For the longest time, wealth management services were considered the preserve of several institutions and companies that controlled a large share of the industry. By its very nature, wealth management is perceived as an avenue that serves wealthy and affluent clients. Yet while this continues to be the case, the rise of fintech solutions has increased the availability of wealth management services to a proportion of clients who would otherwise not have benefited. To say that fintech has become a near constant in the modern world is to put it lightly. With a variety of solutions available for multiple target audiences, there are plenty of options for investors. This growth in fintech has seen the solutions morph from money transfers and payments to solutions that offer almost-instant trading options, among others. As Razi Salih – an entrepreneur with years of experience establishing projects in the financial sector – knows, retail investors have gone wild for these solutions, and their use has made it possible for more innovations in the traditionally-reserved wealth management space. Read More: https://www.razisalih.com/how-fintech-has-impacted-wealth-management/

1. By Razi Salih,
a businessman and entrepreneur with expertise in Fintech, digital marketing,
advertising and real estate.
HOW FINTECH HAS
IMPACTED WEALTH MANAGEMENT

2. For the longest time, wealth management services were considered the preserve of several
institutions and companies that controlled a large share of the industry. By its very nature, wealth
management is perceived as an avenue that serves wealthy and affluent clients. Yet while this
continues to be the case, the rise of fintech solutions has increased the availability of wealth
management services to a proportion of clients who would otherwise not have benefited.
2
HOW FINTECH HAS IMPACTED WEALTH MANAGEMENT

3. HOW FINTECH WORKS IN WEALTH
MANAGEMENT
To say that fintech has become a near constant in
the modern world is to put it lightly. With a variety
of solutions available for multiple target audiences,
there are plenty of options for investors. This growth
in fintech has seen the solutions morph from money
transfers and payments to solutions that offer
almost-instant trading options, among others.
As Razi Salih – an entrepreneur with years of
experience establishing projects in the financial
sector – knows, retail investors have gone wild for
these solutions, and their use has made it possible
for more innovations in the traditionally-reserved
wealth management space.

4. Financial transactions produce large amounts
of data, which, when combined with other
“non-traditional” sources such as web traffic,
can help investment companies come up with
smart algorithms that maximize investment
opportunities. In the fintech world, more
data sources means more avenues for
innovative application.
BIG DATA

5. BLOCKCHAIN
5
The distributed ledger concept that blockchain offers is a protective measure that wealth
management solutions integrate for an added layer of protection. To clients, such technology
ensures that transactions are transparent and that the underlying platform is reliable.

6. ARTIFICIAL INTELLIGENCE
AI analyses huge data subsets and recognizes
patterns to eliminate any “gut feeling” reactions to
investments. These patterns form the basis of
automation, which helps in simplifying the decision-
making process and means that resources can be
allocated to other areas. As AI continues to grow, it
will be possible for it to even integrate voice-based
interactions into the wealth management process.