The power of digital – what’s next?
Topics we will discuss;
- The Pros and Cons of Virtual Banks vs. Traditional Banks
- Who will win the data-driven prize?
- How are wealth managers are looking at crypto assets and the blockchain?
- What is future for digitized advice?
- Platforms and processes – whats the role of digital?
- What is the client experience supposed to look like today?
- Have we seen any examples of tangible success in digital wealth management?
- How should banks decide what’s working? What KPIs should we use?
Hubbis is delighted to again host our flagship Digital Wealth Management Forum in Hong Kong, which will be attended by more than 350 CEOs, senior managers, product/fund gatekeepers and business heads across advisory, compliance, technology and other key areas of Asia's wealth management firms.
At a time when financial institutions of all types are re-assessing their strategies and engagement of all kinds of technology – our ambition is to create unique thought-leadership from the most influential participants in the wealth management community.
The agenda is designed to include presentations, workshops, case studies and panel discussions – to look at where the market is at today, the opportunities and challenges it faces, and where it needs to go to move it to the next level.
It's exclusively designed for CEOs, COOs, Tech and Digital decision makers – from the leading international and local Private Banks, Asset Management Companies, Retail Banks, IFAs, Family Offices, Insurance Companies, and Independent Wealth Management Firms.
These are the panel Discussions;
- 9.00am - The power of digital – A brave new world opening up
- 10.20am - The Pros and Cons of Virtual Banks vs. Traditional Banks
- 12.15pm - Who will win the data-driven prize?
- 3.30pm - How are wealth managers are looking at crypto assets and the blockchain?
The anda addresses some of the challenging issues you face in terms of developing a profitable business that makes sense in today's environment. It is no exaggeration to say that many of the wealth management firms in Asia are struggling to find the correct formula and the appropriate financial and managerial investment commitment to optimise their digital interface externally with their clients and internally with their various teams, from back-end to front-end and everywhere in-between.
There are numerous challenges to creating a compelling client experience, multiple hurdles to enabling internal digital efficiencies and the eyes of the wealth management firms also need to be firmly focused on the regulators, as compliance complexities and demands increase almost daily. The Digital Wealth Forum will go a long way towards identifying many of the challenges, as well as proposing strategies, products and processes to overcome them.
All of these areas, and many more, will be explored in the presentation, workshops and panel discussions during the Forum.
The path to digitisation lies ahead, but sorting out the correct routes and avoiding the dead-ends requires continual analysis, continuous assessment of options and technologies, and a determined patience. What’s the potential for non-banks and other start-ups to eat into existing market share of organisations built on a traditional business model supported by RMs and bricks and mortar wrapped around well-known brands that are perceived to be safe?
Challenges are many - including: compliance obligations, creating a compelling client experience, dealing with the data challenge, and essentially being relevant to clients – both the current and next generation.
Catering to different needs and tastes is crucial to be able to provide something relevant and of value to clients. For those institutions in search of innovation and digitisation for their wealth management business, therefore, they need to carefully consider how they work ever-closer with (the right) fintechs as the former rely on the latter for something interesting and new to offer to clients to service their wealth management needs.