According to a study by SEI, Standard Chartered Private Bank and Scorpio Partnership, the banking and wealth management industry is not yet meeting the demands and interests of its clients in terms of engaging them with technology and digital communications.

Client onboarding software specialist Appway has officially announced the launch of its hub in Asia.

Lionel Biennier, managing director and head of business development for Asia Pacific at TeamWork Management, discusses why the manual approach to data analysis and reporting is a thing of the past, and what independent firms are looking for in 2013.

Leading technology and operations practitioners came together in Singapore in March to discuss trends, opportunities and challenges in relation to finding business solutions through the smart use of technology and software - at a roundtable organised by Hubbis and co-hosted by Assentis Technologies.

Technology and data management solutions provider DST Global Solutions has introduced an “Intelligent Alerts” concept as part of their Anova data management solution.

With regulators becoming more and more demanding around the profiling of banking customers, institutions are faced with numerous challenges in terms of managing and maintaining their data, and finding effective and suitable ways to use it. The implementation of systems and platforms is clearly a solution – but a costly one, which also raises other challenges around compatibility and integration.

Data presents banks and other wealth management firms with a plethora of opportunities to stand out and win more business in today’s competitive environment. Tailored customer communication and enhanced adviser empowerment are two ways in which firms can improve the client experience, using data they already have.

Anselm de Souza, managing director for Sopra Banking Software in Asia Pacific, stresses the importance for banks and wealth managers in South-east Asia of investing in systems to drive revenue and ensure a robust platform to meet regulatory requirements.

According to around 3,500 high net worth individuals globally, digital channels play a significant part in the process of selecting an adviser.

Nomura Securities announced on Monday that it has adopted the Nomura Research Institute Advisor Platform as a wealth management software solution to assist its financial advisers.

Expersoft Systems has strengthened its offering in Asia by hiring Robin Tan as manager, implementation and support for Asia Pacific, from Union Bancaire Privee.

Nicholas Hacking, director of sales at banking software specialist ERI Bancaire, discusses the regulatory and compliance requirements worrying banks today, along with issues they should be considering within the wider technology trends within wealth management.

Daniel Bardini of SunGard explains how the firm has developed its technology platform and tools to cater specifically to the Asian wealth management model and address local market challenges.

Ernst Roth, managing director of theScreener in Singapore, talks to Hubbis about the firm’s offering in the equities space, and outlines the value it provides for the wealth management industry.

Jean-Luc Freymond of SAGE discusses the challenges and opportunities for consolidated reporting within wealth management in Asia, especially in relation to data.

For asset management companies in Asia, doing business is getting tougher by the day, it seems. This is largely due to the significant, ongoing regulatory changes underway, both globally and locally.

As firms look to continue to develop viable mobile banking solutions, managing the flow of customer data to make the offerings relevant and usable requires a significant investment in technology and other resources to ensure consistency

Rather than treating client data simply as a means to an end, wealth management organisations – and their frontline staff – should leverage it to provide new insights and talking points for clients.

Daniel Bardini of SunGard looks at the role and application of technology in terms of the adviser-client relationship in wealth management and private banking going forward.

The challenges of gathering, managing, analysing and using data in Asian wealth management continue to mount.

Urs Tanner of Assentis Technologies explains how to improve the way an organisation communicates with its customers, and looks at how to implement this in practice.

Charles River has opened a regional sales office in Hong Kong to support its continued growth across Asia Pacific.

Andrew Au, chief executive officer of AG Delta, explains why principles from e-commerce portals are relevant for wealth managers, too, to help them revolutionise the distribution of investment products.

IT spending in the wealth management industry is estimated to reach US$4.4 billion in 2012, and then grow at a rate of approximately 6.4% in 2013, a recent report has revealed.

Urs Tanner of Assentis Technologies discusses the importance of individualised sales materials and pitch-books to help organisations and advisers stand out in today’s competitive landscape.

Bill Cassidy, managing director of SEI Investments (Asia), explains some of the tools and data needs of wealth managers, from senior management to frontline advisers, to set them apart from the competition in an ever-tougher industry environment.

Urs Tanner of Assentis Technologies looks at what can be done to address some of the common challenges in client onboarding, and explains how to improve the process from the client’s perspective.

Mathias Schuetz, general manager, Western & Southern Europe and Asia Pacific, at Avaloq, looks at what it takes to ensure smooth interaction of new adviser technology and tools, with a view also to how requirements are likely to evolve.

Against the backdrop of today’s ever-changing and increasingly-complex regulatory environment, both across Asia and globally, the focus on the quality, consistency and accuracy of data needs to be sharper than ever before.