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AMCAP contributes to the digital economy through technical innovation

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AMCAP contributes to the digital economy through technical innovation

January 20
17:56 2023

The wealth management industry in China has flourished in recent years thanks to rising incomes in the country. While the future of wealth management seems bright, the industry’s traditional sources of income and profitability are under siege from rising competition. Additionally, foreign capital integration has emerged as a crucial component in industry competition. Since entering the China market, AMCAP Group has faced a number of challenges in terms of both transformation and development, one of which is the new service mode enabled by science and technology and the change of product structure that is altering the competitive pattern of the wealth management business.

As digitalization continues to permeate the stock, securities, and fund industries, the need for financial technology is shifting from the technology itself to more holistic services for the industry as a whole. In order to achieve full life cycle, panoramic, and centralised product management and to create one-stop digital and technology and finance products and services, asset management institutions are increasingly constructing professional and efficient service application systems with the aid of technologies like trading processing, security, and intelligent risk control in digital online services. With the opening trend of the wealth management business speeding up, AMCAP Group has stated that a more open and innovative wealth management ecosystem is being established.

The rising spending power of consumers bodes well for businesses offering asset management technology. The question of how to increase market share by means of R&D, innovation, and customer service has risen to the top of the agenda. Building an open ecosystem and keeping up with the fast growth of the China market are two important development indicators for AMCAP Group in 2023, according to the company’s Asia-Pacific region head. Both will help international asset management institutions improve their online operations, service channels, product systems, and user experience.

By advancing the value-added of users’ wealth through technology and fostering the high-quality development of international asset management and investment and wealth management, AMCAP Group has long thought it is its main duty to provide business services in China. AMCAP Group will keep on adapting to the changing demands of development in 2023, putting an emphasis on digital technology innovation and expanding its already substantial contributions to China’s economic growth. AMCAP will continue to optimise its technology and finance strategy, as well as completely integrate additional international wealth management experience into the China market, for the benefit of its customers.

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Company Name: AMCAP
Contact Person: Jayden
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Country: United States