Deutsche Bank (Switzerland) has launched a new mobile advisory solution for its wealth management clients. According to the bank, the "robo assistant" combines all the functions required for providing comprehensive client advice including sound reporting, real-time investment proposals and risk assessments all in one.
The new platform also aims to enhance the dialogue with clients with direct analysis of their current portfolio, simulations of investment proposals based on a number of optimisation aspects while simultaneously calculating their risk and ensuring compliance with regulatory requirements.
“Our emphasis is on advisory services, and this is the focus of the new platform as well. It enables us to provide our clients with comprehensive advice at any time, anywhere, to optimally incorporate our advisory services into their portfolios and to run through various scenarios with them directly,” explained Peter Hinder, chief executive of Deutsche Bank Switzerland and head of wealth management EMEA. “The fact that we are launching this platform in Switzerland further underscores our commitment to the Swiss market.”
The application is based on the Avaloq core banking platform and is connected to the risk engines and portfolio systems of swissQuant via its technical interface (API). Deutsche Bank developed the platform in conjunction with these two established partners.
The new platform is being launched in Switzerland within the context of Deutsche Bank's global wealth management growth strategy which includes investments in client-facing technology and the hiring of new client advisers.
Active in Switzerland since 1980, Deutsche Bank (Switzerland) employs approximately 700 employees in wealth management, corporate & investment banking and asset management.