The data, so Credit Suisse's thinking goes, can be curated for use on digital platforms. Credit Suisse doesn't elaborate what its plans are, but it is fair to assume the bank will vie on big platform providers.
«Digital solutions also enable clients to search for the best funds and add them to their portfolio via smartphone» Degen told finews.com last year. «Asset managers have to ensure they are present of these platforms. If not, they risk being sidelined.»
«Enormous Potential»
The rollout clarifies what Degen meant at the time: Credit Suisse's developers are working on an app which can be built into online platforms, for example. Online and fintech platforms are already reaching millions of potential clients and roiling the traditional asset management industry.
«Currently, we manage a volume of more than $400 billion and were able to attract $22 billion in net new money last year», Degen told finews.com. «If we can tap the new client segments in coming years, globally and digitally, we have enormous potential».
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