FINTECH

Group Assignment
On
“Fintech & Wealth Management”

Submitted To:
Prof. Sudipta Nanda

Submitted By:
Panashyu Arora(PGFA22)
Prachi Paresh(PGFA2231)
Raghav Kumar Rai(PGFA2232)
Tanisha Gupta(PGFA2255)
Tushar Negi(PGFA2258)

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 Acknowledgment

Our project would not have succeeded without the help of many people, and we want to
thank everyone. Without their help, we would never have been able to accomplish this.

My deepest appreciation goes to Dr. Sudipta Kumar Nanda, our subject mentor, who gave
us a chance to contribute to this exciting endeavor. Their knowledge, direction, and
unwavering encouragement during the internship have been priceless. We appreciate their
understanding, thoughtful comments, and generosity in sharing their expertise.

We want to thank him for all the help and motivation he's given us. Their insight, experience,
and knowledge-sharing generosity have benefited my career greatly. We appreciate their
helpful comments and suggestions during the project.

Additionally, we want to thank "Jaipuria Institute of Management, Noida" for giving us

this fantastic chance. Thank you for providing me with the tools, space, and experience we
needed throughout my project. Being a part of such an exciting and encouraging project has
been a great learning experience.

Finally, I'd like to express my gratitude to those who have always been there for me, both
emotionally and practically. Their confidence in us, support, and drive have been invaluable
throughout my project. We appreciate their understanding, support, and encouragement on
this path. We appreciate everyone who helped me develop and succeed throughout my
project. Your help, support, and belief in me have been invaluable, and we appreciate the
chance to work with you very much.

Panashyu Arora(PGFA22)

Prachi Paresh(PGFA2231)

Raghav Kumar Rai(PGFA2232)

Tanisha Gupta(PGFA2255)

Tushar Negi(PGFA2258)

Jaipuria Institute of Management, Noida

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 Content
S.No PARTICULARS PAGE
NO
1. Acknowledgement 2

2. Table of Contents 3

3. Executive Summary 4

4. Introduction 5

5. Products and 7
Services

6. Impact of Fintech
on Financial
Services
7. Fintech Firms in
Financial Services
Sector- Examples
8. Conclusion

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Executive Summary

4
 INTRODUCTION

Financial Technology (FinTech) is the name of the dynamic force that emerged
from the combining of the financial services and technology innovation in recent
years. Wealth management landscape has been reshaped by this disruptive wave
changing how people, businesses as well as institutions manage their finances,
investments and assets. FinTech has brought about unheard-of efficiency,
accessibility and customization into wealth management through utilization of
cutting-edge technologies such as blockchain, artificial intelligence, and big data
analytics.

Key Developments-

Explosive Growth: The global FinTech market has undergone massive expansion
with investment levels reaching new highs. Global investment in FinTech
ventures hit approximately $168 billion in 2021 thereby underlining the
enormous interest and confidence in this sector according to Statista.

Wealth Management Revolution: Disruption is looming over traditional wealth

management models due to innovative solutions offered by FinTech platforms.
Accenture’s report states that since 2013, investments in digital wealth
management platforms have grown at an annualized rate of 44% indicating a
significant change towards digital wealth offerings.

Advantages to Using Fintech for Wealth Management

There are several advantages of using fintech for wealth management including:

• Affordability: - Typically, fintech solutions will be much cheaper than the other
conventional wealth management services. This is due to their automated nature
that does not require as much human intervention.

• Accessibility: - Most people can access these services since there is no minimum
investment required on most platforms.

• Convenience: - In terms of convenience, fintech solutions are very good. You

can use a smartphone or computer to access them from anywhere at any time you
wish.

• Customization: – The fintech comes with customization features that enable

investors’ needs to be met individually. To this effect, it considers financial goals,
risk tolerance and time frame for investments

Fintech's Revolutionizing in Wealth Management:

Democratizing Wealth Management: There was a time when only the wealthy
accessed wealth management services. These days anyone can invest through robo-
advisors and similar fintech tools with less commitment, lower minimums and an
enjoyable online platform. This transition is particularly popular among younger
cohorts (Gen Z and millennials) who have grown up with digital tools like

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 fractional share Examples include fractional share investing with True Wealth,
sustainable investing with Inyova, and alternative investment platforms like Splint
Invest. Fintech has made wealth management accessible, just like the internet did
for information.

