Every year, Professional Wealth Management (PWM) recognises some of the biggest banks in the world for their innovations in wealthtech. This year, Credit Suisse won the award for ‘Best Private Bank for Use of RegTech Globally’ thanks to a project with Apiax designed to free up considerable time for relationship managers.
Digital transformation has been a major trend in wealth management over recent years, though too many have merely paid it lip service. The Coronavirus crisis has now shown clearly that digitalisation is not a trend, but that digitalisation is already now critical to the success of financial service providers. Every year, PWM hands out the Wealth Tech Awards to tech trailblazers in the wealth management industry and with the recent developments it has again gained in importance.
Ralf Huber, co-founder of Apiax, commented: “We are more than proud of our collaboration with Credit Suisse and feel honored by this important recognition from the industry. This award shows that cooperation between industry leaders and start-up companies can create added value for both sides”.
This year's awards featured high-profile companies such as UBS, BNP Paribas and HSBC. PWM evaluates the private banking groups using quantitative and qualitative information and presents awards to groups that have shown excellence in their use of technology.
Founded in 2017, Apiax’s award-winning technology provides easy access to compliance knowledge. It enables companies in an increasingly regulated economy to stay focused on their core business objectives: delivering high value and unique experiences to their customers. Apiax has offices in Zurich, Lisbon and London and the team is made up of lawyers, technology and product experts.
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