According to a new report by BCG and Lufax there is a significant opportunity for digital wealth management firms; market penetration for independent third party wealth management in China is only 10 percent, compared to about 35 percent in the US; that gap leaves a lot of room for firms to grow market share; the report recommends companies define their value proposition, improve technology capabilities and have an organizational structure that’s agile. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.