Technology and wealth management in digital age by Miles Software

Technology and Wealth Management in the Digital Age

August 28, 2015

Disclaimer

• All trademarks or logos used throughout this presentation are for representational purpose only. These properties belong to their respective owners

• The content of this presentation may, at any time, be modified by Miles Software Solutions (P) Ltd.

• No warranty is made regarding the accuracy of the information contained in this presentation

Everything is CHANGING!

Clients

Competition

Technology

Business

34%

Rest of the World

48%

Asia

How have the Rich Grown??

104%

The Rich in India!!

August 28, 2015

10

65 68

13

6

25

15

7 16

5

33

7

PA ST CURRENT 1 CURRENT 2 FUTURE

Billionaires UHNWI

BENGALURU

75 164

AHMEDABAD

20 46

MUMBAI

619 1490

DELHI

157 373

HYDERABAD

39 92

CHENNAI

49 111

REST OF INDIA

693 1095

India UHNWI ranking to improve from 20th to 19th in by 2014

India UHNWI

ranking to

improve from 20th

to 19th in by 2014

Where are the Rich Investing?

26%

26%18%

17%

13%

Fixed

Income

Real

Estate

Cash &

Deposits

Equities

Alternative

Investments

The Credit Story

18% of HNWI assets financed through borrowed money

Who’s borrowing more?

HNWIs under 40

– 27% of assets

Wealthiest HNWIs

– 22% of assets

Female HNWIs

– 19% of assets

Why are they borrowing?

Investments

– 40% of HNWIs

Real Estate

– 22% of HNWIs

Business Purposes

– 14% of HNWIs

What Advice do the Rich want??

Measuring effectiveness of the social impact plan

Identifying key goals

The Rich and Social Causes?

18

12

28

22

20

May not

take advice

Get it from

Friends

54% are looking for more advice

from Wealth Managers

30% Get it from

Wealth Managers

Get it from Family Members

New Digital Wealth Managers?

Telecom

Companies

RetailersTechnology

Companies

Aggregators

Aggregation

Solutions are

very

attractive

Technology

not able to

keep pace

with

demands

Advisors not

interacting in

a digital

manner

Using

Different

Tech

Solutions for

Different

Clients

Wealth Management Technology

360⁰ view

of all

holdings

Goals-

based

planning

A

Consistent

experience

Comprehensive

Solutions

On the move

Causes of

Client Dissatisfaction

Solutions customer expect

from wealth managers

What Areas of Technology are of Interest?

Mobility and

customer centric tools

Big Data

Solutions for Managing

profitability

of customers

Meeting regulatory

& compliance

requirements

Cloud Based

And Social Media

Management

SaaS

SaaS allows for quick Go To Market and Customer Engagement

SaaS improves scalability and

integration

SaaS increases Self Service Capabilities

How is the Cloud Helping?

SaaS

The Pay as you Use Model Lowers Capexand TCO

SaaS Allows for Scale in Operations and Efficiencies

Success Stories

28/08/2015

A Private Bank in India delivers enhanced customer experience

Demographics:Over 1250 branches across 640+ locations

Products:Private wealth management, Investment

banking, trade finance services, cash management and financial product

distribution

Solution: MoneyWare Wealth Management Suite

Benefits: 360 degree portfolio view, easy analytics

& reporting, minimal manual errors

A leading bank provides 360⁰ view across all its products to their customers

Demographics:Over 3,603 branches with presence in 19

countries.

Products:Retail Banking, Consumer

banking, corporate banking, finance and insurance, investment banking, mortgage

loans, private banking, wealth management


with Mobility solutions

Benefits: One solution for all asset classes,

Integrated view of clients across all relationship with the bank, handling 500,

000 accounts with an increase of 10% p.a., seamless reporting and analytics.

From Financial Offering to Digital and Self Service Excellence

Demographics : Over 1482 locations across 526 cities with

740,000 registered customers in India. First Indian company to offer International

funds. Total Assets: $88.64 Million

Products: Wealth Management, Retail Broking & Distribution, Commodity Broking, Asset

Management, Institutional Broking, Private Equity, Investment Banking

Services & Principal Strategies


Benefits: Integrated view of the client’s portfolio

and asset classes, One central application to upload into all the systems such as CRM, Mutual Funds and Equity, The robust solution design allows other systems to run smoothly even if the

systems were down

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

About Miles Software

www.milessoft.com

India

Miles Software Solutions Pvt. Ltd.

B - 801, Trade World, Kamala Mills,

Lower Parel (W),

Mumbai – 400013.

T: +91-22-66518400

UAE

Miles Software Solutions FZ-LLC

210, Level 2, The Loft Offices,

Building# 2, Entrance C,

Dubai Media City, Dubai,

T: +971 (4) 422 5817

Philippines

Miles Software Solutions Inc.

Penthouse, 7944 Mavenue Building,

Makati Avenue, Makati,

Metro Manila, Philippines

T: +63 920 9525419

Partner Office – Europe

Funds-Axis Limited

31 Southampton Row,

London, WC1B 5HJ,

T: +44-7977-250034

Contact Us