 8 in 10 respondents (79 percent) gave it a 7 or above on a scale of one ("what I don’t know won’t hurt me") to 10 ("I feel the need to know all I can about my financial situation").
"Financial knowledge is key to achieving financial security and understanding what impacts one’s personal finances," said Dave Simbro, Northwestern Mutual’s vice president of life products. "We know from this study that most Americans want to be financially self-sufficient, and are focused on preserving their lifestyles and protecting against uncertainty. This desire makes improving our nation’s financial literacy especially relevant, and we believe the first step is an honest assessment of one’s personal finance proficiency."
To take the quiz online, visit http://financialmattersquiz.com/?win_type=formcalclarge.
