Author: InvestGlass

How do transactions get validated in blockchain?

When you make a purchase using blockchain technology, how does the transaction get validated? This can be a confusing process for those who are new to blockchain, so we’re going to break it down for you. In this blog post, we will explain how transactions are validated in blockchain and what that means for users. We’ll also discuss the role of Ethereum in blockchain validation and why it is so important. So, if you’re curious about blockchain validation, keep reading!

The validation of the information is carried out through a mechanism called consensus. This mechanism defines whether a record or information can be registered in a block.

A blockchain network can “agree” on a transaction in many ways, dependingon the scope of the application process that is happening20, then only the most used “consensus” will be developed, however, in the cited references additional relevant information will be made available regarding the technical aspects in validating the data.

1. Test Work (PoW)

It is one of the most popular consensuses, and especially used in crypto asset. The nodes show their effort (proof-of-work) competing to solve a complicated cryptographic problem that requires many calculations and, therefore, a lot of computing energy.

2. Proof of participation (PoS)

The participation test is an alternative to the PoW for public Blockchain. In this case, the nodes validate the new blocks of the chain in a kind of lottery, where the tickets would be the token of turn. This type of mechanism is very agile but can have a disadvantage, for exemple, in those who have more crypto actives, more crypto actives win.

3 Proof of delegated participation (DPoS)

It is a version of PoS in which the owners of the crypto active choose witnesses (hence its delegated name), allowing a large decentralization that can potentially benefit small owners, but can facilitate possible anticompetitive practices that would promote cartelization, which would go against free and healthy competition.

4. Proof of Leased Share (LPoS)

Waves designed this refined protocol to solve centralization problems and vulnerabilities to certain attacks. Small owners “rent” or group their tokens to have more options to generate a new block and earn the reward.

5. Elapsed Time Test (PoET)

This algorithm, developed by Hyperledger Sawtooth, is suitable for public or private networks; it defines random waiting times to generate new blocks per stochastically chosen nodes. It is very impartial, but it depends on the processing level that the network nodes have.

6. Practical Byzantine Fault Tolerance (PBFT)

Its name refers to the story of the Byzantine generals. In this case, the generals know and trust each other, simply to produce concepts they generate votes in several rounds. This mode is Ideal for permitted systems (among others used by Hyperledger Fabric, and NEO). The attached figure presents the flow of the consensus process.

There are many other distributed algorithms, which can be found in the
following attached link:

Source Ministry of Digital Transformation Columbia

Blockchain validation is an important process that helps ensure the security and accuracy of transactions. In blockchain, this validation is done through a system called Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Thanks to Ethereum, blockchain validation is reliable and secure, making it the perfect choice for online transactions. If you’re interested in learning more about blockchain validation, be sure to check out our other blog posts on the topic!

Validating Data Integrity with Blockchain

How neobanks can increase their profitability?

If you’re looking to increase your profits, Neonanks has the products you need. Here are five of our most popular items that can help you achieve success. This is based on our current customers’ experience with the InvestGlass cloud solution. We work closely with our clients to improve bank profitability and financial performance in a world where interest rate risk is a perilous danger.

1. Buy now pay later

Buy now pay later (BNPL) is a type of financing that allows consumers to purchase items now and pay for them over time. It’s a form of credit, and it often comes with interest rates and fees. BNPL can be used for a variety of things, such as clothing, furniture and appliances.

Apple has started to offer a Buy now pay later service in order to increase profitability. This will allow customers to purchase items with no money down and then pay for them over time. This new solution is a major threat for fintech players that bet big time on this product.

person holding black Android smartphone close-up photography
Buy now pay later…

2. Digital, hybrid investment automating financial institutions offer

Neobanks should be able to offer a range of digital and hybrid solutions such as robo-advisory. Robo advisory service is an automated financial planning service that provides recommendations for investments, saving, and spending. It’s often used by people who want to invest but don’t have the time or knowledge to do it themselves. InvestGlass offers a no-code robo adivsory for builder. No code is needed and you can connect this tool to your investment portfolio and start managing discretionary portfolio mandate.

3. Cryptocurrencies to compete with the traditional financial services sector

Neobanks should give access to cryptocurrencies including wallets. A cryptocurrency wallet is a digital wallet where you can store your cryptocurrencies. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units.

4. Digital mortgage to boost profitability for neobanks

Neobank must offer real estate financing solutions such as digital mortgages. A digital mortgage is an online platform that allows you to apply for a mortgage and track the progress of your application online. This type of mortgage is becoming increasingly popular as more people are comfortable doing their banking and financial transactions online.

Digital mortgages can be tricky are interest rates are moving. In the low-interest rate environment, the situation was quite tense, now that interest rates are increasing the market is now more attractive for neobank looking to manage first-time mortgages and rollover. Most banks have the capacity to do fixed-rate loans and they just haven’t run the numbers. A neobank should be careful of credit risk if we are entering into a great recession.  Net interest income came under further pressure as margins continued to decline. With DSP2 PSD2 and other open banking it’s now easier to analyse company balance sheets and external factors to reduce risk even in a non-economic growth era.

Digital onboarding InvestGlass
Digital onboarding InvestGlass

5. Artificial intelligence built with pre-built banking industry compliance rules

Artificial intelligence AI is a must-have for neobanks to know their customers better, detect financial crimes and also improve customer service. AI is a broad term that covers a range of technologies, including machine learning, natural language processing and computer vision. The AI helps to manage risk appropriately. You should be careful not to be to opened in the “Get out There” phase otherwise you will have to offboard cusotmers in the “get rich” phase…

Artificial intelligence is also used for financial advisory, this is usually the most profitable part of banking but without AI it is impossible to offer this type of service. Risk management is not something neobank can afford. Your artificial intelligence can replace several relationship managers’ tasks thanks to automation and efficient partnership with fintech solution providers covering sub-asset class : mortgaged-back securities, real estate, private equity, and structured products.

Artificial intelligence can also be used for managed portfolios or DPM. InvestGlass PMS is connected to the banking system to receive daily positions and transactions. The machine will automatically rebalance the portfolio, and suggest changes to investors or to relationship managers when you are offering hybrid banking. Banking profitability is made possible when all those repetitive tasks are automated.

Get out there, get reach, get rich

As with several neo banks it is important to deliver the right features are the right time. We are helping your teams to make sure that the minimum viable product will be delivered in due time. InvestGlass team orchestrates fintech parties to improve operational efficiency.

As the world moves towards a more digital era, it’s important for neobanks to offer a range of digital solutions in order to stay competitive. This includes services such as buy now pay later, robo-advisory and access to cryptocurrencies. They should also offer digital mortgages as this type of mortgage is becoming increasingly popular. However, it’s important to note that interest rates are moving so borrowers need to be careful when taking out a digital mortgage. All this is possible with InvestGlass Cloud.

