The successful adoption of new digital technologies will play a crucial role in responding to change and driving growth, but wealth managers need to tread carefully: successful transformation will depend on avoiding common technology missteps.
Wealth Management Tech Traps
- Trap 1: Thinking there is a “silver bullet”
- Trap 2: Getting caught up in hype at the expense of strategy
- Trap 3: Building on shaky data foundations
- Trap 4: Forgetting to invest in people