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Outlook on the Wealth Management Platform Global Market to 2025 - Featuring Avaloq Group, Temenos Headquarters and Prometeia Among Others - ResearchAndMarkets.com
[April 06, 2021]

Outlook on the Wealth Management Platform Global Market to 2025 - Featuring Avaloq Group, Temenos Headquarters and Prometeia Among Others - ResearchAndMarkets.com


The "Wealth Management Platform Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The Wealth Management Platform market is expected to register a CAGR of 14.37% over the forecast period from 2020 to 2025.

Companies Mentioned

  • Avaloq Group AG
  • Fidelity National Information Services (News - Alert), Inc. (FIS)
  • Temenos Headquarters SA
  • Prometeia S.p.A
  • Backbase, Inc.
  • Tata Consultancy (News - Alert) Services Limited
  • Fiserv, Inc.
  • Finantix S.p.A
  • EdgeVerve Systems Limited
  • CREALOGIX AG
  • Broadridge Financial Solutions, Inc.
  • InvestCloud, Inc.

Key Market Trends

Banks are Expected to Hold Significant Share

  • According to Dorsum, based on surveys conducted with their banking clients, an average advisor needed to spend up to 60 minutes preparing for a meeting utilizing various back-office and auxiliary systems to retrieve the necessary data clients may request during the session. With a wealth management platform, this time significantly reduces since all relevant data is gathered in one place from all source systems with automatic data load overnight. Wealth Management Platform makes banking customers feel their investments are safe, which leads to more robust engagement and further investment willingness, which is tangible because they visit their advisors more frequently. The platform is expected to serve the growing demand and drives administrational efforts and costs down, resulting in a significant increase in effectiveness throughout the advisory network.
  • In January 2020, private sector lender IndusInd Bank has launched its wealth management platform Pioneer Banking, which caters to high net-worth customers. Based on the bank's research-based capabilities, the new service merges wealth management solutions with an array of personal and commercial banking products. Moreover, multiple companies the market offer a wealth management pltform exclusively for core banking abilities. For instance, Avaloq Banking Suite's flexible architecture allows for custom solutions and integration with third-party apps to create a personalized experience for the end investor and advisor. Avaloq Banking Suite's can create consistent client and advisor solutions using personas and a dynamic goals-based wealth management module that automatically adapts to the client's wealth and life situations using probability algorithms.



North America is Expected to Hold Significant Share

  • Wealth Management offerings in the North American region are becoming essential to attract and retain profitable retail customers. For instance, affluent mass customers in the region represent a significant part of the net income generated by retail banks. It is expected that their relationship with a provider of wealth management services as their most important financial relationship. As a result, many diversified financial services firms in the region expand on their wealth management businesses. The industry in the region is in the midst of significant change where a new generation of investors, whose expectations and preferences have been shaped by new technologies and by their living through the last financial crisis, have brought new standards to the industry in terms of how investment products are being delivered.
  • In January 2020, Pascal Financial, an emerging fintech company with Canada's only fully integrated, AI-powered digital wealth management platform announced that it had integrated its digital wealth platform with Sterling Mutuals, one of Canada's premier independent mutual fund dealers with over USD 4 billion in assets under administration and almost 300 advisors and support staff. Pascal will be working with Sterling's advisors to promote the digital tools they need to thrive in a time of disruption. Pascal's advanced functionality and user design, client, and advisor advanced alerts engine, client engagement and behavioral finance tools, investment portfolio tools, and compliance are expected to provide Sterling a significant edge in the industry.
  • In July 2020, New York-based Apex (News - Alert) Clearing announced a new integration with Marstone, a digital wealth management platform, via a strategic partnership. According to Apex, the business will benefit investment management firms insurance companies and organizations with large financial services practices and those expanding into the financial services, who face a demand for digital experiences and capabilities from their clients.

Key Topics Covered:


1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Intensity of Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Assessment of the impact due to COVID-19 on the market

5 MARKET DYNAMICS

5.1 Market Drivers

5.1.1 Rising need to integrate business capabilities and channels in the wealth management process

5.1.2 Requirement of customer-centric business priorities, such as fully digitized client on boarding

5.2 Market Restraints

5.2.1 Lack of awareness related to wealth management platforms and higher dependency on traditional methods

6 MARKET SEGMENTATION

6.1 By Deployment Type

6.2 By End-User

6.3 Geography

6.3.1 North America

6.3.2 Europe

6.3.3 Asia Pacific

6.3.4 Latin America

6.3.5 Middle East and Africa

7 COMPETITIVE LANDSCAPE

7.1 Company Profiles

8 INVESTMENT ANALYSIS

9 FUTURE OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/rkwzm7


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