FinTech Global Recognizes FutureVault as One of Top WealthTech Companies Transforming the Global Investment, Banking, and Wealth Management Industries on its Fourth Annual List
TORONTO, ON, April 20, 2022 — FutureVault, an industry-leading provider of secure document exchange and Digital Vault solutions pioneering the advent of Personal Life Management, announced today it has been named one of the top technology companies transforming the global investment, banking, and wealth management industries in the fourth annual WealthTech100 list.
The 2022 WealthTech100 list was officially announced today by specialist research firm FinTech Global. The prestigious ranking recognizes the world’s most innovative technology solution providers that address the digital transformation challenges and opportunities faced by investment firms, private banks, and financial advisors.
A full list of the WealthTech100 and detailed information about each company is available to download for free at www.WealthTech100.com.
“In today’s digital-first, complex world, we’re extremely proud to support wealth management firms and advisors with technology that provides material benefits across their front and back-office functions, while also enabling them to build more trust with their clients by providing unparalleled value delivered via Personal Life Management vaults,” commented Kristian Borghesan, Vice President of Marketing at FutureVault. “Here at FutureVault, our team is committed to innovation and integration that continues to enhance productivity and workflow, and ultimately connect stakeholders across all levels of the organization like never before through our best-in-class platform.”
The WealthTech sector has experienced rapid growth over the last two years as the huge increase in digital financial products and remote client communications due to COVID-19 restrictions has accelerated the need for innovation. On the current trajectory, the global WealthTech market is projected to reach $11.9 billion by 2030.
Thus, it’s not surprising this year’s process to identify the 100 WealthTech innovation leaders was more competitive than ever. A panel of analysts and industry experts voted from a list of more than 1,200 businesses. The finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate efficiency improvements across the investment value chain.
Richard Sachar, Director at Fintech Global commented, “The rise of digital distribution channels and online financial products has opened new client segments for investment firms and financial advisors. As a result, businesses that fail to keep up with the latest technologies and innovation will be less competitive and lose market share over time. The WealthTech100 list helps senior decision-makers in the industry filter through all the vendors in the market by highlighting the leading companies in areas such as client acquisition, financial planning, portfolio management, and digital brokerage.”
This prestigious recognition marks another notable milestone in the FutureVault journey as the team continues to build a world-class product that solves the everyday challenges faced by brokerages, firms, and professionals everywhere.