Contemi in World’s 100 Most Innovative WealthTech Companies
Contemi Solutions, a global software solutions provider to wealth management, insurance, and capital markets, is recognised among the world’s 100 most innovative WealthTech companies, for its Wealth Intelligence (WIN) offering to the wealth management market.
Contemi’s Wealth Intelligence (WIN) enables wealth management companies to increase automation across the entire value chain and unleash business growth. It provides them with market leading, highly scalable, cloud-based front, middle and back office digital solutions from a single platform.
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 sector has more than tripled since 2016 from $2.8bn to $9.3bn at the end of 2020, according to figures published by FinTech Global.
Fintech Global, a specialist market research firm, gathered a panel of business analysts and industry experts to scope out the industry landscape and vote on the most innovative WealthTech players across the world. Each year they start with over 1000 companies, but only the ones solving a significant industry problem while generating efficiency improvements or cost savings across the investment value chain end up in the WealthTech 100.
The 2021 WealthTech100 launched on 4 May 2021 and recognises the world’s most innovative tech solution providers addressing the digital transformation challenges and opportunities faced by asset & wealth managers, private banks and financial advisors. The list highlights the most innovative players in the business and aims to help investment firms, private banks, and advisors identify new business models that will have a lasting impact on their industry.
Contemi’s Wealth Intelligence (WIN) was assessed on the following criteria:
- Industry significance of the problem being solved
- Growth, in terms of capital raised, revenue, customer traction
- Innovation of technology solution
- Potential cost savings, efficiency improvement, impact on the value chain and/or revenue enhancements generated for clients
- How important it is for executives in asset management, private banking and financial advisory to know about this company
FinTech Global director Richard Sachar said, “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. 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.”
Gaurav Mehta, Executive Director Global Business Development, at Contemi Solutions, added: “We are delighted to have been named among the world’s 100 most innovative wealthtech companies. We are even prouder of the fact that we are chosen by industry experts.
Our WIN Suite enhances the entire advisor-client engagement & collaboration experience. It helps wealth managers to optimise back-office operations reducing cost, risk and ensuring compliance. This recognition follows a series of acknowledgements for our WIN solutions both by industry analysts and clients. It validates the importance of what we do for our clients and how our WIN Suite is increasingly gaining traction in the Wealth and Investment Management industry as an innovative digital platform of choice to respond to the challenges and increasing complexity facing this sector. In addition, it highlights our commitment to developing cutting-edge, client-centric technology solutions that deliver unparalleled speed, efficiency and flexibility to financial services companies.”
A full list of the WealthTech100 can be found at www.WealthTech100.com.
About WEALTHTECH 100:
The WEALTHTECH100 is an annual list of 100 of the world’s most innovative WealthTech companies selected by a panel of industry experts and analysts. These are the companies every leader in wealth and asset management, private banking and financial advisory needs to know about as they consider and develop their digital transformation strategies and new customer propositions.
About FinTech Global:
FinTech Global offers the most comprehensive data, the most valuable insights and the most powerful analytical tools available for the global FinTech industry. They work with market leaders in the FinTech industry — investors, advisors, innovative companies and financial institutions — and enable them to get the essential intelligence they need to make superior business decisions. They cover every industry development, every investment, every exit and profile of every company in every FinTech sector around the world. For more information, please visit: www.FinTech.Global.
About Contemi Solutions
Contemi Solutions is a leading global provider of software solutions to wealth management, insurance, banks, and capital markets industries.
Backed by over 25 years of experience, Contemi’s innovative digital solutions are delivering value to 50 financial services companies across the globe. Contemi offers modular, cloud-based front-to-back office solutions and unique analytics and reporting expertise.
Founded in Norway and the UK, headquartered in Singapore, Contemi today maintains a local perspective globally with a team of more than 250 employees working from 11 offices across the UK, Norway, Singapore, Hong Kong, Australia, Vietnam, Malaysia, Indonesia, and India.
To know more, visit www.contemi.com