Thanks to digital innovation and the rise of fintech, the financial marketplace continues to evolve at a rapid rate.
Make no mistake; this evolution is gradually changing the way in which investment and wealth management firms operate and the services that they offer to clients.
In the case of service providers such as WH Ireland, there’s also a drive to change the way in which city bonuses are paid and the perception of the industry as a whole. This company is committing to paying bonuses out of earned profits, rather than total revenues generated within a specific period of time.
With this in mind, there’s no doubt that firms are striving hard to remain accessible and relevant in the modern age. But how exactly are investment and wealth management companies adapting to change in the digital age?
What Technologies are Prominent in the Financial Industry?
According to figures, an estimated 68 per cent of financial services respondents have claimed that learning about new technologies and implementing these represents their biggest challenge.
Not only this, but 69 per cent are concerned about their ability to stay relevant in the eyes of younger investors and Millennials, which is why the successful