As the world waits with anticipation to see what happens next around the planet in terms of the pandemic, it is becoming clearer that in practical terms, doing business will likely not be the same in the future as it was pre-2020 for financial institutions, in short a new normal awaits.
A virtual panel of technology and independent wealth management experts will assemble for the Hubbis Digital Dialogue of December 10 to gauge the digital health of the IAM/EAM community, to assess their competitive needs compared with the incumbent private banks and other financial institutions they compete with and work or partner with around the region, and to determine their ability to survive and thrive in wealth management in the years ahead. Are they investing wisely in technologies/digital? Which segments of their businesses should they most focus on, the back- and middle-offices? The front-end RM/CRO?
Specifically what solutions and tools are most valuable to these firms, which have a dramatically lower budget for digital transformation than the global, boutique or regional private banks? For example, are they focusing on digital identity applications to ease and speed the KYC/onboarding process, remotely as well, and at the same time, can they meet practical cyber-security and privacy challenges, as well as compliance requirements? Are they investing in CRM and client lifecycle solutions, and if so what are their intentions, cost savings and efficiencies, or boosting RM/CRO relevance and productivity? What value is technology to them, does this enhance their ability to compete amongst other IAMs, or does this elevate their proposition to move them closer to the private banks? How do the IAMs work with and or partner with the Fintechs/solutions providers? What types of investments are required? Can digital enhancements enable wealth management institutions to truly deliver products, solutions and advice relevantly and remotely? And what needs to be done amidst the ongoing social distancing demands to adapt platforms to the potential landscape of the post-pandemic world?
These and many other matters will be discussed in what will surely be an engaging and insightful 1-hour discussion on December 10.
A community of leading organisations within Asian Wealth Management
Senior figures in Asian Wealth Management are speaking at this event
Pershing, a BNY Mellon company
Independent Wealth Managers – Embracing Digital Tools to Enhance their Advantage
- What were the specific challenges for the IAM community in the pre-pandemic world and how have those been exacerbated or diminished during the pandemic?
- For the IAMs, which of course are relatively small compared to the banks, how do they assess what they truly need in terms of digitalisation, and where to invest their funds?
- How do they then manage the implementation of these solutions?
- Are they aiming for front-to-back digitisation, or are they being more targeted, more selective, on other words focusing on eg KYC/AML/Onboarding, or on compliance/RegTech, or on empowering the RM through digital tools/data/analytics/machine learning and so forth?
- How are the IAMs working with the external digital product, execution and even custody platforms, and why?
- What are the next developments from an execution and custody perspective?
- How can digital tools truly enhance the client experience?
- Which types of clients in Asia demand the optimal digital interface, and what about the younger generations?
- Reporting/auditing/consolidation of client information – how can they get this right and is the data truly secure?
Founder & Chief Executive Officer
CEO and Founder
Chief Executive Officer
Pershing, a BNY Mellon companyWill Lawton
Chief Executive Officer, Singapore
Regional Manager APAC
Expersoft SystemsFrank Maltais
Sales Director, ASEAN
Pershing, a BNY Mellon company