The first objective , leveraging big data
NOAH HOLDINGS
The first objective , leveraging big data
“ It ’ s about looking to better understand our customers and our clients through data , learning about how we work with them and becoming better each and every time ,” he says .
The second objective is a little broader , tasked with bringing in and developing innovative technologies into the wealth management space .
“ Innovative technology in the past has never really been the core focus , because applying the so-called ‘ fancy gadgets ’ is usually something that wasn ’ t really seen in the wealth management space ,” Fung says . “ But this is something that is happening more and more across the financial industry .”
As technology and the role of IT continues to expand beyond the traditional mindset of it being more of a supporting tool , more and more companies are beginning to feel a sense of pressure to implement certain technologies in order to keep up with competitors .
This , Fung believes , is a fatal flaw as it is important to understand exactly what technology can
“ Nowadays in the financial sector , you cannot split between whether technology is a supporting tool or the driver of the business itself ”
– Ronald Fung Chief Digital Officer