Articles

06 April, 2021 | by Contemi Team
Digital Client Onboarding: The Talk of The Town
Digital Client Onboarding: The Talk of The Town Wealth Management and Private Banking companies are making significant investments to attract new customers. The first real test comes during the customer onboarding process as this journey is the key to defining future customer relationships. Most financial services firms struggle with the basics of their onboarding processes and are unable to set the tone for the right and profitable customer relationship. The solution as we see it is a fast…
28 January, 2021 | by Wealth Intelligence (WIN) Team
Twelve powerful wealth management trends. Twelve opportunities in 2021. Are you ready?
Twelve powerful wealth management trends. Twelve opportunities in 2021. Are you ready? After a turbulent year businesses are looking for some bulletproof guidance and inspiration, wealth management is no exception. There is no doubt that the Covid-19 has changed the world for ever, but let's not make the pandemic a scapegoat for the woes of asset and wealth management organisations. Prior to the pandemic, the wealth management sector was facing multifaceted challenges arising from the digital…
19 November, 2020 | by Alexa Jackson Exclusively written for Contemi Solutions
Breaking Down the Impact of COVID-19 on Financial Services
Breaking Down the Impact of COVID-19 on Financial Services As much of a calamity as COVID-19 has been for the world from a health perspective, it has also had a serious impact on the financial services industry. Given what amounted to a global recession during the summer, it’s hardly a surprise to point this out. However, as we near the end of 2020 and look ahead to a year in which we hope to see meaningful recovery, it’s worth looking past the general assertion that COVID-19 has had an…
21 October, 2020 | by Jeremy Curnow, Senior Solutions Consultant- Wealth Intelligence, Contemi Solutions
Where have all the robos gone?
Where have all the robos gone? Four years ago, and continuing until very recently, robo advisory was all the rage. It was impossible to go to any wealth conference without at least one of the speakers expounding the virtues of the technology revolution and how it was going to disrupt ‘established wealth management’. Viewing the industry today, I feel a little cheated… on the surface nothing seems to have changed! So, I decided to have a closer look under the surface. Build it and they will come…
12 October, 2020 | by Jeremy Curnow, Senior Solutions Consultant- Wealth Intelligence, Contemi Solutions
The New Customer Relationship in Wealth Management
The New Customer Relationship in Wealth Management I am of a generation who can remember the time before you could take your smart phone from your pocket, access an app and immediately see your bank account balances, make a payment or access additional services...whilst walking the dog! Why is this important? Because, as a wealth manager, if you do not offer me similar, immediate access to information and services to those I am now familiar with, it is unlikely that I will become one of your…
23 September, 2020 | by Kshitiswar Tripathy, Post-Trade Product Manager, Contemi Solutions
Is it time for an Agile Revolution in Financial Services?
Is it time for an Agile Revolution in Financial Services? Now more than ever, financial services institutions need to move from legacy operational processes and compete with the fast-moving digital world, by putting a digital customer experience at the centre of their digital transformation game. In this article, we talk about why agile is key to Financial Institutions (FIs) successful digital transformation journey. Current Industry Scenario The rising demand of digital and convenience in…
03 September, 2020 | by Daniel Thafvelin, Commercial Director, Contemi Solutions
Decoding Outsourcing Within The Insurance Industry
Decoding Outsourcing Within the Insurance Industry Outsourcing, or the use of external capabilities, is something that management often considers; What parts of my organization can be outsourced, and what to keep in-house? The question that often arises is, “will this system or process give me a cost advantage if it’s outsourced?” If the answer is yes, then they move the operation outside of the organization. Unfortunately, the decision is not that simple. What is Outsourcing? Let’s first start…
26 August, 2020 | by Anup Srivastava, Senior Solutions Consultant, Contemi Solutions
Democratisation of wealth management and what lies ahead?
Democratisation of Wealth Management – What Lies Ahead? The democratisation of wealth management has been well underway for the past few years. With the global economic downturn and the proliferation of digital solutions, has the wealth management finally reached the inflection point to take the democratisation of Wealth Management to the next level? For years, investments into markets and complex products used to be the playground of High Net Worth Individuals (HNWIs). This has changed in the…
17 June, 2020 | by Caitlin Boyland, UX/UI Designer – Wealth Intelligence, Contemi Solutions
Starting at Contemi UI/UX Design Team: An Insight from Caitlin Boyland
Starting at Contemi UI/UX Design Team: An insight from Caitlin Boyland I started out learning how UI/UX currently exists at Contemi Solutions — Here I share my experiences of joining Contemi as a masters graduate and how I am now learning to steer the design helm. Hi, I’m Caitlin I’m a multi-disciplinary designer with degrees in Industrial Design and Technology (BA) & User Experience Design (MA). I have studied different design disciplines to develop the skills to create holistic product and…
15 April, 2020 | by Shane Meredith, Asia Director - FinTech & Wealth Advisory, Contemi Solutions
What are the Key Strategies and Tools to help Wealth Management Through the Coronavirus Pandemic?
