Technology
Digital Digest: The Latest Tech News β Wealth Platforms Market
The latest news and reports about developments in the financial technology space.
The global wealth management platform market is expected to grow from $3.710 billion in 2021 to $9.197 billion by 2028 and estimated to grow at a compound annual growth rate of 13. 8 per cent from 2021 to 2028, a report said.
The study (source: reportlinker) is called Wealth Management Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Advisory Model, Business Function, Deployment Type, and End User.
North America has the highest rate of advanced technology adoption due to supportive government policies fostering innovation and enhancing infrastructural abilities, the report said. However, it noted that the pandemic has hit revenues of wealth management platform players over the past two years.
βThe business shutdowns and cancellation and postponement of product launches across the US, Canada, and Mexico have impacted the adoption of the wealth management platform market in 2020,β it said.
Broadridge Financial Solutions; Comarch; FIS Global; InvestCloud; Fiserv; InvestEdge.; Profile Software; SEI Investments Developments; SS&C Technologies, and Temenos are a few major companies operating in the wealth management platform market.
