As conversations around fintech focus around financial inclusion and serving the underserved, we would be remiss to ignore the wealthtech scene burgeoning in Asia.
Wealthtech takes the management lead away from retail banks, partly by utilsing robo-advisors to significantly streamline the process, and hence, seen as tech with disruptive potential.
Asia is home to the world’s largest wealth management market too, thanks to China’s significant accumulationof wealth in recent years.
Asia’s wealthtech still rank behind counterparts from North America and Europe, accounting for 41.3% and 35%of investments respectively between 2014 and 2018, respectively. However, there has been slow but sure growth—wealthtech in Asia snapped up 15.5% of investments between 2014 to 2018.
Being a media specialised in fintech reporting provides us with an unparalleled view of the emerging trends and players in the space.
After tracking the performance and announcements from hundreds wealthtech companies across our Fintech News Network’s Asian sites, the following are in our view, the top wealthtech companies in Asia….
Read full article: Fintechnews