2023 APAC Wealthtech Landscape Report
The market for wealth managers in the APAC region is still far from homogenous in terms of clients, their wants and needs, and the way in which that is delivered. What has become obvious, however, is that the growth the region was already seeing is snowballing. Assets under management (AUM) in the region are set to see staggering growth; set to reach US$29.6 trillion by 2025, up from US$15.1 trillion in 2017, according to PwC.
As a result, the democratisation of the wealth management community in Asia has led to rapid technological adoption. Online distribution through robo-platforms, retail shopping, and other social media platforms, have come to the fore as distribution channels for a new wealth management industry. Things have changed at the top end too, with expectations around personalisation, customisation and service leading to an uptick in the popularity of the family office and multi- family office model.
In collaboration with The Wealth Mosaic, this report highlights the most relevant and impactful technology topics for the APAC wealth management. Currencycloud features in the report to discuss why multi-currency capabilities are essential for wealth management firms and how embedding finance into their core infrastructure provides better capabilities and accessibility to their intended client segment. Download it now!