InvestGlass is a cloud-based artificial intelligence software company that offers a range of services such as robo-advisory, buy now pay later, and access to cryptocurrencies trading. They also offer digital mortgages, which is becoming increasingly popular. InvestGlass is the only Swiss based solution running on the cloud with no impact on the Cloud Act.

Let’s build it together!

boost profitability for neobanks

person holding white stylus pen

Best Practices When Integrating Advisor Technology

57% of advisers say the lack of integration between their core applications is the biggest pain point with technology. 

Technology has become an important part of our lives. It seems like every day there is a new advancement in technology that can help us do something faster, better or easier. The same is true in the business world, where technology has become an essential tool for advisors and their clients alike. But with so many different types of advisor technology available, it can be difficult to know which ones are the best fit for your business. In this blog post, we will explore some of the best practices when integrating advisor technology into your business.

1. What is advisor technology and why do you need it

2. How to select an investment advisor technology

3. How to choose the right type of advisor technology for your business

4. Best practices when integrating advisor technology into your business

5. Final thoughts on advisor technology

two women sitting on chair

1. What is advisor technology and why do you need it

Advisors need a CRM to keep track of their clients and their interactions. A tidy CRM will help advisors stay organized and ensure they are providing the best possible service to their clients. CRM are used for a lot of things like tracking emails, phone calls, meetings, and tasks.

There are many different types of advisor technology available on the market. Some of the most popular include CRM systems, portfolio management software, client communication tools, and financial planning software.

CRM are also the place to collect KYC data and particular data for suitability and appropriateness analysis.

2. How to select an investment advisor technology

There are many different types of investment advisor software available on the market. Some of the most popular include CRM systems, portfolio management software, client communication tools, and financial planning software. Each of these software solutions has its own unique set of features and benefits that can be a valuable addition to your business.

Choosing the right type of investment advisor software for your business can be a daunting task. There are many different options available, and each one has its own unique set of features and benefits. Here are some tips to help you choose the right software solution for your business:

1. Understand your needs

The first step in choosing the right software is to understand your needs. What are your business goals? What type of clients do you work with? What features does the software need to have? Once you have a better understanding of your needs, you can start to narrow down the options.

2. Compare different solutions for financial planning

Once you have a list of potential solutions, it’s important to compare them side-by-side. This will help you get a better understanding of the features each solution offers and how they compare to your needs. In each country, each sub-asset class could have their fintech specialist so you have to compare as soon as possible.

3. Ask for recommendations to other financial advisors

Another great way to find the right software solution is by asking for recommendations from other businesses in your industry. They may have had experience with different software solutions and can point you in the right direction.

4. Trial different wealth management solutions

Finally, don’t be afraid to trial different solutions before making a decision. Many solutions offer free trials or demo versions so you can test out the features before making a commitment.

InvestGlass team will be glad to discuss your business models, risk assessment requirements, performance reporting, artificial intelligence support…

two men facing each other while shake hands and smiling

3. When selected – what are the integration best practices?

Best practices when integrating investment advisor software into your business

Once you have chosen the right type of investment advisor software for your business, it’s important to follow some best practices when integrating it into your workflow:

1. Train your team

It’s important to train your team on how to use the new software correctly. This will help ensure that everyone is using it effectively and getting the most out of its features. We belive that it’s better to have a MVP – minimum viable product you can use quickly than a HUGE plan with tens of thousands of processes no one will follow.

2. Use it as intended to create value for investors

One common mistake businesses make is using new software for tasks that it wasn’t designed for. Make sure you are using the software as intended so you get the most value out of it. The platform should be flexible for any type of investment and should capture the behaviors you are expecting to discuss with your clients : crypto, private equity deals, real estate, DPM, spending habits, risk assessment, tax harvesting, portfolio optimization…

3.The API

The API are used to connect your robo advisor tool, client portfolios, bank, custodian feeds altogether. As a modern financial advisor, you should be receiving those modern API. InvestGlass team can connect to other CRM systems, or Portfolio management tools but bear in mind that each new connection is a potential point of failure.

4. Best practices when integrating advisor technology into your business

Well… InvestGlass of course… We built the perfect CRM system, to reduce human intervention thanks to pre-built artificial intelligence.

The artificial intelligence aims to reduce errors in the MIFID and FIDLEG LSIN works. In today’s world, you must use AI to really be competitive.

InvestGlass offers a client portal that aims to facilitate the distribution of content generated by financial advisors or share a robo advisors form you can build from InvestGlass. Here you will see a robo advisor built for self determination of portfolio mandate.

Digital onboarding InvestGlass
Digital onboarding InvestGlass

5. Final thoughts on advisor technology and automations

The lack of talents and inflations, and compliance costs are pushing the financial services industry to adapt faster with self-service robo advisors, digital advisory firms and modern financial technology.

As you can see, there are a number of things to consider when selecting investment advisor software for your business. By following these tips, you can make sure you find the right solution that meets your needs and helps you grow your business. At InvestGlass, we believe in using the latest technology to help financial advisors succeed. Our team has years of experience in the industry and is dedicated to providing the best possible service. We offer a variety of features that can help businesses of all sizes get the most out of their investment advisor software. Contact us today to learn more about how we can help you grow your business with our innovative solutions.

Stay focused on your growth! InvestGlass new technology is here to automate advisory firms!

Investment Advisor Technology

What will replace Microsoft Dynamics?

Salesforce Microsoft Dynamics a huge CRM, but they can be very expensive and difficult to use for any business size. A lot of people are looking for a replacement, and there are a lot of great options out there. In this post, we’ll take a look at some of the best replacements for Microsoft Dynamics and Salesforce, and we’ll compare them based on price, features, and ease of use.

This is a pretty common sentiment when it comes to Salesforce. A lot of people feel like they’re not getting the value they expected, and that can be frustrating. 60 percent of Microsoft Dynamics customers would switch to another CRM solution if given the opportunity!

Let’s see how we can help you shift to InvestGlass the Swiss CRM.

two men facing each other while shake hands and smiling

1. Microsoft Dynamics CRM and Microsoft Dynamics CRM can be expensive and difficult to use

When people talk to us about Microsoft Dynamics the first thing they tell us is that they have poor usability, complex integrations, and lack of support as primary concerns. Those big CRM are built to focus on the largest customers. Microsoft Dynamics consultants are always suggested by the Microsoft Dynamics sales teams. Sales reps will tell you quickly that if you wish for a successful delivery in your organization, you must go with those accredited consultants. This is the same if you have an intense usage of Hubspot CRM.

