Founded in the year 1999, Miles is a global technology solution provider of comprehensive technology solutions with specialization and focus in the Wealth and Asset Management businesses across the world.
Known for Solutions that meet the complete life cycle needs of wealth and asset management businesses, the Miles Solutions’ suite covers numerous business lines in the capital markets place such as Wealth management, Asset management, Portfolio management, Business Analytics, Loan Management, Compliance, Brokerage, Independent Financial Advisors, Family offices, Fund of Funds, Custodians and Manage Services.
Catering to the needs of over 250 global customers across leading financial institutions in India, Asia Pacific, Middle East, Africa and Europe, the company has a diverse clientele which includes private banking institutions, asset management companies, hedge funds, pension funds, brokerage firms, wealth advisors, financial institutions and family offices. Their deep understanding of financial services business, extensive domain expertise and experience in managing scalable implementations of large and small scale enterprises has enabled them to build long-lasting relationships with customers and provide significant value to their business.
With a Revenue Model based on Product license/Annuity based license, the company today has offices in prime locations such as Mumbai, Thane (India) and Dubai, UAE. Zephyr Peacock India Fund and Lighthouse Fund are the Private Equity investors for Miles. Deepak Ghaisas and NRK Raman are the part of the Advisory Board for Miles. Deepak is the Chairman of Gencoval Strategic Services (P) Ltd., where he leads strategy development, visioning and conceptualization of breakthrough business models in Biotechnology. He has worked in the software industry since 1987. Previous to forming Gencoval, he was one of the founding members of i-flex Solutions Ltd. (now Oracle Financial Services Software Ltd.). Raman is the former MD & CEO of Oracle Financial Services Software Ltd. (OFSS) and carries 25 distinguished years with OFSS (formerly i-flex Solutions Ltd.). Raman holds a master’s degree in Physics with a specialization in Electronics. He is also a certified Citicorp Finance Professional. Both Deepak and Raman help the Miles team to strategize on dealing with marketing challenges along with business innovations and growth. The advisory board complement and strengthen the board of directors. They provide expert advice on emerging technology and insight into doing business in diverse global markets. The advisory board help Miles in providing seamless engagement on business strategies and operations of the company.
Providing Benchmark Solutions for Clientele
The company’s flagship product, MoneyWare® is built on global benchmark solutions to offer customers a range of cutting edge solutions that align with the customer’s business objectives that offers scalable, robust functionality and integrated solutions enabling organizations to accelerate business performance. The MoneyWare® Suite is an end to end wealth and asset management solution that automates the entire investments lifecycle of wealth creation, growth and management. The Solution automates the entire process right from Client prospecting to on-boarding, client profiling involving the client’s financial plan, model portfolio, order management and investment management. The system enables client reporting (creating customized reports across all levels of organization) through the MoneyWare® client portal, which gives 360 degree overview of his holdings.
The MoneyWare® Solution Suite supports multi-scale, multi-lingual and multi-currency operations facilitated by its seamless integration across all systems and third party applications that make handling of scalable volumes and transactions. The company has also, recently, launched MoneyWare® Tablet App – a comprehensive solution that helps financial advisors and relationship managers to enhance their client experience through mobile and hand held devices. The App provides the end-users with greater transparency through real-time access to tailored views of information helping the clients to engage in an ongoing interactive communication and the solution has potential for revolutionizing advisor/client interactions.
The Company products are equipped with a Comprehensive Rule engine to cover most of the Regulatory Controls & Internal Compliance Limits. Soft & Hard limits which is user configurable to suit various business needs.
“Our Strong domain expertise and market acumen through large scale implementations across 15 countries with 250+ customers and a renowned brand identity have given us the elevation in the competitive market in the recent years. The MoneyWare® product suite caters to a wide range of segments across the financial services space, right from banks and NBFCs’ to AMCs’, brokerage houses, Custodians and Single & Multi Family Offices. The investment management landscape across global markets is rapidly changing with increased regulation and consolidation. To meet these challenges, firms need a strong technology collaborator to help them thrive in this new environment. Miles continues to invest in and evolve solutions to provide the best solutions to our clients’ globally.” believes the CEO, Miles Software, Milan Ganatra.
