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Wealth Management Transformation Services

Learn why leading firms partner with EPAM to adapt and thrive in the face of digital disruption in wealth management. 

Fast Facts

2013

ESTABLISHED

5 OUT OF THE TOP 10 WEALTH MANAGEMENT FIRMS WORK WITH EPAM

5,000

PRACTITIONERS

WINNER OF 2017 BEST USE OF IT IN PRIVATE BANKING/WEALTH MANAGEMENT AWARD FOR UBS SMARTWEALTH

What’s Driving Disruption in Wealth Management?

Digital isn’t the only thing disrupting wealth management firms, but technology-based innovation is often the best path forward to solve these challenges. How are you responding? 

Changing client expectations and needs

Wealth transfer to younger generations

New competitors and digital transformation of services

Real-time ubiquity

Demand for simplified experiences

inflexible business models

HOW TO MAKE DISRUPTION YOUR COMPETITIVE ADVANTAGE

As innovation cycles get shorter and shorter, wealth management firms must accelerate how they adapt and solve critical transformation challenges. Keeping pace with market disruption starts with building a roadmap to accomplish the following goals: 

Address Client Expectations with Mass Personalization

  • Leverage AI and deep learning to unlock customer value with 360-degree user intelligence
  • Address individual customer needs with mass customization and personalized journeys
  • Target new affluent segments with advanced digital wealth management offerings

Industrialize Advice & Automate at Scale

  • Amplify advisor productivity with targeted tools focused on client outcomes and critical tasks
  • Industrialize the client value chain from end to end to reduce the cost-to-serve
  • Deploy AI, machine learning and cognitive technologies to enable smart wealth advisory tools
  • Scale the ecosystem with fintech partnerships to make innovation more accountable 

Meet New Regulatory & Cybersecurity Requirements

  • Take the leap from manual to automated regulatory frameworks and business rules engines
  • Unbundle products and services to increase transparency while revamping incentives
  • Develop smart compliance solutions to intelligently automate KYC, AML, fraud detection, etc.
  • Secure communication channels used during client onboarding 

Fight Margin Erosion with New Fee Models

  • Augment human advisor capabilities with analytics and intelligent automation alongside risk-return-based portfolio optimization
  • Move customers and assets into fee-based, pay-for-advice models
  • Streamline issues around regional variance of trailer fees and inducements

Why EPAM for Wealth Management Transformation Services?

Through our proven services framework, we can help your wealth management firm redefine its value proposition, build next-gen digital platforms and futureproof the business to thrive through multiple waves of technology change. Here are some of the key reasons why leading firms choose EPAM:

Unbiased, Collaborative Partnership

As technology- and product-agnostic partners, we design, engineer and deliver the best solutions, period. 

End-to-End Integrated Transformation Approach

We approach transformation holistically to build digital platforms that innovate and streamline your business and service offering to exceed customer expectations. 

Dedicated Wealth Management Domain Expertise

Our teams of financial services and wealth management experts have the experience and know-how to bring your vision to life – or envision the future on your behalf. 

Core Engineering DNA & Digital Credentials

We activate and support your competitive advantage by delivering best in-class wealth management solutions while minimizing technical risks via scope validation, rapid prototyping and MVP development. 

How We Can Help

Digital Banking Transformation

  • Business change definition and elaboration
  • Client engagement and omnichannel banking strategy
  • Mobile enablement of advisory process and WM lifecycle management
  • Optimization of entire value chain and client experience to truly become a digital bank


Investment Management Value Chain & Workflow Modernization

  • Quantitative approaches and automation to achieve scale
  • Cost-effective and accessible customization and personalization of strategies

Data Strategy

  • Data aggregation, analytics and AI to enhance sales effectiveness, customer and business insights
  • Reference data management for consistency and automation of investment advice
  • Data modeling and management best practices


API Strategy for Banking

  • API ecosystem design, monetization and implementation
  • API management and operational best practices
  • PSD2 and Open Banking expertise


Intelligent Automation & Process Optimization

Engineering Excellence & Agile Transformation

Start the Conversation Today

Ready to schedule a consultation to learn more about how we can help your business keep pace with evolving customer expectations, new fee models and emerging regulations? Fill out the form below and one of our experts will be in touch.