Technology and Wealth Management

Business Trends & its Impact

June 19, 2017
Disclaimer

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Agenda

1 Current Scenario

2 Trends in Wealth Management Marketplace

3 Trends in Wealth Management Technology

4 Future of Technology in Wealth Management

How have the Rich Grown??

48%

Asia

104%

34%

Rest of the World

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The Rich in India!!

693 1095
Billionaires UHNWI REST OF INDIA
India UHNWI
ranking to improve
from 20th to 19th in
by 2014
157 373

337
India UHNWI DELHI
ranking to
improve from 20th 20 46
to 19th in by 2014
AHMEDABAD
39 92
HYDERABAD
619 1490
165
157

MUMBAI

136
49 111
CHENNAI
75 164
68
65

BENGALURU
25
10

PAST CURRENT 1 CURRENT 2 FUTURE

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Where are the Rich Investing?

Alternative
Investments

13% Cash &

Deposits
26%

Fixed 17%
Income

18% 26%
Equities

Real
Estate

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The Credit Story

18% of HNWI assets financed through borrowed money

Whos borrowing more? Why are they borrowing?

HNWIs under 40
27% of assets

Wealthiest HNWIs
22% of assets
Investments
Female HNWIs 40% of HNWIs
19% of assets
Real Estate
22% of HNWIs

Business Purposes
14% of HNWIs

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What Advice do the Rich want??

Measuring
effectiveness of the
social impact plan

Identifying
key goals

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The Rich and Social Causes?

54% are looking for more advice

May not from Wealth Managers
take advice
20 18
30% Get it from
Wealth Managers

12

Get it from 22

Friends

28

Get it from Family Members

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New Digital Wealth Managers?

Telcom
Companies

Technology Retailers
Companies

Aggregators
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Wealth Management Technology
Using
Advisors not Different
Causes of interacting in Tech
a digital Solutions for
Client Dissatisfaction Technology
manner Different
not able to Clients
keep pace
with
Aggregation demands
Solutions are
very
attractive
On the move

A
Comprehensive
Consistent Solutions
experience
Goals-
based Solutions customer expect
planning from wealth managers
360 view
of all
holdings a
top
What Area of Technology are of Interest?
Mobility and
customer centric tools
Meeting regulatory
& compliance
requirements
Big Data

Solutions for Managing

profitability Cloud Based
of customers And Social Media
Management

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How is the Cloud Helping?

SaaS increases Self Service

Capabilities
SaaS improves
scalability and
integration
The Pay as you Use
Model Lowers Capex
and TCO SaaS

SaaS allows for quick Go To

Market and Customer SaaS Allows for Scale
Engagement SaaS in Operations and Efficiencies
 Success Stories
A Private Bank in India delivers enhanced customer experience
Products:
Demographics: Private wealth management, Investment
Over 1250 branches, 1, 900 ATMs across banking, trade finance services, cash
640+ locations management and financial product
distribution
A leading bank provides single view window across all its products to their customers
Products:
Retail Banking, Consumer
Demographics:
banking, corporate banking, finance and
Over 3,603 branches, 11,162 ATMs
insurance, investment banking, mortgage
presence in 19 countries.
loans, private banking, wealth
management
From Financial Offering to Service Excellence
Demographics :
Products:
Over 1482 locations across 526 cities with
Wealth Management, Retail Broking &
740,000 registered customers in India.
Distribution, Commodity Broking, Asset
First Indian company to offer International
Management, Institutional Broking,
funds.
Private Equity, Investment Banking
Total Assets:
6/19/2017 Services & Principal Strategies
$88.64 Million
Benefits:
Solution:
360 degree portfolio view, easy analytics
MoneyWare Wealth Management Suite
& reporting, minimal manual errors
Benefits:
One solution for all asset classes,
Solution:
Integrated view of clients across all
MoneyWare Wealth Management Suite
relationship with the bank, handling 500,
with Mobility solutions
000 accounts with an increase of 10% p.a.,
seamless reporting and analytics.
Benefits:
Integrated view of the clients portfolio
and asset classes, One central application
Solution: to upload into all the systems such as
MoneyWare Wealth Management Suite CRM, Mutual Funds and Equity, The
robust solution design allows other
systems to run smoothly even if the
systems were down
About Miles Software
Suite
Trusted Techno
Functional Technology
Partner
Over 300 customers
across 16 countries
Over a decade
experience in Financial
domain across
geographies
Catering to businesses
with over $ 200 billion
Assets Under
Management
Proven market
leadership in Wealth,
Asset and Portfolio
Management
 Contact Us

India UAE Philippines Partner Office Europe

Miles Software Solutions Pvt. Ltd. Miles Software Solutions FZ-LLC Miles Software Solutions Inc. Funds-Axis Limited
B - 801, Trade World, Kamala Mills, 210, Level 2, The Loft Offices, Penthouse, 7944 Mavenue Building, 31 Southampton Row,
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T: +91-22-66518400 T: +971 (4) 422 5817 T: +63 920 9525419 T: +44-7977-250034

www.milessoft.com
June 19, 2017