Purefacts was awarded WealthTech100 innovation leader
The fourth annual WealthTech100 list for 2022 is launched 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. The WealthTech sector has experienced huge growth in recent years as the surge in online usage and customer demand for best-practice digital experience have accelerated innovation. The global WealthTech market is projected to reach $11.9bn by 2030. The process to identify the 100 WealthTech innovation leaders was more competitive than ever this year and over 1,200 companies were considered for inclusion. A panel of analysts and industry experts voted for the 100 finalists by assessing the impact those companies are making by using technology to solve a significant industry problem or to generate efficiency improvements across the investment value chain. According to Richard Sachar, a director of FinTech global, “The rise of digital distribution channels and online financial products has opened new client segments for investment firms and financial advisors. 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 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.” Some of the world’s leading companies in the 2022 WealthTech100 include: AIFMetrics: plug & play cloud-hosted, white-labelled platform empowering alternative asset managers to digitally transform into new client segments; augmenting AUM CAIS: the first truly open marketplace for alternative investments, where financial advisors and asset managers can engage and transact directly on a massive scale Docupace: platform focused on digitizing and automating operations in the financial advice and investment industries to reduce back-office expenses Doxim: communications technology leader providing personalized, omnichannel document solutions and transforming experiences to strengthen engagement across the lifecycle in financial and regulated markets FamilyWealth: digital advisory firm using technology to enable financial advisers to compete and win against wire houses and fintechs FinaSoft: offers solutions for mapping of digital communication and customer interaction along with complete client onboarding and investment advice process Flanks: wealth Management SaaS solution that automatically aggregates the position and operation of your clients into your reporting tool GBST: provides innovative back-office technology solutions and digital services to the wealth management sector globally GrowthInvest: technology platform on a mission to make investing in alternative assets simple and accessible Hexaview: offers a fully-featured wealth management reporting software for financial advisors to optimize the cumbersome process of financial reporting InvestCloud: global company specializing in developing first-class, digital platforms that enable the development of financial solutions, pre-integrated into the Cloud InvestSuite: helps financial institutions realise their digital wealth transformation journey, democratise wealth management and create the most delightful investing experiences Ledgex: the first comprehensive fintech platform designed with family offices in mind NICE Actimize: the leading global provider of financial crime, risk, and compliance solutions Openfinance, BME’s Fintech: an expert in Wealth Management Solutions with 20 years of experience in the digitization of investment processes of financial institutions Ortec Finance: the company’s OPAL solution facilitates goal-based planning and monitoring of clients’ goals and improves investment decision making PaxFamilia: holistic advice platform that helps financial institutions understand and serve their clients with the right solutions at the right time PSplus: the leading partner for individual Wealth Management Solutions whether for Family Offices, Asset Managers, Banks, or Foundations PureFacts: develops software that helps financial services firms increase revenue, reduce risk, and deliver better outcomes to their clients QPLIX: digitizes the management of complex financial assets by mapping the entire range of liquid and illiquid asset classes Refinitiv: provides wealth firms with world-leading content and intuitive workflows that deepen client engagement and optimize business performance Sentifi: detects investment signals in over 500M+ tweets, news, forums and blogs daily with a sophisticated, proprietary AI engine TelosTouch: a connected experience platform for institutions, advisors and clients to personalize services, increase loyalty and accelerate revenue Tindeco: enables wealth and asset managers to offer highly customised investment solutions in a scalable manner Velexa: investing technology platform empowering financial institutions to capitalise on the demand for modern and ubiquitous investing solutions by new-generation investors WealthObjects: helps firms launch modern fully automated or hybrid digital business models in investing and savings as a B2B financial technology partner A full list of the WealthTech100 and detailed information about each company is available to download for free at www.WealthTech100.com.
