Tag: Kidbrooke

The growth of digital use in wealth management is helping the industry go from strength to strength. However, there are still some key traps wealth managers can fall into when developing their digital offering.

When banks turn to new technologies, there are undoubtedly always going to be growing pains. Despite this, the adoption of technology is a top priority for this group.

Traditionally, wealth management has been for the wealthy. The average Joes and Janes have often been skipped out on by big wealth managers due to little revenue incentive to capture that market.

As the wealth management industry continues to become more competitive, the need to establish your company as the go-to wealth manager becomes ever more vital.

Last year proved to be big for the WealthTech sector, but what will the growth drivers be in 2022?

Simplicity is the ultimate sophistication, Leonardo da Vinci once said. However, simplicity can be a double-edged sword when digitising wealth management and the key is finding the right balance.

With every new variant of Covid, the end of the pandemic continues to move further into the distance. These past two years have shown the cruciality of digital services, and firms no longer have a choice to avoid it if they want to stay successful. The trouble is, where does a firm start?

A blogpost by Kidbrooke has detailed how financial organisations can ensure regulatory compliance and transparency when it comes to their digital financial products.

While financial services scramble for digital transformation, Kidbrooke fears most have not assessed how the decision-making models of underlying technology might impact customer experiences.

Personalised products have always been a boon for a service provider, but it is now becoming a “powerful brand differentiator in the digital economy”, according to WealthTech company Kidbrooke.