The annual roster of pioneering wealth-tech enterprises WealthTech100 has selected once again Flanks as a #WealthTech100 company for the year 2024. This recognition has been instrumental in solidifying the firm's position as a frontrunner in the global WealthTech sector, particularly renowned for its wealth and data aggregation services.
The latest edition of the WealthTech100 has been launched today by FinTech Global, a specialist research firm. This prestigious ranking distinguishes the most innovative technology providers that are transforming the operations of investment firms, private banks and financial advisors.
In its sixth edition, the WealthTech100 shines a spotlight on the WealthTech companies that every player in the wealth management industry should know about. The finalists were picked by a panel of analysts and industry experts. The judges were tasked with reviewing a list of over 1,300 companies businesses, with FinTech Global providing detailed information on each company to aid the decision process.
To make the list, the panel looked for companies that are helping address some of the biggest challenges and opportunities within wealth management. The list highlights the leading companies in areas such as client acquisition, financial planning, portfolio management and digital brokerage.
The proliferation of digital services has transformed the way individuals want to manage their finances. Coupled with a tech-savvy younger generation, financial institutions have needed to change how they operate, moving towards quick and streamlined experiences that put customers at the front.
FinTech Global director Richard Sachar said:
"As the great wealth transfer takes place, wealth management firms are seeking ways to update their operations to meet the demands of future customers. While older generations preferred a human-touch, younger generations place quick, simple and digital processes at the top of their requirements. The WealthTech100 list provides senior decision-makers with a guide on the best vendors in the market and practical examples of how the latest AI advancements are transforming the investment industry.”
A full list of the WealthTech100 and detailed information about each company is available to download for free at www.WealthTech100.com.
About Flanks
Flanks is a WealthTech leader redefining the industry by giving wealth institutions direct access to a unified, institution-grade, compliant wealth data layer to harness AI at scale. Our AI wealth data infrastructure automates the aggregation and enrichment of complex portfolios across all asset classes — including alternatives — delivering a comprehensive 360° view and eliminating client friction and manual work through automation and AI.
Flanks empowers global financial institutions — including banks, family offices, asset managers, pension plan providers, and tech companies — to democratise sophisticated wealth management, scaling effortlessly to deliver smarter, more personalised advisory services to more people. As an AISP regulated by the Bank of Spain under the supervision of the European Central Bank, Flanks provides secure and compliant infrastructure.
Founded in 2019 in Barcelona by Joaquim de la Cruz, Sergi Lao and Álvaro Morales, former Global Head of Santander Private Banking. Flanks now processes over 8.2 million portfolios monthly across more than 33 countries, aggregating more than €43 billion in assets. For more information, visit flanks.io.
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