Webinar Recording

The Tower of Babel: Tips on Consolidating Wealth Management Data From Multiple Sources

Webinar Summary

Date: February 22, 2022
Time: 2 PM EST

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Our panel of experts explored innovations in technology and business processes that can deliver access to a tapestry of data riches.
This panel was moderated by Craig Iskowitz, CEO of Ezra Group and featured these industry experts:

  • Jeff Marsden – Chief Product Officer, Xtiva Financial Systems
  • Michael Stern – VP Head of Product, Riskalyze
  • Rich Romano – CEO, FIDx
  • Todd Winship – Head of Data & Analytics, Temenos

Top 5 Takeaways:

  • In order to consolidate insurance account data inside of wealth management platforms, you have to speak their language. — Rich Romano, CEO, FIDx
  • The average advisor has to log onto 8-12 different applications just to get their job done. We’re working to consolidate much of the data needed to streamline these workflows. — Mike Stern, Head of Product, Riskalyze
  • Many wealthtech vendors produce more data than they consume. Enterprise wealth management firms are challenged to consolidate everything and ensure it is accurate, timely and available to advisors. — Todd Winship, Head of Data and Analytics, Temenos
  • Application integrations and connectivity has become unmanageable. Many advisors have to memorize the order and direction that applications send or receive data to avoid conflicts. This is an industry-wide problem. — Mike Stern, Head of Product, Riskalyze
  • As the industry has shifted from relying on overnight batch files to deliver critical information to real-time, streaming data, it has also forced firms to move away from relational databases to more purpose-built databases that support specific use cases. — Todd Winship, Head of Data and Analytics, Temenos


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