Tech Talk: July Edition
We Complement
Delivering effective solutions and services that empower forward-thinking financial planners to thrive.
Welcome to the latest edition of Tech Talk, your go-to source for what's new and noteworthy in the fintech world. This month, we’re focusing on the exciting developments in wealth management and the innovative technologies that are shaping the future of financial services.??
?
PIMFA WealthTech: Driving Innovation in Wealth Management?
PIMFA WealthTech has launched a next-generation digital marketplace and industry network, aimed at fostering collaboration between wealthtech companies and wealth management firms. This initiative aligns with one of PIMFA's key objectives: enabling digital business transformation through the adoption of market-leading technology.?
In collaboration with NextWealth and CISI, PIMFA WealthTech has introduced the Financial Advice Business Benchmarks report. This annual market research report helps firms benchmark their proposition and stature, covering areas such as client growth, advice tech, advice charges, and industry trends.??
Participating in this survey offers firms a valuable opportunity to contribute to a broader industry perspective and gain insights into their market position.?
Firms can participate in this year's survey here.?
?
Enhancing Client Onboarding with Automation?
PIMFA WealthTech and EY proudly present their latest report, “New Technology and Client Expectations in Wealth Management: A Focus on Client Analytics and Onboarding.” This report highlights evolving client expectations and the need for investment in new tech and data, featuring insights from their tech sprints with fintech firms.?
Automation technologies are revolutionising client onboarding, improving efficiency and accuracy. Wealth managers can reduce onboarding time and costs by up to 50%, enhancing the client experience and fostering long-term relationships. Benefits of fintech solutions include:?
Discover more here.?
?
领英推荐
WealthOS: Transforming Digital Wealth Management?
WealthOS is a cloud-native, modular platform designed to streamline the backend operations of digital wealth management. This platform allows wealth managers to focus on creating exceptional customer experiences by automating and orchestrating processes, reducing operational time and costs.?
WealthOS enables rapid market entry for new products, achieving a 3x faster and 40% cheaper launch compared to other solutions. Founded in 2019, WealthOS is committed to building digital infrastructure that promotes equitable financial access globally.?
Shri Krishnansen, Chief Commercial Officer at WealthOS, emphasised the importance of seamless client onboarding in securing client relationships. WealthOS provides the agility and speed required for digital transformation, addressing the challenges of disjointed and resource-heavy onboarding processes in the wealth management industry.?
?
Moneyinfo: Award-Winning Mobile Experience?
Moneyinfo has been recognised with the 'Best Mobile Experience for Private Clients' award at the Goodacre Systems in the City Awards 2024. This accolade underscores Moneyinfo's dedication to delivering superior mobile experiences for its clients.?
Key features of the Moneyinfo mobile app include:?
Supporting over 180 firms, Moneyinfo stands out as a leader in client portal technology, offering features like consolidated portfolio reporting, secure document sharing, workflow automation, and advanced account aggregation.?
Check out the other winners at the Goodacre UK Systems in the City Awards 2024 here.??
The fintech industry continues to evolve, bringing innovative solutions that enhance efficiency, security, and client satisfaction in wealth management. From PIMFA WealthTech's digital marketplace to WealthOS's modular platform and Moneyinfo's award-winning mobile app, these advancements are setting new standards in the financial advisory sector.?
Stay tuned for more updates and insights in our next edition of Tech Talk for all the latest in fintech and wealth management innovation.?
?