For the second year running, FinTech Global has gathered a panel of wealth management industry experts to find the 100 most pioneering WealthTech companies in the world.
The resulting WealthTech100 2020 list highlights and celebrates the most innovative technology solution providers for asset managers, private banks and financial advisors.
The news of the list comes as the WealthTech industry is going through a period of tremendous growth. The total amount raised per year by the sector more than doubled from $2.8bn in 2016 to $7.8bn in 2019, according to FinTech Global’s research.
In other words, the panel of analysts and industry experts deciding which companies should be included on the WealthTech100 list this year surely had their job cut out for them. The panel voted from a list of over 1,200 companies produced by FinTech Global.
The finalists were recognised for their innovative use of technology to solve a significant industry problem, generate cost savings or efficiency improvements across the investment value chain.
“Established investment firms, private banks and advisors need to be aware of the latest innovation in order to remain competitive in the current market, which is heavily focused on digital distribution and transformation initiatives,” said Richard Sachar, director of FinTech Global. “The WealthTech100 list helps them do just that and identify new business models which will have lasting impact on the industry.”
The companies who successfully grabbed a spot on the coveted WealthTech100 list include companies like Advicent, provider of the leading SaaS financial planning platform for the financial services industry NaviPlan.
A second name to remember on the list is AlgoTrader, the provider of institutional quantitative trading solutions. Its solutions include the newly launched order and execution management platform for digital and tokenized assets – WIRESWARM. FinTech Global reported earlier this year that the Swiss company had bagged $3.8m in funding from a tier one bank to fuel its expansion.
Moxtra is a provider of digital customer engagement solutions through OneStop experiences that also made it onto the list. We can’t wait to see where it goes next.
Back in December, Nucoro, the London-based WealthTech venture, gained another feather to its hat when it secured its first client in the insurance industry – Swiss insurance broker Swiss Risk & Care. Before that, Nucoro had made a name for itself as a thought leader in the field. So it was hardly a surprise that the investment and savings innovation platform enabling financial institutions to deliver leading-edge FinTech experiences for their client-base found itself a spot on the WealthTech100 list.
Another business on the list was Tindeco. The company’s VISION technology enables wealth managers to dramatically reduce costs and offer mass-customisation of investment solutions – of any degree of sophistication.
Equally innovative is Xignite, the market data cloud solution which powers financial data-driven products with real-time, delayed and historical pricing information, that also found itself a well-earned slot on the list.
Other companies included in the list include Doxim, the communications technology leader providing omnichannel document solutions and transforming experiences to strengthen engagement across the lifecycle in financial and regulated markets; and GBST, a provider of technology to the global wealth sector with administration and digital solutions helping firms streamline operations and engage customers.
Embark, a genuinely digital platform offering the security of FNZ technology along with bespoke disruptive design and integration is another WealthTech100 winner to keep a lookout for in the future.
Kidbrooke is a battle-tested API provider that encapsulates emerging wealth management workflows and customer journeys. It is another venture to pay attention to after it grabbed itself a spot on the WealthTech100 2020 list.
A full list of the WealthTech100 and detailed information for each company is available to download at www.WealthTech100.com.