This study published by Broadridge contains some interesting and fun statistics on the state of digital transformation within financial services in Canada. The poll of 100 senior financial services players highlights the slow pace of digital transformation. One of the most telling stats is that only 17% of executives have given themselves an “A” in […]
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The International Organization of Securities Commissions Technical Committee’s (TC) Standing Committee on the Regulation of Market Intermediaries (TCSC3) and its Standing Committee on Investment Management (TCSC5) (collectively: the Joint Group) have published for public consultation this Consultation Report on Principles on Point of Sale Disclosure. The Consultation Report sets out a set of principles that […]
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This McKinsey article highlights some challenges and opportunities with digital transformation in the banking sector. One of the most disturbing findings in this article is that “nearly 50 percent of global banks say that their latest digital investments are failing to generate returns greater than the costs of capital.” We have had a number of […]
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This McKinsey & Co. article “Digital Strategy – the Four Fights you have to win” is an excellent summary of the digital hurdles that lurk in many organizations. As we join our clients on their digital journeys, we see examples of these 4 fights around every corner. The article talks about the risk of incrementalism – […]
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Does the role of technology simply reduce costs and increase productivity? A recent report by Fidelity Clearing indicates that there are bigger benefits – including 42% higher AUM and 24% higher compensation for e-advisors (tech-savvy) – this report is an important read and sheds some new light on the value of technology in the advice […]
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We were recently interviewed for an article in Wealth Professional on the subject of Open Banking and how this movement will be a catalyst for digital transformation. I was interested to read McKinsey’s interview of 3 fintech CEOs on the same subject this morning. In order to balance the demands of new regulations and to […]
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At our recent client conference, one of the sessions was on the strategic value of blockchain. We are exploring the application of blockchain with several client applications and in doing so, the same question comes up – what is the strategic value? This article by McKinsey does a great job of positioning its value within […]
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Leverage Technology to Future-proof Your Business June 25, 2018 –By removing friction, adding convenience and changing the value proposition, you can protect your practice from the growing influence of robo-advisors. David Reeve believes technology will never replace the quality of human interactions, but it can be used to future-proof practices from the robo-advisors of this […]
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Rethink Failure “Success is not built on success. Not great success. Great success is built on failure, frustration, even catastrophe.” – Sumner Redstone The “fail fast” philosophy has been prolific among lean startups. The concept is simple – cut losses early when you find something that isn’t working and pivot to an alternate approach. […]
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Embrace AI or risk irrelevance, advisors warned May 7, 2018 – Advisors and dealers must embrace artificial intelligence or risk being rendered irrelevant, said a FinTech CEO. David Reeve, CEO of InvestorCOM believes the current tech-savvy generation and the advances of robo advisors are disrupting the industry, and it’s up to planners to meet these […]
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