BTL 752 - Wealthtech

 

The Banking Tutor’s Lessons

BTL 752                                                                          09-02-2025

Wealthtech

Wealthtech, or wealth technology, is the use of technology to improve wealth management and investing. It aims to make managing money more efficient, accessible, and personalized.

 

Automation - Wealthtech uses technology to automate manual processes, such as tracking investments and analyzing financial performance.

 

Data analytics - Wealthtech uses data analytics to optimize wealth and reduce risk.

 

Artificial intelligence (AI) - Wealthtech uses AI to provide personalized financial advice and portfolio management.

 

Machine learning - Wealthtech uses machine learning to improve personal finance and investing.

 

Blockchain - Wealthtech uses blockchain to create new classes of assets and exchange assets on decentralized networks.

 

Benefits of wealthtech - Wealthtech can help users make smarter investment decisions. 

 

Benefits of Wealthtech

 

Wealthtech can help users track their investments, budgets, and financial performance.

 

Wealthtech can help users receive personalized financial advice.

 

Wealthtech can help users access investment opportunities that were previously unavailable.

 

Examples of Wealthtech

 

Robo-advisors, Digital brokerage platforms, and Micro-investment platforms.

 

In the context of Wealthtech, the abbreviation “HENRY” refers to High Earners, Not Rich Yet. A term used to describe people who have a high income but don't have enough saved to be considered wealthy

 

The term was coined by Shawn Tully in a Fortune magazine in 2003.

 

HENRYs are often younger people who have a high income but low savings.

 

Some challenges that HENRYs may face include lifestyle creep, job loss, and saving for retirement.

 

Sekhar Pariti

+91 9440641014