What are the Key Strategies and Tools to help Wealth Management Through the Coronavirus Pandemic? The wealth management sector is facing unprecedented challenges due to the outbreak of the global pandemic. As the coronavirus spreads, wealth managers’ business continuity plans need to include more of digital tools and strategies. It is precisely in this crisis situation, where remote working, or the practice of working for an extended period outside the formal office is growing steadily in…
14 April, 2020 | by Steve Martin - Senior Solutions Consultant, Contemi Solutions
Beyond the headlines: FCA scraps mifid 10% letter rule
Beyond the headlines: FCA scraps mifid 10% letter rule You may have read the headline that the MiFID II regulation around 10% drop has been scrapped and assumed you can take a rest but not all is as it seems. As Steve Martin, Senior Solutions Consultant at Contemi says, today, more than ever, we need to read beyond the headlines and double check our facts before taking action. As has been demonstrated with the spread of unresearched information around COVID 19, this can have dangerous…
01 April, 2020 | by Shane Meredith, Asia Director - FinTech & Wealth Advisory, Contemi Solutions
Coronavirus Survival Guide for Wealth Managers
Coronavirus Survival Guide For Wealth Managers The paradigm shift brought about by coronavirus is forcing the wealth management industry to formulate strategies and come up with better tools and solutions to survive in this crisis. Sustaining investor confidence, client retention and business survival should be the immediate priority for wealth managers in this coronavirus world. While the world is still fighting the virus, one major lessons this disease has taught us that the digitalisation is…
14 January, 2020 | by William Rouse, Associate Director Sales
Are Corporate Actions Being Treated Fairly?
Are Corporate Actions Being Treated Fairly? The relationship between the financial markets and the investor is quietly, but fundamentally, changing. A series of regulatory changes has or will require clients to be treated fairly (TCF), ensure they are better informed (MiFID II), and fully encouraged to participate in the long-term sustainability of the assets they own (SRD II). Each of these initiatives has a clear implication to the way organisations approach both the risks and processes…
17 December, 2019 | by Shane Meredith, Asia Director – FinTech & Wealth Advisory, Contemi Solutions
Top Three Trends in Wealth Management for 2020 | Contemi Solutions
Top Three Trends in Wealth Management for 2020 Wealth management is transforming faster than most professionals realize because the industry’s customer base is changing. Three trends are driving a paradigm shift in wealth management that will become clear in 2020. The most visible trends are the rise of intergenerational wealth, and the growing number of high-net worth women. For example, the HNWI (old money) will transfer $68 trillion to younger heirs worldwide over the next 25 years. The…
28 November, 2019 | by Shane Meredith, Asia Director – FinTech & Wealth Advisory, Contemi Solutions
Why Wealth Managers Need Effective Client Onboarding
Why Wealth Managers Need Effective Client Onboarding Many wealth managers are losing money because they do not understand client onboarding. Unfortunately, onboarding done wrong will drive clients away; because the onboarding process begins the moment, a prospect becomes a client. This failure drives clients away because onboarding is the formal process of bringing a customer into a platform. Unfortunately, many wealth managers make the mistake of turning the client onboarding process over to…
03 September, 2019 | by Shane Meredith, Asia Director – FinTech & Wealth Advisory, Contemi Solutions
Technology threatens the survival of Asian family businesses
Technology threatens the survival of Asian family businesses Disruptive technology is the greatest threat and biggest opportunity for Asian family businesses. Technologies ranging from robotics to cryptocurrency to machine learning are reshaping almost all markets. For instance, cryptocurrency and mobile payments could soon make paper currency a thing of the past. Meanwhile, artificial intelligence, 3D printing, and robotics could make it possible for many companies to manufacture components…
02 May, 2019 | by Jeremy Curnow, Senior Solutions Consultant- Wealth Intelligence, Contemi Europe
Resolving the Corporate Actions Paradox-The Case for Automation
Resolving the Corporate Actions Paradox -The Case for Automation “Corporate actions continue to be an area of complexity, manual processing and high risk” according to the interim results of research into the corporate actions processing, conducted by the wealth management consultancy, Compeer. Even as corporate action volumes appear to increase each year (with larger participants processing in excess of 40,000 dividends and 9,000 elections last year), there is a general perception in the market…
04 April, 2019 | by Kean Williams, CEO, Contemi Europe
Compliance - Should Smaller Firms Ask the Question, ´Why Bother´?
