Tag: Wealth management
How wealth management firms can get ready for generative AI
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.
Key AML compliance strategies for wealth and asset managers in 2024
In an era where regulatory oversight of the wealth and asset management sector is intensifying globally, the stakes for compliance have never been higher. This sector, pivotal to national economies, plays a crucial role in helping consumers manage their assets and achieve their financial goals. However, its significance also makes it a potential target for misuse by malicious entities aiming to launder money.
Revolutionising finance: The rise of embedded finance in 2024
As we delve deeper into 2024, the embedded finance phenomenon continues to reshape the financial services sector. A Capgemini survey from 2021 revealed that over 70% of banking executives view embedded finance as a catalyst for innovation, customer base expansion, and cost reduction, predicting its market value to soar to $588bn by 2030 from $22bn in 2020. This trend positions embedded finance as a key strategic channel for banks.
Revolutionising wealth management: Introducing KidbrookeONE for unmatched financial analytics
Kidbrooke, which has built a unified analytics platform for investment and wealth management, has released its latest solution, KidbrookeONE.
Metrobank partners with Temenos to elevate wealth management in the Philippines
Metrobank, one of the largest banks in the Philippines, has announced a significant partnership with Temenos, a global leader in banking software, alongside Collaboration Betters the World (CBTW), a tech and business solutions provider.
5 reasons why asset managers must embrace FCC automation
In an era where digital transformation is paramount, asset managers are recognising the indispensable role of automating Anti-Money Laundering (AML) processes.
India’s government incentivises FinTechs with 50-year interest free loans in 2024
Key Indian FinTech investment stats in 2023:
• Indian FinTech companies raised a combined $3.2bn in 2023, a 49% drop from 2022
• Indian FinTech deal...
Enhancing portfolio management with integrated CRM solutions
Over the past few years, WealthArc, which helps automate workflows for wealth managers, has spoken to many prospects about Portfolio Management Systems (PMS). Far too many have responded with interest in PMS, but stated they don't need a solution for client relationship management.
Empowering Swiss investors: The rise of client-centric WealthTech solutions
In the dynamic world of wealth management, the confluence of impeccable client service and innovative technology is reshaping the industry's landscape, particularly in Switzerland and beyond.
Zactor Tech revolutionises personal finance with significant pre-seed funding
Zactor Tech, a burgeoning name in the FinTech sector, has closed its pre-seed funding round on an undisclosed amount.