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How to overcome obstacles and create business opportunities through digital connection

By Giorgio Luparia, Head of Solutions Sales, Appway

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Onboarding for Wealth

Appway is the global leader in client onboarding for the financial services industry. Onboarding for Wealth enables leading wealth managers, private banks, and family offices to provide their high net worth clients (HNWIs) with a personalized experience while guaranteeing compliance to local and global regulations Onboarding for Wealth combines digital and physical...

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Regulatory Reviews for Wealth

Regulatory Reviews for Wealth enables a data-driven orchestration of the compliance process that provides a holistic overview of clients. Regulatory reviews are expedited due to data centralization and the monitoring of internal tasks, which are assigned according to priorities. Compliance experts can design the review process and meet deadlines with the...

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Smart Client Update and Account Maintenance

Appway Client Update is a digital solution for financial institutions including private banks, wealth managers, broker-dealers, multi-family offices, and universal banks. By enabling the orchestration of people, data, and activities, managing client updates and account maintenance is smart, personalized, and holistic.  Client Update leverages a combination of Appway technology, business components,...

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by Appway
| 11/06/2020 12:00:00

In the past few months, the global pandemic has disrupted social behavior, communication channels, and work habits. For wealth managers working in an industry which is far from being on the cutting edge of technological innovation, this translated into very specific challenges. Some players are leveraging the situation to gain a competitive advantage, while others are struggling to cope with the changed circumstances.

In our webinar, Business Continuity & Digital Connection: Best Practices for Wealth Management, Lynn Vo and I explored the current priorities, approaches, and objectives for client engagement in wealth management, as well as how advisors attract and retain customers despite industry-wide challenges.

The fact that the market appetite for account opening hasn’t changed in the midst of global obstacles is promising. However, the actions firms need to take for success have changed, particularly in regard to topics such as multi-channel client engagement, end-to-end work automation, and flexible digital reach. Lynn and I analyzed firms’ internal operations as well, including the way they adjusted to support remote collaboration and increased workload while ensuring continuity and a smooth client experience.

To support all this and put it into a practical perspective, the webinar includes concrete demonstrations of Appway solutions that our customers are currently utilizing to navigate the current situation and solve the specific challenges that are highlighted by our analysis. For example, we demonstrated how a fully digital, self-service client onboarding including remote identification, due diligence, suitability and products selection, digital signature, and activation can take place remotely – all within minutes.

It is clear that wealth management firms’ digital roadmaps have been adjusted to accommodate for this new way of working and for new priorities, in a way which was not completely expected. And we feel that continuing strategically on the digital transformation journey is the best way to survive and thrive.

Watch the webinar for more demos and first-hand insights

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