Blog Articles
Be seen to be believed: Using financial simulation to inspire your clients
Remembering her Majesty the Queen of the United Kingdom, Elizabeth the II, she often said that her public appearances were important because “I must be seen to be believed.” How can wealth managers help clients visualize their financial plans? Using technology to simulate different scenarios, provide analytics and keep clients engaged is one way to proceed.
Decoding inflation with OutRank®: Informing customers how rising prices impact their finances
As European energy prices break new records, many consumers wake up to a significantly altered financial outlook. This change occurs through multiple factors. First, the increase in household outgoings makes living costs less manageable. Second, as central banks strike an increasingly hawkish tone to keep inflation expectations from spiralling out of control, rising interest rates make it more difficult for borrowers to service their mortgages
Forecast: The Core Ingredient of Engaging Financial Experiences
It has been a few years since digital transformation appeared on the priority list of the financial industry executives. While the evolutionary process of tapping into the latest technology is continuous, the pandemic has accelerated it dramatically. Even the most conservative branches, such as wealth management, now contemplates transforming their businesses into more digitalised operations. Some financial advisors embrace innovation wholeheartedly, reaping all the benefits and facing all the risks of early adoption, while others take a more cautious strategy. OutRank® advocates an incremental, forecast-driven approach when building digital journeys for your customers or financial planners, regardless of where your competitors are in their digital transformation efforts. At Kidbrooke®, we provide Forecast, the module of OutRank®, which delivers predictive forecasting functionality applicable to various financial planning use cases and digital journey elements.
Three Emerging Business Models for Embedded Wealth
The rise of buy-now-pay-later unicorns such as Klarna and the dominance of payment solutions in the fintech agenda hint on the overarching embedded finance trend, the practice of incorporating financial services into other businesses in relevant contexts. Although the economic downturn poses significant challenges to the fintech industry, it is likely that we shall see more solutions within the embedded finance space. Today we focus on embedded wealth, another subsector of this industry.