Although the wealth management market in India is growing and presents a huge opportunity for both domestic and foreign players, the competitive landscape is only becoming more intense with fintech players posing bigger threats to the traditional players with their product, pricing, and digital differentiation.
Wealth management players in India will need to respond both strategically and innovatively to be able to compete in an environment being shaped by ever-increasing customer expectations – fuelled by shifting demographics and ongoing technological disruption – for digital experiences and personalized goal-oriented offerings. If correctly executed, notably through redefined technology and data insight capabilities, incumbent players will be well placed to give competitors old and new a run for their money.
In our new paper, we offer an overview of the wealth management market in India and discuss the trends shaping that market in light of digital disruption. We will also recommend key actions across strategic, operational and technology fronts required to kick off the transformation journeys that will allow players to remain relevant and competitive.
Download the paper to find out more.