{"product_id":"the-wealthtech-book-isbn-9781119362159","title":"The WEALTHTECH Book","description":"\u003cp\u003e\u003cb\u003eGet a handle on disruption, innovation and opportunity in investment technology\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe digital evolution is enabling the creation of sophisticated software solutions that make money management more accessible, affordable and eponymous. Full automation is attractive to investors at an early stage of wealth accumulation, but hybrid models are of interest to investors who control larger amounts of wealth, particularly those who have enough wealth to be able to efficiently diversify their holdings. Investors can now outperform their benchmarks more easily using the latest tech tools.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe WEALTHTECH Book \u003c\/i\u003eis the only comprehensive guide of its kind to the disruption, innovation and opportunity in technology in the investment management sector. It is an invaluable source of information for entrepreneurs, innovators, investors, insurers, analysts and consultants working in or interested in investing in this space.\u003c\/p\u003e \u003cp\u003e•    Explains how the wealth management sector is being affected by competition from low-cost robo-advisors\u003c\/p\u003e \u003cp\u003e•    Explores technology and start-up company disruption and how to delight customers while managing their assets\u003c\/p\u003e \u003cp\u003e•    Explains how to achieve better returns using the latest fintech innovation\u003c\/p\u003e \u003cp\u003e•    Includes inspirational success stories and new business models\u003c\/p\u003e \u003cp\u003e•    Details overall market dynamics\u003c\/p\u003e \u003cp\u003eThe WealthTech Book is essential reading for investment and fund managers, asset allocators, family offices, hedge, venture capital and private equity funds and entrepreneurs and start-ups.\u003c\/p\u003e \u003cp\u003ePreface  viii\u003c\/p\u003e \u003cp\u003eAbout the Editors  xi\u003c\/p\u003e \u003cp\u003eAcknowledgements  xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1. Introduction\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Augmented Investment Management Industry 7\u003c\/p\u003e \u003cp\u003eFinTech Disruption Across the Wealth Management Value Chain – Will FinTech Dominate the Wealth Management Model of the Future or is there Still a Place for Traditional Wealth Managers? 11\u003c\/p\u003e \u003cp\u003eEmbracing Emerging Technology 16\u003c\/p\u003e \u003cp\u003eWealthTech – Business as Unusual 19\u003c\/p\u003e \u003cp\u003eWelcoming an Artificial Intelligence Robot as a Colleague 23\u003c\/p\u003e \u003cp\u003eEssential Digitization in Wealth Management 28\u003c\/p\u003e \u003cp\u003eBecoming Millennial-Minded is Key for WealthTech 31\u003c\/p\u003e \u003cp\u003e“To Infinity and Beyond!” – Building WealthTech Applications has Never Been Easier 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2. Digitizing Client Advisory and Robo-Advisors\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTen Reasons Why Digital Wealth Management Will Become a Worldwide Market Standard 42\u003c\/p\u003e \u003cp\u003eWhat Do Wealthy Clients Think About Digital Wealth Management? 45\u003c\/p\u003e \u003cp\u003eChallenges of Digitizing Wealth Management Advisory 50\u003c\/p\u003e \u003cp\u003eThe Hybrid Advice Model 53\u003c\/p\u003e \u003cp\u003eNo “One Size Fits All” – Personalized Client Service and Social Selling in Wealth Management 57\u003c\/p\u003e \u003cp\u003eHow to Give “Sleep-Tight” Robo-Advice 62\u003c\/p\u003e \u003cp\u003eHow Gamification Can Attract Consumers to Sign Up 65\u003c\/p\u003e \u003cp\u003eThe Counter-intuitive Reality of Robo-Advice Demographics 68\u003c\/p\u003e \u003cp\u003eHow Emerging Technologies Will Change Emerging Markets – Welcome Robo-Advisor X.0! 71\u003c\/p\u003e \u003cp\u003ePresentation Technology – Enriching the Client Experience in a Physical and Virtual World 74\u003c\/p\u003e \u003cp\u003eDigital Super Powers – The Role of Artificial Intelligence in Wealth Management 77\u003c\/p\u003e \u003cp\u003eUsing Artificial Intelligence in Wealth Management 80\u003c\/p\u003e \u003cp\u003eDigital Asset Management in 2020 – Seven Theses 83\u003c\/p\u003e \u003cp\u003eMaking Digital Advice Personal is as Important as Making Personal Advice Digital 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3. Digitizing Wealth Management Operations\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDigital Business Model for Wealth Management Operations