While the wealth management sector has been sluggish to embrace digital transformation in large part because of the nature of the work they undertake, there is a significant change
2. Multiple surveys report that 80% of modern investors prefer using mobile
applications to monitor their investments and connect with advisors, and
40% of investors now demand digital access to their accounts.
What that has done to the wealth management industry is that the
competition has risen considerably. Individualized and compelling digital
experiences that meet shifting customer expectations are becoming the
standard.
Partnering with Maveric Systems helps the leading FIs grasp the subtle shifts
in the wealth management industry and how embracing advanced analytics
brings a game-changing effect.
3. Technology, the modern-day services multiplier
Technology fosters new capabilities through mobile interaction, analytics, and service delivery. Wealth managers
acknowledge that it provides a consistent context for interactions that may be automated across channels, improving
access to data sources that aren’t readily available for everyday process decisions.
• Technology fosters new
capabilities through mobile
interaction, analytics, and
service delivery.
• Wealth managers acknowledge
that it provides a consistent
context for interactions that
may be automated across
channels, improving access to
data sources that aren’t readily
available for everyday process
decisions.
TECHNOLOGY, THE MODERN-DAY
SERVICES MULTIPLIER
4. IN 2023, WHAT WILL BE
THE STRATEGY FOR
TECHNOLOGY-ENABLED
WEALTH MANAGEMENT
SERVICES?
Advanced Analytics, AI, and Machine learning Tools
Hybrid Or Omnichannel Business Model
Cultivating Brand Advocates
Business Impact of Digitalization on Wealth
Management
Enhanced Communication Protocols
5. CONCLUSION
While the wealth management sector has been sluggish to
embrace digital transformation in large part because of the nature of
the work they undertake, there is a significant change, where
advisors are now making progress for multiple reasons of digital
adoption like purposeful investments in ESG, democratization in
open market instruments, and increasing quality and transparency
standards.
6. About
Maveric
Starting in 2000, Maveric Systems is a niche, domain-led Banking Tech
specialist partnering with global banks to solve business challenges
through emerging technology.
3000+ tech experts use proven frameworks to empower our customers
to navigate a rapidly changing environment, enabling sharper definitions
of their goals and measures to achieve them.
Maveric Systems accelerates digital transformation through native
banking domain expertise, a customer-intimacy-led delivery model, and
a vibrant leadership supported by a culture of ownership.
With centers of excellence for Data, Digital, Core Banking, and Quality
Engineering, Maveric Systems teams work in 15 countries
7. CONTACT US
Social Media
Reach us: https://maveric-systems.com/reach-us/
Website: https://maveric-systems.com/
Facebook: https://www.facebook.com/mavericsystem
sltd/
Twitter: https://twitter.com/mavericsystems
YouTube: https://www.youtube.com/c/mavericsystem
sltd
LinkedIn: https://www.linkedin.com/company/maveri
c-systems-limited/
Original Source: https://maveric-
systems.com/blog/digital-transformation-is-
changing-wealth-management-how-are-you-
impacted/