{"id":30077,"date":"2024-01-04T10:00:23","date_gmt":"2024-01-04T09:00:23","guid":{"rendered":"https:\/\/altoo.io\/?p=30077"},"modified":"2025-01-22T13:47:08","modified_gmt":"2025-01-22T12:47:08","slug":"wealthtech-en-asie-pacifique","status":"publish","type":"post","link":"https:\/\/altoo.io\/fr\/wealthtech-in-asia-pacific\/","title":{"rendered":"WealthTech en Asie-Pacifique"},"content":{"rendered":"\t\t
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Historically, wealth management services have had a higher focus on the high-net-worth individual (HNWI) segment. Since the affluent segment share is increasing in Asia-Pacific, countries like India, Indonesia, Malaysia, Thailand, and Vietnam could experience substantial AuM growth in the coming years.<\/span><\/p>

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Competition between Banks<\/b><\/h4>

The fact is that most of the top traditional foreign banks are expanding their presence in the region. At the same time, traditional Asian banks are working on strengthening their wealth management businesses and holdings in these markets. Both groups are experiencing growing competition from two types of technologically advanced players.<\/span><\/p>

One is the emerging WealthTech firms that are developing advanced B2B and B2C digital solutions, while the other is a challenge for banks\u2014virtual banks and payments firms (especially arms of tech giants)\u2014that have started acquiring financial services licences to capitalise on their wide customer base.<\/span><\/p>

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Financial Advisory and Digital Setup<\/b><\/h4>

In Asia-Pacific, wealth management companies are faced with significant opportunities to grow. According to McKinsey, the estimated \u201conshore\u201d PFA will be approximately USD 81 trillion by 2027\u2014about USD 1 trillion in revenue pools across the wealth continuum. The region is emerging as the leading destination for wealth management and private banking globally. The relaxed and pro-investment regulatory environments in markets such as Singapore and Hong Kong have been attracting a large amount of capital from around the world.<\/span><\/p>

Still, customers\u2019 requirements are changing: they seek needs-based financial advisory and multichannel engagement across a digital-hybrid setup. Personalised solutions are a natural part of development. With this and the growth of technology in the industry, the future of the wealth management industry is challenging.<\/span><\/p>

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HENRY\u00b4s in the Spotlight<\/b><\/h4>

Most people now see there’s a gap in the wealth management market, which is to serve the most underserved segment of the market: people who earn a decent sum of money\u2014so-called HENRYs (high-earning-not-rich yet). The mass affluent market has the capacity to save money but does not meet all the criteria to qualify for traditional wealth management services. Traditional wealth managers often have their eyes locked on servicing HNWIs and ultra-high net worth individuals (UHNWIs). This was a massive missed opportunity that WealthTech firms have readily filled.<\/span><\/p>

WealthTech firms have notedly enabled lower-cost, easier, and simpler access to wealth management services and products that were traditionally available only to HNWI individuals at a higher cost. \u201cWith high rates of adoption of digital financial services, this new generation of investors has more access to information and demands more sophisticated products and more control over their wealth journey,\u201d notices Theron Lam, Head of Product Development Southeast Asia at Schroders.<\/span><\/p>

WealthTech firms have particularly found a haven in Lion City, taking advantage of its location, regulatory environment, and reputation to attract investors across the region. \u201cAsia, in general, is the second largest wealth hub in the world after Europe, [and] Singapore has long been a regional hub of wealth,” said Leon Ong from<\/span> KPMG Singapore to Asian Banking & Finance<\/span>.<\/span><\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

La WealthTech est d\u00e9finie comme toute fintech de gestion de patrimoine bas\u00e9e sur la technologie qui facilite la distribution, la fabrication et les activit\u00e9s de post-march\u00e9 et de back-office tout au long de la cha\u00eene de valeur de la gestion de patrimoine. Gr\u00e2ce \u00e0 la croissance de son \u00e9conomie et \u00e0 l'augmentation de ses richesses, l'Asie-Pacifique est en train de devenir une r\u00e9gion importante pour la gestion de patrimoine \u00e0 l'\u00e9chelle mondiale. Toutefois, le secteur est encore naissant, avec environ 40 \u00e0 45% d'actifs financiers personnels (PFA) sous forme de liquidit\u00e9s et de d\u00e9p\u00f4ts.<\/p>","protected":false},"author":13,"featured_media":30078,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"cybocfi_hide_featured_image":"","two_page_speed":[],"footnotes":""},"categories":[184,86,487,89,39,38],"tags":[966],"class_list":["post-30077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-insights","category-explore-by-entity","category-fintech","category-multi-family-office","category-technology","category-wealth-management","tag-wealthtech"],"_links":{"self":[{"href":"https:\/\/altoo.io\/fr\/wp-json\/wp\/v2\/posts\/30077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/altoo.io\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/altoo.io\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/altoo.io\/fr\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/altoo.io\/fr\/wp-json\/wp\/v2\/comments?post=30077"}],"version-history":[{"count":9,"href":"https:\/\/altoo.io\/fr\/wp-json\/wp\/v2\/posts\/30077\/revisions"}],"predecessor-version":[{"id":39910,"href":"https:\/\/altoo.io\/fr\/wp-json\/wp\/v2\/posts\/30077\/revisions\/39910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/altoo.io\/fr\/wp-json\/wp\/v2\/media\/30078"}],"wp:attachment":[{"href":"https:\/\/altoo.io\/fr\/wp-json\/wp\/v2\/media?parent=30077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/altoo.io\/fr\/wp-json\/wp\/v2\/categories?post=30077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/altoo.io\/fr\/wp-json\/wp\/v2\/tags?post=30077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}