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Compliance in Asian Wealth Management Forum 2020 - Highlights - Andreas Wenger - IMTF

Andreas Wenger of IMTF

Jan 24, 2020

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1. What are the opportunities and challenges for this industry in the year ahead?

Video transcript

1. What are the opportunities and challenges for this industry in the year ahead?

Still the whole technology side will be very challenging for the banks to implement new technologies, to adapt and also appreciate what technologies can do. I think the whole data that the banks have is still a lot not structured. A lot of stuff is paper based. And I think there the banks need to evolve, make it digital, and then also make use of the data. I mean, just if you have the data and don't use it, I think this is a big challenge. And then if you use bad data, you get bad results. So I think working with the data that banks have in a good way, using it in a good way, use technology to use it, that will be a big challenge for this year.

 

 
 
 

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