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HomeLife InsuranceMonetary Tech Product Information from Envestnet, Bento, Helios, Wealthcare & Extra

Monetary Tech Product Information from Envestnet, Bento, Helios, Wealthcare & Extra


What You Must Know

  • Envestnet is accelerating the expansion of its knowledge and analytics enterprise by launching the Wealth Knowledge Platform, a cloud-based knowledge intelligence answer.
  • The expanded partnership between UBS and Microsoft will speed up UBS’s public cloud footprint over the subsequent 5 years.
  • eMoney Head of Product Tom Sullivan shared his imaginative and prescient for the agency, figuring out 4 predominant worth creators of eMoney that he stated assist advisors create efficiencies and scale their practices.

Envestnet stated Thursday it’s accelerating the expansion of its Knowledge and Analytics enterprise by launching the Wealth Knowledge Platform, a cloud-based knowledge intelligence answer for advisory corporations.

The Wealth Knowledge Platform permits advisors to attach and enrich all the info sources throughout their practices and supply their shoppers with actionable insights at scale, all on one platform, Envestnet stated.

The platform’s performance was made doable via Envestnet’s partnership with knowledge cloud firm Snowflake and its Powered by Snowflake program.

The improved platform “improves knowledge entry, time, and effectivity, giving analysis and analytics groups the instruments they should work extra seamlessly on their platforms by knitting collectively separate capabilities akin to valuation, consumer aggregations, advisor analytics and extra,” Envestnet famous.

UBS and Microsoft Develop Cloud Partnership

UBS and Microsoft on Thursday introduced a vital enlargement of their partnership to speed up UBS’s public cloud footprint over the subsequent 5 years.

As a part of the initiative, UBS expects to have greater than 50% of its functions, together with essential workloads, working on the Microsoft Azure service, now UBS’s main cloud platform.

Azure will “assist advance UBS’s sustainability initiatives, drive operational efficiencies, and keep its requirements for compliance and safety — offering sturdy foundations on which to scale UBS’s price of cloud adoption,” the corporations stated.

When UBS introduced its cloud technique in 2018, leveraging its strategic partnership with Microsoft, the wirehouse stated it deliberate to maneuver about 33% of its functions to the general public cloud inside 4 years. However UBS completed that purpose early, in February 2021.

Now, the businesses’ partnership is increasing past simply consuming cloud providers to incorporate the co-development of improvements and higher collaboration in areas together with carbon discount, they stated.

In step with its sustainability objectives, UBS continues to maneuver sure know-how platform workloads from its on-premises and personal cloud servers to Azure. In some use instances, that has resulted within the power consumption of these workloads to be decreased by as a lot as 30% so far, the corporations stated.

UBS and Microsoft are additionally “implementing and additional exploring methods wherein synthetic intelligence and knowledge can be utilized to boost providers for shoppers and staff.” For example, in Switzerland, UBS is at present working two functions that use conversational AI capabilities to answer consumer e-mail inquiries.

eMoney Declares Product Roadmap at Summit

Constancy’s eMoney Advisor introduced new particulars of its product roadmap on Monday, day one in every of its 2022 eMoney Summit.

Head of Product Tom Sullivan, who joined eMoney in June, took the digital stage in the course of the annual convention for the primary time to share the imaginative and prescient for the agency, figuring out 4 predominant worth creators of eMoney that he stated assist advisors create efficiencies and scale their practices.

These worth creators are monetary planning; aggregation supporting planning efforts, offering a consolidated view of shoppers’ monetary image; monetary wellness; {and professional} providers.

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