ASIA be applied and how it can actually better drive growth .
“ At this point there are certain technologies that are just not applicable to the wealth management space , so it ’ s very important that I understand this and have a judgement of when the best time is to bring it into the business ,” he says .
“ In the financial industry , everything is number driven and so you have to be able to justify technology from a business case .”
Fung avoids implementing technology for technology ’ s sake by looking at it from a clear perspective – the criticality .
When looking at the criticality of technology , Fung accepts that some technology is 100 % critical and that not implementing it now will set the company far behind any competitors in the near future .
“ You wouldn ’ t have a ticket to play in this game anymore ,” he says .
One such example of critical technology is data and the leveraging of client information . Due to the very human nature of wealth management , this creates relationship managers that have a personal and clear understanding of clients and their
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