Microsoft Dynamics is huge and needs to have a more speciality solution. Most CRM now offers the same tools. For example, InvestGlass released a process builder, marketing tools that you would usually only find with top-notch Microsoft Dynamics tools or with a specialized tool.

While Microsoft Dynamics is often among the top CRM vendors, it’s been clear for over a decade that it’s the most widely used platform. That doesn’t mean it’s the best option for every business, though. In fact, many businesses are looking for a replacement for Microsoft Dynamics and Microsoft Dynamics.

Hubspot CRM and Microsoft Dynamics CRM out-of-the-box solutions are limited. If you want to be more effective you have to subscribe to a very expensive solution in a different tier.

2. There are a lot of great replacements for Microsoft Dynamics and Microsoft Dynamics

Replacing a CRM is not always easy. The first element you should consider it is the data quality, the data access restriction and the processes you have inside the CRM. There will be some limitations in the format of data you are currently using but CRM are now flexible enough to replicate the structures of data.

Replace Microsoft Dynamics means making users that the new system will be user-friendly. Would you be a large organisation or small business, your team hates chaging solution. You want to make sure that the screens will be similar, and details in the right place to prevent any drop in productivity.

The good thing is that Salesforce’s out-of-the-box functionality is limited so if you are a new user of Microsoft Dynamics and your Microsoft Dynamics consultant has done a poor customization job, you will easily migrate to a newer CRM. The solution are present in what they call the AppExchange which are not usually connected to the stack. This means that you need to build or set up the pipes between Microsoft Dynamics and the new application. With InvestGlass we decided to have organic product development and hard-coded connection to the new applications when it is possible.

We restricted the choices, keeping in mind one element: automation! The objective of the InvestGlass cloud solution is automation.

3. Replacing Microsoft Dynamics and Microsoft is possible and this is how

Planning a CRM is quite easy if you start with the right process. The product manager in your team should look into the basics of which data is collected, who can access it, what are they supposed to do with it, how it can be automated, and what are the key performance indicators.

Yes… that’s it… we recorded videos on youtube and offer on-demand video with loom to show you how to integrate your apps and build automated services with our without consultants.

4. Is a cheaper CRM solution a better idea?

No, free CRM usually has a catch. Yes, it’s not the case of Salesforce.

Salesforce, and other top CRM providers, have a high price tag for their services. This can be a deterrent for businesses that are looking for an affordable replacement. However, it’s important to remember that these providers offer a wide range of features and benefits that are not available with free CRM solutions.

They may be less feature-rich, or they may not offer full support for your business needs. It’s important to do your research before choosing a CRM solution, to make sure you’re getting the best value for your money.

Modern CRM must offer SMS and EMAIL integration. Usually, those integrations are easy setup for small businesses but complex for large organizations. This basic technology which you have into your Outlook for the past 20 years… is eavily billed by most US CRM. Companies usualy forget about that marketing incremental cost and when you analys your operations cost 2 years later it’s too late.

Some clients could think that home “develop” CRM is a good idea. We don’t think so as there is always a technology debt, or burden that needs to be managed. A new version of the code library will mean that you need to update your homemade CRM. Tracking changes of security breaches won’t make things easier if you decide to go on this road. What CRM offers it’s also new functionality and streamlined connection to third-party apps.

With InvestGlass we decided to offer the best fintech integration. If your company already uses a core system such as Temenos, Avaloq, Saascada, Railsbank… we can easily connect them to reflect your positions into the InvestGlass portfolio management tool.

5. Microsoft Dynamics platform versus InvestGlass platform

As you probably know, we are leaving in a world of a scarce workforce. If you choose a CRM with high consulting needs, you will never find a peacefully CRM sentiment. Nowadays, there is an increased cost compared to other leading vendors, the cost to implement Microsoft Dynamics is notably higher. InvestGlass’s network of consultants are specialised in small businesses, fintech, bank and financial intermediaries build. We are teaching them relevant techniques to build with efficiency the future of your business automation.

Replace Microsoft Dynamics with a Swiss CRM is also a decision to keep you data safe from the Cloud Act. The Cloud Act is a recent piece of legislation that was passed by the United States Congress in April 2018. The Cloud Act allows the US government to access data that is stored in other countries, including data that is stored on cloud-based platforms such as Salesforce, Hubspot, Microsoft CRM etc… Even if the data is stored on servers in Switzerland. The US government can access this data.

This is the reason why so many banks and asset managers, crypto brokers are using InvestGlass and trust the InvestGlass team’s expertise.

InvestGlass third-party application marketplace is not as big as the huge CRM but we carefully curate our partner to build rich and simple integration. Our team will save you time as we know what end users are expecting in their day-to-day usage of InvestGlass.

We are focusing on your business success. InvestGlass offers five fantastic tools to create new business automation :

InvestGlass Digitial onboarding

InvestGlass offers a digital onboarding solution that makes it easy for your business to get started with InvestGlass. The onboarding process is simple and efficient, and you can get started quickly and easily.

The InvestGlass digital onboarding solution includes:

– A personalized welcome message

– Quick and easy registration

– The ability to set up your account quickly and easily

– The ability to start using InvestGlass immediately

-Connection to Sumsub, Onfido, BasisID and more…

turned-on monitor

InvestGlass flexible CRM

InvestGlass is a flexible CRM that offers easy integration with third-party apps and a wide range of functionality. It is perfect for businesses of all sizes, and offers a variety of features that are perfect for small businesses, fintech companies, and banks.

The flexible CRM will match any sales team, support team, or compliance team expectations. It will offer the same flexibility as Salesforce. InvestGlass is used by banks and is flexible enough to match sophisticated operations on multiple level: account, contact, relations, invoices, portfolio, positions, transactions, contracts …

Graphical user interface

Description automatically generatedInvestGlass CRM

InvestGlass portfolio managment tools

The InvestGlass portfolio management tools are the perfect solution for businesses that want to manage their portfolios efficiently and effectively. The InvestGlass portfolio management tools include:

– A portfolio overview that provides a quick and easy summary of your portfolio

– A detailed view of your individual investments, including information on performance, holdings, and more

– The ability to create custom portfolios that meet your specific needs and requirements

– The ability to track your performance over time and compare it with industry benchmarks

– The ability to access a wide range of data and analytics that will help you make better investment decisions

The InvestGlass portfolio management tools are the perfect solution for businesses that want to manage their portfolios effectively and efficiently. Contrary to Microsoft Dynamics the PMS function is our major focus. The portfolio management tools are built with FINSA FIDLEG and MIFID rules to facilitate sales distribution with powerful marketing tools. The platform can reflect your custody positions on any type of security including crypto and private equity.

