Wealth-Tech Platform
The term ‘Wealth-Tech’ was coined in the early 21st century, which referred to the technologies that assisted private and professional institutions in managing their finances. The focus of these technologies has shifted towards improving consumer services, having a huge effect on businesses, and allowing people to manage their wealth in a way that traditional financial institutions could not.
With the recent advancements in big data, machine learning, artificial intelligence, software programs can now offer users personalized advice on wealth management.
Therefore tasks and processes, such as investments and savings, previously handled by wealth management experts are now in the hands of direct users and companies because digital tools like Wealth-Tech are available. Here are some of the features of Wealth-Tech:
Wealth-Tech is the amalgamation of the terms “Wealth” (savings, investments, or inheritance) and “Tech” (technology).
Wealth-Tech results from the convergence between digitalization and the investment and wealth management sector. It brings together companies, initiatives, and digital technology to manage investments and savings.
Wealth-Tech is the integration of next-generation technology, including artificial intelligence, machine learning, or advanced application of big data, with financial assets like savings, investments, and inheritance, to create a digital ecosystem of finances, to facilitate investment management. These leading-edge techniques are available to investment management professionals, end-users, and experts through the digital platforms and the products created by technology companies specializing in this area.
Wealth-Tech offers focused services to the B2B segment, focusing on advanced technology services for professionals, companies specialized in investments, wealth and savings management, and services to the B2C end-user adapted to the needs of the standard user.