PWM Wealth Tech Summit 2022 - Big tech disruption: big problem or big opportunity?
Global tech giants have long been making inroads into the financial services industry marking a new dynamic and a new ecosystem of wealth management merged with technology. Client demands are changing to focus on lower cost, personal and digital experiences, offering an opportunity for data-led business to steal the market share. With speculation rife about the competitive threat, does this open the conversation for partnership opportunities? Are big techs really a threat to the large, mature and very well-established global players? Will tech titans struggle to replicate the types of relationships or will brand credibility align with the needs of tomorrow’s investor? Would seasoned investors trust big techs to manage their money and portfolios to their satisfaction? What does a big tech partnership look like and how can they help to differentiate offerings and opportunities?