Thrilling news announced by FinTech Global and their WealthTech100 initiative in 2021: for the third consecutive year, FA Solutions has been recognized as one of the world’s most innovative technology solution providers addressing the digital transformation challenges and opportunities faced by asset managers, private banks, and financial advisors.
For the third year in a row now, FA Solutions has been chosen as one of the superior Wealth Management technology solution providers worldwide. Every year Fintech Global evaluates the global Wealth Technology (WealthTech) industry to draw up their top 100 list turning the spotlight on the most cutting-edge players in the business. FA Solutions was selected among the leading Portfolio Management software providers in 2019, 2020, and now again in 2021.
Wealth Management is a rapidly growing industry around the globe. As a matter of fact, the Boston Consulting Group estimated there were $89 trillion of global assets under management (AUM) in 2019. Wealthtech, in turn, comes into the game to ally digitalization and the investment and wealth management sector. Thus, The WealthTech industry has grown dramatically over the last four years as new digital services to manage personal finances, access investment markets, and provide financial advice are replacing traditional industry models. Total funding to the industry has more than tripled since 2016 from $2.8bn to $9.3bn at the end of 2020, according to figures published by FinTech Global. Consequently, this field has become more competitive. Identifying the leading players that have a solid product offering today and stay on top of tomorrow’s industry development trends is getting complicated.
Thereat Fintech Global, a London-based provider of market intelligence and analytical tools for the financial technology (FinTech) industry, annually brings together an expert group of business analysts to study the industry landscape and vote for the most advanced solutions WealthTech players.
“Each year we start with a list of over a thousand companies, but only the ones that solve a significant industry problem while generating efficiency improvements or cost savings across the investment value chain end up in the WealthTech 100.”, stated Fintech Global. In 2021, Fintech Global chose 100 top FinTech companies in the world from an initial list of over 1000 solution providers, all dedicated to resolving the painstaking challenges of the Wealth Management industry these days.
“Established banks and investment firms need to be aware of the latest innovations to remain competitive in the current market, which is heavily focused on digital distribution and increased use of customer data, and even more so post Covid-19.– said FinTech Global director Richard Sachar.
The WealthTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as client acquisition, financial planning, portfolio management and digital brokerage.”
“Having been operating worldwide for years already and meeting with hundreds of Asset and Wealth Management companies all around the globe, we can confirm that FA Solutions does stand out and have a globally competitive product, the FA Platform.– comments Hannes Helenius, Partner at FA Solutions.
We look forward to continuing our efforts, and had there been a top 10 list, that would have been our next goal!”
FA Solutions is genuinely honored to be recognized as one of the top 100 WealthTech solution providers globally in the last three years. FA has been operating in FinTech since 1999, and throughout all these years, our goal has been to simplify daily processes for investment managers, from a small single-family office to international banks. We are dedicated to offering cutting-edge software and developing new and more efficient solutions to complex problems in the financial industry. We are here to help our clients stay on top of their game in providing quality Investment Management services to their clients.