Banks are increasingly pushing independent wealth managers to enter securities transactions into their online system. Nothing objectionable about this, but it is already outdated in todayโs technological age.
It would be a sign of considerable thinking progress that the established banks agree on standardised bi-directional interfaces. This norm would make dealing with wealth- and investment managers easier and allow the whole industry to benefit economically from innovative fintech solutions.
That would be a 2023 resolution for the top management of the banks. Make life easy easier.
Source: LinkedIn
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