as Matchmaker of Generations 94\u003c\/p\u003e \u003cp\u003eHow a Digital Architecture Can Lead to Tangible Business Results 97\u003c\/p\u003e \u003cp\u003eThe Personalization Pillar 101\u003c\/p\u003e \u003cp\u003eDigitizing Wealth Management 105\u003c\/p\u003e \u003cp\u003eSurvival of the Fittest – Cyber Resilience 108\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4. Digital Platforms, Products and Ecosystems\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWealth Management-as-a-Platform – The New Business Architecture with PSD2 116\u003c\/p\u003e \u003cp\u003eWealth Management – Preparing for a Digital Revolution 120\u003c\/p\u003e \u003cp\u003eHow to Digitalize Wealth Management at Banks 123\u003c\/p\u003e \u003cp\u003eKey Success Factors in Gaining Market Share and Scale in Alternative Lending 127\u003c\/p\u003e \u003cp\u003ePersonal Financial Intelligence – AI and the Future of Money Management 132\u003c\/p\u003e \u003cp\u003eFinancial Forecasting and Portfolio Optimization in the 21st Century 135\u003c\/p\u003e \u003cp\u003eAI-Powered Wealth Management Products and Investment Vehicles 138\u003c\/p\u003e \u003cp\u003eWealth Managers Can Deliver Effective Client Outcomes with a Data-Driven Investment Process 142\u003c\/p\u003e \u003cp\u003eThe Business Case for Gender Equality 147\u003c\/p\u003e \u003cp\u003eFiduciary Robo-Selection is Possible in a New Fund Order 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5. Blockchain Applications in Asset and Wealth Management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCryptocurrencies and Blockchain 158\u003c\/p\u003e \u003cp\u003eHow Blockchain Drives Innovation in Asset Management 162\u003c\/p\u003e \u003cp\u003eUse Cases and Monetization Challenges of Blockchain Applications in Wealth Management 166\u003c\/p\u003e \u003cp\u003eBlockchain as a Backbone to Asset and Wealth Creation 170\u003c\/p\u003e \u003cp\u003eDreaming of a Ledger-Free, Globally Connected Wealth Management Industry 173\u003c\/p\u003e \u003cp\u003eTrust Arbitrage and the Future of the Wealth Manager – How Blockchain Innovations Can Crack the Code 177\u003c\/p\u003e \u003cp\u003eInvestment and Issuance Distributed in Blockchain 181\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6. Founders’ Success Stories\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLaunching MeDirect Bank as a Challenger Bank 190\u003c\/p\u003e \u003cp\u003eEmpowering Women Financially – The Why and the How 194\u003c\/p\u003e \u003cp\u003eWhy I Left Goldman Sachs for FinTech 197\u003c\/p\u003e \u003cp\u003eMoneymeets.com – Germany’s Leading Personal Finance Management Portal 199\u003c\/p\u003e \u003cp\u003eThe 100 Trillion Dollar Market Failure 203\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7. Enterprise Innovation\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJust Do It! Using the Buzz Around Innovation to Empower Banks and Asset Managers 210\u003c\/p\u003e \u003cp\u003eLeveraging Corporate Innovation by Opening Banks to External Ecosystems 213\u003c\/p\u003e \u003cp\u003eWealth Management is Dead, Long Live Wealth Management 216\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8. Global Overview of WealthTech\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIs the Future of WealthTech Already in China? 224\u003c\/p\u003e \u003cp\u003eWealthTech in Latin America 227\u003c\/p\u003e \u003cp\u003eChallenges in the Japanese Wealth Management Market – Digital Issuance and Distribution of Japanese Real-Estate Securitized Products 231\u003c\/p\u003e \u003cp\u003eHow to Unlock WealthTech in Turkey 234\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9. What is the Future of WealthTech?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Networked Client 244\u003c\/p\u003e \u003cp\u003eThe Investment Managers of the Future are Going to be Millennials 247\u003c\/p\u003e \u003cp\u003eEmpowering Asset Owners and the Buy Side 251\u003c\/p\u003e \u003cp\u003eAn Industry Driven by Digital, Data and Artificial Intelligence 254\u003c\/p\u003e \u003cp\u003eWealthTech – Taking Private Banking and Wealth Management Digital 257\u003c\/p\u003e \u003cp\u003eThe Wealth Management Canvas – A Framework for Designing the WealthTech Firm of the Future 260\u003c\/p\u003e \u003cp\u003eThe Ingredients of IKEA’s Approach for a Starry Wealth Management – Choose to Change the Competitive Arena in a Mature Sector 264\u003c\/p\u003e \u003cp\u003eFinTech and the Wealth Management Challenge 267\u003c\/p\u003e \u003cp\u003eCognitive Decision-Making with “Insights-as-a-Service” 