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Technology's Transformation Of Wealth Management - Views From EPAM

Editorial Staff

9 March 2020

The fintech industry has truly started to affect the wealth management and wider sector, driving changes such as mergers, as seen in the Charles Schwab/TD Ameritrade and Morgan Stanley E*TRADE combinations of recent weeks. 

Fintech is disrupting conventional business models, even if some of the fintech players aren’t making huge sums at the moment, Balazs Fejes, global co-head of business at , told WealthBriefing in Geneva in February. 

Technology is changing the value chain of wealth management, and making an impact, even though some of the hype around “robo-advisor” models has worn off from where it was about two years ago, Fejes said. Fejes’ comments can be seen on this video link here.

This publication held a panel discussion, alongside EPAM, and other firms, about the effect that technology has on wealth management. Panellists were Panos Archondakis, senior director, account management at EPAM, Niels Bom-Olesen, chief executive, Hyposwiss Banque Privee; Balazs Fejes co-head of global business at EPAM; Laurence Mandrile Aguirre, managing director, Citi Private Bank, and Mathieu Saint-Cyr, managing director, Geneva Management Group. The event was held at the Fairmont Hotel in Geneva. 

Fejes' colleague, Archondakis, also spoke to WealthBriefing about some of the key take-home points from the panel. These comments can be viewed here. Archondakis and Fejes were interviewed by Stephen Harris, chief executive of ClearView Financial Media, the publisher of this news service.

See another story here about EPAM.