Kidbrooke is named as one of the world's leading companies innovating the wealthtech industry in FinTech Global's annual WealthTech100 list – a list that highlights tech companies transforming global wealth- and asset management industries.
WealthTech100 is an annual list highlighting 100 of the world's most innovative WealthTech companies, selected by a panel of industry experts and analysts. The prestigious list features tech companies that transform the global wealth management, financial advisory and asset management industries, driving them forward. On May 4 it was announced that the Swedish fintech company, Kidbrooke, qualifies for the list – second year in a row.
Founded in 2011, Kidbrooke offers innovative digital API-based solutions, including the OutRank API – a powerful software platform that enables automation of financial decision support and self-service customer solutions. By using these tools, banks, insurance companies and wealth managers can slash the costs of providing financial advice and consistently offer their customers engaging and intuitive financial experiences.
– Technology saves time which in turn can be spent on improving customer relationships. You can use the time saved to be more like a personal trainer and at the same time give each advisor the opportunity to help more clients, which reduces the unit cost of providing advice, says Fredrik Davéus, CEO of Kidbrooke.
Kidbrooke is the only Swedish company on the 2021 list
The research initiative behind the WealthTech100 list is led by FinTech Global with the aim of making it easier for financial industry providers to find and invest in innovative solutions which would drive their development forward. In a press release, FinTech Global says that the WealthTech industry has grown dramatically over the last four years as new digital services helping to manage personal finances, access investment markets and provide financial advice are replacing traditional industry models. Total funding for 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.
– 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, says FinTech Global director Richard Sachar.
Kidbrooke is the only Swedish company to qualify for the 2021 list. Over the past four years, several of Sweden's largest banks and insurance companies have engaged Kidbrooke's services, resulting in efficiency improvements and cost savings of between 20 - 40 percent in processes related to wealth management and customer relationships.
For more information please contact:
Zaliia Gindullina, Head of Business Development, Kidbrooke
Phone: +46 (0)700 407 845
Kidbrooke provides a modular software platform enabling banks, insurers and FinTechs to build next-generation wealth offerings which are compliant by design, cost-efficient and research-based. While our platform provides automated decision-making capabilities it also includes powerful tools for many types of model validation, including AI and ML explainability.
Kidbrooke improves decision-making processes within the financial services industry and beyond. Historically, best practice financial decision-making support has been available only to the wealthiest and still many wealth managers are only accessible to high net-worth individuals. The company believes in a world where everyone can make informed financial decisions. As such, Kidbrooke empowers its customers with industry leading financial risk analytics at an affordable price-point to improve accessibility to financial guidance and support.