Product & Service Offerings
• MoneyWare® Investment Management Suite.
o MoneyWare® Wealth Management Solution.
o MoneyWare® Tablet/ Mobile App.
o MoneyWare® Financial Planning Solution.
o MoneyWare® Portfolio Management Solution.
o MoneyWare® Trade Order management Solution.
o MoneyWare® Portfolio Risk & Performance Analytics.
o MoneyWare® Solution for Single & Multiple Family Offices.
o MoneyWare® Revenue & Incentive Management Solution.
• MoneyWare® Asset Management Suite.
o MoneyWare® Asset Management Solution.
o MoneyWare® Solution for Pension Funds.
o MoneyWare® Investment Trade Compliance
– MoneyWare® UCITS Compliance Solution
– MoneyWare® GRID
– MoneyWare® AIFMD Annex IV Reporting
• MoneyWare® Security based Lending Solution.
• MoneyWare® Custody.
• MoneyWare® Business Analytics and Reporting Services.
• Managed Services
Proven Solutions across various domains
With in depth domain understanding & focus on the financial services space, that bring in innovation via various innovative delivery channels, scalable & modular products, the team at Miles believes in building long standing relationships with its customers while maintaining its focus on empowering the end client, a move that differentiates it from its possible competitors in the market. “Miles has proven their expertise in the financial domain by deploying a cost-effective solution for our custodial business. We are delighted with the commitment and professionalism shown by the Miles team during the implementation & support of the custodial software, says Mr Hemendra Damania, Senior Vice President – Operations Edelweiss Securities Limited.
On the other hand, Mr Brian Primrose, Director & Chief Operations Officer, Host Capital, UK, says that, “We have found the people at Miles Software to be professional in their approach, very knowledgeable and always keen to help. The system enhancement for our particular needs, and the subsequent installation was effortless and the software has been proved to be stable.”
Gearing up for the future ahead
With a product team at Miles dedicated in carrying out ongoing research that are country specific, functionality specific or even technology specific and with solutions that are available on cloud or mobility as well as various areas of business, be it financial planning, wealth & asset management or even business analytics, the product strategy of Miles is in par with the corporate strategy, as the company’s product continues to deliver significant business value to its customers in order to meet assured financial goals based on defined targets.
“The Miles Positioning Strategy is highly focused and clear, we stand apart from all our major competitors as our focus is on continuously adding value to financial services and enable them to run their business operations smoothly. With extensive domain knowledge over the last few decades and expertise in several areas of business and technology, our product is proven amongst many large and medium financial enterprises across the globe”, adds Mr Ganatra With distinguished leadership and an expert team of professionals from various fields of technology and functional areas, Miles is assured to keep delivering excellence and value to financial institutions across the globe, in the days ahead.
Time Line of company:
•Founded Miles with MoneyWare, a retail product targeting portfolio management.
•Moved to Enterprise space.
•Launched MoneyWare® Integra – Wealth management suite of solutions.
•Launched MoneyWare® Vantage, Custody and FundWare.
•Diversified into Managed Services Business.
•Microsoft Gold Certified partner.
Knowing the Key Executive
Milan Ganatra: Founder & CEO
Milan is a First Generation Entrepreneur with over two decades of hands-on experience in the financial services space. With deep domain knowledge on wealth management and wide experience in leveraging technological advancement for efficient investment management, the CEO of Miles founded the company in 1999 anticipating the need for a wealth application which can provide flexibility, traceability and accurate reporting of investments. He has successfully defined and implemented a strong vision for Miles to make it amongst the leading provider across the globe of wealth and portfolio management solutions across the globe.