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.
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About Flanks
Flanks is a wealth management technology company redefining the advisory services industry. Its solution, Flanks LUME, automates manual tasks and transforms complex wealth data into actionable insights that help advisors get a holistic view of their clients wealth to make faster, more informed investment and risk management decisions.
Flanks was founded in 2019 in Barcelona by software engineers Joaquim de la Cruz and Sergi Lao alongside former Santander Private Banking Global Head Álvaro Morales, and combines advanced technology with deep financial expertise to serve companies like banks, family offices, and tech companies. To date, the company has raised a total of 23.550 million euros from investors.
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