Episode 62 of Banking Reinvented explores the evolving role of technology in private wealth management and how institutions can strike the right balance between innovation, compliance, and human connection.

Host Tim Rutten sits down with Stuart Cummins, Chief Executive of Nedbank Private Wealth International, to discuss how technology is reshaping the sector, not just as an enabler, but as a strategic pillar for growth. Together, they discuss how Nedbank is using AI and selective tech investments to streamline operations and empower advisors, which he calls creating "institutional elegance."

Tune in to learn how Nedbank is navigating the intersection of digital transformation and human connection while staying grounded in the values of trust and integrity.

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Timestamps

(00:00) – Welcome to the “Banking Reinvented” podcast

(00:47) – Introduction to Stuart and Nedbank Private Wealth Intl.

(02:50) – Overview of topics

(04:50) – Tech in the wealth management space

(07:45) – Overcoming hurdles and driving tech change

(12:31) – Regulatory and compliance spend

(15:11) – The increasing role of AI

(21:02) – Boosting efficiency to be more competitive

(25:19) – Microsoft’s sovereign European cloud

(27:29) – Augmenting private bankers with cutting-edge technology

(31:20) – Final words from Stuart

(34:04) – Key takeaways

(36:34) – Episode wrap-up