The mutual funds industry in Asia is going to find it difficult to adopt comprehensive technological change, says Singapore A.M. CEO Steven Billiet.
It should enable active fund managers, distributors and service providers to come up with new business models to combat declining fees.
The firm is about to raise funds via an ICO to hire teams in London, Singapore and New York.
Aviva Digital sees the advice-driven model of selling investments is experiencing a resurgence.
