Author: TechRules

In TechRules we have been working more than two decades on providing our customers the best information integrated with our state of the art wealth management software.

This is why we have chosen interactive Tabelau´s dashboards to integrate them with our Tower data, so we can introduce in a more effective and understandable way all business data and its evolution. 

We use data to tell stories 

Thanks to this new integration we are able to generate powerful reports and dashboards that help the data understanding  so users can make better investment decisions.

You can use Tableau integrated with Tower:

– To combine different data sources to offer highly valuable analytics to the business.

– To create high-impact visualizations of common data analyses to help you see and understand your data.

– To apply predictive analytics to improve business decision making (for example, predicting and confirming assumptions of the financial impact of our clients).

– To quickly identify which are the strengths and weaknesses of your business.

Thanks to the technologies used in this Tableau-Tower symbiosis we are now able to:

-Extract data  from Tower using secure APIs.

-Enable efficient loading of large volumes of information with Tableau´s hyper technology 

The user of Tower´s always win when we  integrate it with specialized solutions that provide different views of the business.

This model can support more data and can consolidate extracts previously created  separately as a single extract. This has the main goal of creating  and refreshing extracts faster and gaining  experience giving a better performance when interacting with views that use extract data sources.

These panels allow you to monitor activities such as the followings: 

MANAGER’S ACTIVITY:

– AUMs by Manager.

– CONTRIBUTIONS / WITHDRAWALS operations according to region.

– Commissions and expenses generated by client and manager.

PORTFOLIO MONITORING:

– AUM distribution according to advisor, category, country, risk profile, investment service (Advised, Discretionary, RTO), ISIN.

– Variation of AUM managed according to the portfolio by year.

– Net volume subscribed in any fund in a Region.

The main consequence of the huge impact of new technologies on the financial sector has been the desintermediation. Today we are  welcoming crypto assets, a new way of investment that comes together with the blockchain. 

T-Advisor, a digital portfolio management software for independent advisors has become a community with access to the best tools to manage financial investments. Financial assets that, as well as the whole financial system, are being affected by disruptive technology.  

The blockchain is revolutionizing conventionalism in the negotiation of any transactional asset. We are witnessing the transformation of the existing assets,  the incorporation of real assets in the financial markets and possibly the disappearance of other assets that soon will have no sense in the sector. 

T-Advisor is making huge advances on improving its added value by adding this kind of assets, with the purpose of creating portfolios and generating reports that already have these digital assets.

The cryptocurrencies are an example, maybe the earliest one known, that is shaking the traditional financial market. As everything new and unknown and in this case, non regulated, these cryptocurrencies have the same amount of defamers and fans that find this new way of investment as a great opportunity. 

But there are several barriers that cryptocurrencies still have to overcome to become a well known and accepted asset: become legal in the eyes of governments and regulators, provide price stability by generating advantages for both merchants and consumers and  allow a global reach in the payment market

One thing is for sure, cryptoassets are going to be a revolution for all investment platforms. We are in front of a revolution in the stock markets because now the client is going  to be able to buy a port of a building or a piece of art. Blockchain is going to achieve something as big as what the Internet achieved years ago, because it is going to be a decentralized information system. 

And the users of our solution already know about this: “cryptocurrencies have been in the market for a while and  clients are the ones demanding more information about them and the blockchain. “They are going to be something very important inside our solutions and for the whole market” says the managing director of TechRules, Raúl Lacaci. 

Cryptoassets use this blockchain technology, something that increasingly is going to affect more industries. Investment digital platforms are already using it, because it is a single registry, agreed and distributed in several nodes of a network. This allows secure and transparent commercial transactions through wealth management softwares and Robo Advisors. 

For all this, blockchain is going to be essential to guarantee clients´ security and confidence when buying assets and managing their wealth. From now on, financial institutions and service providers will be the ones in charge of guaranteeing strict regulations without illegal actions like money laundering in this type of transactions, so banks and advisors can securely manage their wealth.

At TechRules we are always searching for new innovative ways to adapt our wealth management solutions to the latest technologies and this is why we create our own initiatives that allow us to experience first person the real impact of disruption. Some time ago we developed a project in which we worked with a notary that was in charge of certifying the authenticity of each asset. Communication with the client is key, with a transparent process that makes the user more and more confident with this new way of investment. 

At TechRules we have been always looking for the wellbeing of our employees and trying to have a great work environment. But we also like to make a positive impact inside and outside the workplace and this is why we collaborate with some ONGs that just try to improve the quality of living of many communities around the world.

We collaborate with I&C (Investment and Cooperation), a fundraising that imparts financial courses in Latin America, but also with Ayuda en Acción (Help in Action), an ONG that develops humanitarian projects around the world since 1981. This organization centers its projects on activities that directly benefit women and children, but whenever an action like this is implemented, all the community sees an improvement. With the pandemic, these communities have been very damaged and now more than ever we should push that kind of actions. 

