Recalibrating Wealth Management Strategies for the Asia Pacific Region

The business of wealth management is facing significant challenges today. The pandemic followed by a war and geopolitical tensions and increasing interest rates have had a severe impact on debt and equity performance. More importantly, customer behavior has undergone a sea-change with the advent of digital banking technologies, powered by fintechs and neobanks. Younger customers are far more digitally empowered and expect personalized and on-demand service as well as greater control over their investment decisions. Further, the entry of non-bank WealthTech and fintech players has increased the level of disintermediation and client self-service.

However, in the APAC region, the high-net-worth market is expanding rapidly and is expected to reach US 21 million by 2024.1 This market holds significant opportunities for wealth managers. Banks must now focus on adapting to these changing customer expectations and market conditions to fully capitalize on the prospects of this market.

Wealth Managers Must Reconfigure Their Businesses with The Right Technologies: Carpe Diem!

Banks and wealth management service providers must recalibrate their business strategies and operating models to grow profitable. In this whitepaper, we dive deep into the APAC wealth management market and the opportunities it offers. Discover major trends in the APAC wealth management market, how wealth management players can respond to the changes, and the role of technology to achieve profitable growth by offering hyper-personalized propositions.

Give your Wealth Management Business a Triple Booster with SunTec Wealth Management Solution

  • Our wealth management solution will help to improve your bank’s capabilities to offer personalized, relationship-driven offerings based on criteria such as the definition of customers, the portfolio of the bank’s products sold to/consumed by customers, AuM, the profitability of the relationship, etc.
  • Provide your bank with a clear, quick, cost-effective, and low-risk path to transcend the constraints imposed by legacy systems by smooth integration with disparate existing systems.
Know more about how SunTec’s Wealth Management Solution can help organizations achieve key business objectives.

How to Ensure Sustainable Growth in Wealth Management?

Experts from Simon Kucher & Partners, AWS, and SunTec recently got together for a webinar on ‘Driving Sustainable Revenue Growth in Wealth Management in the APAC region’. Find out their insights on the market, and strategies for powering the next stage of growth through pricing and revenue management in this article.

Understand the Future of Wealth Management

Wealth Management strategies must undergo a significant transformation to be effective in the current market landscape. Robust wealth management infrastructure that can support automation, algorithm-based advisory services, robo-advisors and omnichannel access to services is now the need of the hour. Know more about the future of wealth management.