InvestGlass PortfolioInvestGlass Portfolio

InvestGlass marketing automation

The InvestGlass marketing automation solution makes it easy for you to create and manage your marketing campaigns. With the InvestGlass marketing automation solution, you can:

– Create and manage your email campaigns quickly and easily

– Upload your contact lists and send targeted email campaigns to specific groups of contacts – facilitate sales team day-to-day chores

– Design and send customized HTML emails that look great and get results

– Analyse the success of your email campaigns with detailed reports that show how many people opened your emails, clicked on links, and more

InvestGlass employee / client portal

The InvestGlass employee / client portal is the perfect solution for businesses that want to provide their employees or clients with secure access to their investment information. With the InvestGlass employee / client portal, you can:

– Provide your employees or clients with secure access to your investment information

– Control who has access to which information

– Set up user groups so that you can easily manage access permissions

– Restrict access to certain information according to user roles

Replacing Microsoft Dynamics can seem daunting, but with the right partner and the right tools, it can be easy and efficient. At InvestGlass, we offer a wide range of solutions that are perfect for businesses of all sizes and industries. We have the flexibility to meet your specific needs and requirements, and our team is dedicated to providing you with the best possible user experience. With our suite of portfolio management tools, marketing automation solutions, employee/client portal, and more, you’ll be able to manage your business more efficiently and effectively than ever before.

Contact us today to learn more about how we can help you replace Microsoft Dynamics and drive sales growth for your business.

replace Microsoft Dynamics

smiley ball

How to Type the Shrug Emoji ¯\_(ツ)_/¯ in 2 Seconds Flat

The shrug emoji 🤷 is a popular image used to convey confusion or emphasize a question.

Emojis can be a great way to emphasize a point or to add some levity to a conversation. They can also help to boost engagement, as people are drawn to colorful and fun images. When used correctly, emojis can be a powerful communication tool.

The emoji were created in Japan by Shigetaka Kurita in the late 1990s. He was working on a mobile internet platform and needed a way to convey emotion and expressions in a limited character set. The first emoji were simple drawings of facial features, which conveyed a wide range of emotions.

Over the years, the emoji have evolved and now include a wide range of images and symbols. The most popular emoji are faces, which convey a range of emotions from happy to sad. Other popular emoji include hand gestures, animals, food, and activities. However, it’s worth noting the shrug emoji wouldn’t exist without its predecessor, the shrug emoticon. ¯\_(ツ)_/¯

If you still have an affinity for typed emoticons like us, especially the ¯\_(ツ)_/¯, here’s how you can type it in two seconds flat on a Mac, Windows, iPhone, and Android.

How to Type the Shrug Emoji ¯\_(ツ)_/¯ in Two Seconds Flat

The shrug emoticon is one of the more intricate emoticons to type, so most people resort to copying and pasting it from a website but copying and pasting the emoticon is not a good idea. If you’re an avid user of the shrug emoticon, you’ll need to keep revisiting the website to copy and paste it, which is a relatively slow and annoying process, especially on your mobile phone.

To type the shrug emoticon as fast as possible, we recommend creating a text replacement shortcut with your device’s autocorrect feature (which might be the first time autocorrect actually comes in handy for you).

How to Type the Shrug Emoji on Mac

How to create a Mac keyboard shortcut for the shrug emoji


1. Copy “¯\_(ツ)_/¯”

2. Go to System Preferences

3. Click Keyboard

4. Press Text

5. In the Replace box, type “shrug”

6. In the With box, paste “¯\_(ツ)_/¯”

How to Type the Shrug Emoji on Windows :

Microsoft Windows does not have an autocorrect feature, but you can download programs like PhraseExpress to set up text replacement shortcuts.

1. Copy “¯\_(ツ)_/¯ “

2. Go to Settings

3. Press General

4. Tap Keyboard

5. Choose Text Replacement

6. Select the “+” button

7. In the Shortcut field, type “shrug”

8. In the Phrase field, paste “¯\_(ツ)_/¯ “

How to Type the Shrug Emoji on Android

1. Copy “¯\_(ツ)_/¯ “

2. From your text message keyboard, tap the three dots

4. Tap Dictionary

5. On a Google Pixel, press Personal Dictionary; using a Samsung device, tap Text Shortcuts

6. Select your language

7. Select the “+”

8. In the Shortcut field, type “shrug”

9. Tap the ” ¯\_(ツ)_/¯” that shows up on the keyboard

There is no definitive answer to this question. Some people believe that emoji are a fun, lighthearted way to add some personality to your communication, while others feel that they are not appropriate for professional contexts. Ultimately, it is up to you to decide what is appropriate in your particular situation.

You can add those emojis into InvestGlass SMS and email tools. When adding an emoji to your content, it is important to keep in mind that not everyone will interpret the meaning of the image in the same way.

shrug emoji

turned-on monitor

With nearly €2.3 billion raised in 2021, the French fintech sector is booming.

As the world becomes increasingly digitized, it’s no surprise that the financial sector is next in line for a technological overhaul. In France, this revolution is being led by fintech startups, which are harnessing new technologies to create innovative solutions for the banking and payments industries. And as the French fintech ecosystem continues to grow, it’s poised to play a major role in boosting the country’s economy.

1. What is fintech and why is it important?

2. The French fintech scene

3. How fintech is changing the banking and payments industries

4. The future of French fintech

1. What is fintech and why is it important?

Fintech is a term that describes the use of technology in the financial services industry. It covers a wide range of applications, from online banking and payments to wealth management and insurance.

Fintech has become increasingly important in recent years as consumers have shifted away from traditional banking products and services. In response, banks and other financial institutions have been investing heavily in fintech startups and technologies. This has resulted in some impressive innovations, such as mobile payment systems, peer-to-peer lending platforms, and blockchain-based currencies.

France has many groups supporting digital transformation and innovative projects: BPI france, Banque de France, French Fintech Week, France Fintech, Credit Agricole, Arkea.

Fintech benefits from a stable regulatory framework led by the European Union. The European Union created an environment that is attractive for foreign investments. This is certainly a reason why France is home to a thriving fintech ecosystem, with startups like Lydia, Pockit, and Qonto leading the charge. These companies are using cutting-edge technologies to provide consumers with new and improved ways to manage their finances.

2. The French fintech companies and scene

The French fintech sector is home to some of the world’s leading companies. Major players include:

-Aqoba: Aqoba is a digital banking platform that offers online and mobile banking products and services.

-Lendix: Lendix is a peer-to-peer lending platform that allows businesses to borrow money from individual investors.

-Smile: Smile is a mobile payments company that offers a range of payment solutions for businesses and consumers.

