How the regional wealth management model is set to evolve?

  • Date: 20-Sep-2020
  • Source: Gulf Business
  • Sector:Financial Markets
  • Country:UAE
  • Who else needs to know?

How the regional wealth management model is set to evolve?

It would be a strong, yet fair claim to make, that banks have had to change their business models more than any other industry.

New technology and capabilities which have been accelerated through the Covid pandemic have further disrupted banking including the hitherto slow-moving wealth management business. This has shown the importance and growth of digital banking, but with change comes caution and fear so it still remains key for banks to maintain the human, trusted side of advising on wealth.

The question is whether financial institutions will remain committed to the new models which have evolved during the crisis?

Covid-19 has required a "double down“ on technology solutions

The Covid-19 pandemic has required changes in behaviour from both clients and their advisors - and placed greater emphasis on digital