The banking group has launched a new set of enhancements around its digital banking for wealth clients.

BNP Paribas has rolled out four upgrades to its digital banking solutions range, adding 10 offerings already made available to clients - a sign of the ferment around online wealth management services.

The Paris-listed bank said that within its myWealth platform, the features to be added in coming months are: myMeeting, myVirtual Assistant; WealthAggregator and myFeedback. 

The platform, which is open to international clients of the bank’s wealth business, has features such as biometric logins; online advisory and investment services; secure chat and video conferencing; an electronic vault to store documents; and a personalised newsfeed and chat-based trading platform. Other digital offerings include a lifestyle content service (“Youmanist”); news, financial insights and research for “smart investing”, and a network that enables co-investment opportunities with professional investors.

Separately, the bank said its financial literacy app, WealthQuest, is to be launched later in 2018. 

“We have accelerated the deployment of our digital transformation by rolling out these innovations in our key markets globally,” Vincente Lecomte, co-chief executive of BNP Paribas Wealth Management, said at a press conference in Singapore.

The bank said ideas from around 400 advisors, clients and others across the world were used to help drive ideas behind the new solutions.

The changes come at a time when banks in Asia and other regions use digital channels and devices to get an edge over their rivals, tapping into clients’ desire to track their money “on the hoof” at any time of the day, in a way that is secure from cyber-crooks. Other banks that have made digital offerings a big part of their strategy include DBS, Citi Private Bank, UBS and Credit Suisse. 

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