Swiss Bank Julius Baer awarded Outstanding Wealth Management Technology Implementation – Front End, at the Global Private Banking Innovation Awards 2020

Julius Baer has been named the winner for the Outstanding Technology Implementation – Front End award at the Global Private Banking Innovation Awards 2020. This marks the 3rd accolade for the Swiss Private Bank’s digital advisory suite, known as DiAS, within six months.

Hosted jointly by The Digital Banker and Global Private Banker, the Global Private Banking Innovation Awards- now in its second year- is the world’s leading authority in benchmarking service excellence and digital innovation across the worldwide private wealth landscape.  Co-judges from EY, Protiviti and Forrester undertook an audit type process to distinguish the world’s preeminent private banks, family offices and wealth managers across numerous categories, including; technology, service innovation, product and strategy, country and people awards.

An Award Winning FinTech Platform

The Digital Banker and Global Private Banker judging process follows a numerical and quantitative methodology with specific weighting given to; digital innovation, digital ecosystems, customer experience, financial performance and leadership strategy. For the Outstanding Technology Implementation Front-End category, the esteemed judging panel felt that a platform that improves compliance, automates processes and supports advice with personalised investment proposals, was deserved of the winner’s title. Further, digital acceleration and client centricity made up key criteria for this competitive category and Julius Baer’s DiAS suite demonstrated just that.

“We are looking for best-in-class digital innovation which improves operational efficiencies, end-to-end workflows and delivers a superior client experience, whilst augmenting the overall value of the relationship manager. Julius Baer continues to showcase its prowess through DiAS by blending machine learning algorithms with the bank’s relationship managers to create the best client experience and wealth preservation. Hence, we feel the bank is the deserved winner of this award category. We estimate that robo-advisors will handle anywhere between $7 trillion to $20 trillion assets under management by 2025, up from circa $2 trillion in 2020. Julius Baer has made significant investments in the tech space to improve the client experience”. The Swiss bank will increase its IT investments by approximately 20% for 2020 and 2021. The Digital Banker judging panel.