PwC revealed the latest cohort of FinTechs who have joined the Wealth Scaleup programme 2021.
Focused on the insurance and asset and wealth market, this cohort will benefit from a number of connections generated between industry leaders and WealthTech firms with the aim to build commercial opportunities and relationships as well as accelerate their growth plans.
At a time when the pandemic has caused firms to rethink their business strategies, the ten-week programme will connect industry leaders to emerging firms to help them address the evolving landscape.
Keys points in the programme will be addressing changes to consumer behaviour and the new operational challenges and opportunities resulting from the pandemic. As part of the programme, firms will explore the heightened focus on adviser efficiency, risk and compliance, ESG as well as the growing need for operational simplification.
The PwC Scale team has already run 45 programmes in the UK working with 438 scaleups across sectors such as FinTech, InsurTech, GovTech and retail.
Commenting on the new set of startups, ScaleWealth tech programme sponsor Will Conner said, “FinTechs are increasingly essential to our economy and crucial to future innovation for the financial services industry. From a group of 600 firms, we have selected nine exceptional WealthTech firms, to whom we will be providing access to advice, bespoke support and client networking events.
“Our 2021 ‘Scale’ programme enables high-potential startups to accelerate their growth by opening the door to new opportunities.”
The latest cohort includes Datactics which provides business with no-code tools for data giving wealth and asset managers access to trusted, ready-to-use data. Secondly, Creative Mass whose provides a service dubbed WealthConnect, a wealth and advice platform based solely on Salesforce. Novastone allows relationship managers and client service teams to chat directly to clients using personalised secure messaging.
Next in line is Tiller which delivers digital solutions from automated onboarding to digital advice and digital client portals to help firms provide a satisfactory client journey. Conser’s platform which is an ESG verifier to measure and improve the impact and sustainability of investments portfolios via its tool ESG Consensus (R).
My Compliance Centre whose platform provides regulated financial institutions to manage their core compliance activities. Opus Nebula provides investment firms, wealth managers and asset servicers with a reporting solution without the costly overhead of managing, maintaining and developing the reporting system themselves.
Next up is 3rd Eyes Analytics aims to empower financial institutions to deliver goal-based investing with realistic and scenario-based asset-liability management methods, integrating sustainable investing beyond regulatory requirements.
And lastly, is Clear Macro which selects, analyses and presents macro and thematic data that allows institutional investors and corporates to make better investment decisions and expand coverage.
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