Startup financial-technology companies, commonly referred to as “fintech” providers, typically offer clients financial-service products that are more cost effective and easier to access than traditional bank offerings.
The firms benefit, among others, from the sheer automation and flexibility of the platform to manage the full advisory process, its low operating cost and fast client acquisition while delivering “independent” advice with transparency.
Utilising cloud, banks gain a proven, secure and continuously supported infrastructure to manage their banking operations end-to-end, at any time, with 24/7 access, hassle-free.
Morningstar Direct for Wealth Management addresses the challenges wealth management professionals face including organizational alignment, disparate technology solutions, and changes in the regulatory environment.
"Like us, Macquarie cares about creating great experiences for its clients and is setting the standard for the rest of the industry to follow when it comes to open banking," Ridd said.
Every tool within the solution automatically populates from this central CRM data, so administration is kept to an absolute minimum and the client experience is optimised through every service channel.
Billionaire entrepreneur says digital banking platforms, independent of banks, can reshape the global financial sector
According to the study, these findings may help validate and streamline procedures in the developments of drugs, and even help explain a new theory for the universe.