Advisory & Brokerage

As we delve into the initial months of 2024, the wealth management sector stands at the cusp of transformation, propelled by technological advancements and a challenging economic landscape.

In an era where digital transformation is paramount, asset managers are recognising the indispensable role of automating Anti-Money Laundering (AML) processes.

In the ever-evolving world of financial services, the integration and management of diverse financial data stand as a cornerstone for innovation and customer satisfaction.

One of the biggest challenges that wealth firms face is providing their advisors with seamless access to custodial data. This is not just a technical hurdle, but a fundamental aspect of how WealthTech can empower financial advisors to better serve clients with utmost confidence.

The majority of wealth managers (70%) have expressed dissatisfaction or indifference towards their existing technology systems, according to recent research conducted by Avaloq.

WealthArc, a distinguished provider of wealth data management solutions, has entered into a strategic partnership with ZeroLink, an innovator in neurosymbolic KGQA technology.

Bahrain FinTech Bay (BFB) has entered into a strategic partnership with The Family Office that aims to at revolutionise the landscape of wealth management in the region.

In a recent post by Kidbrooke, the company outlined how wealth management can be democratised by utilising financial analytics. 

Saxon Trust has significantly expanded its funding capability with a new £35m funding facility from OakNorth.

Ampla has secured a $258 million credit facility with Goldman Sachs and Atalaya Capital Management.