Julius Baer has been named the winner for the Outstanding Technology Implementation – Front End award at the Global Private Banking Innovation Awards 2020. This marks the 3rd accolade for the Swiss Private Bank’s digital advisory suite, known as DiAS, within six months.
Hosted jointly by The Digital Banker and Global Private Banker, the Global Private Banking Innovation Awards- now in its second year- is the world’s leading authority in benchmarking service excellence and digital innovation across the worldwide private wealth landscape. Co-judges from EY, Protiviti and Forrester undertook an audit type process to distinguish the world’s preeminent private banks, family offices and wealth managers across numerous categories, including; technology, service innovation, product and strategy, country and people awards.
The Digital Banker and Global Private Banker judging process follows a numerical and quantitative methodology with specific weighting given to; digital innovation, digital ecosystems, customer experience, financial performance and leadership strategy. For the Outstanding Technology Implementation Front-End category, the esteemed judging panel felt that a platform that improves compliance, automates processes and supports advice with personalised investment proposals, was deserved of the winner’s title. Further, digital acceleration and client centricity made up key criteria for this competitive category and Julius Baer’s DiAS suite demonstrated just that.
Julius Baer continues to invest in technology that powers human advice and to further develop its FinTech assistant, DiAS- a state-of-the-art solution which helps to create tailor-made investment ideas for each client of the bank. DiAS delivers an end-to-end advisory process and in addition, screens the investment universe of Julius Baer, subsequently recommending investment ideas which match clients affinity and regulations on a machine learning basis. The suite acts as a fully integrated solution, ensuring end-to-end advisory process: from proposal, to the execution of a trade. This involves integration with certain order entry tools to ensure trading instructions are transmitted to the booking center without delay.