Consultancy in the banking, finance, insurance and social welfare sectors
Innovation in Asset Management can relate to different axes of the business model and take different forms. The challenge for Asset Managers is therefore to define a roadmap consistent with the company’s strategy and the capabilities of the management company.
Product innovation is often a priority. Technologies like big data and artificial intelligence are creating new opportunities in financial research, investment processes and management strategies.
Service-based innovation is also an interesting axis for Asset Management companies, which see it as an important lever for retaining existing investors and a potential diversification of sources of income.
Innovation in the distribution of financial products can also bring in new customers and increased collection. Digital distribution for Retail investors in BtoB or BtoBtoC is a new distribution channel that should be mastered. Some Asset Managers will be tempted by direct distribution (or Direct to Consumer / DtoC).
Finally, innovation in the post trade process also allows a reduction in production costs, operational risk and compliance.
In this context of abundant innovation, Asset Managers ask themselves many questions:
- What are their priorities?
- Should you be a follower or a disrupter?
- Should we innovate alone, in competition, with the help of fintechs?
- What organization should be put in place to support and accelerate innovation?
- How to go from prototype to industrial product / service?
- How to integrate the offer of startups into the operational model of the management company?
Périclès Group assists management companies in the definition of an innovation strategy, the identification of the best use cases and partners, the driving of prototypes and the implementation of innovations. Our knowledge of the market and the ecosystem of fintechs, regtechs and insurtechs is an accelerator of innovation and limits the risks of execution.
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