271\u003c\/p\u003e \u003cp\u003eMore Banking for Less Money 273\u003c\/p\u003e \u003cp\u003eHow AI Will Cause Robo-Advice to Completely Outperform Human Advice 275\u003c\/p\u003e \u003cp\u003eSecurity in the Future of WealthTech 279\u003c\/p\u003e \u003cp\u003eHow China is Shaping WealthTech and the Future of Financial Services 282\u003c\/p\u003e \u003cp\u003eFrom the Technological to the Financial Singularity – A Journey Without Return to the Future of Finance 285\u003c\/p\u003e \u003cp\u003eWelcoming the 2058 Class of the “Galactic Academy of Wealth Management” 289\u003c\/p\u003e \u003cp\u003eList of Contributors 292\u003c\/p\u003e \u003cp\u003eIndex 309\u003c\/p\u003e \u003cp\u003e\"There is... a very rich, well-written amount of information in this book that business development managers, RMs, intermediaries and, yes, clients, can exploit.\" (WealthBriefing.com, October 2018)\u003c\/p\u003e \u003cp\u003e\"... a useful place to get ideas, inspiration and insights into what is happening in the industry, and what to expect coming down the line in the near future.\" (\u003cem\u003eIrish Tech News,\u003c\/em\u003e June 2018)    \u003c\/p\u003e\u003cp\u003e\u003cb\u003eSUSANNE CHISHTI\u003c\/b\u003e is the Founder and CEO of FINTECH Circle and the FINTECH Circle Institute, the leading peer-to-peer learning platform providing in-person and online courses across fintech enterprise innovation, WealthTech, InsurTech, artificial intelligence and blockchain applications in finance, crypto-currencies and startup methodologies. As Co-Editor of the global Bestseller \u003ci\u003eThe FinTech Book\u003c\/i\u003e, she has been selected as a \"City Innovator – Inspirational Woman\" after working for 15 years across Deutsche Bank, Lloyds Banking Group, Morgan Stanley Investment Management and Accenture in London and Hong Kong. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTHOMAS PUSCHMANN\u003c\/b\u003e is Founder and Director of the Swiss FinTech Innovation Lab at the University of Zurich and member of the Swiss Innovation Council Innosuisse. Before his current position, Thomas was heading a large international financial services research project at the Universities of St. Gallen and Leipzig and was a visiting scholar at the MIT Sloan School of Management. He is an advisor for many strategic national and international initiatives and an advisory board member of various institutions.     \u003c\/p\u003e\u003cp\u003e\u003cb\u003eWORK\u003c\/b\u003e \u003cb\u003e\u003ci\u003eWITHIN\u003c\/i\u003e\u003c\/b\u003e\u003cb\u003e THE FINTECH DISRUPTION TO CAPTURE A NEW, MORE LUCRATIVE MARKET\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003eLow-cost robo-advisors, blockchain-based systems, new business models and a proliferation of direct-to-client applications are already affecting the wealth management sector. This trend will only grow as global wealth continues to increase, and new technologies such as big data analytics, artificial intelligence and distributed ledger technologies enable entirely new and more cost-effective and client-responsive approaches to wealth management. \u003ci\u003eThe WealthTech Book\u003c\/i\u003e helps savvy practitioners join the digital evolution of the financial services industry, with a comprehensive resource for competing in the new paradigm.  \u003c\/p\u003e\u003cul\u003e \u003cli\u003eLearn the latest developments in wealth management technology\u003c\/li\u003e \u003cli\u003eExamine the insights of cutting-edge scientists and practitioners\u003c\/li\u003e \u003cli\u003eExplore new approaches to analytics, data mining and more\u003c\/li\u003e \u003cli\u003eUnderstand market dynamics and the future of wealth management\u003c\/li\u003e \u003cli\u003eFuture-proof your career with fintech innovation\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003eThe movement toward digitization along the entire wealth management value chain is not going away, and traditional approaches are already floundering as wealth management becomes more accessible, affordable and eponymous. \u003ci\u003eThe WealthTech Book\u003c\/i\u003e provides investors, advisors and finance visionaries with an invaluable resource for tapping the huge customer potential of this rising market.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990365782245,"sku":"NP9781119362159","price":39.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119362159.jpg?v=1761787531","url":"https:\/\/k12savings.com\/products\/the-wealthtech-book-isbn-9781119362159","provider":"K12savings","version":"1.0","type":"link"}