Fifth annual WealthTech100 list identifies the technology companies that are transforming the wealth/asset management and banking industries during an uncertain market
FinTech Global, a specialist research platform for all things FinTech, has launched the newest edition of the WealthTech100 list for 2023. This list is a ranking of the world’s most innovative technology solution providers that support investment firms, private banks and financial advisors with their digital transformation efforts.
War, cost-of-living crisis and customer demand for best-practice digital experience have accelerated innovation in the investment sector. Many wealth management firms are now spending more on technology than most other areas of their businesses, making tech the most important aspect of managing and growing a wealth management firm.
The new WealthTech100 list aims to highlight the tech innovation leaders in the industry and which business models will have a lasting impact. While the selection process is difficult every year, with the context of the market, deciding the 100 finalists proved even tougher.
The industry-leading list required a panel of analysts and experts to vote upon a list of over 1,200 businesses. Research on these companies was compiled by FinTech Global. The finalists were selected based on their innovative use of technology to solve a significant industry problem, or to generate efficiency improvements across the investment value chain.
FinTech Global director Richard Sachar said, “At a time when not even the giants like Silicon Valley Bank and Credit Suisse are safe, it is vital banks and investment firms have the best technology behind them. On top of this, customers are demanding better and more streamlined engagements, and are more than happy to switch to a provider that offers this. This WealthTech100 list will equip senior-level leaders in financial institutions with detailed information on some of the most innovative companies in WealthTech.”
A full list of the WealthTech100 and detailed information about each company is available to download for free at www.WealthTech100.com.