Achieving cross-platform integration across wealth systems, digital banks, and cloud applications

How can wealthanks? While digital banks can bring retail customers the power of wealth systems, such as financial planning and portfolio construction tools, bringing the strength of wealth management systems to the digital bank’s retail customer base takes some doing. Although the first step is to offer investment capabilities in a digital bank, it is nowhere near the last. While there’s much to learn about the requirements of full-featured wealth management infrastructure, digital banks, in particular, need to be digitally transforming their wealth management capabilities. Wealth systems are complex creatures. They serve wealth managers on one side while also serving the ultimate client on the other. Digital banks are set to disrupt wealth management, lowering the costs of execution, strategy, and advice for their retail customers.