View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 20, 2021

IntellectEU unveils AI platform for hyper-personalisation in wealth management

By Verdict Staff

IntellectEU has launched an AI platform called VELMA to bring in hyper-personalisation in wealth management.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The platform is designed to enable financial advisors to offer customisation in every aspect of the customer lifecycle.

The platform learns from both client and product data to elevate customer satisfaction and make advisors more efficient.

A recent report revealed that 60% of HNW individuals are unsatisfied with the level of personalisation offered by the advisers, while 33% are uncomfortable with the high costs.

IntellectEU said these trends signal the necessity for a transformation in wealth management based on technology and smart use of data.

VELMA product manager Maxim Piessen said: “Automated personalisation was introduced by major tech companies and has become an integral part of most aspects of daily life.

“In wealth management, however, more personalisation equals a greater time investment for the advisor. VELMA puts the technology that is being used by the big tech companies in the hands of the asset manager to create a better customer experience for their clients.”

VELMA’s machine learning models provide new actionable insights based on customer and product data.

These models are said to identify prospective clients and give advisors information to better serve their requirements and create new business.

Additionally, it will also enable advisors to deliver new investment ideas to existing clients, the company added.

The platform also offers optimal asset allocation and data to analyse historical and future risk as well as return.

Last week, Julius Baer rolled out its digital advisory platform in Asia, with an aim to help its advisers improve the quality and quantity of client interactions.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International