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Digital Wealth Management

About This Course

This course focuses on how the use of new technologies, in particular artificial intelligence (AI), is changing the banking and private wealth management industry. We will start by having an overview of how the industry has evolved as more technology is deployed in the areas of financial advisory and client engagement. We will then elaborate on the new areas of competition the industry faces and how banks are preparing and using the latest technologies to compete effectively.

Next the course will give you an introduction to the latest technologies that are being deployed in the industry including robo-advisory, robotic process automation(RPA), blockchain, and machine learning technologies. We then highlight some results from financial institutions that have utilised these technologies including the impact on on-boarding, customer relationship management and compliance.

Who Should Attend

All levels of bank officers or higher that would like to get an overview of the impact of technology on banking and private wealth.

Learning Outcomes

  • Understand competitors in banking and private wealth management
  • Awareness of how artificial intelligence works (eg. robo-advisory, blockchain, RPA)
  • Understand how to these technologies will impact the bank from 3 areas:
    • On-boarding
    • Client engagement and relationship management
    • Compliance

Overview of the changing banking and private wealth management

  • Challenges faced by the industry
  • Industry response to the challenges
  • How technology help to address challenges

A brief introduction to artificial intelligence and other technologies

  • What is artificial intelligence, robo-advisors, machine learning, etc
  • Other technologies impacting industry: Machine Learning/ Blockchain/ Robotic Process Automation, etc.
  • Evolution of the technology over the decades
  • Areas where AI is already being deployed successfully
  • Which areas it will be deployed in the industry

The Impact of Technology on Banks

  • On-boarding
    • Examples of technologies
    • Impact on banks’ efficiency and performance
  • Customer engagement /relationship management
    • Examples of technologies
    • Impact on banks’ efficiency and performance
  • Compliance
    • Examples of technologies
    • Impact on banks’ efficiency and performance

Summary

  • Key takeaways

Alvin Yap

CFA

Alvin has over 27 years of investment experience. His experience ranges from investing in listed securities (enquiries, bonds, currencies, options) and unlisted to structured investments including venture capital/private equity. He has invested funds for institutions, private companies and high net worth individuals. He has worked for major institutions including the Government of Singapore Investment Corporation, American Express Asset Management, Emirates NBD Bank, UBS AG, and OCBC Private Bank. In 2000, he set up several VC funds anchored by major government institutions including TIF Ventures (Singapore Economic Development Board) and Khazanah Berhad (investment arm of the Malaysian government). Alvin holds the CFA charter since 1994. He graduated Summa Cum Laude in Business Administration from Boston University in 1989. Over the last 6 years, he lectures on Investment Management at University of London (External Programs), Global Issues for the Financial Professional (MSc in Professional Accountancy – UOL/LSE London) and provides corporate training at SMU University (Singapore) for private bankers.

During his time at GIC, Alvin had explored the deployment of neural networks in finance with the National Science and Technology Board. Alvin currently heads the fund management team at Avallis Investments Pte Ltd, a LFMC based in Singapore. The firm will launch an artificial intelligence-based fund that leverages on deep learning computer technologies. The system trades autonomously and is self-evolving in its trading rules as market conditions change. Alvin also sits on the board of Erudite Engineering Services Ltd, a Bangkok based technology firm that is a university spinoff from the high-performance computing department. Erudite specializes in research in computational finance and deploys artificial intelligence in financial markets for advisory, asset allocation and autonomous trading.

The Financial Training Scheme (“FTS”)

The Financial Training Scheme (“FTS”) is a training incentive scheme supported by the Financial Sector Development Fund (FSDF). The scheme supports financial sector-specific training programmes that raise the competency of the financial sector.

All our programmes are approved for listing on the Financial Training Scheme (FTS) Programme Directory and are eligible for FTS claims, subject to all eligibility criteria being met. For latest development on the Enhanced Funding Support for IBF FTS, please visit the Financial Training Scheme site.

Early Bird Discount

Enjoy 10% early bird discount when you register one (1) month before the course commencement date.

Digital Wealth Management

FTS

Newly Accredited
Course Features
  • Duration
    1/2 Day
  • CPD
    3 Hours
This course is offered for our on-site corporate classroom training.
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