What Banks Need to Do to Drive the Future of Wealth Management

In ten years or less, the super-rich will rely on artificial intelligence for optimized financial returns, says IMD Professor Denise Kenyon-Rouvinez in an essay for finews.first. What are the consequences for private banks? The texts are published in both German and English. The fourth industrial revolution – featuring artificial intelligence, big data, the internet of things and so on – presents many challenges to private banks when it comes to wealth management. They will need to adapt well if they wish to preserve their leading position serving High Net Worth Individuals (HNWIs) and Ultra High Net Worth Individuals (UHNWIs).