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Read below Profile Software's latest articles on key industry trends and developments. You can either read the article online or download it, providing your details

 

Enhanced Customer Onboarding is a Wealth Management Priority

Summary

Differentiation in delivering advanced customer experience in the Wealth Management industry is becoming of paramount importance, as the offering is niche and the market needs are constantly changing. To effectively address competitive challenges, Wealth Management firms tend to deploy technologies that stipulate the uniqueness and personalisation of their customer service.

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Marketplace Lending evolution and expandability

Summary

As with every trend, Marketplace Lending has evolved into different shapes and sizes, ranging from P2P Lending platforms gaining banking licences to actually collaborating with established Banks to enhance the offering of both. The regulatory environment around this is also evolving to better protect customers, providing guarantees where needed to ensure longevity and good business procedure.

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Regulations can transform banking tech strategy

Summary

Regulatory changes and technological innovations lead banks to transform their business models to better manage risk, enhance client service and thus remain competitive, flexible and agile.

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The evolution of Treasury Management in the FinTech era

Summary

The rising challenges of FinTech trends, the global rise in financial regulation and international expansion of financial operations are driving the Treasury departments in banks to remodel and integrate their activities. This shift is mostly affecting the areas of automation and straight-through-processing (STP)...

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Robo Advice and beyond. What are the gains?

Summary

Regulatory changes and the emergence of digital entrants into the wealth management space have indeed affected the industry in several ways. These along with the business objective of expanding the potential client base through the provision of better and more affordable services and improved client experience lead to seeking more suitable operational models.

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Profile Software’s innovative solutions for banking and wealth industry

Summary

Kostas Kotsiopoulos, Chief Commercial Officer spoke to Hubbis on how Banks and Financial Institutions can provide advanced client experience and make their operations more agile and digitally-focused, so as to enhance their competitiveness and profitability with Profile’s innovative solutions.

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The Next Generation of Treasury Management Systems. Why select one?

Summary

The modern treasurer lives in a connected world, having to deal with real-time market information, make immediate decisions and manage a large number of banks, subsidiaries and providers. Yet, many treasury platforms may still lacking the ability to provide collaborative instantaneous work due to limited features, or to secure and centralise all financial data and flows, because of outdated technologies and slow evolution.

Keywords: Treasury Management System, 10 steps to review, Real-time management of Treasury operations, Project Management Implementation, Savings over a missed payment

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Profile @ The Telegraph: FinTech solutions offering a new type of service excellence

Summary

The Financial services industry faces a lot of challenges in terms of regulation, compliance, and profit margins. The increasing pressure from regulators along with the need to automate processes within the organisation are best met with the use of the right software that can make operations more agile, allow easy compliance to changing regulatory requirements and ultimately offer a competitive client experience that could lead to higher margins.

Keywords: FinTech solutions, Customer experience, Mobile - Online Wealth Management Communication, Regulatory Concerns, Market Trends in Financial, Wealth Management Software, Alternative Finance Software, Digital Banking Software, Flexible Software Solutions

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Wealth Management as a Service

Summary

The past few years have seen great strides by as-a-service, cloud-based solution providers. Several industries have already shifted significantly in this direction with notable success in the areas of CRM, Training & Competence and Business Intelligence tools.

Keywords: Wealth Management Software, Cloud-based solutions, Security, CRM, Business Intelligence tools, Flexibility

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Making Wealth Managers ready as time for MiFID II deadline approaches

Summary

The regulators have been clear in communicating the instruction that they expect best efforts to be made to comply with the fast approaching 3rd January 2018 deadline for MiFID II. Whilst an army of consultants have spent months explaining the challenges and interpreting the regulation, now is the time to move to the next phase if you have not already done so.

Keywords: MiFID II deadline, MiFID II Wealth management Software, Third-party fees, Product Governance and Sales, Best Execution and Algo Trading, Financial Advisory report generation software, Risk profiling software, Client reporting software, Client onboarding and KYC software

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MiFID II Impact on Wealth Management

Summary

Much has already been written about MiFID II, but one area that has some very specific challenges is the Wealth Management industry. Whilst a great deal of the focus has inevitably been on new trading venues and the coverage of new asset classes, there has been less focus on the profound impact that MiFID II is likely to have on Wealth Managers and their customers.

Keywords: MiFID II requirements, Regulatory Requirements, Wealth Management Software, Suitability reports software

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The FinTech trend supporting Digital Banks...

Summary

Undoubtedly the Financial Services Industry is significantly affected by the FinTech evolution. Alternative finance firms, digital and challenger banks, P2P Lending platforms as well as traditional banks adopt new technologies in order to better serve their clients.

keywords: challenger banks, digital banking software, Core banking software, Global FinTech Survey, Payment systems

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Life After Brexit

Summary

An interesting read prepared by Rajiv Jaitly, Managing Partner of Jaitly LLP, in reference to the Brexit implication in the Financial Services industry.

Key words: Brexit, City of London, FCA concerns, European Asset Management, Robo-adviser, cloud-based, web-based software solutions, Opportunities

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The evolution of the Wealth Management requirements in the digital era

Summary

It is without a doubt that the Wealth Management domain has progressed in every sense over the past years to engulf new technologies in order to accelerate their sales objectives and comply with the regulation.

Keywords: Wealth Management Software, UK Wealth Management Firms survey results, new technologies, new trends in Wealth Management

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FinTech - A Fast moving trend

Summary

According to the recent Capgemini and Efma’s world banking report based on a global survey of retail banking customers in 32 countries an interesting finding is that “46% of banks plan to collaborate with FinTechs, but only 13% believe their core systems can handle the technical demands of partnerships. Many in the financial services industry believe partnering with FinTechs is the best way to avoid disruption."


Keywords: FinTech trends, Digital Banking trends, Online and Digital Banks, Technology

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FinTech - Fast moving force for Islamic Financial Intermediaries

Summary

The evolution and widespread applicability of FinTech development is a paradigm shift for the banking sector. Keeping up with its pace should be a matter of concern for every entity which is likely to be affected.

Keywords: Islamic Finance, FinTech organisations, Crowdfunding firms, Disrupting technology trends, Alternative Finance Software

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Islamic finance evolving

Summary

Islamic finance has significantly evolved over the past decade, as this is also apparent by the number of Islamic financial institutions and the number of people preferring this way of banking.

Keywords: Islamic Banking, Islamic Finance, Alternative Finance Software

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Technology disruption and innovative future trends

Summary

It is widely accepted that over the past few years, Islamic finance institutions and start-ups in this domain are required to provide new services and alternative options, while differentiating their service offerings.

Keywords: automated wealth management platforms, KYC capabilities, Wealth Management Software, Robo-advisors

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The crowdfunding “phoenix”: The rise of a ‘trend’ to a ‘sector’ and the challenges ahead

Summary

As it is widely perceived, the result of any crisis, creates an opportunity for new business models to rise. This seems to be the alternative finance concepts that has burgeoned as a result of the difficulty of getting funded via traditional financial services channels, something like a ‘phoenix’ rising from the ashes of tight financial models.

Keywords: Crowdfunding trends, Crowdfunding software, White-labelled Solution, future-proof functionality

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