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Feb. 28, 2017
Report: Digital Account Aggregation in Wealth Management 2017

Clients and Regulators Press for Automated Account Aggregation

Report: Digital Account Aggregation in Wealth Management 2017

Wealth management clients increasingly expect to access account information from various institutions in one digital interface and wealth managers are perfectly placed to take advantage of new automated account aggregation technology. Based on an in-depth analysis the status, trends and drivers in digital account aggregation in the United States, Europe and Asia the MyPrivateBanking report Digital Account Aggregation in Wealth Management 2017“ predicts that digital account aggregation will be the new normal in wealth management over the next 5-10 years. 

Three key drivers will speed-up the demand for digital account aggregation offerings

By comparing the strengths and weaknesses in current automated account aggregation in retail banking and wealth management the report identifies significant opportunities for early adopters. No wealth manager should risk to be to late because several key drivers in the fields of regulation, client expectations and competitive environment will speed-up the demand for digital account aggregation offerings rapidly. The report investigates in detail these drivers and lays-out why and how wealth managers still have the - rapidly closing - opportunity to choose to implement on their own terms and therefore retain more control over the process.

The report illustrates manifold good reasons that wealth managers are perfectly placed to take advantage of new automated account aggregation technology, as this allows them to, among other things to increase advisor efficiencies and client loyalties. All benefits from automated account aggregation are detailed in the report and as well step-by-step recommendations on how to successfully integrate automated account integration into the long-term digital strategy.

Wealth managers can benefit from automated account aggregation if they play it right    

The implementation of automated account aggregation into wealth managers’ digital strategy should hereby be along three key pillars which are presented in the report. In a special additional assessment, the report explores how wealth managers can identify the perfect technology provider for their needs and identifies the leading vendors. 8 extensive case studies showcase their capabilities of account aggregation with screenshots, analysis and an evaluation of each solution along 10 criteria.

This independent research is based on exclusive insights from in-depth interviews with executives in the banking and wealth management sector working in the field of account aggregation and as well relevant consultants and IT-vendors. The report is the resource to understand the implications regulation and technology will have on client information expectations and the resulting account aggregations needs and how wealth managers can benefit from automated account aggregation if they play it right.


About the report:
The report „Digital Account Aggregation in Wealth Management 2017“ analyzes the status, trends and drivers in account aggregation in the US, Europe and Asia, compares automated account aggregation used by retail banking and wealth managers and identifies leading platforms and vendors. The research is based on in-depth interviews with executives in the banking and wealth management sector working in the field of account aggregation and as well relevant consultants and IT vendors.

Analyzed vendor solutions: Blueleaf, ByAllAccounts/Morningstar, Canopy, eWise, Privé Managers, Quovo, SS&C/Advent (Black Diamond), Yodlee (Envestnet)

Case studies retail solutions: Deutsche Bank, MINT, Personl Capital, zuper.

 

My Private Banking



Report: Digital Account Aggregation in Wealth Management 2017

Clients and Regulators Press for Automated Account Aggregation

  Feb. 28, 2017

Report: Digital Account Aggregation in Wealth Management 2017

Wealth management clients increasingly expect to access account information from various institutions in one digital interface and wealth managers are perfectly placed to take advantage of new automated account aggregation technology. Based on an in-depth analysis the status, trends and drivers in digital account aggregation in the United States, Europe and Asia the MyPrivateBanking report Digital Account Aggregation in Wealth Management 2017“ predicts that digital account aggregation will be the new normal in wealth management over the next 5-10 years. 

Three key drivers will speed-up the demand for digital account aggregation offerings

By comparing the strengths and weaknesses in current automated account aggregation in retail banking and wealth management the report identifies significant opportunities for early adopters. No wealth manager should risk to be to late because several key drivers in the fields of regulation, client expectations and competitive environment will speed-up the demand for digital account aggregation offerings rapidly. The report investigates in detail these drivers and lays-out why and how wealth managers still have the - rapidly closing - opportunity to choose to implement on their own terms and therefore retain more control over the process.

The report illustrates manifold good reasons that wealth managers are perfectly placed to take advantage of new automated account aggregation technology, as this allows them to, among other things to increase advisor efficiencies and client loyalties. All benefits from automated account aggregation are detailed in the report and as well step-by-step recommendations on how to successfully integrate automated account integration into the long-term digital strategy.

Wealth managers can benefit from automated account aggregation if they play it right    

The implementation of automated account aggregation into wealth managers’ digital strategy should hereby be along three key pillars which are presented in the report. In a special additional assessment, the report explores how wealth managers can identify the perfect technology provider for their needs and identifies the leading vendors. 8 extensive case studies showcase their capabilities of account aggregation with screenshots, analysis and an evaluation of each solution along 10 criteria.

This independent research is based on exclusive insights from in-depth interviews with executives in the banking and wealth management sector working in the field of account aggregation and as well relevant consultants and IT-vendors. The report is the resource to understand the implications regulation and technology will have on client information expectations and the resulting account aggregations needs and how wealth managers can benefit from automated account aggregation if they play it right.


About the report:
The report „Digital Account Aggregation in Wealth Management 2017“ analyzes the status, trends and drivers in account aggregation in the US, Europe and Asia, compares automated account aggregation used by retail banking and wealth managers and identifies leading platforms and vendors. The research is based on in-depth interviews with executives in the banking and wealth management sector working in the field of account aggregation and as well relevant consultants and IT vendors.

Analyzed vendor solutions: Blueleaf, ByAllAccounts/Morningstar, Canopy, eWise, Privé Managers, Quovo, SS&C/Advent (Black Diamond), Yodlee (Envestnet)

Case studies retail solutions: Deutsche Bank, MINT, Personl Capital, zuper.

 

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