Author: TechRules

Security has always been, and will continue to be one of the fundamental pillars of wealth management software and is becoming increasingly important in fintech companies. The customer’s data protection is essential to comply with legal regulations and generate user loyalty.

Due to recent events like the pandemic or the current situation between Ukraine and Russia, cyberattacks have become a true reality. Digitisation has accelerated all processes, but this does not mean that vulnerability must increase. Customer data protection is essential, even in crisis situations.

Our wealth management software, Robo advisors and end customer solutions  take security into consideration as we know that security breaches can lead to significant losses, many of them irrecoverable. Companies face significant financial and reputational losses, as well as data losses, that can lead to a loss of their intellectual property (know-how) and consequently, loss of customers. These losses can occur in the short, medium and long term, so it is crucial to tackle the information security problem with strategies and plans that must be reviewed periodically.

In the current financial institutions business, it is essential for us to maintain our commitment to customers to ensure maximum protection for their data and their business. We always develop our solutions keeping in mind all the key aspects that affect security, right from product design to implementation, delivering our financial software with the strictest security criteria in the industry.

Want to know more about how we manage financial security?  Download our white paper here!

Germany, January 2022. comdirect, one of the most important banks in Germany, continues to be one of the benchmarks in the banking sector thanks to the development of its Robo Advisor. This state-of-the-art wealth management software that improves the return on investments of their clients, has exceed one billion euros in assets.

This investment tool has increased the assets under management of the Robo Advisor by 175 million euros in the last six months. The German bank thus becomes one of the benchmarks in the digital asset management market.

Through the creation of portfolios based on each client´s risk profile, the financial software generates a personalized strategy. Using this,  the investor can improve the performance of their client’s assets. This Robo Advisor is the result of a business model in which the wealth management tool uses advanced market data analysis algorithms that are verified by experienced industry professionals.

We are very happy with the trust placed in cominvest by our clients”, comments comdirect’s head of brokerage Bjoern Andersen, seeing the impressive results of this digital wealth management solution.

The general director of TechRules, Jaime Bolívar, also wanted to highlight  this success saying that “at TechRules we are proud to support our clients in unique and lasting relationships to become market leaders”.

Do you remember the beginning of Robo Advisors? In the very beginning, people who opposed them stressed the word “robo”, because it suggested cold, impersonal and a low-cost and low-quality way to access finances. Human advisors also looked at them as rivals that would be used by greedy start-ups and unicorns that preached the goodness of technology against the traditional model.

What do we have now? Well, as it usually happens, the future of financial advice software was not as it was expected. Humans are still in the financial business and robo-advisors are not the only solution to get in investments. In the end, coexistence has prevailed, but nobody can deny that the history of Robo Advisors is the one on the success of the democratization of FinTech.

First of all, these platforms have evolved from a one-stand solution to an integration in other platforms from large market players and investment companies. The main banks have their own robo for their customers. Then, this solution is now massive. However, this change has a positive impact in the branch. Human advisors have discovered that these solutions could help for segmentation and enlarge their customer portfolio in other ways, such as including people interested in lower investments that cannot afford a personalized service or, very important, attract young people that are more tech-fan. They still have their common services as premium, while they use financial technology as an ally. Hybrid services are common now, avoiding the former idea of clash of financial cultures.

Secondly, Robo Advisors have contributed to spread FinTech in all devices: apps, tablets, computers and multiverse is around the corner. The great array of APIs, settings and functionalities make them far from the idea of non personal services, because everyone can set their own user experience and choose their investment strategies following the legal requirements. Onboarding, profiling, reporting, monitoring, rebalancing… all professional investment tools are available for a confident investment journey for everyone.

We have witnessed all this Robo Advisor software evolution, always adapting our solutions to all kinds of investors. Seeking for the needs of customers we created several Robo Advisors that will provide functionality to both , customers and advisors, a perfectly hybrid financial advice model. We also have developed state of the art versatile APIs that can be used to customize unique financial software. Digitalization has driven us into a world in which people want immediacy and efficiency and different segments are so grown up in new technologies that they demand their own personal investment software.  No matter the investor you are, you will have everything integrated in your global balance sheet.

Robo Advisors have been a turning point in the evolution of FinTech and finances, generally speaking. Hybrid models, segmentation, democratization, access to a great deal of professional investment tools and legal control are the ingredients of this cocktail that will deliver more innovations in the next few years.

Recent events show that things can change dramatically in a short time, but it has also reminded us where the important things really lie. As a team, we have been  working more united than ever, reaching new challenges and projects. But we know this would not have been possible without our clients and partners. This is why we want to thank you once again for your trust and for letting us keep growing with you, always looking forward and strengthening our alliance.

 Merry Christmas and a happy 2022!

Begoña Rubio, Global Business Development & Marketing Director of TechRules, has participated as an expert speaker in the digital meeting “Interconnected channels, agility and flexibility, keys to offering a fluid and personalized customer experience ” organized by Dir & Ge.

A very relevant presentation in these times of constant change in which digital transformation is key to understanding and anticipating customer needs. The combination of the human factor with the new technologies in the new hybrid models is decisive when it comes to getting to know the client, knowing where they are in the customer journey, and what we must do to make their experience increasingly unique and enriching.

In the world of Robo Advisors and wealth management software, it is important to combine human talent with digital tools that increase empathy with the user, and thanks to these processes it is possible to lower costs and improve operational efficiency. TechRules solutions focus on providing value to each client wherever they need it, even in different segments, creating a unique communication channel and user experience.

Rubio has remarked that “data analysis is key to understanding which channel is the most appropriate for each client and that we must adapt our communications, optimizing the experience and adding value”.

