Profile Software

Artificial intelligence is set to transform businesses in ways we’ve not seen since the industrial revolution. The digital era is evolving in the wealth management sector, leading to a dynamic increase of AI and robo-advisory tools. 25% of 600 banking professionals, surveyed by MoneyLIVE and presented at FStech, said they...

Over the past year of its implementation Open Banking remains a key concern of banks given the regulatory environment, the changing consumer patterns and the new fintech firms. It is becoming a need for banks to embrace digital transformation in this area to achieve more profitable operations. The banking industry is looking to achieve strong...

Differentiation in delivering advanced customer experience in the wealth management industry is becoming of paramount importance, as the offering is niche and the market needs are constantly changing. To effectively address competitive challenges, Wealth Management firms tend to deploy technologies that stipulate the uniqueness and personalisation...

As with every trend, marketplace lending has evolved into different shapes and sizes, ranging from P2P lending platforms gaining banking licences to actually collaborating with established banks to enhance the offering of both. The regulatory environment around this is also evolving to better protect customers, providing guarantees where needed to...

Regulatory changes and technological innovations lead banks to transform their business models to better manage risk, enhance client service and thus remain competitive, flexible and agile. In particular, the financial services organisations need to deploy a framework to support Basel III (for capital requirements and liquidity risk), Mifid II (for...

With new regulatory frameworks, such as Mifid II, GDPR, designed to safeguard operational integrity, customers’ suitability and data, firms need to revisit their strategies. In this context, a top priority for wealth management firms is to comply with the latest regulation, while providing quality of service to clients. This adds a number of...

The regulators have been clear in communicating the instruction that they expect best efforts to be made to comply with the fast approaching 3rd January 2018 deadline for MiFID II. Whilst an army of consultants have spent months explaining the challenges and interpreting the regulation, now is the time to move to the next phase if you have not...

Undoubtedly the financial services industry is significantly affected by the fintech evolution. Alternative finance firms, digital and challenger banks, P2P lending platforms, as well as traditional banks, adopt new technologies in order to better serve their clients. In a number of research materials, published over the past year, the need for...

Although there are opinions by the yard as to what Brexit will mean – whether for financial services or otherwise – it is essentially nothing more than speculation on what might be – however educated or well informed. In the UK there was life before passporting and, believe it or not, life would continue if passporting were to...

It is without a doubt that the wealth management domain has progressed in every sense over the past years to engulf new technologies in order to accelerate their sales objectives and comply with the regulation. Back in 2012, when Profile Software introduced the first natively developed app for the wealth management industry, there were some...