Tag: velexa

The WealthTech sector continues to have strong growth opportunities across major markets, like the US and Europe, but it is also gaining significant attraction in other markets around the world.

Like many sectors, 2024 proved to be a tough year for the WealthTech sector. The economic landscape and geopolitical challenges meant many companies struggled,...

Velexa, a leading WealthTech company, and Ajyad Capital, a Bahrain-based investment management firm, have entered a strategic partnership to revolutionise investing in the Gulf Cooperation Council (GCC) region.

It has nearly been a decade since the EU launched its open banking rules, but has open banking lived up to its potential?

Velexa has partnered with Google Cloud to expand access to investing services for retail investors worldwide, enabling Velexa to scale its WealthTech solutions and meet...

The WealthTech market continues to grow at a steady rate and is becoming increasingly interwoven with the wealth and asset management sector. In fact, the WealthTech sector was valued at $9.7bn in 2024 and is expected to grow at a 25.2% CAGR to be worth $37.7bn by 2032, according to a report from Kingpin Market Research.

Generative AI’s acceptance into the world of wealth management is continuing at a rapid pace. Both WealthTechs and wealth/asset management firms are starting to embrace the technology with new solutions. One such solution is the generative AI assistant, with a number having launched over the past year.

The proliferation of WealthTech companies has helped more retail investors gain access to the world of investing, but there is still a gap. New technology and access to financial education is helping to bolster the democratisation of investing.

Earlier this month, OpenAI unveiled its latest advancement in the world of generative AI, Sora. Unlike ChatGPT, its previous revolution in the world of generative AI, Sora allows users to build realistic videos from simple text instructions, potentially providing businesses with another tool to transform operations, such as marketing.

The rise of the mass retail investor has significantly shaped the financial landscape over the past decade. Velexa, a fully customisable API-based investing platform, has delved into how fractional bonds are a tool for financial inclusion.