23Apr2024
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IT Infrastructure: Wealth Managers vs Banks

Disclaimer: The views and opinions expressed in the vapa Swiss independent wealth management blog posts featured on this page are solely my own and do not necessarily represent the views of any institutions or organisations I may be associated with. These posts are intended to share personal insights and perspectives and should not be interpreted as official statements or positions of any affiliated entities.

Diving into the captivating realm of IT in the finance sector! 💼🌍

🔗 Legacy vs. Agility: Did you know that older banks are often bound by legacy systems that can limit agility? On the flip side, independent wealth managers boast a leaner and more modern structure, primed to respond to tech changes swiftly.

📱 BYOD & Flexibility: “Bring Your Own Device” and secure sandboxes are standard practices among many independent wealth managers—a sign of an adaptive and forward-looking work culture.

☁️ Cloud Pioneers: Long before covid19, many independent wealth managers already had the cloud in their toolkit. A head start that made working from home seamless!

💰 Budget & Precision: Big budget vs. targeted investment? Banks might have a larger IT budget, but independent wealth managers have the edge in crafting tailored solutions for their clientele.

The takeaway? Both have their strengths and are indispensable in our digital age. It’s not about which model is “better” but how we leverage the strengths and set our requirements to do our job.

Source: LinkedIn

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Independent Wealth Managers vs Traditional Banks IT Infrastructure

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