The latest product and service offerings in and around the world's wealth management sector.

Switzerland-headquartered on-boarding specialist Appway has released two offerings around financial services that is based on technology that is already live with clients worldwide.

Appway is releasing the revamped Onboarding for Wealth solution, which pulls together digital and physical interactions for clients. Wealth managers, private banks, and family offices can use the solution to give clients a made-to-measure experience while also making sure all sides obey local and global regulations, it said in a statement yesterday.

The Onboarding for Retail solution, meanwhile, enables financial institutions to offer products and services to customers on the channels and devices they already use.

The process of taking on new clients at private banks and wealth management houses has been a pain point for the industry, with some on-boarding taking months to complete amid rising regulatory and know-your-client requirements. Appway argues that its offerings speed up the process as much as is feasible, achieving compliance on one side, and a smoother, less vexatious client experience, on the other. 

“The new solutions address the specific needs and trends of individual segments in the realms of wealth management and retail banking, setting new standards for customer experience across the fast-changing industry. Clients trust Appway because we not only have a stellar track record in the financial services, we also offer out-of-the-box products that enable faster time to market,” Andrea Buzzi, head of solutions at Appway, said.