Enhanced Customer Experience: Tech-savvy investors today expect a better

deal. They want lower fees, personalized investment options, and transparency.
They crave control and information, preferring real-time portfolio management via
mobile apps over quarterly reports. Fintech delivers this improved experience by:

o Offering mobile apps for real-time portfolio management.

o Providing ESG (environmental, social, and governance) options for ethical
investors.
o Educating users with investment content, online communities, and learning
resources.

Leaders in Fintech Wealth Management

Some of the leaders in fintech wealth management include:

 Betterment
 Wealthfront
 SoFi
 Acorns

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  Products and Services Offered
Robo-advisors - Robo-Advisors Digital Systems uses algorithms to automatically manage
assets based on the investor’s risk tolerance, financial goals, and other factors. They offer
financial advice and portfolio suggestions without human touch.

Online investing platforms - Fintech companies provide platforms via the Internet for
purchasing, selling, and managing different investment products such as mutual funds, shares
in the stock market, bonds, and ETFs. Usually, these platforms have tools like education
centers that help you make better financial decisions.

Tools for Financial Planning- Various fintech enterprises present individuals with digital
calculators plus software to help them make savings plans and track their achievement of
goals; this can cover budgeting, retirement planning, and investment schemes. These
resources provide specific instructions to assist you in achieving your financial independence.

Automated Savings and Investing- These applications facilitate saving money by setting
automatic deposits into investment accounts or rounding off the amount spent during regular
purchases to the nearest dollar.

Portfolio Analysis and Monitoring- Portfolio analysis plus monitoring tools offered by
fintech platforms enables them to keep track of performance and allocation of investments
across different asset classes and risk levels. They can send notifications about changes in
your properties or any other alerts intended to keep you updated.
Financial Education and Content- Many fintech companies offer finance articles, seminars,
videos, and other learning aids that help people understand investment, wealth management,
and personal finance. These instruments aim to assist customers in making judgments on
financial matters.
Social Investing Platforms - - Some fintech firms allow their users to socially communicate
with one another so they can share investing strategies, ideas, and insights. Users can learn
from other investors by following their actions and outcomes.
Retirement Planning Solutions Fintech companies help consumers calculate their
retirement needs and optimize savings & investment solutions by providing retirement
planning tools and services, thus enabling them to achieve financial security into old age.
Tax Optimization Services- Help people reduce taxes through tax-loss harvesting, tax-
efficient investment techniques, or other tax optimization approaches.
Estate Planning and Wealth Transfer Services - Fintech platforms provide services as well
as tools that consumers use to create estate plans like wills, trusts, or beneficiary designations
that ensure the smooth transitioning of wealth from one generation to another.

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Products Available in Real-World

Wealthfront: An automated investment portfolio management platform, or robo-advisor,

that employs custom algorithms matching customers’ danger acceptance and the goals they
want to achieve with usually low-cost exchange-traded funds (ETFs).

Betterment: Another robo-advisor platform that creates customized investing portfolios

based on users’ risk tolerance and financial objectives. It has features such as retirement
planning tools and tax loss harvesting.

Acorns: An automated savings plus investment app that allows one to invest in ETF
portfolios using spare change and rounding up regular purchases to the nearest dollar. It also
offers banking and retirement possibilities.

Personal Capital: A comprehensive financial management platform that includes asset

management, individual retirement account advice, personal investments tracking, and
budgeting features. Its services include personalized financial guidance and a holistic view of
users’ finances.

Vanguard Personal Advisor Services: Vanguard's hybrid robo-advisor technology

combines the features of a human advisor with automated investment management, making it
possible for investors to access financial advisors.

Stash: It’s an investing app that enables novices to learn about investing through thematic
portfolios, fractional share investing, and a debit card that gives users stock rewards.

M1 Finance: An online brokerage platform allowing users to create personalized investment

portfolios called “pies.” It can borrow against investment portfolios, dynamically allocate
portfolios, and rebalance them automatically.

SoFi Invest: A financial tool kit that includes advisors’ access, trading automation, and
commission-free stocks, ETFs, and cryptos. Thus, it allows users to plan well for their future.

Wealthsimple: A Robo-Advisor platform offering digital investment management and

diversified ETFs linked to consumers’ financial goals and risk appetite. This service also
offers sustainable and tax-smart investments.