Standard Chartered Bank has announced a significant upgrade to its digital wealth management tool, myRM, with new capabilities for offshore structured notes trading. The upgrade aims to make wealth management simpler and more accessible for high net worth individuals. The bank’s strategy is to provide a seamless and personalized digital experience, leveraging advanced analytics and data to tailor advisory and solutions to individual clients. With myRM, clients can initiate transactions, manage their assets, and take advantage of investment opportunities with ease, including structured notes. The service is available on mobile and internet banking, allowing clients to access and manage their accounts remotely. The upgrade has received positive feedback, with a 300% increase in user registration and a 45% adoption rate for bond transactions.
The new features of myRM include:
* Comprehensive digital wealth experience: Combines professional advisory services with digital transactions
* Industry-first structured notes digital transaction service: Allows for seamless end-to-end service from consultation to transaction
* Streamlined W-8BEN form process: Eliminates the need for in-person branch visits to complete or renew forms
* Best execution: Real-time market price updates with strategic issuers
* Fast turnaround time: Products can be put on the self in a few hours, setting a new industry standard
* Same-day trading: Supports same-day trading and price locking for structured notes, enabling clients to seize every investment opportunity
The bank’s goal is to lead in wealth management, prioritizing clients’ financial well-being and success. With myRM, the bank aims to make wealth management simple, accessible, and secure, providing a superior client experience.
Source: https://www.taipeitimes.com/News/biz/archives/2024/11/22/2003827278