-Boursorama: Boursorama is a leading online bank in France, offering a range of banking products and services to consumers and businesses.

These are just a few of the many French fintech companies that are leading the charge in terms of innovation and growth.

France hosts many fintech events organized such as :

  • ACPR AMF Fintech Forum
  • France Fintech Forum
  • InvestGlass Genius Bars
  • Paris Fintech Forum
  • Patrimonia
  • Agefi AM for financial products
  • Fintech R events

Banks and insurance companies are organising challenges in their fintech hub to foster start-ups creativity and new partnerships :

  • Credit Agricole
  • Société Generale
  • BNP Paribas

This does not mean that integration with their system is easier but at least it creates opportunities for relationships.

3. How fintech is changing the financial services industry and payments industries

Fintech is offering to asset management, payments and banking new innovation with respect to their supervisory authorities. Banque de France and other institutions are pushing for open finance.

Open finance is a term that describes the use of technology in the financial services industry. It covers a wide range of applications, from online banking and payments to wealth management and insurance.

Open finance has become increasingly important in recent years as consumers have shifted away from traditional banking products and services. In response, banks and other financial institutions have been investing heavily in open finance startups and technologies. This has resulted in some impressive innovations, such as mobile payment systems, peer-to-peer lending platforms, and blockchain-based currencies.

France has many groups supporting digital transformation and innovative projects: BPI france, Banque de France, French Fintech Week, France Fintech, Credit Agricole, Arkea.

aerial view of city buildings during daytime

Open finance benefits from a stable regulatory framework led by the European Union. The European Union created an environment that is attractive for foreign investments. This is certainly a reason why France is home to a thriving open finance ecosystem, with startups like Lydia, Pockit, and Qonto leading the charge. These companies are using cutting-edge technologies to provide consumers with new and improved ways to manage their finances.

For example, SILVR is supporting B2C internet-based businesses with innovative financing solutions. They crush big data and open banking to offer loans and therefore offer financial stability to growing internet businesses. This is offering a new type of solution for financial groups.

This financial revolution driven by technology is not only restricted to banks but also to payments. fintech is developing new ways of paying such as Lydia, Glance technologies or Paylib.

Lydia is the first free mobile application allowing anyone with a smartphone to send and receive money instantly between friends, whether they have a Lydia account or not. France’s fintech ecosystem is very proud of this solution.

Fintech has proven to be a very resilient sector and is often one of the first to innovate during difficult times. For example, in the aftermath of the global financial crisis in 2008, fintech companies developed new ways to manage and borrow money. This helped to revive the economy and provide much-needed relief to consumers and businesses. If we have another economic crisis, we can bet that startups and the entire ecosystem will come up with innovative solutions to support growth, and payment and reduce global risks of lending to new businesses.

In difficult times, fintech can provide much-needed stability and innovation to the financial services industry. This makes it an important sector to watch and invest in.

turned-on monitor

4. The future of French fintech in a competitive financial ecosystem

France will have to resist to the pressure of majors : Google Cloud, AWS cloud, Alicloud, Apple solutions. New edition of Apple payment is now offering a purchase now pay later. This is a major threat for french fintechs specialized in this domain.

The European Union is trying to protect start ups by implementing new regulations that favour innovation. These regulations include the PSD2 directive, which requires banks to open their systems to fintech companies and allow them to offer innovative payment solutions. This will help fintech companies to compete with the big players in the financial services industry.

The French government is also doing its part to support the fintech sector. In 2016, the French government launched a national fintech strategy, which aims to promote innovation and growth in the sector. This strategy includes a number of measures to support fintech companies, including tax breaks, simplified regulation, and investment in infrastructure.

The future looks bright for French fintech, as it continues to grow and innovate. The sector is attracting investment from both domestic and international investors and is poised for further growth in the years ahead.

person holding black android smartphone

European Union setup a regulation called GDPR which data processing is now more restricted. GDPR aims to give more power to the people when it comes to their data. This will help prevent companies from abusing customer data, and will allow customers to have more control over their data. Access to data will be more difficult for companies, which will make it harder for them to develop new products and services. This could hamper innovation in the fintech sector, as startups will find it harder to get access to data.

The European Union is also working on artificial intelligence regulation which will impact the financial system. The challenge for the European Union is to create a level playing field for all companies, regardless of their size. This will be a difficult task, as large companies have more resources to develop and implement artificial intelligence.

French Fintech is ready to boost the financial ecosystem – yes but…

French fintech is poised for growth in the years ahead. The sector has attracted investment from both domestic and international investors. To conquer the world, innovation and start-ups will have to be more capitalized, to create an undeniable competitive advantage and industrial expertise.

French fintech

Why a Small Payment license is a good option to start a payment business in the EEA?

Starting a payment business can be a daunting task. There are many things to consider, such as what type of payment business you want to start, how you will process payments, and what regulations apply to your industry. One thing that may not be top of mind when starting a payment business is the type of license you need. In this article, we will explore the Small Payment Licenсe and why it may be a good option for your business.

What payment service provider should you consider?

Obtaining a Small Payment Institution (SPI) or Small E-Money Institution (SEMI) license in the EEA (European Union) is a much simpler task than the authorization of a full-fledged Payment Institution (PI) or of course E-Money Institution (EMI).

The initial capital is not the same, documents are simpler, and local team requirements too… you would need an average of 3 to 6 months compared to 12 to 24 months if you are looking for an EMI or PI.

Many entrepreneurs are not that interested by small payment situations as you have a passport restrictions. Services can only be actively sold at the location of the registration. So if you are looking to collect payments from Tunisian or Moroccan citizens who leave in Spain or France for small payment this is usually too complex for this type of licence. There is also a volume transaction limitation, the average value of the payments operations executed in the president 12 months must not exceed €3 million per month this threshold is usually breached very quickly if your business is open and running. Licensing process is obviously easier but will not help you with enterprises with complex situations or customers coming with cash.

If you are looking to build this type of Fintech company, with this legal foundation, a quick calculation will show you that you might not be able to generate more than €35,000 per month after paying all the fees and the correspondence accounts. This model is usually used to test local marketing opportunities and then get ready to conquer Europe.

Then you will decide if you are looking for a more sophisticated payment processing license.

white and black wooden quote board

How Spain Small Payment Institution Licences differ from other European Union countries

So how do Spain’s SPI licenses differ from those in other European Union countries? Ordinarily, after a small PI reaches the threshold of €3 million in payments per month, you are required to apply for a full PI or EMI license.

Spain is quite interesting as it offers a very welcoming environment and that you are able to work without payment volume restrictions. This strategy will help you to launch your business quickly and without any limitations in terms of payment card. Of course, you will still have some restrictions in terms of cross-border payments, cash, anti-money laundering AML.

