Publications

Get ready for digital banking For large private banks, the shift toward digital banking creates a special challenge. Typically, large banks have a substantial IT department that manages an array of proprietary banking applications. This department can be an asset because it offers IT skills in-house, and it can be a liability because its organization may

Pros and cons of different options The question is not whether private banks will outsource their back office but when. The back office carries no differentiating potential but puts a constant pressure on the bank to reduce IT and operations costs. Back office services such as payments, securities administration, and reference data management are well suited

Technology decisions in Private Banking Communication is the essence of the relationship between the private banking client and the client advisor. Traditionally, private banking clients have met with their advisors to discuss investments and wealth planning. Today, even hardcore private bankers who strongly believe in face-to-face communication concede that their clients are increasingly using electronic devices

Private Social Circle: Meet the other private equity investors online In the last couple of years, most retail banks have entered the fray of social media. They have attempted to outdo each other with innovative ideas on how to connect with clients and prospective clients, via Facebook, Twitter and YouTube. Prominent—and often successful—approaches take a community-centric

The management handicap of private banking and wealth management Will the dream of a single platform for globally operating wealth management banks ever come true? Over the past two decades, many large banks have tried to standardize their wealth management booking centers with commercial banking packages or in-house solutions. These projects have much in common with

Two critical capacities of the private bank Talk to senior bankers, wealth management professionals, consultancy companies, and other industry experts about the state of private banking and wealth management, and you will find that, although the number of wealthy individuals is growing globally, they all agree that the industry faces significant challenges.The challenges are manifold, but