Press Release - Client Onboarding in Wealth Management: Vendor Overview

Aite Group estimates that global spending on wealth management client onboarding was approximately US$290 million in 2015 and is poised to grow annually by 7% to over US$400 million in 2020.

Boston, September 22, 2016 – The client onboarding process has historically been heavily paper-based and ripe for errors. New technologies have emerged that aim to automate and standardize the process of onboarding a new client, and the vendors offering client onboarding solutions come from a variety of backgrounds. What factors should wealth management firms consider when determining which client onboarding approach best fits their needs ?

"A holistic STP client onboarding experience includes elements of content management, business processes, workflow, and integrated compliance capabilities," says Aite Group senior analyst Stephen Wall.

Based on Q2 2016 Aite Group interviews with 10 client onboarding technology providers and interactive demonstrations of each vendor’s platform capabilities, Aite Group’s latest report, Client Onboarding in Wealth Management: Vendor Overview, outlines the key steps in the client onboarding process and explores the vendor landscape across the global wealth management sector, profiling onboarding solutions from Appway, Docupace Technologies, Doxim, Fenergo, FIS, Impact Financial Systems, IMTF Group, Lexmark International, Scivantage, and The Athene Group. It is the second in a series on client onboarding—find the first here.

About Aite Group:
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn.

Press Contact:
Jennifer Molgano
Marketing and PR Associate
Aite Group

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