From all the projects this ONG has, we have decided to contribute on five, four in Latin America and one in Africa. The families living in the rural zone of the project in Mozambique confront very hard living conditions, in a country where the Human Development Index is so low that they have been classified in the list of the less developed countries. In this community several activities are taking place, like the alphabetization and the fight against child labour and undernourishment. In this case, TechRules has made a group adoption, which has permitted us to be in contact with a nice group of girls and boys.  

*From left to right, standing up: Jaime, Assane, Anatercia, Constansia y Eunice.

Sitting down: Crisanto, Costa, Rosalina y Teresa.

In Latin America we have intervened in projects in Ecuador and Bolivia in which we have made one individual sponsorship on each country, Maryi and Evelín. In Ecuador the intervention helps 34 communities in which there is a health emergency arising from the contamination of rivers and the lack of drinking water, which generates high malaria levels that contribute to the desnutrition of the youngest population. In Bolivia the main problem is the low literacy rate where only 15% of primary and secondary school students achieve a satisfactory school performance.

In Central America the projects we contribute to are located in El Salvador and Mexico and in this case we have the honour to sponsor Manuela and Eden. The families living in the intervened zone of El Salvador are facing a terrible situation, with high levels of poverty and exclusion that prevent them from developing new opportunities to improve their quality of living. In the Mexican area, the activities have been focused on the training and educational reinforcement, also in promoting local development through trade and the improvement of the entire production chain. 

Tower, leading wealth management platform for advisors and financial entities, has developed a new module for campaign generation and business development, a new feature that allows advisers to reach many more clients in an easier and personalized way.

This new module has two principal functionalities: it can be used by an entity manager to create customer acquisition campaigns for several advisors or by an individual advisor who wants to create its own campaigns for his clients.

In the manual proposal generation, the advisor can send a pdf with the proposal directly to his client, being this feature something unique in this system of campaign generation inside Tower. 

Thanks to the use of Artificial Intelligence this wealth management software is able to generate prospects and new leads. The algorithm works with the profiles that the advisor has created, generating similar profiles that take into consideration factors like age, profile and heritage of each client.

Customer experience and follow-up

This new option integrated inside Tower makes this solution even more competitive. With the same Tower´s CRM historic, it has been included a customer follow up system. In this way the advisor is able to develop customizable proposals and to have a unique communication with his clients.

Customer campaign selection 

When a campaign is created the adviser can select and add clients with an automatic selection of clients based on clustering algorithms using Artificial Intelligence or making a manual selection of clients using specific criteria.

Powerful and efficient

Thanks to the versatility and easiness of this new Tower campaign module, an advisor is able to have complete control above all the goals and objectives to reach on each campaign, being this results superior to the initial numbers.

In this video, our MD, Jaime Bolívar talks about how AI, machine learning and tokenization can help develop a better hybrid customer experience, together with paperless Onboarding.

This annual list features 100 international companies that are transforming the global investment market and banking industries

Fintech Global is the specialist research firm that searches the market for the best wealthtech companies that have the most innovative solutions on investment software that have been taking into consideration the digital transformation challenges and opportunities faced by private banks, financial institutions and asset managers.

TechRules has been featured after the experts have recognized its more than 20 years of experience and especially TechRules´ best wealth management platform, Tower, a portfolio management software that helps investors to take advantage of new technologies and artificial intelligence for making the best investment decisions. 

This is the third year that Fintech Global researches the industry looking for the best investment tools and wealth management platforms and this year has been more difficult than ever. More than 1000 businesses have been analyzed and studied by a panel of industry experts to select the best 100 companies in the market. 

The finalists have been selected and awarded a place on the list thanks to their efforts and teamwork during this difficult period. Teams that have been studying the problems in the industry and have developed  investment software improvements that solve a significant issue for the market. This investment tool, like TechRules robo advisor, offers a full robo wealth management solution for the investment industry with a development and quality data that has made us stand out between the rest of competitors in the market.

TechRule´s Managing Director, Jaime Bolívar, says that “it is also important to have a state of the art portfolio management software, and a risk analysis system that can make the difference in terms of taking the best investment decisions, something clearly important in this Covid era in which investors can not take unnecessary risks.”

FinTech Global director Richard Sachar says that “established banks and investment firms need to be aware of the latest innovations to remain competitive in the current market, which is heavily focused on digital distribution and increased use of customer data, and even more so post Covid-19. The WealthTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as client acquisition, financial planning, portfolio management and digital brokerage.”

Being a leading company in financial solutions and having been on the scene for more than 20 years in Europe and Latin America in a highly competitive market are some of the characteristics that define TechRules. But behind our robust APIs and advanced technological solutions there is a team and a company made up of people with first and last names.

