Interaction and advice makes wealth managing that much more meaningful

SINGAPORE (July 18): When it comes to wealth management, a constant dialogue with clients makes all the difference, says Dominique Jooris, South Asia CEO at Pictet Wealth Management.

In an exclusive interview with The Edge Singapore, Jooris says “These dialogues are why one would go to a private bank. This is the type of service you would find here, that you would not find at commercial banks, internet brokers or robo-advisors.”

5 ways financial services can go digital to stay ahead

SINGAPORE (June 30): It’s easy to see why the onus is on financial service providers (FSPs) to digitally transform.

An Accenture survey found that 46% of customers are now willing to use robo-advisors. Meanwhile, PwC research revealed that nearly 60% of customers are seeking innovative spending analysis tools, and up to 85% would pay a monthly fee to receive automated social media notifications from their bank.


How Singapore’s wealth professionals could fall victim to the march of the machines

SINGAPORE (July 3): It appears that Monetary Authority of Singapore (MAS) intends to embrace the efficiencies that robo-advisers – defined by MAS as digital platforms that provide advice on investment products using automated, algorithm-based tools – can offer investors.

This could mean serious disruption for Singapore’s massive wealth management industry.

According to various estimates by industry consultants, robo-advisory platforms will grow rapidly over the next few years.

MAS shifts focus to jobs, skills amid tech disruption

SINGAPORE (June 29): Worried that machines are about to steal your jobs?

The Monetary Authority of Singapore (MAS) says jobs and skills have moved to “front and centre” of its agenda on Singapore’s financial sector development.

“Digitisation and automation are gathering pace and many global financial institutions have been downsizing and restructuring their operations,” says MAS managing director Ravi Menon on Thursday.


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