WealthTech is where investment management, portfolio accounting, advisory services and related software and services converge into a niche space within the technology world. It is transforming investing, trading, wealth management and asset management through the aggregation of information and Big Data analysis, using automated financial advisors to manage clients’ assets.
Designed to support wealth and asset management firms, WealthTech solutions provide real time access to data to monitor, adjust, implement, understand, propose and build the ideal investment package for each individual client.
Regulatory Technology or RegTech is technology that helps people comply with their regulatory obligations. And as regulatory compliance is one of the most time and resource-consuming activities for financial institutions, this agile technology is helping firms facilitate the delivery of regulatory requirements as well as better understand and manage risks.
RegTech it is becoming more and more crucial as levels of regulation rise and focus on data and reporting increases. It’s dynamic technology, with real time reporting, so firms can respond almost immediately to regulatory changes. It is also addressing a gap in the financial services market that is being disrupted at a speedy pace by Fintech.
RegTech solutions offer clear benefits and significant advantages:
RegTech and WealthTech leverage a great variety of technologies, including cloud computing, block chain and big data. If there’s a defining trait that all RegTech and WealthTech solutions share, is that they all need to be cloud-based. This is considered the only way to ensure that they are responsive and flexible enough.
And that’s where The Bunker can help.