Rating connectivity in WealthTech

TL;DR

Ezra Group CEO, Craig Iskowitz, explains the launch of the Wealth Tech Integration Score, a tool that evaluates the integration capabilities of wealth management technology applications.

Transcript

foreign [Applause] this is not the first time that we meet virtually and and connect Craig is the CEO of Ezra Kuru and we'll hear more about era operating in the wealth Tech sector um you will tell us more Craig welcome Murphy it's wonderful to be here oh wonderful to see you again it's been a while thanks for having me on the program well thank yo... Read More

Key Insights

• 🥺 The COVID-19 pandemic led to increased opportunities for fintech firms in the wealth tech sector.
• 🛄 The Wealth Tech Integration Score aims to provide transparency and help clients make better decisions when choosing vendors.
• 🤳 Self-directed investing and digital onboarding are two areas witnessing significant growth and innovation in the wealth tech sector.

Questions & Answers

Q: Why did Ezra Group launch the Wealth Tech Integration Score?

The integration of wealth management technology applications has always been a challenge, and the score aims to provide transparency and help clients make better decisions when partnering with vendors.

Q: Can the score help large incumbents like Bank of America in integrating their wealth management capabilities?

Yes, the score is particularly useful for larger firms that have multiple integrations and need to integrate internally. It provides a comprehensive overview of integration capabilities and can help them make informed decisions.

Q: Is self-directed investing the same as "do-it-yourself" investing?

No, self-directed investing involves using online brokers and making trades independently, while do-it-yourself investing typically involves managing investments without the help of financial advisors.

Q: Are embedded wealth services becoming more prevalent in the industry?

Yes, the industry is moving towards embedded wealth services, where wealth management capabilities are integrated into other platforms such as mobile apps or marketplaces. This integration makes wealth management more accessible and convenient for users.

Summary & Key Takeaways

• Ezra Group is a consulting and research firm in the wealth management technology sector that works with both banks and wealth tech firms.

• The COVID-19 pandemic led to changes in the wealth tech sector, with some projects put on hold and new opportunities arising for fintech firms.

• The Wealth Tech Integration Score provides transparency and helps clients make informed decisions about partnering with vendors based on their integration capabilities.