TechRules together with Mediafin, the main Financial media in Benelux, are launching the 4th edition of ‘Rallye Boursier’, the interactive game that seeks to support and train all kinds of independent investors.

The Belgian Financial daily L’Echo and De Tijd collaborate in this fourth edition of the game in which both expert and novice investors will have the opportunity to improve their investment knowledge of the Stock and Fund market and will have the chance to win prizes of up to 10,000 euros.

The game has taken into account even the smallest detail and simulates a digital investment environment just like any broker could have in real life. Developed through a structure of financial APIs, it has been possible to improve user interaction and social reachability by integrating it with social networks and turning the game into a much more competitive environment. Players have the opportunity to create teams with family, friends or co-workers, allowing them to measure their performance. An environment in which they can share ideas, opinions and even compete with each other to improve their experience in the financial market.

For 10 weeks, players will be able to trade with a virtual capital of 50,000 euros and invest in the Amsterdam, Brussels, Paris and New York stock exchanges as well as in a diversified selection of Mutual Funds in Belgium. The opportunity to invest in a virtual environment as if they were in the real market but without taking any risk.

With this new application, TechRules, a leader in the creation of Robo Advisors and wealth management software, seeks to generate a training environment for future investors that will improve their experience in the world of the stock market and will be able to extrapolate their knowledge to the real world.

In this video our managing director Jaime Bolívar explains how important it is to give accurate and qualified data to clients so they can make the best investment decisions and how TechRules has been managing this data for more than 20 years and how integrations give us the data that is analysed with powerful AI tools.

Data is in the fuel of wealth management and ads value making the business more competitive. Wealth management data is a significant challenge, taking into account calculations, building analytical information for portfolios and assets, dashboards, KPIs, regulation and compliance rules. At TechRules we have had a very heavy team since we started in the year 2000, we have more than 3hundred thousand instruments in our data bases coming from different vendors we collaborate with . Cleaning data before using data spies is our job.  You may have powerful analytical tools but if data is not accurate, then it is useless.  Good data leads to good decision making. If you communicate your clients the wrong data it’s a huge mistake.

At TechRules we are integrating a lot of data from different sources and talking about integrations we integrate custodians, management systems ACCOUNT ONBOARDING, ACCOUNT AGGREGATION, new communication channels like whatsapp or video conference that give us the data that we have to store and analyse. We have a platform, T-Advisor where we analyse market sentiment about stocks and funds, also IA for analysing portfolios. All this generates a lot of data,  so having a data management approach is a must.

We are glad to announce that once more, TechRules has been recognized for its great wealth management software solutions, this time by Capital Finance International, a media that works for the better understand of the forces and companies influencing and reshaping the global economy 

In TechRules we have been working as a financial software provider for more than two decades and our labour in investment banking through the years has been recognized with this award. We have been delivering wealth-tech solutions across Europe and Latinamerica, always having the focus on our clients, who can choose from 200 API options to customise digital platforms and streamline user experiences.

The judging panel has been studying all aspects of TechRules ADN, as well as our expertise and multilingual geographical coverage to create impressive tech offerings that come from a team that works and thinks together. They have seen our flexibility in approaching client projects to develop and integrate holistic solutions. 

Another aspect judges have taken in consideration is that everything is accomplished in- house, including the hosting and upgrade of new releases. Over the past year, TechRules has expanded cloud-based capabilities, particularly in the field of communications, reporting and compliance. We are able to assist businesses with the onboarding of clients, and bring automation to bear on digital banking and wealth management.

We constantly work on expanding our tech capabilities harnessing AI to unlock efficient methodologies and strengthen the marketplace, using  Blockchain to help banks to transform operations and the way of investment. 

CFI has also recognized that clients entrust mission-critical projects to us because we “demonstrate the competence and innovation to always get the job done”. 

TechRules and  Sinqia S.A., provider of technology for the financial market, announce that they have signed a partnership contract to offer combined back and front solutions for the wealth management of financial entities and covering all the lifecycle of financial advice.

Sinqia´s Product Manager, Marcelo Duarte, says that getting into the Brazilian market is not easy and that this union is “a perfect marriage” since the solutions offered by both companies complement each other and did not have “any solution focused in the wealth management segment in Brazil with a scope like TechRules has”. 

With this partnership, Sinqia now offers solutions through state of the art APIs, for the private wealth service, including the management of big fortunes, reinforcing its plan to expand the segments in which it operates, complementing the solutions for Asset Managers, Private Banking, Family Offices and Advisors. For TechRules this partnership completes its innovative portfolio management with an exceptional backoffice, which gives the client a perfect solution for the entire investment and wealth management process. 

TechRules is present in more than 19 countries and our solutions have more than 2 million final users. In our more than 20 years offering modular, scalable and apified solutions based on artificial intelligence, we have become a fintech worldwide benchmark in wealth management.  And we keep searching for strategic partnerships that make us grow, expand and continue innovating to offer the best service to our clients. 

Sinqia, a Brazil based company is one of the fastest growing businesses in the country. With more than 25 years of experience it is one of the biggest fintechs in the world, with more than 1.300 employees and more than 110.000 shareholders. An innovative profile makes Sinqia a benchmark for pioneering technology companies investing in the stock market and for TechRules it is a key opportunity to grow: “this union will also set the course of the future in the Wealth Management segment, as has happened on other occasions internationally”. 

This international partnership between TechRules and Sinqia has been mentioned in several media, highlighting the growth that the Latinamerican group is going to achieve thanks to TechRules wealth management software and investment tools.