STOCK TITAN

SEI Drives Adoption of New Professional Services Offering

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

SEI (NASDAQ:SEIC) announced that nine U.S. clients in its Private Banking and Wealth Management business have adopted its new professional services offering across 17 projects. The technology-agnostic offering includes seven key services: outsourced CTO services, system integration, application development, organizational change management, data cloud analytics, business process outsourcing, and workforce augmentation. These services aim to help businesses transform their technology infrastructure, improve operations, and enhance customer experience while mitigating risks and driving growth.

SEI (NASDAQ:SEIC) ha annunciato che nove clienti statunitensi nel suo settore Private Banking e Wealth Management hanno adottato la sua nuova offerta di servizi professionali in 17 progetti. L'offerta, indipendente dalla tecnologia, include sette servizi chiave: servizi di CTO esternalizzati, integrazione di sistemi, sviluppo applicativo, gestione del cambiamento organizzativo, analisi dei dati nel cloud, outsourcing dei processi aziendali e potenziamento della forza lavoro. Questi servizi mirano ad aiutare le aziende a trasformare la loro infrastruttura tecnologica, migliorare le operazioni e arricchire l'esperienza del cliente, riducendo al contempo i rischi e stimolando la crescita.

SEI (NASDAQ:SEIC) anunció que nueve clientes en EE. UU. en su negocio de Banca Privada y Gestión de Patrimonios han adoptado su nueva oferta de servicios profesionales en 17 proyectos. La oferta, independiente de la tecnología, incluye siete servicios clave: servicios de CTO externalizados, integración de sistemas, desarrollo de aplicaciones, gestión del cambio organizacional, análisis de datos en la nube, subcontratación de procesos empresariales y aumento de la mano de obra. Estos servicios tienen como objetivo ayudar a las empresas a transformar su infraestructura tecnológica, mejorar las operaciones y enriquecer la experiencia del cliente, al tiempo que se mitigan riesgos y se impulsa el crecimiento.

SEI (NASDAQ:SEIC)는 미국 내 사모은행 및 자산 관리 사업부에서 9개의 고객이 17개의 프로젝트에 걸쳐 새로운 전문 서비스 오퍼링을 도입했다고 발표했습니다. 기술에 구애받지 않는 이 오퍼링에는 7가지 핵심 서비스가 포함되어 있습니다: 외부 CTO 서비스, 시스템 통합, 애플리케이션 개발, 조직 변화 관리, 데이터 클라우드 분석, 비즈니스 프로세스 아웃소싱 및 인력 증강. 이러한 서비스는 기업들이 기술 인프라를 변모시키고 운영을 개선하여 고객 경험을 향상시키는 동시에 위험을 완화하고 성장을 촉진하는 것을 목표로 합니다.

SEI (NASDAQ:SEIC) a annoncé que neuf clients américains dans son secteur de la banque privée et de la gestion de patrimoine ont adopté sa nouvelle offre de services professionnels dans 17 projets. L'offre, indépendante de la technologie, comprend sept services clés : services de CTO externalisés, intégration de systèmes, développement d'applications, gestion du changement organisationnel, analyse de données dans le cloud, externalisation de processus d'affaires et augmentation de la main-d'œuvre. Ces services visent à aider les entreprises à transformer leur infrastructure technologique, à améliorer leurs opérations et à enrichir l'expérience client tout en atténuant les risques et en favorisant la croissance.

SEI (NASDAQ:SEIC) gab bekannt, dass neun US-Kunden in ihrem Bereich Private Banking und Vermögensverwaltung ihr neues Angebot professioneller Dienstleistungen in 17 Projekten angenommen haben. Das technologieunabhängige Angebot umfasst sieben wichtige Dienstleistungen: ausgelagerte CTO-Dienste, Systemintegration, Anwendungsentwicklung, Management von organisatorischen Veränderungen, Datenanalytik in der Cloud, Outsourcing von Geschäftsprozessen und Personalerweiterung. Diese Dienstleistungen zielen darauf ab, Unternehmen bei der Transformation ihrer Technologieinfrastruktur zu unterstützen, die Abläufe zu verbessern und die Kundenerfahrung zu erweitern, während Risiken gemildert und das Wachstum gefördert wird.

Positive
  • Secured adoption from nine U.S. clients for 17 projects
  • Expanded service offering provides new revenue streams
  • Technology-agnostic approach allows broader market reach
Negative
  • None.

Insights

This professional services expansion represents a strategic pivot in SEI's business model, targeting increased recurring revenue through technology consulting and outsourcing services. While the announcement of 9 clients adopting these services indicates early market validation, the financial impact remains unclear without specific revenue figures or contract values.

