92 of the 100 biggest global banks run their backend on mainframe machines in their own data centres (IBM,2017). Today, the cloud underpins most new technological disruptions (Gartner, 2021) The gulf between incumbents and newcomers in the quality and agility of their digital offerings is only widening, posing an existential threat to incumbents (Future of WM – Deloitte, 2020). People are living longer and birth rates are dropping. We are facing the challenge that traditional retirement benefits cannot meet, hitting the poorest hardest.
To solve the frictions caused by legacy tech to digital transformation in wealth management, a deep understanding is required of (1) what happens under the hood operationally, (2) the main technological friction points and (3) the technological advancements that can solve the frictions. Which is where WealthOS comes in.
The WealthOS unified platform provides the cloud infrastructure, operational and regulatory features, business logic, external integrations and API connectivity to build and run wealth products like trading apps and robo-advisors.
With WealthOS we believe
Our value proposition
We are the next generation wealth management infrastructure stack for an industry that is seeking modern solutions to rapidly adopt digital wealth management trends.
Our cloud-native design eliminates upfront hardware costs and effort to get the platform set up. No need for physical data centres or expensive hosting. Serverless computing allows resource usage to be exact and for it to increase and decrease in line with demand. This reduces costs and is good for the environment!
Maintenance is fully taken care of and is covered in our SaaS fees. Features are made digital-ready by orchestrating and wrapping in APIs. Buyers only need to focus on the digital experience.
At present, platform technology for wealth, require weeks of expensive & human intensive work to get their product deployed into a test environment with the appropriate configs. Once deployed, it takes years of painstaking development work and millions of pounds to build very simple digital wealth features. Once live, a huge amount of further money must be spent keeping the lights on – software upgrades, bug fixes etc. WealthOS in comparison lets you set up a sandbox in minutes. All of the development is done and presented as APIs for digital features to be connected and all of the infrastructure and maintenance is looked after.
Simply put, WealthOS reduces the time taken to get rich and highly innovative digital wealth management products to market at least at a third of the time and half the cost compared to platforms built on analogue, on-prem and insular technologies.
If you’re thinking about digital wealth products, such as automated digital wealth, trading apps, digital direct indexing, retirement planning, and drawdown apps, or any other type of innovative wealth proposition, get in touch with us we look forward to bringing your innovation to market at an affordable rate and a lightning-fast pace.