Tag: fincite

The global neobanking market was valued at $143.2bn in 2024 and is expected to reach $3.4trn by 2032, according to Fortune Business Insights. While this will bring more competition for the digital banking sector, wealth management could also be impacted.

Many asset managers remain shackled by outdated systems, despite rising client expectations and stricter regulatory frameworks.

Capgemini’s World Wealth Report 2025 casts a sharp light on one of the most significant transitions underway in financial services today—the global generational wealth transfer. fincite, a WealthTech platform supporting investment advice from onboarding to reporting, recently delved into the report.

While the wealth management sector is embracing technology to transform their operations, are there still some major issues that are waiting to be addressed? 

The introduction of CRR III and ongoing MiFID II requirements is raising the regulatory bar for banks, asset managers, and real estate professionals. While these rules add complexity—from stricter capital requirements to extensive documentation—they also open the door to modernising outdated processes through digitalisation.

WealthTech has transformed the modern world of investing. No longer is wealth management locked off to the wealthy. Tools are now available that can support investors at whatever life stage they are in and build portfolios that can support their financial situation and plan for the future.

Two of Europe’s most prominent WealthTech firms, Fincite of Germany and Harvest of France, have announced a strategic merger to create a new European leader in wealth management software.

Comprehensive portfolio aggregation is increasingly seen as a vital capability in today’s wealth management landscape.

The imminent $18.3trn global wealth transfer over the next decade is set to radically reshape the wealth management industry, according to the latest WealthTech...

Data is a core aspect of wealth management and the latest advancements in technology are helping firms to improve their usage of data. Not only is this enabling them to become more efficient, but it is also improving the output of their advisors.