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corfinancial Secures Wealthtech Awards Double with BITA Risk System

corfinancial, a provider of specialist software, has won two categories at the WealthBriefing European Awards 2019 with its BITA Risk private client solutions and rides the crest of a new wealthtech wave of innovation.

The BITA Risk team secured the honours for ‘Best risk profiling solution’ (for the fifth year in a row). The shortlist for this year’s risk profiling award was fiercely contested – BITA Wealth Profiler ultimately triumphed with its ability to make the client mandate a living document rather than a static filed paper, embedding it within the daily management of the client portfolio.

BITA Wealth Monitor was also awarded the ‘Best implementation of a technology solution’ award for its deployment of BITA Wealth Monitor for Quilter Cheviot. Daryl Roxburgh, Global Head, BITA Risk said, “BITA Wealth Monitor provides investment managers with an extensive overview of their portfolios and helps in addressing any issues easily and efficiently, within an automated process.”

“My team has moved from a labour-intensive monthly monitoring cycle to getting the information they and our investment managers need to see every day,” said Nick Herbert, Head of Investment Risk at Quilter Cheviot.

“BITA Wealth Monitor provides investment managers with an extensive overview of their portfolios and helps in addressing any issues easily and efficiently, within an automated process.”

TFT asked Glue42 COO James Wooster where he thinks the major developments in wealthtech over the next 12 months will come from and he answered as follows;

“Competitive markets are always looking for improved speed & efficiency. Automation is sometimes seen as the solution – but this approach does not work so well when clients need to discuss complex issues or receive authoritative advice from subject matter experts.
Over the next 12-months we see a perfect storm of regulatory compliance, application bloat via an increased number of SaaS applications on the desktop and the realisation that existing robotic automation techniques have reached the limit of their abilities. Going forward, Glue42 sees a convergence of AI-chatbots, Robotic Process Automation (RPA), Business Process Automation (BPM) with the need to support those processes where it is impossible or undesirable to remove the human being. This then is the world of converged-automation and the rise of Exploratory Process Management (EPM).”
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