The Spain small license is not a passported in other European Union countries. Fintech companies looking to build payment processing services might find that Spain is too limited and will look for another strategy if they looking to expand throughout Europe. However Spain it’s still a very attractive intermediary solution to test a business model.

The application in Spain will take you usually 6 to 12 months whereas in the rest of Europe it will take 12 to 24 months also this integration and registration will go faster. You will also be able to participate in the regulatory sent boxed bill by the Bank of Spain. This regulatory sandbox cover all business needs possibly for payment instruments, payment cards, and different types of financial operations.

people walking on sidewalk during daytime

Registration for Spain SPI & information required for payment service users and payment service providers

As stated by the Bank of Spain, small payment service providers with an average value of payment operations executed in the preceding 12 months not exceeding €3m per month are exempt from the general payment institution authorization scheme.

If you as looking to start your Payment Institution Special Registration, your company must comply with the following requirements:

  1. Have its registered office, effective administration & management body, and payment services located in Spain with a bank account in Spain.
  2. Your Directors of the Payment Institution must be of good repute and possess appropriate banking knowledge and fintech experience to perform payment services, as established by the Bank of Spain – no other competent authorities.
  3. Establish internal control and reporting procedures and bodies to prevent mont money laundering and terrorist financing…
  4. Your company will not exercise the freedom of establishment or the freedom to provide services in the rest of the European Union. This can be a short-term issue for start-ups.
  5. Set up a company in Spain, registered with Spanish Companies House, and request the criminal records certificate of the company.
  6. Provide a program of activities that specifically includes the type of payment service to be provided. You should have detailed terms and conditions that will be signed by your users of payment services.
  7. A business plan with the following elements: payment card process, cross border payments flow, individual or company screening, employees’ names and titles, mobile banking solution, refund policy, online point-of-sales solutions, transfer explanations…
  8. Draft contracts in Spanish, and English between all parties involved in the provision of the payment services.
  9. Procedures for monitoring, handling, and following up on security incidents and security-related customer complaints.
  10. A description of the procedure established to record, control, track and restrict access to sensitive payment data as we are also in the European GDPR zone. Don’t forget to collect and register consent before sending emails.
  11. A description of the principles and definitions applied for the collection of statistical data on results, compliance reporting, operations, and fraud.
  12. A security policy document.
  13. Internal control & reporting procedures and bodies were established to prevent money laundering and terrorist financing. In particular, the mechanisms introduced by the applicant in order to comply with money laundering and terrorism financing regulations.
  14. Measures to safeguard user funds in any circumstances.
  15. Customer service regulations and applicable rights for payment accounts and payment transactions.

InvestGlass can help you build your small payment license. InvestGlass offers a turnkey solution that will help you every step of the way, from finding the right bank to providing the technology you need to run your business. InvestGlass is an end-to-end solution that will help you get up and running quickly and efficiently.

InvestGlass tools offer digital onboarding, CRM, KYC, AML, and compliance modules that will help you meet all the requirements of the Small Payment Licence. InvestGlass is a complete solution that will help you run your business smoothly and efficiently.

InvestGlass build also KYC remediation solution enabling clients with a large quantity of clients to quickly remediate accounts with missing documents, bad payers, errors, and fully competent authorities obligations.

Small Payment license


5 ways to improve your verification experience

If you’re like most people, you probably dread the idea of having to go through the verification process every time you want to make a purchase. It can be time-consuming and frustrating, especially if the verification service is slow or unresponsive.

But there are ways to make the verification process easier and faster, and we’re going to show you how. In this article, we’ll discuss three methods for improving your verification experience with InvestGlass CRM and ONFIDO.

InvestGlass is working with multiple identity verification software, but ONFIDO is definitely our preference for a large quantity of customer verification processes.

1. The importance of identity verification

One of the main reasons the verification process can be frustrating and time-consuming is that it’s often done manually. This means that someone has to review each document submitted by the customer and compare it to their records. Not only is this slow, but it’s also expensive, as it requires additional staff to manage the process.

InvestGlass digital onboarding offers flexible customer onboarding for any type of industry. When we don’t have the tool we connect to third-party API for the following

  • Scan ID documents
  • Identity fraud database
  • Address verification
  • MRZ verification
  • Transaction verification, and specifically for crypto
  • Money laundering database
  • Facial recognition

Some companies we work with like to ask all the questions at the initial onboarding. We don’t think it’s a good idea! It’s like eCommerce retailers, if you would ask KYC process questions to buy shoes, no one would checkout, or even check in!

Customers expect to check quickly if the service you are offering is matching their expectations. Therefore KYC processes should be initiated in the right order. We would always suggest you to 1st create light onboarding process by asking a maximum of 3 to 5 questions then give access to Investglass’s client portal to submit additional compliance checks.

Create a light digital onboarding with InvestGlass

2. How to improve your verification experience with InvestGlass CRM and ONFIDO verification process

There are several ways that you can improve your verification experience with InvestGlass CRM and ONFIDO. Here are a few of them:

– Use automated verification: Automated verification is the fastest and most efficient way to verify identities. It uses technology to automatically compare documents against a database of records, which means that there is no need for manual review. This speeds up the process and reduces the costs associated with verification.

– Use a reliable identity verification service: InvestGlass CRM and ONFIDO are both reliable identity verification services that have been trusted by businesses around the world. They both offer fast, efficient, and reliable verification services that will make the process easier for you.

– Upload your documents quickly and accurately: Make sure that you upload your documents quickly and accurately so that there is no need for additional manual review. This will speed up the process and make it easier for you.

Last not least, ONFIDO offers a beautiful tool whose conversion rates are very high. This is the very nature of offering a nice technology, it will naturally win customer trust.


3. Benefits of using automated verification service for customer verification

The customer verification process is needed in order to ensure the safety and security of financial industries. By verifying the identities of customers, businesses can reduce the risk of fraud and money laundering. Additionally, by using a reliable identity verification service such as InvestGlass CRM or ONFIDO, businesses can speed up the verification process and make it easier for their customers.

Manual processes should be prevented as they will not offer good data protection, they will not prevent fraud and slow down online businesses. ID verification can be double check but the 2nd layer will be an API connection with a service like ONFIDO.

There are many reasons why businesses might choose to collect biometric data. Here are a few of them:

1. To improve security: Biometric data is a more reliable way to verify identities than traditional methods such as passwords or ID cards. By collecting and storing biometric data, businesses can improve the security of their systems and reduce the risk of fraud or identity theft.

2. To speed up the verification process: Collecting biometric data can speed up the verification process, making it easier for customers to access the services they need.

