SOPIAD has been recognised as one of the world’s most innovative WealthTech companies for 2022
SOPIAD is delighted to have been included in the WealthTech100 for 2022 and to be recognized as one of the world’s most innovative WealthTech companies that every leader in the wealth and asset management industries needs to know about in 2022
The prestigious list recognizes 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.
A range of factors was considered by the Advisory Board and FinTech Global team to make the final selection including:
- Industry significance of the problem being solved
- Growth in terms of capital raised, revenue and customer traction
- Innovation of technology solution
- Potential cost savings, efficiency improvements, impact on the value chain and/or revenue enhancements generated for clients
- How important is it for executives in asset management, private banking and financial advisory to know about this company?
The finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate efficiency improvements across the investment value chain.
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.”
More information about the award and the full list of the WealthTech100 companies selected for 2022 is available at www.WealthTech100.com.