KFin Technologies has launched the mPower Wealth platform, a sophisticated solution for wealth managers, family offices, banks, and external asset managers. This platform integrates front, mid, and back-office operations with multi-asset and multi-currency capabilities, aiming to enhance client experiences.
The 2024 Knight Frank Report reveals substantial growth in the wealth management sector, with the UHNWI population rising 4.2% in 2023 and projected to increase by 28.1% over the next five years. As investment trends evolve and generational wealth shifts, mPower Wealth addresses these needs with a scalable, technologically advanced platform.
mPower Wealth offers a range of key features designed to enhance wealth management. It provides comprehensive integration across front, mid, and back-office operations for streamlined workflow management and supports diverse investment portfolios with its multi-asset, multi-currency capabilities. The platform leverages advanced analytics, using AI and machine learning to deliver in-depth insights through descriptive, diagnostic, and predictive models.
Personalization is a core feature, with tailored client experiences driven by advanced visualization and AI insights. mPower Wealth also ensures regulatory compliance with built-in features, scales with businesses of all sizes, and delivers a 360-degree view of client finances, including held-away assets. Its configurability allows customization to fit various wealth management business models, while its user-friendly interface and robust security protocols cater to both experienced and new wealth managers, ensuring data integrity and privacy.