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WealthTech Trends for the First Quarter 2021

Every quarter, we summarize the most important trends in WealthTech in a video summary. However, we know that some of you might prefer to have it in a text format! Therefore, we share its transcript for your convenience as well. In the first quarter of 2021, we identified the three most prominent trends in our emerging field. First of all, the pandemic served as a catalyst for advisory services and the accompanying experience becoming the wealth management industry’s core value proposition. Secondly, as advisory relations and inheritance transition from the older generation to the younger, the industry must be ready for the tectonic shifts concerning customer demands. Third, we see a rise in demand for hybrid solutions, where wealth managers leverage financial analytics to optimise the quality, administrative side and timeliness of the asset allocations.

Kidbrooke’s Summary of WealthTech Trends for The Fourth Quarter of 2020

Every quarter, we summarize the most important trends in WealthTech in a video summary. However, we are very mindful that some of you might prefer to have the text at hand! Therefore, we share its transcript for your convenience as well. In the fourth quarter 2020, we identified three trends that were most prominent in our emerging field. First of all, open banking technology has inspired many wealth managers to think about their offerings creatively and review the customer journeys that they were providing at the time. Secondly, we have seen an increased adoption and visibility of sustainable finance within the wealth management communities. Third, we noted that the pandemic has become a catalyst for more social media use among wealth managers.

The Role of Economic Scenario Generators in the Age of Covid-19

Economic Scenario Generators (ESGs) are fundamental to the analysis of ALM problems. Oversimplifying, they are software tools that facilitate simulated analysis of economic variables and risk factors. 6 months ago, no one in the West could have predicted what we are now experiencing. Nonetheless, we are truly now in un-navigated economic territory globally. Stress-testing and scenario analysis comes in a variety of formats and styles. Many are formulated by benchmarking variability on previous events and crises. None of these would have offered any forewarning of the impending magnitude of Covid-19.  Specific predictions vary and are challenging to make, but we can be confident in seeing a record single quarter decline in global GDP. ESGs are not crystal balls and would not, ceteris paribus, have provided any direct mitigation to these challenges. However, as we prepare to make our first tentative steps into the ‘new normal’ we must surely re-evaluate the role that enhanced analytics can provide for asset allocators.

How Social Distancing Contributes to Building Trust in Digital Financial Offerings

In recent weeks, we’ve witnessed a dramatic change in routines for most industries globally. This has revealed a brand-new factor to business continuity – the flexibility to conduct business remotely. Despite lockdowns, the financial sector has continued providing services to consumers and businesses, supporting distressed economies and adjusting to the rapidly changing demands of their customers. A series of webinars, hosted online by Innovate Finance this year, has revealed several emerging trends within the space. One of the most intriguing tendencies is the forced shift towards digital services among consumers and SMEs. Financial technology has become instrumental for supporting people in their daily economic decisions, affording providers of digital offerings an unprecedented opportunity to deliver and build trust. We believe, therefore, that this change is likely to have a lasting impact on the industry in the aftermath of the pandemic.