HSBC wants Prism, its BlackRock-enabled platform, to move Asian private banking beyond transactions.
In Asia Pac, private banks sell products, not advice. BlackRock wants to change that with technology.
The bank announces a suite of digital solutions in Singapore related to wealth management.
The bank is forming alliances to connect data to front offices – and affirm the custody business model.
With its core systems reset, the asset manager is also experimenting with fintech initiatives, starting in Indonesia.