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Middle East Wealth Management Forum 2020 - Exclusive Insights - Anand Rai

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1. How can wealth management firms reduce operational costs?

Video transcript

1. How can wealth management firms reduce operational costs?

The wealth management firms definitely can reduce the operational costs by getting rid of most of the manual processes. So if we have automated processes, like let's say a simple example of aggregation of information. So most of the time we have seen that it is a manual thing, wherein the data from various legacy system need to be first need to be uploaded in the system to come up with up complete portfolio 360 degree view. But if that can be automated by using APIs or the microservices, and the data can be fetched at single place and can be presented in a more meaningful manner, that is what we need to do.

 

 
 
 
 

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