The 6th annual WealthTech100 list has been launched today by FinTech Global, naming the technology companies transforming the operations of investment firms, private banks and financial advisors.
The list sheds light on the firm’s that every player in the wealth management industry should know about.
A panel of analysts and industry experts selected the finalists from a pool of over 1,300 businesses, with FinTech Global supplying detailed information on each company to assist the judges in their decision-making process.
To produce the list they looked for companies tackling significant challenges and opportunities in wealth management, spotlighting leaders in client acquisition, financial planning, portfolio management, and digital brokerage.
The rise of digital services has revolutionised individuals’ preferences in managing finances, prompting financial institutions to adapt by prioritising streamlined experiences that cater to customer needs, particularly in response to the tech-savvy younger generation.
FinTech Global director Richard Sachar said, “As the great wealth transfer takes place, wealth management firms are seeking ways to update their operations to meet the demands of future customers. While older generations preferred a human-touch, younger generations place quick, simple and digital processes at the top of their requirements. The WealthTech100 list provides senior decision-makers with a guide on the best vendors in the market and practical examples of how the latest AI advancements are transforming the investment industry.”
Several companies listed have maintained their positions from the previous year. One such example is Ortec Finance, which translates clients’ financial goals into suitable investment strategies using institutional-grade economic scenarios and proactively monitors advice with OPAL.
Additionally, Abbove, a pan-European wealth planning technology platform, and Croesus, a leading WealthTech firm offering highly secure portfolio management solutions, have also returned.
ERI, provider of the OLYMPIC Banking System®, PureFacts, an end-to-end Revenue Management solution, Harvest, a software editor for wealth management professionals, and GrowthInvest, the Alternative Investment Platform, are among the other returning companies making tax-efficient investments more accessible to wealth managers and financial advisers.
Several other notable firms have secured positions on the WealthTech100 list for their innovative contributions to the wealth management industry.
Featuring in the impressive line-up, additiv is a strategic partner for institutions, offering innovative solutions in wealth management, banking, credit, and insurance.
Behavioural Finance specialises in creating automated engagement tools for banks, insurers, and wealth managers, promoting their services effectively. While CAIS is a pioneer in democratising access to alternative investments and structured notes, catering to independent advisors, asset managers, and bank issuers.
DriveWealth stands out for pioneering fractional equity trading and providing Brokerage-as-a-Service to over 100 partnerships worldwide.
Expersoft Systems offers comprehensive front/mid/back technology solutions for private banks, wealth & asset managers, and family offices. Finaplus introduces the first full-service SaaS-platform for true Wealth-as-a-Service, shaping the future of Wealth Management with over 25 years of experience.
Finfox is a leading omnichannel solution for hybrid investment advice, offering efficient setups for banks alongside personalised client experiences.
IRALOGIX provides unique technology enabling clients to expand their wealth business profitably, with institutional quality investments for everyone, and Lumenai empowers asset managers, broker-dealers, and platforms with AI overlay solutions for tailored, alpha-seeking investment overlays.
M-Files offers a leading platform for knowledge work automation, enabling knowledge workers to find information faster and work smarter.
Morningstar Wealth contributes to streamlining data flow across the industry through its ByAllAccounts data network, connecting WealthTechs, home offices, and data providers. NICE Actimize is a global leader in financial crime, risk, and compliance solutions, including SURVEIL-X Sales Practices & Suitability.
Profile Software delivers market-proven financial software solutions to the Investment Management and Banking industries.
Prometeia provides wealth, asset, and risk management consulting, along with software solutions and data to the financial sector. Temenos leads in banking software, offering Temenos Wealth, the go-to software solution for the Wealth Management industry.
These companies collectively represent the cutting edge of innovation in wealth management technology.
A full list of the WealthTech100 and detailed information about each company is available to download for free at www.WealthTech100.com.
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