The arrival of Covid-19 has meant that precisely this team has been more than ever making an effort to digitize all the productive processes of our clients and financial entities in order to make them able to keep working with the pandemia. A digitalizations that has arrived to stay and  that we already had implemented thanks to being a company with an international presence in which we have not reduced our agreements and new clients, but continue to grow. An opportunity to more than demonstrate what we are capable of and what we have accomplished, making our clients achieve a more human and close relationship with their users through new communication technologies in a period of high economic uncertainty worldwide. 

 But this is something that we did not get from one day to another. From TechRules´ insides we have been always working to get excellents results for our clientes, offering them a sustained ROI,  and also taking care of generating a nice work environment in which every member of the team feels like an indispensable piece of the company´s engine, that encourages employees to keep growing. This is what gives us an unique personality, in which sustainability has been one of our keys to success. 

And it is not surprising that many of us have been with the company for more than a decade, involved in a robust and stable team that, above all, knows how to work hand in hand to achieve whatever objective we set for ourselves. Seniority and specialization is one of our main characteristics. We also have been enforcing our relationship with customers during all these years giving them the possibility to migrate their solutions whenever they have needed it. Robust APIs, R&D, development, data quality, infrastructure or S&M departments are one of the  reasons we have been in the scene for this long. 

The sustainability that defines us makes us want to leave a positive footprint in the communities and regions in which we carry out our activity. That is why we like to involve our team in the social projects in which we participate, such as our collaboration against cancer or “Saving to learn”, a cooperation program in Latin America in which saving tools are delivered to vulnerable communities so that they can learn to manage their wealth and be self-sufficiency.

In this video, the Managing Director of TechRules, Jaime Bolívar talks about latest communication technologies in Wealth Managment, Onboarding and Robo Advisor, and how newest technologies can help advisers to improve KPIs and promote products with automated financial planning.

Best digital solutions. “Our goal is to keep working on sustainable ROI for our customers and lead generation, so that they can enrich the relationship with their clients with customer centric solutions, engaging and reinforcing the relationship between them”. TechRules for The Weatlh Mosaic.

There have been many new challenges this past year. For some companies, the main goal has been just to stay in business. But not for us. For us our goal has been to exceed our business objectives and to continue to do so into 2021.

At TechRules we have prioritized keeping our team together and maintaining a sharp focus on innovation to stay ahead of the curve. We have been improving our solutions and services, and were adept at meeting new challenges and issues head on even before the events of 2020. This meant our technology was already robust and reliable, thus providing a safe haven for our customers throughout the difficulties imposed by the pandemic.

 

 

Going forward our main goal is to keep working on sustainable ROI for our customers, so that they can enrich the relationship with their clients with customer centric solutions. Our clients need to communicate and stay in touch with their clients in a meaningful way, each and every day.

 

Lead generation has become something essential for financial entities to succeed and has been another area of focus. We have been digitizing all our processes to provide robust and innovative solutions for banks and end customers. We had been working towards this before the pandemic hit and were therefore already in a strong position. One element we have added to is customization features so as to be able to better react to client need.

 

 

We’ve found a collaborative approach with our clients has served both sides well in being able to meet needs and add extra features. Another key facet of our offering in 2021 is of course to keep working to ensure that customer data has the highest level of protection and compliance with the internationally recognized standard of excellence for information security.

 

Digitalization has, of course, been key to meeting all of the goals that we set in 2020. It will continue to be a key element as we move through 2021.Indeed, last year was the year that almost everything had to be quickly transferred to a remote environment.

 

While some big, traditional companies have failed to deliver their services on these digital conditions, we have been agile and innovative enough to keep ourselves at the top of the league to serve the full range of companies; from traditional advisors and investors, to a younger audience that is very familiar with a digital environment and indeed now has high expectations as regards being able to access products and services digitally.

 

Private banking clients are a particular feature of the market too with a clientele that is now looking to provide its customers with a high quality, high tech digital offering so that they can more easily manage their money and investments for the future.

 

Our ethos and our ability to listen, study and search what customers need has been of great benefit in trying times. We have created a complete and accessible platform. This is a powerful software solution to manage a large number of complex customer portfolios with a large volume of historical data and analytics to meet the most demanding regulatory requirements.

 

This kind of solution provides a complete life cycle for financial advice with sophisticated digital tools to allow for a full picture of a client’s situation and more easily align them with their investment strategy. This is obviously always very important but now more than ever, due to providers wanting to actively engage and reinforce the relationship between their own professionals and their customers – the end investor. In this remote era, these tools have to be as reliable and easy to use as possible. Digital communications are the way forward to grow customer loyalty and engagement for the long term.

 

The more engaged the customer is and the deeper the relationship, the more profitable it is. Technology enhances this. Our technology offers a state-of- the-art design that has taken into consideration every single detail; the user interface is intuitive and simple as well as being efficient. Our team is also constantly working on new APIs to offer a full API solution. We also offer high levels of customization and integration across different modules, including Robo Advisor platforms. These are just some of the features that have underscored TechRules as a key player, despite wider market adversities.

 

ESG