The offering's technology-agnostic approach and comprehensive service suite positions SEI to capture a larger share of the growing wealth management technology consulting market. Key differentiators include their 55-year industry presence and existing relationships with financial institutions. However, they'll face strong competition from established consulting firms and fintech specialists.

The business process outsourcing and workforce augmentation components could provide stable, recurring revenue streams, but success will depend on execution and ability to scale these services profitably.

Comprehensive Offering Powers Business Transformation and Growth

OAKS, Pa., Oct. 31, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that nine U.S. clients in the company's Private Banking and Wealth Management business have adopted its new professional services offering to support a total of 17 client projects. SEI's professional services help businesses mitigate risk, create scale and value, and drive growth by providing a comprehensive suite of specialized technology solutions and consultative services designed to help transform firms' technology infrastructure, operations, and customer experience.

Sanjay Sharma, Global Head of SEI's Private Banking and Wealth Management business, said:

"The pace of technological evolution isn't slowing down, and the financial services industry continues to navigate the need for business transformation as customer demands increase. Many firms need the support of a long-term strategic partner to provide the expertise and resources for planning, managing through change, and implementing processes—all tailored to their business' needs, timelines, and objectives.

"For more than 55 years, we've enabled our clients' digital transformation while providing the stability that comes from being a part of the industry's backbone. These deep relationships are a testament to our client-centric approach of working with our clients to understand their businesses, align their technology and business strategies, and customize programs that meet their needs. Our new professional services offering complements the breadth of our enterprise capabilities across technology, operations, and asset management—further unlocking the potential to power growth for our clients and SEI."

Available as standalone services, SEI's offering is technology-agnostic and built specifically for a firm's individual business needs. Equipping organizations with the tools that leverage the full power of SEI's domain expertise, the offering is intentionally flexible to help ensure firms receive a best-fit solution, support, and resources. Services include:

  • Outsourced CTO services: Provides comprehensive support for companies' technology needs to empower them to achieve business objectives and maintain a competitive edge
  • System integration: Enhances operational efficiency, data security, and regulatory compliance to amplify client and colleague experiences and business growth
  • Application development and design: Offers an in-depth approach to application development to generate software that meets high functionality, scale, and usability standards
  • Organizational change management: Facilitates seamless transitions to ensure employees are prepared, engaged, and supported throughout transformation processes and their journey to the target operating model
  • Data cloud and analytics: Manages data assets, promotes data integrity, and leverages data for informed decision-making that improves employee productivity and drives growth
  • Business process outsourcing: Offers fully outsourced workforce model for firms that own custody accounts and are looking for staff to support operations functions
  • Workforce augmentation: Offers specialized resources to augment or supplement the client workforce with the domain-rich skills such as business analysts, technical leads, project managers, developers, and more

Deen Bandhu, Head of SEI's Professional Services offering, added:

"SEI's professional services offering aims to enhance operational efficiency, compliance, technology infrastructure, scale, and customer experience for firms of all shapes and sizes in a landscape of constant change. Keeping pace isn't just a technology issue—it requires breakthrough change, and the right people and processes are needed to support business transformation.

"Our track record of on-time, on-budget delivery and position in the financial services ecosystem reinforce the depth and breadth of our industry knowledge and expertise, as well as our ability to provide the services and solutions that build connections and power the future of wealth."

About SEI®
SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions and professionals, and ultra-high-net-worth families to help drive growth, make confident decisions, and protect futures. As of Sept. 30, 2024, SEI manages, advises, or administers approximately $1.6 trillion in assets. For more information, visit seic.com.

Company Contact:

Media Contact:

Emily Baldwin

Kerry Mullen

SEI

Vested

+1 610-676-3262

+1 917-765-8720

ebaldwin@seic.com

kerry@fullyvested.com

 

Cision View original content:https://www.prnewswire.com/news-releases/sei-drives-adoption-of-new-professional-services-offering-302291810.html

SOURCE SEI Investments Company

FAQ

What new services did SEI (SEIC) announce in October 2024?

SEI announced seven professional services: outsourced CTO services, system integration, application development, organizational change management, data cloud analytics, business process outsourcing, and workforce augmentation.

How many clients adopted SEI's (SEIC) new professional services offering?

Nine U.S. clients in SEI's Private Banking and Wealth Management business adopted the new professional services offering, supporting a total of 17 client projects.

Are SEI's (SEIC) new professional services technology-dependent?

No, SEI's professional services offering is technology-agnostic and built specifically for each firm's individual business needs.

SEI Investments Co

NASDAQ:SEIC

SEIC Rankings

SEIC Latest News

Dec 11, 2024
SEI Acquires LifeYield

SEIC Stock Data

10.54B
97.95M
23.94%
73.05%
1.25%
Asset Management
Security Brokers, Dealers & Flotation Companies
Link
United States of America
OAKS