Embracing technical innovations in Wealth Management: a Euromoney Magazine roundtable

Euromoney Magazine brought together in London industry thought leaders to discuss the rapid technological changes taking place and how they are providing challenges and opportunities within the industry. What does the wealth management industry need to better serve clients, and increase revenues? Where are the gaps for disruption? 

Executive summary

• Retail banking has embraced technology, private banking has not
• Technology push is about improving customer care
• Clarity and simplicity is important
• Communication needs to be two-way
• The right to fail is key to innovation

Thierry Derungs, Chief Digital Officer at BNP Paribas Wealth Management, was invited by Euromoney to discuss with his peers how the BNP Paribas Wealth Management is tackling innovation.