WealthTech Trends for the Third Quarter 2021
Every quarter, we summarize the three most prominent trends in WealthTech and we are excited to share our latest summary with you today! In the third quarter of 2021, we noted that it's increasingly important to acknowledge the environmental, social and governance aspects of companies' performance as the sustainability reporting matures. Second, accessing digital capabilities through partnerships is one of the most efficient ways for incumbent financial institutions to deliver competitive services to their customers. And third, customer engagement is one of the most important activities that a financial services firm can undertake. Not only does it build customer loyalty by developing relationships with customers, it will ensure they choose you over the competition.
Economic Scenario Generators: What Matters?
It is often a good idea to start simple when embarking on a challenging implementation project. Financial institutions usually strive to build simple, intuitive solutions that their customers would easily understand. However, choosing simplicity in your digitalization strategy could lead to both good and bad outcomes. When designing OutRank, our financial simulation engine, we chose a more realistic scenario-based approach over the simplistic models based on Modern Portfolio Theory. Today we discuss one of the core functional units of OutRank in more detail, outlining the implications of its features on the resulting customer journeys.
Kidbrooke qualifies as an AIFinTech100 company
Kidbrooke is named as one of the world’s most innovative solution providers developing artificial intelligence (AI) and machine learning technologies to solve challenges or improve efficiency in financial services in FinTech Global's annual AIFinTech100 list – a list that highlights tech companies transforming the global financial industry by leveraging AI and machine learning.
WealthTech Trends for the Second Quarter 2021
Every quarter, we summarize the three most prominent trends in WealthTech in a short video. At the same time, we know that some of you might prefer to have our summary in a text format! Therefore, we share the transcript for your convenience as well. In the second quarter of 2021, we noted more customers become comfortable with the idea of AI managing their funds. Additionally, there is a growing demand for holistic platforms allowing wealth management customers to access their overall financial health information. Third, although hybrid solutions gain even more prominence, poor digital experiences may cost financial planners their customer's loyalty, and therefore attention to detail is as critical as ever.