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Digital Wealth Asia Forum 2019 HK - Exclusive Insights - Manish Prasad - 3

Manish Prasad of Ignition Advice

Dec 2, 2019

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1. Is there a silver bullet that will solve all the digital problems that wealth managers have?

Video transcript

1. Is there a silver bullet that will solve all the digital problems that wealth managers have?

It's interesting. I spent a fair bit of time in Europe and was obviously based in Australia. So, what was really nice is when I see all the speakers that were up today speaking about the different challenges, be it in the retail banking space, in private wealth, or just in the market in general, the commonalities in terms of the issues that we're facing around the world are the same, which means there's actually a really great chance that we're going to solve this problem. We're not going to do it individually. It's not one company that's going to come out of the woodwork, and suddenly say, "Here's the silver bullet". I know a lot of banks are looking for that silver bullet, but the reality is, it's going to be a group of large organisations, traditional banks that really care about their customers, traditional asset managers, and private banks that really care about their customers, and new start-ups, like ours, that actually look at the problem a totally different way and say, "Okay, this is how we want to be served, this is how we want to be engaged, and we'd like to help the industry to try and get there." So, I think the real opportunity is to take all the learnings that we have from companies that operate around the world, companies that look around the world, companies that research around the world, and bring those to consumers, because at the end of the day, most consumers are the same.

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