3. To build customer trust: By collecting biometric data, businesses can show their customers that they take their security seriously and are doing everything possible to protect them from fraud and identity theft. This builds trust and encourages customers to do business with them.

round black and white light

4. Final thoughts for a modern customer experience

Pick the right verification methods for your goals

New customers are coming from different countries, it’s the first step to check which country the customers are coming from and if they are restricted to share information such as biometric verification, passport or restricted CID – Customer Identification Data. CID is a hot topic in financial services and we can offer instant access to InvestGlass hosted on your server.

To improve your customer onboarding, you should make sure that you have the right tools.  

Zero-friction customer verification

Make sure that your onboarding can be seen on any mobile device and match current regulatory requirements. It will match customers’ expectations anyhow. A complete verification should be explained in advance. If customers need to collect hard-to-find identity documents – company documents – you should warn them to raise customer expectations.

High-assurance verification in risky new markets

Make sure you are using high assurance checks such as document OCR checks and biometric verifications. This requires the customer to take a photo of their ID and their face. It’s slightly higher friction for your digital onboarding but creates a strong level of assurance in that person’s identity. ONFIDO does not cover the crypto yet so we can use other vendors like Scorechain for this purpose.

Workflow builder

You can use InvestGlass Automation workflow builder and Onfido Studio to build to create different paths for higher-risk customers and low risk customers. You can offer different signup process based on the complexity.

Red, orange, green, customer onboarding experiences will be different based on the customer data. Customers with complex id verification or inexistent digital identity presence know that onboarding can be complex.

One of the main benefits of using InvestGlass automation is that it can speed up the verification process and make it easier for your customers. Additionally, by using a reliable identity verification service such as ONFIDO, businesses can reduce the risk of fraud and money laundering. It is crucial to used automation to prevent errors.

5. Modularity and flexibility of the ID verification and digital customer experience

InvestGlass digital onboarding is extremely flexible and can be used for a single form or multiple forms we call “package”. The package is a great way to collect multiple contracts to be signed and prevent cumbersome KYC checks. Indeed if you answer questions on one form, after submitting the form, all related answers will populate the next form. This is the best customer onboarding experience you can offer. You can add Onfido then one page – this is ONFIDO SDK.

An SDK, or software development kit, is a set of tools that helps developers create applications. In the case of identity verification, an SDK would provide the developer with the necessary tools to integrate identity verification into their application. This would include things like APIs and libraries that make it easier to connect to the verification service.

API stands for “Application Programming Interface.” An API is a set of instructions that allows two applications to communicate with each other. In the case of identity verification, an API would allow an application to communicate with the identity verification service. This would include things like requesting verification checks, retrieving results, and managing account settings. API is a great way to offer real-time checks and it is a reliable technology.

InvestGlass connects to ONFIDO API in one click – no programming is needed to verify biometrics or identity.

When it comes to verifying the identities of your customers, there are a number of different methods you can use. In this article, we’ve looked at three ways that businesses can improve their verification experience: by using zero-friction verification, high-assurance verification, and workflow builder. Additionally, we’ve explored how InvestGlass automation can be used to speed up the process and make it easier for your customers.

By using a combination of these methods and tools, businesses can create a smooth and efficient customer onboarding process that is compliant with current regulations. Furthermore, by using a reliable identity verification service such as ONFIDO, businesses can reduce the risk of fraud and money laundering.

improve your verification experience

person in black and white t-shirt using computer

Embed a Form on WordPress in 5 Minutes Only

Good morning and welcome on invest last Monday, power boost.

If you liked this video, please, don’t forget to click on subscribe.

We’ll show you each week, the new InvestGlass tricks and tips to become faster and automate your business as much as you can.

Now, today, we’re going to show you how to create a lead capture form and how to add this lead capture form on your websites.

For this. You need a WordPress website and an InvestGlass account. I’m using a press as well as Yootheme, which is a template editor, and you need an inverse last account. If you don’t have an
InvestGlass account, go to, go to try it free, and year signup.

So this is what we’re going to add today on this website for that go to my accounts company.

So my account company, and then here, I already created a forum, which is a new onboarding form, click on the three dots here, public share, and you’ll have a generic that will appear like this click share. All right. And then simply click on I-frame and then go to your website here. You see WordPress websites. Now I’m going to look into this page, click edit page Youtheme builder.

Here, and I can simply paste the code as you find it here. All right. When you do so, um, you have to make sure also something very important, make sure that you activated the security “Where can I upload this form” otherwise it will not be possible to add this digital form on your WordPress website.

Make sure also it’s an HTTPS. S means secure. It means also that your form will be harder to be copied or used for fishing.

Embed a Form on WordPress

yellow red and blue lego blocks

7 benefits of digital banking in 2022

1 ­– Go digital it’s never too late for a mobile banking

The global pandemic has tremendously impacted the speed of technology adoption. Indeed, lockdowns and remote work has made face-to-face encounters rarer. This trend forces executives in banking branches and managers to, if not yet the case, accelerate digital adoption and offer digital products and services:

  • pay bills online
  • mobile apps
  • send money
  • self service
  • debit card ledger
  • banking tasks – such as KYC remediation for missing pieces
  • pre payment cards
  • account balances online
  • saving accounts apps
  • contactless money transfer
  • online onboarding process
  • online customer experience

In the wealth management industry, this implies a greater focus on digital advisory. Where InvestGlass loves to implement artificial intelligence to build a smart experience.

Top digital banking features to ensure an unparalleled customer experience. Threats, of course, exist everywhere, including inside the bank branch. A digital transformation that improves the customer experience has many features to consider. This is not a growing trend, it’s a major shift. Traditional banks have to adopt online banking solutions. Banking online companies must improve mobile banking app too.

person using black iPad

2 – Financial institutions have to collect all data in all segments

Over the past years, the role of wealth managers, as well as their client targeting, has changed. From a pure wealth focus, wealth managers are now considering other customer segments. Pricing structures of wealth managers are shifting to include lower balance prospects. Indeed, in order to succeed and be able to provide their service to all market segments by reducing costs or improving efficiency, wealth managers need to partner with Artificial Intelligence advisory providers or similar fintech solutions and SAAS solutions.

Correspondingly, these previously underserved markets are surging as key interests for the future.

Women’s and mass-affluents’ presence in the financial markets is getting important and the trend can be assumed to grow. The increasing interest in underserved markets enhances the wealth managers’ need to reformulate their pricing strategies to convince these customer segments and partner with InvestGlass. InvestGlass let you build turn-key digital banking services thanks to a fully customizable CRM and digital. Wealth managers are now offering more personalized products and services to meet the needs of their clients. This is made possible by the wealth of data that is now available to them.

