In this report The Wealth Mosaic has partnered with Dr Efi Pylarinou, the Fintech global influencer and thought leader, and includes the views from 12 solution providers and thought leaders from across the globe which comprise Area2Invest, Arkinvest, Chainalysis, Consensys, CrescoFin, DSENT, Ficas, FundsDLT, Lykke, MAMA, SEBA Bank, and Securrency. 

The report was created because the wealth and asset management sector continues to face challenges (above and beyond the unique macro conditions) because of the unstoppable digitalization that is threatening traditional business models in finance. All the 4^th Industrial Revolution (‘4IR’) technologies are threats but also present opportunities to wealth and asset managers. Machine learning, Artificial Intelligence, Chatbots, Big Data analytics, APIs and even Blockchain are being integrated, adopted, and piloted. From the long list of applications of 4IR tech, the genuinely disruptive one is clearly Blockchain. Its disruptive impact will change wealth and asset management, both by replacing the infrastructure in the management of existing asset classes and as the backbone for new alternative assets.

As this is our first report on this topic is by no means covering all the activity in the space as the space is evolving fast, with some subsectors maturing (e.g. custody), and other nascent ones emerging (e.g. DeFi – Decentralized Finance). Given the level of innovation in this area we plan to publish updates and/or sequels to this report and will make this an annual WealthTech Views report for the sector.