Boaz Barack

CEO at Bonart Financial Performance Ltd

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Bio CEO Bonart Financial Performance Ltd. (CH) Career History Boaz Barack has over 30 years of experience in global banks and investment firms. His international career has focused on asset management and transforming innovative financial products into bankable solutions. Barack was on the senior management team of the two leading Swiss banks, Credit Suisse and UBS. He describes himself as an accomplished investor and an excellent fundraiser. Barack focused on new ways of raising capital in private markets and assisted investment funds with their distribution challenges. His current involvement is in new-age banking, focusing on banking products' innovation and redesigning financial services. In doing so, he strives to develop a new perspective on finance in writing and practice.

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Belgian digital bank Aion launches

Game changers in the Asset Management will redefine the industry The digital revolution in the financial service sector created new types of Asset Managers where this function operates much better than where it belonged to in the past. The technology revolution in this sector meant chaos for some banks, but it created opportunities and room for marketing creativity that want to seize it. The term asset management, broadly defined, refers to any system that monitors and maintains things of value to an entity or group. It may apply to both tangible assets (such as buildings) and intangible assets such as human capital, intellectual property, goodwill and financial assets). Asset management is a systematic process of deploying, operating, maintaining, upgrading, and disposing of assets cost-effectively. This term was most commonly used in the financial sector to describe people and companies that manage investments on behalf of others. Today the above definition has spread to Digital Asset Management (DAM), which consists of management tasks and in particular, the distribution of financial products. Digital disruption has arrived in retail financial services. Banks, insurers, and wealth management firms are besieged by a wave of disruptors that aim to use digital tools to deliver superior customer experiences at a fraction of the cost. Regulation is no longer a barrier to entry. A new digital bank is a customer-centric financial services company. It enables its customers to manage their existing bank accounts and personal finances and to buy any financial product from every provider at the best possible price Asset management is the direction of a client's cash and securities by a financial services company. These institutions offer investment services along with a wide range of traditional and alternative product offerings. The burgeoning fintech industry is entering this space, being both an enabler and a disrupter. Fintech solutions support and enable not only the back-end functions of financial institutions but also their customer interface and experience. Goldman Sachs estimates that fintech firms could capture nearly $660 billion in revenue from traditional financial services players involved in payments, crowdfunding, and wealth-management and lending.

01 Mar 2020 Reply Read article