Get a handle on disruption, innovation and opportunity in investment technology The digital evolution is enabling the creation of sophisticated software solutions that make money management more accessible, affordable and eponymous. Full automation is attractive to investors at an early stage of wealth accumulation, but hybrid models are of interest to investors who control larger amounts of wealth, particularly those who have enough wealth to be able to efficiently diversify their holdings. Investors can now outperform their benchmarks more easily using the latest tech tools. The WEALTHTECH Book is the only comprehensive guide of its kind to the disruption, innovation and opportunity in technology in the investment management sector. It is an invaluable source of information for entrepreneurs, innovators, investors, insurers, analysts and consultants working in or interested in investing in this space. * Explains how the wealth management sector is being affected by competition from low-cost robo-advisors * Explores technology and start-up company disruption and how to delight customers while managing their assets * Explains how to achieve better returns using the latest fintech innovation * Includes inspirational success stories and new business models * Details overall market dynamics The WealthTech Book is essential reading for investment and fund managers, asset allocators, family offices, hedge, venture capital and private equity funds and entrepreneurs and start-ups.
Autorentext
SUSANNE CHISHTI is the Founder and CEO of FINTECH Circle and the FINTECH Circle Institute, the leading peer-to-peer learning platform providing in-person and online courses across fintech enterprise innovation, WealthTech, InsurTech, artificial intelligence and blockchain applications in finance, crypto-currencies and startup methodologies. As Co-Editor of the global Bestseller The FinTech Book, she has been selected as a "City Innovator Inspirational Woman" after working for 15 years across Deutsche Bank, Lloyds Banking Group, Morgan Stanley Investment Management and Accenture in London and Hong Kong.
THOMAS PUSCHMANN is Founder and Director of the Swiss FinTech Innovation Lab at the University of Zurich and member of the Swiss Innovation Council Innosuisse. Before his current position, Thomas was heading a large international financial services research project at the Universities of St. Gallen and Leipzig and was a visiting scholar at the MIT Sloan School of Management. He is an advisor for many strategic national and international initiatives and an advisory board member of various institutions.
Klappentext
WORK WITHIN THE FINTECH DISRUPTION TO CAPTURE A NEW, MORE LUCRATIVE MARKET
Low-cost robo-advisors, blockchain-based systems, new business models and a proliferation of direct-to-client applications are already affecting the wealth management sector. This trend will only grow as global wealth continues to increase, and new technologies such as big data analytics, artificial intelligence and distributed ledger technologies enable entirely new and more cost-effective and client-responsive approaches to wealth management. The WealthTech Book helps savvy practitioners join the digital evolution of the financial services industry, with a comprehensive resource for competing in the new paradigm.
- Learn the latest developments in wealth management technology
- Examine the insights of cutting-edge scientists and practitioners
- Explore new approaches to analytics, data mining and more
- Understand market dynamics and the future of wealth management
- Future-proof your career with fintech innovation
The movement toward digitization along the entire wealth management value chain is not going away, and traditional approaches are already floundering as wealth management becomes more accessible, affordable and eponymous. The WealthTech Book provides investors, advisors and finance visionaries with an invaluable resource for tapping the huge customer potential of this rising market.
Inhalt
Preface viii
About the Editors xi
Acknowledgements xiii
1. Introduction
The Augmented Investment Management Industry 7
FinTech Disruption Across the Wealth Management Value Chain Will FinTech Dominate the Wealth Management Model of the Future or is there Still a Place for Traditional Wealth Managers? 11
Embracing Emerging Technology 16
WealthTech Business as Unusual 19
Welcoming an Artificial Intelligence Robot as a Colleague 23
Essential Digitization in Wealth Management 28
Becoming Millennial-Minded is Key for WealthTech 31
To Infinity and Beyond! Building WealthTech Applications has Never Been Easier 34
2. Digitizing Client Advisory and Robo-Advisors
Ten Reasons Why Digital Wealth Management Will Become a Worldwide Market Standard 42
What Do Wealthy Clients Think About Digital Wealth Management? 45
Challenges of Digitizing Wealth Management Advisory 50
The Hybrid Advice Model 53
No One Size Fits All Personalized Client Service and Social Selling in Wealth Management 57
How to Give Sleep-Tight Robo-Advice 62
How Gamification Can Attract Consumers to Sign Up 65
The Counter-intuitive Reality of Robo-Advice Demographics 68
How Emerging Technologies Will Change Emerging Markets Welcome Robo-Advisor X.0! 71
Presentation Technology Enriching the Client Experience in a Physical and Virtual World 74
Digital Super Powers The Role of Artificial Intelligence in Wealth Management 77
Using Artificial Intelligence in Wealth Management 80
Digital Asset Management in 2020 Seven Theses 83
Making Digital Advice Personal is as Important as Making Personal Advice Digital 86
3. Digitizing Wealth Management Operations
Digital Business Model for Wealth Management Operations as Matchmaker of Generations 94
How a Digital Architecture Can Lead to Tangible Business Results 97
The Personalization Pillar 101
Digitizing Wealth Management 105
Survival of the Fittest Cyber Resilience 108
4. Digital Platforms, Products and Ecosystems
Wealth Management-as-a-Platform The New Business Architecture with PSD2 116
Wealth Management Preparing for a Digital Revolution 120
How to Digitalize Wealth Management at Banks 123
Key Success Factors in Gaining Market Share and Scale in Alternative Lending 127
Personal Financial Intelligence AI and the Future of Money Management 132
Financial Forecasting and Portfolio Optimization in the 21st Century 135
AI-Powered Wealth Management Products and Investment Vehicles 138
Wealth Managers Can Deliver Effective Client Outcomes with a Data-Driven Investment Process 142
The Business Case for Gender Equality 147
Fiduciary Robo-Selection is Possible in a New Fund Order 151
5. Blockchain Applications in Asset and Wealth Management
Cryptocurrencies and Blockchain 158
How Blockchain Drives Innovation in Asset Management 162
Use Cases and Monetization Challenges of Blockchain Applications in Wealth Management 166
Blockchain as a Backbone to Asset and Wealth Creation 170
Dreaming of a Ledger-Free, Globally Connected Wealth Management Industry 173
Trust Arbitrage and the Future of the Wealth Manager How Blockchain Innovations Can Crack the Code 177
Investment and Issuance Distributed in Blockchain 181
6. Founders' Success Stories
Launching MeDirect Bank as a Challenger Bank 190
Empowering Women Financially The Why and the How 194
Why I Left Goldman Sachs for FinTech 197
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