IRESS Predictions 2018: Regulation. Transformation. Conversation

Preview:

Citation preview

Predictions 2018Regulation. Transformation. Conversation.

What will shape the

delivery of financial

services in 2018?

Themes

3

Regulation

1

Continues to be a major focus.

MiFID II and GDPR will

bring radical change

but firms will adapt.

REGULATION

In the shakeout from

GDPR & MiFID II we

expect a new global

benchmark to emerge.

Andrew Walsh, CEO

REGULATION

Firms will look to technology

to solve the challenges of

regulatory compliance.

REGULATION

We’ll see further

innovation in RegTech,

answering a massive

need to control costs.

Andrew Walsh, CEO

REGULATION

Transformation

2

The focus shifts to driving better

outcomes and value for clients.

The pace of technological

change will bring massive

distraction risks.

TRANSFORMATION

Firms must stay

focused and align

technology closely to

their business models.

Andrew Walsh, CEO

TRANSFORMATION

TRANSFORMATION

Blockchain will bring greater efficiency, cost savings and better user

experiences.

With cryptocurrencies now

a viable asset class, smart

contracts will be the

next to take off.

Andrew Todd, CTO

TRANSFORMATION

Personal data will be a key

asset for competitive

advantage.

TRANSFORMATION

Solutions that produce

insights and decisions from

data patterns will become

increasingly commonplace.

TRANSFORMATION

Aaron Knowles, Group Executive, Product

Conversation

3

The rise of the hybrid planner.

Bots and AI will add further

innovation and value to the

advice process.

CONVERSATION

In 2018 conversational

interfaces such as voice

and chatbots will become

established as another channel

for financial services.

Aaron Knowles, Group Executive, Product

CONVERSATION

As clients seek more

options and flexibility,

advisers must adapt.

CONVERSATION

A hybrid model will dominate

where advisers will use the

best technology available

while preserving face to

face engagement.

Andrew Walsh, CEO

CONVERSATION

Read more at

iress.com

Delivering outcomes today,

developing for tomorrow and

designing for the future.

iress.com

Recommended