Innovation in wealth management and pension product management – WealthOS

Featured

Don’t let risk hold you back: five steps to ditch the fear and unlock innovation

The wealth management sector exists in a risk-averse environment - and with good reason. On the one hand, there is a huge responsibility that comes with taking care of people’s life savings. On the other hand, financial services businesses are subject to increasingly complex and stringent regulations.

Conquering the AI revolution: it’s a marathon, not a sprint

While wealth management has traditionally evolved at a measured pace, the AI revolution threatens to accelerate change dramatically, creating existential risks and extraordinary opportunities for firms.

The crucial role of APIs in AI and automation

With 68 percent of investors now expecting their provider to deliver an experience that is “on par with” leading born-digital companies, the pressure is on to accelerate modernisation. However, there is still a long way to go before the wealth management sector matches the level of tech adoption seen in other industries.

Product

A SIPP transfer is now a few clicks away

How does a faster, automated pension transfer process with continuous client updates sound to you? We built our Unified Transfer Manager solution to support Pension providers to do just this. Read on to find out more!

Revenue Collection in Wealth Management is now Seamless and Easy

We put fee computation in wealth management under the microscope to understand key frictions in current systems. Senior Product Owner Anjana Jayawardena talks about the solution we devised to make revenue collection easy and seamless as a part of the latest WealthOS’ Fee Module release. To all operations users, this one’s for you. The journey begins with percentage-based fees calculated on a daily accrual basis on AUM.

Building a Wealth Management App in 6 Weeks: Case Study

Any startup entering the market has to find the best way to show off their great value proposition and test out their idea. For us that required building a digital wealth management application that's three times faster than the current offerings available in the market.

Pensions Tech : A Harsh Reality

In pensions, there is a clear mismatch between what customers have come to expect as a digital customer experience (CX) and the legacy back-end systems that are supposed to enable it. So, here is our take on the harsh realities facing pensions tech today, as bridging this gap will impact the brand and bottom line for SIPP providers.

The Evolution of the SIPP

Do you want to know what it takes to be a future winner in the SIPP market? And how the SIPP evolved to become the leading vehicle for the mass adoption of private retirement savings & income?

The 2022 Wealthos Roadmap

Last year we took our first steps toward a production-ready platform with the implementation of a series of core features.

Portfolio Rebalance – made easy

Rebalance 100 client portfolio in three seconds. Orchestrate all trades, reconciliations and ledger keeping without lifting a finger.

Challenging the norm

At WealthOS our entire product ethos evolves around one thing - reducing friction. This permeates all our thinking and decisions, be it in the architecture of the WealthOS modular core, the ease of our Self Sign-On process, the simplicity of the tenancy configuration design or the generation of API documentation - the driving principle is reducing friction for our users at every level.

General

Don’t let risk hold you back: five steps to ditch the fear and unlock innovation

The wealth management sector exists in a risk-averse environment - and with good reason. On the one hand, there is a huge responsibility that comes with taking care of people’s life savings. On the other hand, financial services businesses are subject to increasingly complex and stringent regulations.

The crucial role of APIs in AI and automation

With 68 percent of investors now expecting their provider to deliver an experience that is “on par with” leading born-digital companies, the pressure is on to accelerate modernisation. However, there is still a long way to go before the wealth management sector matches the level of tech adoption seen in other industries.

Conquering the AI revolution: it’s a marathon, not a sprint

While wealth management has traditionally evolved at a measured pace, the AI revolution threatens to accelerate change dramatically, creating existential risks and extraordinary opportunities for firms.

Three pain points IFAs could solve with the right tools

In this Age of Information, it is no surprise that wealth management clients demand the same seamless digital experience they receive in other areas of their lives. They expect an Uber-esque sleek mobile app, Netflix's 'Because you watched…' style tailored advice, and instant access to their financial information, akin to Amazon's 1-Click ® —and all at a more accessible price point than traditionally available.

Is your back-end holding you back? Five essentials for your wealth platform

We all know that digital transformation needs to be an ongoing process. But, how can you bake in an ongoing, future-ready digital transformation process into your back-end technology stack?

The Digital Dividend: Why it pays to be a tech transformation leader

Are you a digital leader or laggard? It matters how you answer this because it could have serious cost implications for your wealth management business.

What wealth management can learn from Walt Disney World

As we all know, Walt Disney World's magic spell is cast by star attractions and rides that keep everyone entertained. Yet without dependable infrastructure, there’s a risk that this spell could be broken, it’s the same in wealth management.

Interoperability in Wealth Management

We believe in a world where wealth management is as simple and seamless as that offered by leading platforms like Amazon, Uber and Netflix.

The Low Down on Low Code

A non-techie explanation on low code/no code. We use technology all the time and now the ability to solve that work problem or take on a new side hustle is at your fingertips.

For the final segment of this series, I'm going to talk about the first ten sprints (20 weeks) of our MVP build, the evolution of our release plan and some hard hard-learned lessons.

Stop, Collaborate and Listen

In the last post From Concept to Code, my co-founder Anton talked about the great progress we've been making. We went from a proof-of-concept codebase in June to deploying productionalisable code into a sandbox environment come July.

From Concept to Code

Last week I talked about the importance of an amazing team to get a startup off the ground. So as promised for the next installment, here's a sneak peek into how WealthOS goes about taking features from concept to code.

Tech

Spot the Difference – Cloud-Native vs Cloud Computing

As cloud-based architecture becomes the norm for most technology services–B2B and B2C, cloud computing and cloud-native are terms that we see being used interchangeably. However, they actually have very different meanings and implications. This blog is aimed at clearing up the confusion, once and for all.

Agile SDLC: Delivering Continuous Value To Your Platform

An introduction to software development life cycles and the methodologies we follow at WealthOS to ensure that you always have an up-to-date platform, with no disruptions or unexpected changes.

How to Maximise Release Agility with Feature Flags

Feature flags are a crucial element for a SaaS platform to continuously deploy and upgrade production and sandbox environment without impacting clients. Software Engineer Prashastha Mudannayake takes you through what feature flags are, and how we use them in WealthOS.

WealthOS had a Little Lambda Problem…

Find out more about the workaround we used at WealthOS to maximise and facilitate our AWS Lambda Function usage

A quick introduction to AWS Lambdas and microservices-based architecture

Want to know why we at WealthOS have gone serverless? Here's a real quick intro to microservices-based architecture and the pros and cons of AWS-lambda functions.

‘Techsplain’ API like a Pro

APIs are becoming such a standard buzzword in wealth management and digitalisation that they've almost earned a spot on the ‘small talk’ menu.

Careers

We’re hiring!

At WealthOS, we want to empower people worldwide with financial security and equitable access to high-quality wealth management products and services. We find the existing core wealth management technology options to be out-of-date and non-digital friendly.

Limali in Fintech

When I first joined WealthOS as a product owner, I had almost zero knowledge of wealth management or of financial matters. I wasn't even that interested in the idea of finance and hadn't learned much on the subjects.

Internship logs – simulating order aggregation risk at WealthOS

The following is a breakdown of a problem I worked on while I was Interning at WealthOS over the summer. A bit about WealthOS, it is an API first, enterprise, core wealth management platform built to accelerate digital adoption and innovation within the wealth management industry.