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Challengers have disrupted customer expectations about wealth management - with a connected ecosystem, banks can stay at the top of the game.

We all know that disruptive technologies like Cloud/SaaS, Microservices, APIs and AI are having a profound impact on the way banking services are delivered and consumed today. This is leading to the twin trends of digital and open banking, and hence changing the very structure of the banking value chain. Meanwhile, non-traditional entrants like the technology giants, neo-banks and fintechs, are leveraging these technologies to compete in banking, and that too with a cost base 30-60% lower than incumbent banks.

In this Blog we speak about the most recent findings of the report by AITE Group LLC, who have reviewed the impact for COVID19 on the Wealth Management Sector.