Embedded wealth management:
Financial service distribution is reaching an inflexion point. Embedded finance is not only possible, but has become an imperative. In this report, we focus on one of the more unexplored areas of embedded finance: wealth management.
We explore the embedded wealth opportunity (including market needs and use cases) and the importance of Banking-as-a-Service (Baas) alongside viewpoints from senior managers within leading industry players including Credit Suisse, Saxo Bank, Microsoft, Clarity AI and neobank TNEX, together with key fintechs focused on enabling embedded finance.
“With BaaS, FI’s don’t have any capex or upfront opex costs and can be incorporated fully within 6 months. Even though out-of-the-box, the FIs can still fully configure and tailor the solution according to their individual needs such as making it relevant to their market.”
Nicholas Wright – Director of Institutional Sales, Saxo Bank
Use cases for embedded wealth management
There are many examples where wealth management could be embedded into financial and non-financial services. In this report, we discuss the use cases we believe present the most compelling opportunities.
Retail and challenger banks
Build recurring income streams to increase customer lifetime value by embedding saving and investment services.
Employee Financial Well-being
Support customer’s and/or employee’s journey, from financial planning to investing, through one transparent app.
Embed wealth services into your own or 3rd party platforms to complement and expand product distribution.
Health Insurance Providers
Leverage unique insights from your customers lifestyles to help them achieve financial independence.
Pension & Life Insurance Providers
Remove retirement planning silos and combine insurance, pension and investment into a single application.
Super Apps and Consumer Platforms
Leverage customer loyalty and data-driven insights to open new income streams by offering wealth services.
additiv platform allows brands to easily embed wealth management into their offering. Services can be tightly integrated into an existing journey, or offered standalone. The platform connects brands with our regulated and fintech ecosystem partners to deliver the end-to-end customer journey and fulfilment.
additiv is here to help.
Our platform and solutions enable financial and non-financial institutions to quickly launch new wealth propositions. We enable financial institutions to deploy leading client advisory, servicing, and expert tools in wealth management.