Idee

The UK private wealth industry has seen its consolidation trend strengthen in 2022, and 2023 looks to be no different. Banks have been very careful in choosing priority areas for investment. In this respect, technology is now seen as a central element of a bank’s growth strategy, but also as a key differentiator in a highly competitive environment. Leveraging technology to optimise operational efficiency and manage costs is essential to building a robust and healthy bank for years to come.

Das Auftreten neuer Marktteilneh-mer in der Bankenwelt, auch wenn ihr Marktanteil derzeit nur einen winzigen Bruchteil des Finanzsek-tors ausmacht, hat die traditionellen Banken dazu gezwungen, Überle-gungen zu ihrem Geschäftsmodell und zu technologischen Alternativen anzustellen.

Customer centricity has always been a focus for wealth managers. But, as this digital age unfolds and a new generation of customers takes the reins, what customer-centric means is changing. How can modern wealth managers adapt while still achieving profitable growth?

Jean-Philippe Bersier, Director – Business Development, ERI, talks to WealthBriefing, on ERI’s accomplishments this year.

2022 is coming to a close. A new year with fresh opportunities awaits. Technology forms an integral part of financial services and now, more than ever, it has become a key market differentiator enabling firms to attract new business, retain profitable customers, leverage new ecosystems and introduce fresh revenue generating digitally-delivered products and services.

Conversations are at the centre of any client relationship. The need for easy, flexible and transparent ways to interact are driving the digital transformation and will fundamentally reshape the banking industry. While internet banking and omnichannel interactions have created a world of convenience, clients are indicating that something is missing: personal interaction.

With a progressive strategy in place, an institution can more easily flex its service model to meet the future demands on the business.

In order to remain profitable and relevant, the providers of private banking and wealth management products and services are having to reinvent themselves as part of their digital transformation journey. Alan Goodrich, at ERI, suggests that becoming the client’s Ambassador of Quan holds the key.

According to recent statistics, despite measures like the EU’s CSDR regulations that were intended to improve settlement efficiency, the rate of failures has actually increased, not come down. The US, Canada and India all have firm plans for the introduction of T+1. The pressure is mounting on Europe to follow suit. As a result, the topic is being given an increasing amount of airtime and is the subject of intense discussion. Regulation, so far, does not appear to be solving the issue. So, asks ERI’s Alan Goodrich … what will?

ERI is the developer and supplier of the OLYMPIC Banking System – a fully-integrated, front-to-back, parameter-driven digital platform supporting all types of financial service providers to streamline their core business activities. The solution provides a complete set of decision-making, transaction processing and control tools to support domestic and inter – national financial services. It comprises a functionally-rich, client-centric, integrated system with a wide range of front-, middle- and back-office activities across the entire lifecycle.

Two years ago, only a few crypto enthusiasts had heard of NFTs. By the end of 2021, the market was already worth around $41 billion, according to data from Chainalysis.

Simon Wong, Regional Director, ERI, talks to Tom Burroughes, Group Editor at WealthBriefingAsia, on its accomplishments this year.

Géraldine Chardiny – Au cœur des services financiers, la maîtrise des technologies devient un enjeu majeur. La transformation du marché bancaire français passe de plus en plus par une architecture ouverte, pour une gestion facilitée, et un recentrage sur le cœur du métier de banquier, le conseil.

Crypto-speak and fintech buzzwords – the financial services technology space is awash with either new vocabulary or new use cases for existing concepts. The reality is that much of the jargon used by vendors to hype up technology is simply intended to make it sound or look exciting and new, when often the truth is something else entirely.

Paul Driver, Sales Manager at ERI, talks to Tom Burroughes of WealthBriefing about what it takes to make the complex simple.

What happened when, as a child, you played in a sandbox? It generally ended up in tears with everyone and everything needing a thorough cleaning! Some core system suppliers promote having a sandbox as being a shortcut to evaluating whether their solution will meet potential users’ requirements. However, a bit like the childhood sandbox experience, there is a risk that taking such a shortcut will not end in the happy smiles anticipated.

SACCOs are accelerating their digitisation to respond to a growing need for financial inclusion.

Simon Pilgrim and Paul Driver discuss how the Bottomline Technologies and ERI partnership can help the securities market automate, secure, and simplify their reconciliations and data management processes

Jean-Philippe Bersier, Sales Director at ERI, explains to WealthBriefing’s Tom Burroughes his firm’s formula for enduring success.

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Hybrid is a word that may well end up defining this period in history.

The ESG tributary is fast becoming the mainstem when it comes to investment flows. Technology will play a pivotal role in supporting this transformation…

For a more in-depth view of the winners of The WealthTechAsia Awards 2021 please read the new Acclaim publication….

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A lot is said (and rightly so) about the growing needs and expectations of clients: the daily demands for speed and flexibility to support their…

Private Banking is facing perhaps its greatest challenge. It is estimated that Gen X and Gen Y will inherit €8 trillion…

Agile versus waterfall: The conundrum that continues to tax the minds of project and program managers…

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Why wealth managers will find it increasingly difficult to differentiate …

“Se in passato le banche private hanno in sedi bellissime, con salotti lussuosi per trasmettere un’immagine…

The banking sector is buzzing with digital transformation noise, making it challenging…

Is your technology platform supporting or restricting your ability to maximise …