New Access SA has been recognized among the 100 tech companies transforming the global investment and banking industries in the fourth annual 2022 WealthTech100 list.
Launched by specialist research firm FinTech Global, the WealthTech100 is an annual list of 100 of the world’s most innovative WealthTech companies selected by a panel of industry experts and analysts from over more than 1’200 businesses. 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.
For this 2022 edition, the finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate efficiency improvements across the investment value chain.
“These last years, New Access has heavily invested in digital transformation, focusing on developing our innovative Digital Client Lifecycle Management Platform, Banker’s Front, and our Client/EAM e- Banking portal to address the challenges faced by the private banking and wealth management industry. We are very proud today, to be rewarded for this hard work and be recognized as an innovative technology solution provider ranked among the 100 best companies in the world.”, comments Vincent Jeunet, CEO of New Access.
As these last years have reshaped the WealthTech market, new needs and digital challenges have emerged. Fintech Global states: “The WealthTech sector has experienced rapid growth over the last two years as the huge increase in digital financial products and remote client communications due to COVID-19 restrictions has accelerated the need for innovation. On the current trajectory, the global WealthTech market is projected to reach $11.9bn by 2030.”
This rise of digitization has forced market players to adapt their offers and technologies. By digitizing its systems and instill intelligence and flexibility to those, New Access has adapted successfully to face these new market challenges with its integrated and modular core-to-digital solution suite enabling private banks and wealth managers to transform digitally.
Showcasing insights into the WealthTech market, the 2022 WealthTech100 list evaluates which digital wealth management and financial advisory models have market potential and are most likely to succeed and have a lasting impact on the industry.
FinTech Global director Richard Sachar said, “The rise of digital distribution channels and online financial products has opened new client segments for investment firms and financial advisors. As a result, 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 in the industry 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.”