Three Key areas where Synechron is seeing significant investment and new innovative business models in Investment Management are related to New Fee Models, New Business Models and New Customer experiences. Wealth Management is seeing a wave of Digital Transformation across the entire user journey from account onboarding, to relationship management, and investment products.
AWith retirement savings fairly low, companies like Acorn are coming in to fill this gap putting pressure on banks to do the same. The surge in ETFs continues which means the robo-advisor trend will continue to pick up momentum. And, the surge in Alternatives will continue, fueled by commoditized access to private equity and real estate and the intro of new alternative assets – crypto-currencies and tokenized assets. Finally, as “Digital” becomes the new normal for user experience, expect to see more applications for Virtual Reality (VR) and Augmented Reality (AR).
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