PureFacts recognized as a must-know company in global ESG FinTech 100 2022 list
New York (from TSAM East Coast), October 6, 2022 – PureFacts Financial Solutions, the leading WealthTech provider in fee billing and revenue management – serving over 100 of the world’s leading global financial firms – has been recognized as a 2022 ESGFinTech100 winner. ESG, is a trend that is definitely here to stay. Investors want companies to generate returns and do so in a way that aligns with their values Robert Madej, Founder & CEO of PureFacts Financial Solutions. “Being recognized globally through ESGFinTech100 inspires our ongoing commitment to our clients’ business.” The company is participating in TSAM East Coast (The Summit for Asset Management) this Thursday October 6 in New York. PureFacts CEO, Robert Madej, will chair the Technology and Automation stream and be part of the ESG panel discussion as well. About the award Given the huge rise in appetite for ESG tech solutions in financial services, the ESGFinTech100 was produced to identify the 100 most innovative tech companies every financial institution needs to know about as they consider and develop their ESG assessment and performance improvement strategies. The standout companies were chosen by a panel of industry experts and analysts who reviewed a study of over 500 ESG tech companies undertaken by FinTech Global, a data and research firm. “The ESGFinTech100 list helps senior management filter through all the solution providers in the market by highlighting the most innovative ESG tech companies in areas such as ESG Assessment & Reporting, Regulatory Change Management, ESG Intelligence & Data Analysis, Supply Chain Screening and Banking & Investment products,” FinTech Global director Richard Sachar said in a September 28 press release announcing the winners. PureFacts, which just last week announced its own program for sustainable and meaningful community growth called PurePossibilities, has been at the forefront of solving some of the most complicated problems through innovative AI and machine learning algorithms. The company’s investor retention solutions, client value solutions, data anomaly detection, data insights and ESG Reporting Engine are among some of its offerings for wealth and asset managers. “Doing good is becoming increasingly good for business’” said Rajini McRae, President of PureFacts Financial Solutions. “Companies that show a better ESG score will have a lower cost of capital leading to faster and more sustained growth.” A full list of the ESGFinTech100 can be found at www.ESGFinTech100.com.
PureFacts launches program for sustainable and meaningful community growth
PureFacts Financial Solutions has launched a comprehensive corporate citizenship program called PurePossibilities. The program was designed to help people in three main areas by providing essential needs, support in education, and meaningful employment. The heart and vision of PureFacts is to see a day where everyone has financial well-being and are given the opportunity to live their best life. CEO Robert Madej, President Rajini McRae and many PureFacts employees come from humble beginnings, and PurePossibilities endeavours to provide a leg up to many such people, in the hopes that someday we achieve Worldwide Wealth. “Many people in the PureFacts family have the advantage of a formal education, with all their basic needs covered, such as a place to live, access to food and clothing,” said Robert Madej, founder and CEO of PureFacts Financial Solutions. “By creating PurePossibilities, we are hoping to strengthen our communities and improve lives.” PurePossibilities is based on Abraham Maslow’s hierarchy of needs, in which essentials are layered from more concrete physiological needs (food, clothing and shelter) to safety (job security) and finally, self-actualization (pursuing goals). Furthermore, through this program, there is a hoped-for flywheel effect, in which individuals will give back to their communities once they have secured jobs and are meeting their own goals in life and career. Introduced by Jim Collins in his influential book Good To Great, the Flywheel Effect illustrates that “companies don’t become exceptional as a result of a single intervention or initiative, but rather from the accumulation of little wins that stack up over years.” In recent years, The Flywheel Effect has been used to help community revitalization efforts in Detroit. “We are trying to help individuals get a leg up in financial wellbeing so they too can create more opportunities for others,” said Rajini McRae, President of PureFacts Financial Solutions. “What differentiates this program is that our employees provide mentorship to help scholarship recipients land a job at PureFacts or in our network. Through employment they start the process of financial wellbeing and can help others as well.” PureFacts has divided up its own three pillars to focus into separate programs, each dedicated to supporting individuals and communities for long-term successes. The Essential Needs program helps provide the bare necessities people need to survive, such as food and clothing. To date, PureFacts and its 140 employees provided food security through The Daily Bread Food Bank, it raised $10,000 in support of Ukraine, and partnered with LIGA Foundations in Lisbon, a non-profit institution that trains people in situations of vulnerability. The PureScholars Education program helps lift individuals out of hardship through education. Scholarships to date are provided to multiple schools across Ontario, (the Rotman School of Management and the Faculty of Applied Science and Engineering, both at the University of Toronto; the University of Waterloo; and the University of Guelph.) The target student is one who has good grades, is involved in their community, and has financial needs. The program has provided $132,000 worth of scholarships for more than 30 students over five years. The Employment program helps enable self-actualization through meaningful employment. It does so by offering mentorship, networking opportunities and interview preparation assistance so recipients achieve financial wellbeing and can give back to others. PurePossibilities has already paired two PureFacts employees with mentored students in this program. “The pandemic has accelerated the need for PureFacts’ PurePossibilities program,” said McRae. “And while the program is growing faster than the team had anticipated, PureFacts is excited about the possibilities of making a difference in the community and towards its vision of Worldwide Wealth.” About PureFacts PureFacts is a global company serving over 100 clients with a combined one trillion in assets under management across Canada, the USA, and Europe. PureFacts’ wealth-tech solutions help some of the largest and most recognizable global wealth management firms increase productivity, reduce costs, and create an enhanced customer experience. Its solutions help firms retain their most valued clients, minimize time that advisers spend on fact finding to deliver high quality advice, and prevent costly mistakes through data anomaly detection.