It is no secret that wealth managers and private banks have struggled to embrace technology in quite the same way as other areas of the capital markets industry, Mark Cadby, chief technology officer at Tiller Technologies told thewealthnet.

A PwC report released in 2016 found that just a quarter of wealth managers offered digital channels beyond email, despite more than two thirds of high net worth individuals using online and mobile banking at the time.

According to Mr Cadby, in the three years since, the need for such firms to address their relationship with technology has only become starker.

“No...