Book description
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.
Table of contents
- Preface
- About the Editors
- Acknowledgements
-
1: Introduction
- The Augmented Investment Management Industry
-
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?
- Definition of Wealth Management
- Wealth Management Value Chain
- What’s Driving Disruption in the Wealth Management Industry?
- Changing Customer Profile
- Where is the Current FinTech Development Focused Across the Wealth Management Value Chain?
- Where Will Innovation Disrupt the Wealth Management Value Chain?
- How Can Existing Wealth Managers Address the FinTech Challenge?
- Wealth Managers Need to Consider Partnering with FinTechs to Keep Up With the Pace of Innovation
- Disruption of the Wealth Management Value Chain Has Just Started
- Notes
- Embracing Emerging Technology
- WealthTech – Business as Unusual
- Welcoming an Artificial Intelligence Robot as a Colleague
- Essential Digitization in Wealth Management
- Becoming Millennial-Minded is Key for WealthTech
- “To Infinity and Beyond!” – Building WealthTech Applications has Never Been Easier
-
2: Digitizing Client Advisory and Robo-Advisors
- Ten Reasons Why Digital Wealth Management Will Become a Worldwide Market Standard
- What Do Wealthy Clients Think About Digital Wealth Management?
- Challenges of Digitizing Wealth Management Advisory
- The Hybrid Advice Model
- No “One Size Fits All” – Personalized Client Service and Social Selling in Wealth Management
- How to Give “Sleep-Tight” Robo-Advice
- How Gamification Can Attract Consumers to Sign Up
- The Counter-intuitive Reality of Robo-Advice Demographics
- How Emerging Technologies Will Change Emerging Markets – Welcome Robo-Advisor X.0!
- Presentation Technology – Enriching the Client Experience in a Physical and Virtual World
- Digital Super Powers – The Role of Artificial Intelligence in Wealth Management
- Using Artificial Intelligence in Wealth Management
- Digital Asset Management in 2020 – Seven Theses
- Making Digital Advice Personal is as Important as Making Personal Advice Digital
-
3: Digitizing Wealth Management Operations
- Digital Business Model for Wealth Management Operations as Matchmaker of Generations
-
How a Digital Architecture Can Lead to Tangible Business Results
- Legacy Mindset Holding Us Back
- And Digitization is Much More Than a Cool App
- Achieving Quantifiable Business Results
- Managing the Customer Life Cycle
- Onboarding is Part of the Game
- Digitization Benefits All Types of Customer
- Ease for the Customer is Usually Easy for You
- Client Service/Maintenance
- Compliance and Regulators are Also Part of the Fan Base
- IT as a Foundation
- Identify the Utility Part of Your Business
- “Backboning” Your Financial Proposition
- The Personalization Pillar
- Digitizing Wealth Management
-
Survival of the Fittest – Cyber Resilience
- Cyber Security as a Competitive Edge for Wealth Managers
- Adopt a Strategy that Offers Cyber Resilience
- Increase Customer Experience with Cyber Resilience
- Target Your Cyber Security Investments
- Put the Customer at the Centre of Your Cyber Resilience Strategy
- Wealth Managers Should Learn from the Technology Firms
- Notes
-
4: Digital Platforms, Products and Ecosystems
- Wealth Management-as-a-Platform – The New Business Architecture with PSD2
- Wealth Management – Preparing for a Digital Revolution
-
How to Digitalize Wealth Management at Banks
- Digital Financial Battlefield
- Traditional Wealth Management Frameworks Under Attack
- Digital Wealth Management Frameworks: New Powerful Strategic Tools
- Survival in Wealth Management: Hybrid Transformation Options for Banks
- Building Digital Wealth Management Frameworks: Dealing With the Complexity of Financial Markets
- Three Steps to a Digital Wealth Management Framework
- Keeping the “Time-to-Market” Short is Important
- Key Success Factors in Gaining Market Share and Scale in Alternative Lending
- Personal Financial Intelligence – AI and the Future of Money Management
- Financial Forecasting and Portfolio Optimization in the 21st Century
-
AI-Powered Wealth Management Products and Investment Vehicles
- Complexity of the Financial Markets and Big Data
- AI and Deep Learning: Adaptable and Self-Learning Capital Markets Modelling and Forecasting
- Partially Versus Purely AI-Driven Investing
- AI-Powered Investment Vehicles
- “AI-Smart”-Beta ETFs
- AI-Driven Sector (ETF) Rotation Strategies
- Autonomous, Pure AI Hedge Funds and Reinforcement Learning
- Plurality of Uncorrelated AI and Alternative Data-Driven Strategies
- AI and the Future of Finance
- Notes
- Wealth Managers Can Deliver Effective Client Outcomes with a Data-Driven Investment Process
- The Business Case for Gender Equality
- Fiduciary Robo-Selection is Possible in a New Fund Order
-
5: Blockchain Applications in Asset and Wealth Management
-
Cryptocurrencies and Blockchain
- What is “Cryptocurrency”?
