Panel Discussion: Democratisation – How might firms best democratise wealth management and in doing so maximise returns?

– How can we better incentivise customers to adopt wealth management services?
– How can firms bring high end wealth management services to the affluent segment?
– To what extent can technological innovations enable wealth managers scale their services?
– How can firms use data and analytics to better understand larger groups of clients?
– How can advisors be better equipped to provide personalised advice to larger groups of clients?
– How can traditional firms compete with self directed platforms?

Chair: Rachel Przybylski, Head of Trading Platforms Projects, Man Group

Speakers:
– Grant Parkinson, Head of Consumer, Private and Business Banking, Standard Chartered
– Graham Nicole, Managing Director – Head of Distribution – Wealth & Digital, Barclays Wealth Management
– T Afzali, Client Success and Sales Director, Avaloq
– Tamara Kostova, CEO, Velexa

Recent high inflation and short term remedial monetary policies have left many companies gasping for air, so today Financial Optimization, is not just a nice idea to explore but it may actually become a matter of survival.

In keeping with our recent theme of Financial Optimization, we spoke to Mads Brix, Head of Communication and Branding at Crediwire.
In this interview we discus the challenges of bringing a product to market that many companies don’t realise they need, until they are able to experience the benefits to their bottom line. We also touch upon the need for Financial Optimization for businesses and the essential role that communication and branding plays in articulating a narrative that makes business owners and investors aware of the transformative potential financial optimisation can have for business cashflows

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Currencycloud’s Laven: “Transaction pricing gets compressed and commoditised but value is in technology product”

In this RadioFinance session, Mike Laven, CEO at Currencycloud, defined the company’s embedded finance business model via API and how its cloud-based platform differs from the host of many payment players today.

He shared his views on the evolution of financial services with innovative technology as a disruptive force and the increasing competition and commoditisation in the payments space. He bared the expansion plans as the industry increasingly develops and matures, emphasising not just geographic reach but also the growth of market segments and clients.

The following key points were discussed during the interview:

● One of the weaknesses of ACH networks is the ability to carry data prompting institutions to track the information that passes through every level of the transaction process.

● With software-as-a-service model, the value is the actual technology product embedded in the client’s businesses and relying less on transaction fees.

● Anything that is transaction-related gets commoditised over time thus scale is a critical success factor in payment firms.

● The rise of challenger banks has transformed pricing and placed pressure on incumbent institutions to be competitive and reduce costs.

● More non-regulated companies are wanting to embed financial functions that are driving collaborations.

● Currencycloud achieved $30 billion run rate and handled 500 companies in 2020.

The full transcript and video of the interview are available on:
RadioFinance: https://bit.ly/396dogZ

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