Why the next generation of wealthtech will be built on data lakes

For the last two decades, financial advice firms have invested heavily in customer relationship management and back-office technology. These platforms have become the operational backbone of many businesses, supporting client records, income reconciliation, client and adviser firm workflows, valuations and reporting. The Financial Conduct Authority's data-led focus on Consumer Duty, governance, accountability, oversight, vulnerability, operational resilience and data quality means firms are no longer judged solely on what they do. They are increasingly judged on the quality of the evi...