Fourth annual WealthTech100 list announced to recognise the tech companies transforming the global investment and banking industries
The new WealthTech100 list for 2022 was launched today by specialist research firm FinTech Global. We’re delighted to announce that Worksmart have won a place on this list. This prestigious ranking recognises the world’s most innovative technology solution providers that address the digital transformation challenges and opportunities faced by investment firms, private banks and financial advisors.
The WealthTech sector has experienced rapid growth over the last two years as the huge increase in digital financial products and remote client communications due to COVID-19 restrictions has accelerated the need for innovation. On the current trajectory, the global WealthTech market is projected to reach $11.9bn by 2030.
Thus, it’s not surprising this year’s process to identify the 100 WealthTech innovation leaders was more competitive than ever. A panel of analysts and industry experts voted from a list of more than 1,200 businesses. As a finalist, we were recognised for our innovative use of technology to solve a significant industry problem, and our ability to generate efficiency improvements across the investment value chain.
“The WealthTech 100 award confirms the calibre of the Worksmart product range, and we are delighted to have once again been globally recognised for the products that we provide to our clients. As the FCA continues to focus in more heavily on the newly proposed Consumer Duty, never has “WealthTech” been more critical in support of firm’s advice processes. For those firms yet to dip their toes into the RegTech arena, we would invite organisations to get in touch and find out what Tech can do for your people and process requirements.” Director of Regulation & Market Engagement, Julie Pardy
FinTech Global Director Richard Sachar said, “The rise of digital distribution channels and online financial products has opened new client segments for investment firms and financial advisors. As a result, businesses that fail to keep up with the latest technologies and innovation will be less competitive and lose market share over time. The WealthTech100 list helps senior decision-makers in the industry filter through all the vendors in the market by highlighting the leading companies in areas such as client acquisition, financial planning, portfolio management and digital brokerage.”
A full list of the WealthTech100 and detailed information about each company is available to download for free at www.WealthTech100.com.