Big Bang vs Modular Transformation in Wealth Management

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Contemi’s Director- UK & Europe, William Rouse had the opportunity to join the Goodacre Systems in the City Online Fintech conference 2020 to present and discuss the big bang vs modular technology infrastructure, its benefits and shortfalls and what the common options are to the wealth management market to determine which route is right for them.

He shared his thoughts and insights on “Big Bang vs Modular” system infrastructure as well as some of the recurring themes that we see when wealth managers are selecting the best approach for them.
Full video includes:
0:00:02 - Welcome
0:00:30 - Introduction - William Rouse, Contemi
0:02:46 - What options wealth managers have in order to achieve true technological nirvana or as close to that goal?
0:05:01 - What is big bang approach for wealth management firms?
0:05:28 - What is modular system implementation approach?
0:06:53 -Three Key business benefits of Big Bang and Modular approaches
0:09:41 - Three Shortfalls of Big Bang and Modular Implementation
0:13:04 - Modular Lite Methodology: The key benefits
0:15:57 - What Should Wealth Management firms be doing? Which approach should they adopt?
0:16:35 - The four key takeaways
0:20:25 - Audience questions

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