Julius Baer has rolled out its Digital Advisory Suite (DiAS) in Asia that aims to simplify the complexity of regulations for relationship managers, enabling them to offer compliant advice to clients.
The suite acts as a fully integrated solution, ensuring a seamless end-to-end advisory process, providing relationship managers with a holistic overview of client situations and identifying opportunities for engagement.
DiAS was designed to boost efficiency by navigating regulations, automating administration and saving time in delivering investment advice.
It screens Julius Baer’s investment universe and recommends investment ideas that meet clients’ investment objectives and risk appetite levels.
It goes beyond previous systems by blending machine learning algorithms with the precise requirements of relationship managers.
Nicolas de Skowronski
Nicolas de Skowronski, Co-Head of Investment and Wealth Management Solutions, Bank Julius Baer commented,
“At Julius Baer, we believe that it is paramount to leverage technology to innovate and constantly enhance our services. Julius Baer is one of very few international private banks to have all their major booking centres on one digital advisory platform.
To achieve such significant efficiency gains while still keeping the platform connected to our vast technology architecture, we needed a bespoke solution such as DiAS which was created from scratch by our teams across Zurich and Asia.”
Jimmy Lee
Jimmy Lee, Head Asia Pacific, Bank Julius Baer said,
“In light of changing market conditions and the evolving needs of clients in Asia, it is increasingly imperative for the financial industry to accelerate innovation and digital transformation.
Integrated digital advisory platforms such as DiAS will empower relationship managers to manage portfolios efficiently and serve our clients in the region with best-in-class advice and customised solutions. Julius Baer will continue to invest significantly in technology to help relationship managers strengthen personal connections with clients.”
Featured image credit: Edited from Unsplash
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Source: https://fintechnews.sg/50372/wealthtech/julius-baer-rolls-out-digital-advisory-platform-for-regtech-compliance-in-asia/