Financial needs and consumer spending have to be analyzed to offer better digital transations. Artificial intelligence could be a greater threat on the process if banking customers’ data is not well digested. Indeed to consume mobile phone data, deposit checks, saving costs, bill payments, transfer funds, online payments and regulatory aspects of the investment portfolio to produce one piece of advice seems impossible!

The risk is that you don’t know what to share with your customers. Should it be a discovery experience with a supermarket mobile phone experience, a Mario Bros progressive enabling new digital transactions once the previous level is achieved, or a hyper-targeted experience?

yellow red and blue lego blocks

3 – Trust me I am your digital banking bot!

Studying the client’s expectations and behaviour, only 27% of Swiss individuals have worked with a financial advisor and over 50% manage their finances internally. This trend of behavior is a worrying aspect for wealth managers with the rise of new, more efficient, advisors such as Artificial Intelligence and Fin-tech companies.

Fintech companies are technology companies that provide financial services. These services can include anything from payments to loans to investment advice. Fintech companies often use digital technologies to provide these services, which is why they’re sometimes called “digital banks.”

The Swiss financial environment clearly showcases a duality: most use a bank but choose other means to manage their wealth. This opens a large array of opportunities to convince skeptics, yet, it also conveys long-term risks.

The challenge for wealth managers is that every decision of any individual is now demanding some kind of advice, ranging from buying a house to which insurance a client is selecting. This is where wealth managers need to evolve in the future, in order to gain market shares and fulfill clients’ expectations more thoroughly.

InvestGlass’s platform enables compliance with the need of the market by providing the means to make fast and efficient investment decisions. Satisfy your clients’ expectations starting today!

InvestGlass CRM build for digital banks

4 – Marketing hyper-personalization and all-in-one solution

Our customer-focused society has long supported mass customization. This trend is slowly but surely impacting financial services and wealth managers and has been exacerbated by the pandemic as the health crisis creates and enhances a plurality of needs within customer segments. Wealth managers are thus expected to connect with Artificial Intelligence and digital advisory fintech to tailor their offering to each customer.

The two main focuses are going to be risk assessing firms, whose technology can interpret a client’s risk profile, and predictive analytics firms, which are expected to have extreme growth potential within the wealth management industry. Use InvestGlass CRM and tailor your offering to each customer with our customizable client portal.

InvestGlass CRM is a customer relationship management system that helps wealth managers connect with their clients and tailor their services to meet their needs. It provides a customizable client portal that allows clients to access their account information and make transactions online.

Additionally, customers’ expectations have been changing and shifting towards all-in-one solutions. Indeed, clients and prospects aim at the most inclusive offer on the market. Therefore, wealth managers and financial companies, in general, need to include supplementary services or products in order to compete against inclusive competitors. Wealth managers, who can recognize this trend and act on it, will experience higher client satisfaction and retention. InvestGlass’s all-in-one solution, fin-tech ecosystem and open API embrace the trend.

5 – Get out with trendy thematics – even if you don’t share them. It’s the client first!

Over the last decades, before the pandemic became the main topic of discussion, sustainability and sustainable investment trend were gaining ground. Global warming, child labor, and, more generally, ethical and environmental issues were increasingly important for investors. The pandemic accelerated the trend and wealth managers’ clients consider ESG (environmental, social, and corporate governance) criteria more closely than in the past. The focus is thus to understand clearly the values and needs of your clients.

You may have heard of the term ESG before, but you’re not sure what it means or why it’s such a big deal. ESG is an acronym that stands for environmental, social, and corporate governance. These are the three main areas that investors consider when they’re looking at a company’s sustainability. Sustainability is becoming more and more important to investors because they want to make sure their money is being put into companies that are doing good in the world. This is especially important now, during the pandemic when people are looking for ways to help support businesses that are making a difference.

Consequently, wealth managers are expected to strengthen their sustainability offerings and showcase priority in sustainable compliant products. InvestGlass provides the means and ends to integrate ESG criteria in your offering as well as an AI rebalancing advisor to match your investment strategy.

6 – Next-Gen Reporting when less is more – how to fit all in mobile banking apps

For any business, the tech-age our society is in has redefined competition. Firms, companies, stores, and individuals are fighting for awareness and attention. In order to foster engagement and attention from clients, processes have to be easy to use, interactive, and customer friendly. Therefore, technologies and innovations try to enhance clients’ attention by providing visualizable data, graphs, and images to engage and interact with them. Similar account aggregation makes a more friendly and comprehensive view of the clients’ assets.

There are a few reasons why bank branches will continue to be important for high-end customers. First, bank branches offer a more personal experience that customers may prefer. They can talk to a banker in person and get more personalized service. Bank branches can also offer a more secure experience, as customers can talk to someone in person if they have any questions or concerns. Finally, bank branches provide a more luxurious experience that some high-end customers may prefer. They can enjoy exclusive services and amenities that are not available online or through mobile banking apps.

7 – Instant Data is not flying cars

Data is the most important source of information for any banker, or sales manager. For wealth managers, it is imperative to know your customer and, thus, to base your advice and product propositions on data. New customer data can be enriched easily with InvestGlass digital forms.

The more data is gathered, the better tailored your service or product will be to the client and the higher will be his/her satisfaction. As the way to gather such data is limited, advisors and wealth managers are now aiming for an alternative source of information such as behavioral data or localization data.  Additionally, machine learning is an important asset when pursuing predictive analytics and alternative data collection. E.g., Artificial Intelligence can scan the web and extract complex data on sentiments and social network critical trends.

Hence, it is clear that wealth managers will have to develop competencies and capabilities to deal with alternative data and to support machine learning processes, capabilities inherent to the InvestGlass solution.

Ready to leverage those 7 benefits of digital banking in 2022?

Digital banking is evolving at a rapid pace, and there are many exciting benefits that banks can look forward to in 2022. Wealth managers should be prepared for next-gen reporting, instant data, and alternative data sources. Additionally, they should be ready to harness the power of machine learning in order to provide more personalized service to their clients. At InvestGlass, we are committed to helping wealth managers stay ahead of the curve and providing them with the tools they need to succeed in the digital age.

InvestGlass digital banking solutions are hosted on your server or on Swiss cloud in Geneva and Vaud canton. The digital banking platform is fully flexible and open to bank accounts, and management of sophisticated portfolios.

The solution is suited for neobank and also traditional banking operations. The key benefits reported are lower fees, easier access, saving time. Technology solutions such as artificial intelligence (AI) and machine learning (ML) algorithms can help create low-friction investor experiences for FIDLEG and MIFID.

benefits of digital banking, digital transformation

Find the right advice for every customer

Find the right advice for every customer

© InvestGlass. All rights reserved. Powered by InvestGlass.