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At AFIEA, we we see the present financial technology solutions are mainly focusing on automating traditional repeated operational tasks. With the rapid increase of computing power and advances in artificial intelligence and machine learning, new AI applications are being created and developed every year to improve financial services for better serving investors. Our expertise with our consulting partners is growing with continued cooperation and up-to-date financial technology research.
The following are a few selected Fin-Tech areas that are believed to grow based on our recent consulting projects, market research, and technology prediction. You are welcome to contact us for any questions about financial services-related technology & intelligent solutions. Contact us if you have any questions or comments.
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The computational power has revolutionized the fintech companies. In particular, data and the near-endless amounts of information are transforming AI to unprecedented levels never seen before.
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Asset Management
Turnkey Asset Management Platform (TAMP) - Portfolio management and trading tools that allow wealth managers to monitor and manage individual client accounts and execute trades, connecting the wealth manager to the rest of the financial service ecosystem.
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Fund Administration
Fund accounting, investor reporting, financial reporting, regulatory reporting, treasury, depositary services, and other administrative services are examples of fund administration services. These traditionally manual tasks can now all automated with technology.
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Customer Relationship Management
Practice management – Administrative tools to help advisors manage their business, including workflow management, practice monitoring, and compensation tracking.
Relationship management – Enable clients to manage all their relationships on the same platform. |
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Alternative Data
Alternative data is defined as non-traditional data that can provide an indication of future performance of a company outside of traditional sources, such as company filings, broker forecasts, and management guidance.
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Financial Intelligence
Financial intelligence refers to how technology has the built-in, automated, and specific functions that finance needs to make better, more informed decisions.
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Reporting
Portfolio accounting & reporting – Provide reports on performance, accounting tools, and compliance tools for wealth managers.
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GRC
GRC (governance, risk, and compliance) is an organizational strategy for managing governance, risk management, and compliance with industry and government regulations. An integrated suite of GRC software is capable for implementing and managing an enterprise GRC program.
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Billing
Billing services – Provide comprehensive customer billing and revenue management.
Automated fee management – Provide customizable fee calculation based on account types and holdings. |
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Data Aggregation and Reconciliation
Data aggregation tools - Combine client datasets from multiple different sources. For example, it creates a holistic client wealth report that combines data from custodians and other third parties.
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Client Portal
Client portal – For end clients to monitor portfolio and download reports.
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Reciprocal Deposit
Reciprocal Deposit - The reciprocal deposit arrangement is a network of banks that place funds at other participating banks for depositors to receive insurance coverage for the entire amount of their deposits.
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Lending
Securities-based lending - Automate the practice of making loans using securities as collateral.
Mortgage solutions - Provide integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market. |
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Insurance
Insurance software - Accelerate and simplify sales, compliance, operations and support. The end-to-end solutions range from infrastructure exchanges, carrier systems, agency systems, risk compliance, and custom software development for all entities involved in the insurance industry.
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Retirement
Retirement plan - Technology is on the verge of making retirement plans more effective. New retirement plan technology includes goal-based investing, target date funds, stable income and annuity solutions, and managed account services.
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Compliance
Compliance automation - Detect, prevent, and investigate money laundering, fraud, and compliance violations .
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Intelligent User Interface
Mobile access – Human-friendly portal for end clients to monitor and access investment portfolios through mobile devices.
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Intelligent Customer Relationship Management
Client discovery tools – Facilitate the acquisition of new customers, including online marketing, prospecting, and lead management.
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Intelligent Wealth Management
Portfolio rebalancing tools - Realign portfolios to match target weightings or execute changes in weightings, incorporates tax efficiency, or other execution optimization.
Portfolio risk management tools - Allow advisors to conduct portfolio analytics. They can be advisor-facing only or can create client-facing reports and facilitate advice around risk trade-offs. |
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Intelligent Financial Planning
Financial planning – These are client-facing software that intakes client preferences and data to generate portfolios. Such tools can recommend changes to cash flows and guide client behavior changes such as savings rates.
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Intelligent Portfolio Management
Investment outsourcing with robo-advisors – Allow advisors to outsource investment decisions and focus on relationship management and client acquisition.
AI-powered equity ETF - The new exchange-traded fund is actively managed and invests primarily in equity securities based on the results of a quantitative model utilizing artificial intelligence, machine learning, and big-data applications. |
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Intelligent Research
Research process automation - Quickly search through millions of SEC filings, transcripts, and presentations to find crucial information on any securities and generate summary reports with highlights, annotation, notes, charts, and tables.
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Intelligent Security
Intelligent cybersecurity platform - Protect the complete attack surface with automated threat prevention, detection, and response capabilities. Provides real-time visibility into all network-connected endpoints, including traditional and mobile devices, across complex wired and wireless networks.
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Intelligent Payment
Payment acceptance - Enable the acceptance and processing of digital payments with intelligent financial commerce platforms.
Intelligent payment - Ability to issue your own secured payment instruments, leverage physical and virtual cards to let your customers or employees pay across all channels. |
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Intelligent Banking
Digital Banking - Consumers' growing desire to access financial services from digital channels has led to a surge in new banking technologies that are reconceptualizing the entire retail banking market. Technology has its hand in seemingly every aspect of the banking industry. The influence of technology will continue to launch banking into a digitized future.
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Intelligent Process Automation
Robotic process automation (RPA) and related technologies - Automate a wide range of financial services activity without the need for complex programming.
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Intelligent Trading
Electronic trading - Digital technology for market making helps asset managers, central banks, hedge funds and investors access the liquidity they need through a range of electronic marketplaces.
Portfolio trading - Portfolio trading for ETFs and bonds is becoming a vital new liquidity source for clients seeking to trade large, complex baskets more efficiently. |
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Intelligent Data Analysis
Data analysis - Develop algorithms to extract valuable information from text to optimize knowledge tasks focusing on content organization, consumption, distribution and analysis.
Data comprehension - Read, understand, reason, and answer questions about unstructured natural language text. |
Online Fin-Tech Resources
Wealth Management Technology (Source: kitces.com)
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Digital Banking Technology (Source: cbinsights.com)
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Online Robo-Advisor Resources
Robo-Advisor & Intelligent Model Portfolio (Source: IntelliAlpha.com)
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AI & Data for Investor Behavior & Market Psychology (Source: IBMetrics.com)
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