Thursday, 23 May 2024

How will next generation digital wealth platforms change the game?


The emergence of digital wealth platforms will disrupt the traditional role of bank-based wealth managers, which acted primarily as mutual fund distributors to allow them to provide more holistic investment advisory and asset management services. Previously, investors who were looking for individually managed, diversified investment portfolios had few options available to them except for mutual funds, which became popular.

The advent of digital wealth platforms promises more efficient and automated processes that will lower costs and make managed account structures a more viable option for investors, even in the mass affluent and retail segments. As such, asset managers are also exploring how they can work with such platforms as alternative modes of distribution and product delivery.

Regulators in the region recognise the benefits of digital solutions to drive innovation and growth of the wealth management industry and are updating regulations to facilitate this. As a result, asset managers, insurance companies and securities brokers who traditionally would not be considered players in the wealth advisory and management space are now entering the market, and are challenging the banks and IFAs.

In the digital wealth space, there are the technology providers that focus on AI and algorithm enabled robo-advisory solutions and there are the finance-as-a-service players that provide a more holistic and integrated digital wealth management platform, running on open architecture and using an omni channel approach when catering to client needs. Platforms may also be connected to the end-execution brokers or other in-house execution platforms, to make an end-to-end straight through process that is integrated and streamlined.

Discussion Agenda:
  • The key drivers for the adoption of digital wealth platforms in Asia
  • The importance of an enabling regulatory framework
  • How players can better differentiate themselves


Speakers/Panellists: To be confirmed



Foo Boon Ping, Managing Editor, The Asian Banker

Foo Boon Ping manages The Asian Banker publication business and engages practitioners, customers, partners and the media on critical issues that impact the industry. He has more than 19 years of experience in the banking and financial services industry, specializing in strategic branding, marketing communications and consumer insight. Prior to The Asian Banker, he was at United Overseas Bank (UOB), covering Singapore and key markets in the region, such as China, Indonesia, Malaysia and Thailand.


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