Compliance – Should Smaller Firms Ask the Question, 'Why Bother'? In the wake of another whopping FCA fine of £34.3m to Goldman Sachs last week, following the £27.6m UBS fine, are the bigger players ignoring the regulations? MiFID and MiFID II introduced more regulatory overheads to firms in the UK, as well as the rest of Europe. Major projects have been set up and delivered on with overall costs amounting to billions - and some firms have been lost along the way, unable to make ends meet as a…
17 December, 2018 | by Matt Gunnell, Product Manager - Wealth Intelligence, Contemi Europe
Is it Time to Revisit the Manual Processing of Corporate Actions?
Is it Time to Revisit the Mature, Manual Processing of Corporate Actions? The management of corporate actions is an old problem. It is, however, still a major challenge and an area of significant risk for many wealth managers who have not invested in automation. Historically, cost has been the issue. The high cost of systems to automate corporate action processing made them economically unsustainable for medium and small organisations. Additionally, most back office systems provided some form of…
29 October, 2018 | by Jeremy Curnow, Senior Solutions Consultant - Wealth Intelligence, Contemi Europe
Will Cost Disclosure be the Halloween of MiFID II
Will Cost Disclosure Be The 'Halloween' of MIFID II? Just when wealth managers thought that they could draw a sigh of relief, knowing that their MiFID II obligations were, if not a thing of the past, at least a part of business as usual, a sense of foreboding is once again creeping into the collective consciousness of wealth management firms. The European Union's consumer protection regulation has radically changed the way costs and charges are presented for funds and this may well prove to be…
31 August, 2018 | by Tanveer Hafeez Global head of IT - Wealth Intelligence, Contemi Europe
Wealth Management Platform (WIN) from On-Premise to SaaS On AWS Cloud
Transitioning Our Wealth Intelligence (WIN) Platform from On-Premise to SaaS on Amazon Web Services (AWS) in Partnership with Intelisecure & Infradata As we transition our Wealth Intelligence platform from on-premise to SAAS (software as a service) into the Amazon Web services (AWS), we have partnered with Intelisecure and Infradata to ensure scalability, security and reliability. Intelisecure will be providing vulnerability management, Pen testing and SIEM services on the new WIN platform. With…
20 August, 2018 | by Matt Gunnell, Product Manager - Wealth Intelligence, Contemi Europe
WIN Platform Launch in Detail
Wealth Intelligence (WIN) Platform Launch in Detail In this article, Matt Gunnell, our Product Manager, Wealth Management Solutions talks about the recently launched Wealth Intelligence (WIN) Platform in detail (what it is, what we have done so far & what we have planned). Wealth Intelligence (WIN) Platform Overview In March 2018, we launched our new Wealth Intelligence (WIN) platform unleashing a host of new modules whilst uniting many of its award-winning wealth management solutions into one…
14 July, 2018 | by Amrik Sanghera, Lead Business Consultant - Wealth Intelligence, Contemi Europe
Wealth Management Challenges: Client Retention in the Digital Age
Wealth Management Challenges: Client Retention in the Digital Age There is a growing awareness in wealth management circles concerning the need for wealth managers and financial advisors to preserve the investment assets that they currently manage, as they are passed to the next generation. Obviously, some of those assets will shift into pension drawdown plans to cover day-to-day living expenses, but there will remain a sizeable proportion of estates (particularly among high net worth…
21 December, 2017 | by Steve Martin, Senior Business Consultant - Wealth Intelligence, Contemi Europe
ESMA's relief for LEI requirements under MiFID II, what does it mean
ESMA grants last-minute relief on LEI requirements under MiFID II – what firms need to know On December 20, 2017 the European Securities and Markets Authority (ESMA) issued a statement to support the smooth implementation of Legal Entity Identifiers (LEI) requirements under the Markets in Financial Instruments Regulation (MiFIR). Concerns raised by Market Participants around obtaining LEIs under MiFID II Many investment firms and trading venues had raised concerns that they will not be able to…
30 November, 2017 | by Steve Martin, Senior Business Consultant - Wealth Intelligence, Contemi Europe
MiFID II the final countdown
MiFID II The Final Countdown I attended the PIMFA MiFID II Conference on Tuesday 24th October, and it was pleasing to hear some very positive and complimentary feedback from a number of clients about our software solution, the advice and support we have provided and our whole MiFID II delivery. It was surprising and worrying to hear some of the comments expressed by some speakers and panel members, as well as questions from the floor during the networking breaks. Even after Stephen Hanks from…
07 November, 2017 | by Steve Martin, Senior Business Consultant - Wealth Intelligence, Contemi Europe
Are you ready for MiFID II
MiFID II: Wealth Managers, Are you ready for 3rd January 2018? In June, the European Commission announced the application date of MiFID II and MiFIR had been delayed by one year to 3rd January 2018. The news was greeted by many with a huge sigh of relief. Plenty of people had been warning that it would be impossible for firms to be ready for such all-encompassing and far reaching changes by the end of 2016. When the delay was announced 2018 seem someway off. As we approach the end of 2016, it's…