Wealth management firms prioritize risk analytics and digital modernization

Recent industry studies highlight shifting priorities and technological challenges within the global wealth management sector. In Asia, specifically among professionals in Hong Kong and Singapore, financial advisers are increasingly prioritizing risk analytics, real-time pricing, and compliance support over simple access to alternative investments. According to iCapital’s annual Asia Advisor Survey, demand for risk and performance analytics tools rose by 22%, while difficulty assessing liquidity and risk exposure remains a primary obstacle. Despite declining economic sentiment in the region, over a quarter of advisers plan to increase allocations to alternatives over the next year.

Simultaneously, a study by Saxo reveals that banks in Europe, the Middle East, North Africa, and Asia-Pacific are facing pressure to modernize digital wealth and brokerage offerings. Many institutions are struggling with legacy technology, which averages 6.7 years of age. To address these gaps, 50% of surveyed decision-makers favor a hybrid operating model that combines internal expertise with outsourced providers. While 75% of respondents believe banks are well-equipped for digital propositions, nearly 79% admit that new offerings are often launched without all necessary capabilities in place.