Beyond adoption: Wealthtech finally eyes innovation
Wealthtech has finally graduated from forcing adoption to focusing on innovative ways to bring financial advice into users pockets.
March 15, 2021 3 MINS
Innovations in technology are front and center after a year of pandemic-driven lockdowns have forced a rapid increase in wealthtech adoption by advisers. One year later, technology providers are, finally, able to innovate beyond pushing the adoption of Zoom video conferencing and eSignatures.
In 2021’s “New Normal,” wealthtech innovation is focused on bringing the entire universe of financial services into the pockets of everyday users not just the ultra-high-net-worth investor.
“The time is now to bring these changes forward to the industry and Covid-19 has accelerated that, as people have turned more to digital for obvious reasons,” said Tricia Rothschild, President of Apex Clearing, an API-driven alternative to traditional custodians
Bryan County News More
By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism. Great Oaks Bank hosting Community Shred Day April 22
To Celebrate Earth Day on April 22, Great Oaks Bank is hosting a free Community Shred Day at its office, 42 Town Center Drive, Richmond Hill, between the hours of 9 a.m. and 10:30 a.m.
According to Javelin Strategy & Research, 33 percent of U.S. adults have experienced identity theft. One of the best ways to protect identity is to securely destroy sensitive documents like old tax returns, bank statements and cancelled checks.
(IIS), today announced it has acquired award-winning data breach intelligence fintech Breach Clarity. As a result of the acquisition, Sontiq’s products – IdentityForce, Cyberscout, and EZShield – all built on its tech-enabled IIS Platform, will have the proprietary capability, BreachIQ™. Sontiq is the first provider in the identity security marketplace to offer consumers an AI-driven and proprietary personalized risk score with actionable next-steps based on their unique data breach history.
BreachIQ is powered by a patented, AI-driven algorithm developed by Breach Clarity Co-founder
Jim Van Dyke, one of the country’s foremost data breach experts. Van Dyke is also the founder of Javelin Strategy & Research, serves as a board member of the Identity Theft Resource Center, and is a former board member of the U.S. Consumer Financial Protection Bureau (CFPB). Van Dyke will join Sontiq as SVP, Digital Financial Wellness. Breach Clarity Co-founder,
Breach Clarity Acquired by Sontiq - Infosecurity Magazine infosecurity-magazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infosecurity-magazine.com Daily Mail and Mail on Sunday newspapers.
AssetMark Seeks To Compete On Broader Stage With Latest Moves The turnkey asset management platform is looking more like a diversified wealthtech provider, having added services for planners and RIAs.
The turnkey asset management platform AssetMark is looking more like a full-fledged wealthtech firm than a simple TAMP.
With $74.5 billion and more than 8,400 advisors on its platform, the firm is making a push to appeal to advisors looking for “new and different solutions,” according to the firm’s new CEO, Natalie Wolfsen.
Besides making a change in leadership, in less than two months AssetMark announced the pending launch of AssetMark Institutional, which is designed to provide RIA-focused products, Advisor Managed Portfolios and alternative investments; a client experience that better supports financial planning, account reporting and digital communication; and specific events and thought leadership materials for RIAs. It is scheduled to go live on March 10.