Blog Articles
Asset Management: Exploring digital distribution channels
Since the introduction of reliable self-service channels in the wealth management sector, some asset managers have been contemplating providing digital investment guidance and direct-to-investor models to obtain a low-cost distribution channel. This strategy has its merits in driving down the average cost per acquisition, but the key challenge is to nurture and retain long-term customers. Could digital channels match the teams of physical advisors in terms of quality ?
How to Avoid Legacy Traps When Building Digital Wealth Services
Wealth managers often build customer journey islands when introducing a new service or feature. Opting instead for use case-agnostic technology that supports all components of the organization’s strategic roadmap can grant a financial institution the necessary flexibility to achieve a strategic freedom to innovate.
WealthTech Trends for the 4th Quarter 2021
Every quarter, we summarize the three most prominent trends in WealthTech and we are excited to share our latest summary with you today! In the forth quarter of 2021, we noted that successful wealth managers will make the most of advanced analytics. Second, that having an investment strategy with respect to digital assets will become critical in metaverse. And third, that leveraging technology to better engage with clients will likely pay off.
Fast and slow data: How to enable fast, interactive customer journeys based on slow mathematical models
When it comes to digital journeys, one characteristic defines quality beyond industrial specifics: speed. While rule-based apps or websites are relatively easy to keep lean and quick, the financial industry may be the area where the speed of underlying calculations could be an issue. Unlike e-commerce or media, the digital and physical solutions provided by the financial sector are riddled with computationally heavy models trying to grasp the uncertainty of real-world economies. The more granular and elaborate the underlying model is, the more realistic and accurate its results are. Does it mean that the financial institutions will have to compromise on quality to deliver fast solutions? Today we have spoken to Erik Brodin, an ex-McKinsey quant expert at Kidbrooke, who doesn’t believe a compromise is necessary.