In a time when technological advancement is reshaping the landscape of the financial industry, private banks have significant implications. The emergence of open finance, which fosters transparency and inter-connectivity in financial services, presents these institutions with a unique opportunity.
Financial technology (FinTech) is offering opportunities for investments, creating new solutions and technologies, and increasing access to banking services. The sector is growing rapidly, and the reports suggest a notable gender gap. According to Findexable’s 2021 Diversity for Growth Report, women hold only 11% of all FinTech board seats and represent less than 20% of company executives.
With the rise of finance as a strategic business partner and the automation of several critical accounting processes, wealth managers are seeing a sea change in their functions. Thus, the function of the financial expert has evolved from that of a "number cruncher" to that of a storyteller. How can those in the financial sector better explain the reasoning behind their reports and decisions? We offer you a suggestion below.
In today's financial system, data and information security have become major concerns for identifying risks. The concern is particularly crucial for Family Offices (FOs) that manage the assets of wealthy families. Given the nature of their clientele, the risk of cyber threats looms. This section aims to provide an overview of the cybersecurity landscape specifically tailored to the SFO’s complexities.
Staying ahead of emerging threats is crucial to protecting your digital assets. The cybersecurity landscape of 2023 demanded a proactive and adaptive approach from organisations to effectively navigate the evolving threat environment. As we reflect on the past year, it's evident that the integration of advanced technologies, coupled with robust security measures, is critical for safeguarding digital assets in an ever-changing digital landscape.
An increasing number of famous luxury brands are accepting payments in cryptocurrencies. This article provides an overview of which brands are jumping on the crypto bandwagon, their reasons for doing so, why some competitors might be hesitant to follow suit, and other sectors in which crypto payments are catching on.
The new field of artificial intelligence (AI) holds both promise and danger. This is because the world is becoming more and more controlled by digital forces. On one hand, AI propels a new era of technological advancements, offering refined tools for managing vast financial empires. On the other hand, it potentially opens Pandora's box of cyber threats that could imperil the very foundation of these affluent legacies. As the digital footprints of UHNWIs and HNWIs grow, so does the target area for cybercriminals. This makes it very important to understand and navigate the complicated web of risks that come with
In the rapidly evolving world of finance, ultra-high-net-worth and high-net-worth individuals are discovering a formidable ally in supercomputing, revolutionising how portfolios are managed and decisions are made.

Insights On Wealth Management And More.

Delivered To Your Inbox, Weekly.
Left Menu Icon