In a remarkable achievement, OnBord has been selected for inclusion in the highly respected, sixth annual WealthTech 100 list for 2024. This prestigious recognition highlights OnBord’s position as a trailblazer in the wealth management industry, offering cutting-edge solutions that streamline and optimize the onboarding process for financial institutions and their clients.

The WealthTech 100 list, launched by FinTech Global, a specialist research firm, serves as a compass for the wealth management industry, identifying the most innovative technology providers that are revolutionizing the operations of investment firms, private banks, and financial advisors. Being featured in this esteemed list underscores OnBord’s commitment to addressing the critical challenges and opportunities within the wealth management sector.

The WealthTech 100 List

The list encompasses a wide range of areas critical to the success of wealth management firms, including client acquisition, where innovative technologies are helping to attract and onboard new clients more efficiently; financial planning, where advanced tools are enabling advisors to provide more personalized and data-driven advice; portfolio management, where cutting-edge solutions are optimizing investment strategies and risk management; and digital brokerage, where seamless, user-friendly platforms are transforming the way investors access and manage their investments.

Criteria for Selection

FinTech Global considers five key factors to determine which companies are delivering cutting-edge solutions that are reshaping the landscape of wealth management, making it more efficient, client-centric, and future-ready:

  1. Industry significance of the problem being solved: Companies that tackle critical pain points, such as inefficient onboarding processes, fragmented data management, or outdated client engagement strategies, are given particular attention, as their solutions have the potential to drive meaningful change and improvement across the industry.
  1. Growth in terms of capital raised, revenue, and customer traction: Companies that exhibit strong and consistent growth across these dimensions are viewed favorably, as they showcase the ability to translate their innovative ideas into tangible results.
  1. Innovation of technology solution: The panel evaluates the extent to which each contender’s offering pushes the boundaries of what is possible in the wealth management industry, whether through the application of cutting-edge technologies or the development of entirely new approaches to long-standing challenges.
  1. Potential benefits for clients: The panel assesses the extent to which each company’s offering can drive cost savings, streamline operations, and boost efficiency for wealth management firms.
  1. Importance for executives in asset management, private banking, and financial advisory: FinTech Global considers the relevance and applicability of each solution to the specific challenges and opportunities faced by leaders in these domains, evaluating the potential for each offering to support strategic decision-making, enhance operational efficiency, and drive competitive advantage.

About FinTech Global

With a vast network of over 300,000 fintech professionals, FinTech Global is recognized as the world’s leading provider of FinTech information services and business-to-business media products. It is a trusted source of insights, analysis, and networking opportunities for professionals across the sector. The company’s extensive portfolio of offerings includes comprehensive databases, in-depth research reports, and cutting-edge media platforms, all designed to keep stakeholders informed about the latest trends, innovations, and best practices in the FinTech space.

About OnBord

OnBord is at the forefront of transforming wealth management onboarding, offering a digitally-empowered, paperless solution that streamlines the entire process. By leveraging cutting-edge technology and innovative design, OnBord eliminates the need for cumbersome paperwork and manual data entry, creating a seamless, efficient, and environmentally friendly onboarding experience. This digital-first approach not only enhances the client experience but also enables wealth management firms to operate more efficiently, reducing costs and minimizing the risk of errors associated with traditional paper-based processes.

The Changing Landscape of Wealth Management

The wealth management industry is undergoing a profound digital transformation, driven by the rapid advancement of technology and the evolving expectations of customers. The proliferation of digital services has fundamentally altered the way individuals manage their finances, with a growing demand for quick, streamlined, and user-friendly experiences that prioritize convenience and accessibility. This shift towards digitalization has compelled financial institutions to adapt their operations, moving away from traditional, manual processes and embracing innovative, tech-enabled solutions that cater to the changing preferences of their clients.

As the wealth management industry continues to evolve, driven by changing client expectations, technological advancements, and regulatory shifts, OnBord is poised to play a pivotal role in shaping its future. The company’s innovative platform, with its advanced features and client-centric design, is well-positioned to help wealth management firms navigate the challenges and opportunities of the digital age. By empowering firms to streamline their onboarding processes, enhance the client experience, and drive operational efficiency, OnBord is enabling them to focus on what matters most: building strong, lasting relationships with their clients. 

With its inclusion in the WealthTech100 list and its ongoing dedication to excellence, OnBord is set to make an indelible mark on the industry, setting a new standard for what is possible in wealth management onboarding.