PNM Investment Management, PT goes digital with Avantrade Investment Portal

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PNM Investment Management, PT goes digital with Avantrade Investment Portal

PT. Jati Piranti Solusindo (Jatis Solutions), one of Indonesian largest IT consulting companies and subsidiaries of Indivara Group, today announces that PNM Investment Management, PT(PNM IM) selected Avantrade Investment Portal to follow a market trend that required Investment Manager companies to enter the digital retail market. PNM IM will use the Avantrade Investment Portal and integrate it with the Payment and Messaging system in order to maximize its market penetration.
PNM IM is an Investment Manager Company whose majority of shares (99.98%) are owned by PT Permodalan Nasional Madani (Persero), a State-Owned Enterprise established to empower Micro, Small, Medium Enterprises and Cooperatives (UMKMK). As per March 2019, PNM IM AUM is Rp. 4,3T, 56 mutual fund products, and 2000 active customers. With the implementation of Avantrade Investment Portal PNM IM expected that they could reach wider target market and increase their AUM and number of customers.
By selecting the Avantrade Investment platform, PNM IM will enjoy the rich and rare features of the platform like goal planner and “e-commerce feel” transaction activities. PNM IM is expected to go live in six months. Those unique features are one of the reasons why PNM IM decide to select Avantrade Investment Portal than a platform from two Jatis competitors after shortlisted.
Jatis has more than 20 years of wealth management system implementation experience and Avantrade has been one of the complete and must-have platforms for wealth management industry in Indonesia and SEA since the year 2000.
Since the focus of PNM IM currently is to penetrate the digital and millennial market they choose to implement the Avantrade Investment Portal first while their backend system is still manually managed. It will enable them to have a presence in the digital market and introduce their products and services through their future investment apps. In long term planning, PNM IM will implement the full suite of Avantrade Wealth Management System to enhance their service to customers and speed up their business process.