Empirica presented robo advisory software at FinTech Connect Live in London

Empirica took part in the biggest FinTech Event in Europe with almost 2500 attendees from 44 countries and 145 exhibitors & partners, taking place in London this December (6th & 7th). FinTech Connect Live combined a large scale expo, with 180 experts speaking in 120 dedicated conferences focusing on different FinTech subsectors, like WealthTech, InsurTech or PayTech with strategic discussion based sessions, keynote presentations, product demos and interactive workshops.

fintech-connect-live-2016Empirica proudly presented own white label solutions like an intelligent Robo-Advisory Platform, Algorithmic Trading Engine and FinTech Software Framework as well as development services among both tech giants and brand new start ups with sophisticated niche product offerings. Anyone interested in speaking with Empirica about building the bespoke FinTech solution behind own service could meet our team at the stand. We shared experiences gained for over 6 years of developing solutions for financial institutions and FinTech companies, including robo-advisors. We ran many interesting conversations about new market trends and needs, specially in wealth management space. Our Robo-Advisory Platform received huge attention from asset managers and investment companies participating in the event.

Empirica presented also company showcase demo at the showcase theater. While presenting our experiences, CEO of Empirica illustrated the most important issues of building tailored FinTech software.

fintech-connect-live-2016-sDuring the conference there were many interesting presentations and panel discussions about future trends of robo advice and advancements in the fields of InvesTech and WealthTech and other FinTech sessions like: the future of banking, blockchain rising, opportunities and risks in the data economy in FinTech, crowdfunding & P2P lending.

Thank you to all the participants who visited us at our stand or watched our showcase demo presentation! 

Empirica Team

 

See our Robo Advisor Software:

See our Robo Advisor Software

Reasons for asset managers to implement robo advisor software

The disruptive changes introduced by FinTech companies bring threats but also show where the opportunities can be found. With the advent of automated wealth management solutions, the traditional wealth management industry is facing perhaps its most disruptive threat since low-cost online stock trading in the mid 1990s.

Most wealth management companies now have a prime opportunity to apply robo-advisory technology to respond on time to the growing expectations of existing and future investors (the Millennials) and to stay more cost-efficient and profitable even in lower fees environment.

Main reasons to implement robo-advisory platform:

  • To broaden the market for clients whose assets are below the minimum requirement now by traditional advising. Robo-advisors can offer the investors regular access to financial tools that have been reserved for high net worth investors. Automated advisory platforms allow the advisory firms to scale up operations and serve more clients of every size and type.
  • To stay profitable in the lower fees environment. Automated advisory platforms allow advisory firms to remain profitable and be significantly more cost-efficient in their advice delivery and execution even if fees decline. Low fees are an undeniable advantage in the eye of the customer. Many investors are ready to opt out of human advisors in exchange for lower costs and access to advanced services offered only for wealthier customers so far.
  • To work with Millennial Investors – a largely untapped source of assets. Digital advice attracts millennial generations of customers in a natural way. Millennials have two major characteristics: they are both accustomed to the online life, and usually do not have sufficient knowledge about investing. According to Accenture, almost 40% of Millennials are interested in robo-advice and their predisposition is to “do-it-yourself-through-an-app”.
  • To address growing expectations on the level of the service. Providing the investors with real time information on their assets in an engaging way saves time and is more convenient to them.
  • To attract investors by providing user portfolios aligned with their life goals instead of products of the advisor. Robo-advisory platforms give the visualization of balance projection and show the investor dependencies between the answers from the on-boarding questionnaire, risk profile, proposed investment strategy and long term financial goals.
  • To benefit as a manager from behavioural analysis of customer activities in the system to help them get a better deal with emotional aspects of investing.
  • To aim for transparency, especially when presenting the robo-advisor’s pricing, product and process information.

See our Robo Advisor Software:

See our Robo Advisor Software