- What is an “Asset-Based Cryptocurrency”?
- How is an Asset-Based Cryptocurrency Created?
- Network Services
- The Network Platform
- The Wallet
- The Block Explorer
- Asset Supporters
- Market Opportunities
- Community Building
- Regulatory Concerns
- Token Exchange
- Security Mention
- Redemption Logistics
- Reconciliation of Value
- Conclusion
- How Blockchain Drives Innovation in Asset Management
- Use Cases and Monetization Challenges of Blockchain Applications in Wealth Management
- Blockchain as a Backbone to Asset and Wealth Creation
- Dreaming of a Ledger-Free, Globally Connected Wealth Management Industry
-
Trust Arbitrage and the Future of the Wealth Manager – How Blockchain Innovations Can Crack the Code
- Founding Fathers Ring the Death Knell for Autocracy with a Pen
- The Story of the Firm, as Told by Economists
- Blockchain Innovations Can Make the Firm Feel the Pain
- Wealth Managers are Especially Vulnerable to – and Benefit from – Trust Arbitrage
- Smaller Wealth Managers are Getting a Raw Deal
- What If…
- Predictions are Difficult, Especially About the Future
- Notes
- Investment and Issuance Distributed in Blockchain
-
Cryptocurrencies and Blockchain
- 6: Founders’ Success Stories
-
7: Enterprise Innovation
- Just Do It! Using the Buzz Around Innovation to Empower Banks and Asset Managers
-
Leveraging Corporate Innovation by Opening Banks to External Ecosystems
- Definition of the Term WealthTech
- Insight: The First Robo-Advisor by a Major German Bank
- Corporate Innovation Accelerator as an Instrument to Enrich the Bank’s Innovation Potential
- Paradigms for a Beneficial Cooperation within a Corporate Innovation Accelerator
- The Need for Technical Interoperability within the Digital Banking Environment
- Intrapreneurship as an Option for Accelerating Corporate Innovation Potential from Within
- Conclusion
- Wealth Management is Dead, Long Live Wealth Management
-
8: Global Overview of WealthTech
-
Is the Future of WealthTech Already in China?
- China, the Largest FinTech Market in the World
- BAT Giant Tech Players Continue Growth by Moving to Other Markets Such as Banking
- Tech Companies Also Emerge with Specific Value Propositions
- Traditional Banks are Developing FinTech Solutions In-House or are Acquiring Them
- The Future of Chinese FinTech
- Notes
- WealthTech in Latin America
- Challenges in the Japanese Wealth Management Market – Digital Issuance and Distribution of Japanese Real-Estate Securitized Products
- How to Unlock WealthTech in Turkey
-
Is the Future of WealthTech Already in China?
-
9: What is the Future of WealthTech?
- The Networked Client
- The Investment Managers of the Future are Going to be Millennials
- Empowering Asset Owners and the Buy Side
- An Industry Driven by Digital, Data and Artificial Intelligence
-
WealthTech – Taking Private Banking and Wealth Management Digital
- The Analogue Castle of Wealth Management is Under Siege
- Clients Request Tailored Solutions and “Bring Back the Fun”
- Understanding the Relevant Technologies for WealthTech
- Barbarians at the Gate? – The Forces of Disruption
- Act Now: Strategic “Ways to Play” in WealthTech
- How to Win in “High-Tech/ High-Touch”?
- Final Remarks and Outlook
- Notes
- The Wealth Management Canvas – A Framework for Designing the WealthTech Firm of the Future
- The Ingredients of IKEA’s Approach for a Starry Wealth Management – Choose to Change the Competitive Arena in a Mature Sector
- FinTech and the Wealth Management Challenge
- Cognitive Decision-Making with “Insights-as-a-Service”
- More Banking for Less Money
- How AI Will Cause Robo-Advice to Completely Outperform Human Advice
- Security in the Future of WealthTech
- How China is Shaping WealthTech and the Future of Financial Services
- From the Technological to the Financial Singularity – A Journey Without Return to the Future of Finance
- Welcoming the 2058 Class of the “Galactic Academy of Wealth Management”
- List of Contributors
- Index
- EULA
Product information
- Title: The WEALTHTECH Book
- Author(s):
- Release date: July 2018
- Publisher(s): Wiley
- ISBN: 9781119362159
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