Yohan Lobo, Senior Industry Solution Manager at M-Files

While the wealth management sector is embracing technology to transform their operations, are there still some major issues that are waiting to be addressed?

FinTech Global spoke to several WealthTech companies to get their thoughts on some of the biggest mistakes they believe wealth managers are making.

Isolated systems
For Yohan Lobo, Industry Solutions Manager for Financial Services at M-Files, the biggest issue is forcing wealth managers to use disconnected systems. This leads to information silos, which ultimately cause significant inefficiencies.

“Disconnected systems create information silos that hinder access to client and firm data, resulting in delays and missed opportunities. The absence of seamless integration between systems means inefficient workflows that stifle productivity. Disorganization hampers compliance: staying on top of regulatory changes without automation can be overwhelming.”

Read the full article on What are the big mistakes wealth managers are making? | FinTech Global