Wealth technologies: the future of wealth management
The 3rd Annual Middle East WealthTech Forum & Awards was held from May 3 to 4, 2023.
It left the resonance of copious knowledge and insight shared during this time. Then, Robert Hahm, the chief executive officer at Mashreq Capital (DIFC) Ltd, said:
“Technology will create new paths in investment decisions and asset management which probably don’t
His view perfectly reflecting the purpose of this year’s forum.
Discussions focused on the future trajectory of wealth and asset management and the dynamic characteristics of the market, opening it to a world of innovation.
Michael Makdah– the director of Market Intelligence at The Private Office of Sheikh Saeed bin Ahmed Al Maktoum & Seed Group, chimed in:
“I think we are on the cusp of experiencing something (in the wealth management space) that is truly revolutionary.”
Martin De Heus, the EMEA Director at Moxo, one of the event’s gold sponsors, shared thought-provoking ideologies and insights during the forum.
“Wealth management firms need to leverage the robust development of technology and use it to add value to their current operations.”
His comments marked lively discussions about how businesses operating in today’s markets should adapt, innovate and integrate disruptive’ technologies in the wealth sector to maximize consumer interaction and satisfaction.
The summit featured experienced speakers, including industry experts and thought leaders, who covered a
wide variety of topics, including the evolution of wealth management and the fears associated with welcoming the technology that is transforming the industry today.
Panels created opportunities for discussions and conclusions on where the Wealthtech industry needs to go.
Anand Krishnan, the director and Head of Technology at Emirates Investment Bank, while discussing the role of technology in navigating business operations and encouraging customer-centric approaches, pointed out how development technology has evolved, saying, “we are currently, and will always be, on a journey to find newer areas where banking can transcend.”
Christopher Flinos, the chief executive officer at HAYVN, also marked out the biggest threats and opportunities in wealth management.
“The challenge in our industry is the difficulty in advising independent investors who favor technology over wealth management professionals.”
Ajit Joshi, the managing director at SHUAA Capital, also pushed forward an intriguing thought, advising, “We will not be able to give up the human involvement when it comes to investment decisions; that is key.”
The composition of the knowledge and perspectives gathered in two days at the 3rd Annual Middle East WealthTech Forum & Awards, shined a great light on the future of wealth and asset management and the scope this industry has for growth.
This year’s summit was also supported by some of the leading experts in wealth management and technology, such as MOXO, Objectway Spa, Temenos, AG Delta, Futora, IntellectAI, Winsoft Technologies, and Wealth Dynamix, who actively participate in the provision of transformational technologies in the wealth management arena and more.
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