WealthTech is a subset of FinTech, that uses advanced cutting-edge technologies and digital solutions to make traditional wealth management automated, more efficient, and digital.
Technologies that are used in WealthTech services are- Artificial intelligence, machine learning, Natural Language Processing (NLP), Big Data, Artificial Algorithms, etc.
Following are some of the use cases of WealthTech that can be seen around us-
-Digital Portfolio Management
In addition, two key areas would be emerging “Wealth As-A-Service”, extending from BAAS platforms and then plugging wealth services on any platform through Embedded Wealth.
Some of the popular Indian companies offering WealthTech Solutions are Zerodha, Groww, and Upstox.
Recent trends show the huge potential and opportunities available in this segment. We are expecting to see more players entering this segment and offering innovative solutions to the Indian Investors.