Adoption & Implementation
Banks often fail to realize that adopting and implementing an open architecture offering is not just bringing on another product line; it is a restructuring of the wealth management business model.
Each bank has internal constituencies that are in a position to dramatically enhance or impede a bank's adoption of an outside open architecture offering. Key internal constituencies impact the likelihood of success.
Constituency Schematic (40k PDF)
To assure adequate adoption and the right implementation, a bank must adopt a recurring process of education, reinforcement and monitoring. Although its easier to work with a new bank implementing its open architecture offering for the first time, it is often the bank that has experienced disappointing results that is the best candidate for and will see the best results from this type of work. WCG can help can help you drive a successful adoption and implementation process beyond a traditional, operations oriented perspective and embed open architecture in your asset gathering effort.