As part of our WealthTech Talks 2022, Founder of The Wealth Mosaic, Stephen Wall, interviews Daniel Lawrence, Co-Founder and CEO of Bots for That. In this video interview, Lawrence talks about the company and its propositions for the wealth management industry.
Lawrence starts by sharing a timeline of how the company was founded and what its main goals are, highlighting the hope of assisting wealth managers with the challenges they face on a day-to-day basis. The major obstacle for these managers is maintaining quality and efficiency while still being productive. Lawrence sustains that for firms to be effective, they will need to atomise these manual and repetitive processes - mainly data management.
Through the interview, Lawrence talks about the growth of modern automation through process automation, a non-invasive technology, meaning the bots do not need to be embedded into the system's bedrock. The myriad of “recipes” and personalised automation tools offered by Bots for That is unique in the market, remarks Lawrence as he continues to dive into the processes involved in their services.
Questions:
- What is the problem you are tackling and why is this relevant to wealth managers now?
- How would a wealth manager approach this area now, if Bots for That was not an option?
- What elements of the offering would you highlight as special/unique/different?
- You have worked with customers in other sectors such as gambling and gaming. What lessons can be learned from that sector as we focus here more on financial services?
- What benefits would a wealth manager achieve from working with you?
