Cultivation Capital’s Post

Leading sales engagements with discounts to stand out in a crowded marketplace is short-term thinking. For long-term success, a more beneficial approach is to offer and highlight exceptional value. This American Bankers Association Banking Journal article, co-authored with Chris Nichols, President & CEO of QuantiFacts, offers ideas on how to communicate value as a service provider. #wealthmanagement #strategicleadership

INNOVATION with IMPACT at SPEED.   This is the formula our partners at RBC Wealth Management use to accelerate net new assets by leveraging AI and outsourced data science. How are you innovating to grow net new assets? 

For years, recruiting and acquisitions have been the primary growth lever for wealth firms, but what happens when the inorganic growth well runs dry? The key to success in the future will be the ability to generate organic growth in a systematic fashion. This eventuality is a challenging problem that most wealth firms are facing today. It's also complicated by the fact that the answer is not a single thing, but many things. There are new capabilities that can make an impact, but they don't generate growth by themselves. It also takes organizational focus, commitment, and development and iteration of process to make growth a reality. #wealthmanagement #fintech

Investing in community banking is defending financial freedom. 🇺🇸

Can Finley meet RG 255: Providing digital financial product advice to retail clients? If so, would you use a tool like this for client engagement and data collection? Over the break, I was researching to see if Finley could meet ASIC Regulatory Guide 255... I came across an interesting scenario/example by ASIC about providing strategic advice digitally without recommending a specific financial product. Which is exactly what Finley does - Finley doesn't recommend and specific financial product. The app only considers strategic advice.. The ASIC scenario states: Suki engages Brooklyn Financial Pty Ltd (Brooklyn Financial), a start-up fintech company, to provide her with digital advice after reading on the company’s website that its digital advice tool is aimed at clients who have less complex financial planning needs. Brooklyn Financial’s website states that its digital advice tool helps clients understand and develop a strategy to take control of their financial situation. Brooklyn Financial’s digital advice tool does not provide specific financial product recommendations. Instead, it focuses on fundamentals like repaying debt, saving, and determining adequate levels of insurance cover. Brooklyn Financial determines Suki’s financial situation and goals by requiring her to complete an online questionnaire. Suki is then guided through step-by-step instructions that prioritise her most important needs. Brooklyn Financial’s digital advice tool automatically considers Suki’s relevant circumstances in providing her with a recommendation. The tool also reconsiders Suki’s relevant circumstances at any time she updates the information entered and, if required, new recommendations are provided.   The scenario exactly describes Finley's process and output... With this in mind, would you use a tool like this for client engagement and data collection? #FinleyFriday #IIPdealergroup #FinleyYourFriendlyAI

GO KlarVis!!! We have the talent and knowlege to create something special for your organization. If your organization is struggling to be data smart, checking out what KlariVis has to offer should be on your "to do" list!

When we found out we were a CB Insights 2024 #Fintech100 winner, a list of the most promising private fintech companies worldwide, our first thought was we should announce Relay’s win on LinkedIn. But saying it’s just our win isn’t the full story. The truth is, this is just as much a win for the small businesses who bank with us. They’re the ones telling us what they need, testing features in beta, and sharing the tough feedback. It’s thanks to their insights that we can build the tools small businesses need to control their cash flow. It’s about more than having multiple bank accounts. These SMBs are the reason we’ve been able to:   - Deliver an accounts payable experience that makes every bill payment a breeze. - Offer team member cards with spend controls for owners to stay on the money. - Level up receipt management so small businesses can nail their expense-tracking. - Launch the Relay Visa® Credit Card so owners can expand their cash flow safety net. All of these are possible because of what SMBs bring to Relay, not the other way around. And this is just the start. Next up, reimagining invoicing for businesses owners! Together, we’re changing what banking means. It’s not just a place to store your money. It’s about making sure money is where it needs to be, when it needs to be there. And award or not, we're proud to be a part of that.

Article from Croesus: Open Wealth: A new era for wealth management in Europe Open Wealth is emerging as a powerful catalyst for change, offering wealth management firms a unique opportunity to thrive. Embracing it will lead to enhanced growth, deeper client connections, and a more secure foothold in the ever-changing financial landscape. Read online: https://lnkd.in/g7u3zpSH #wealthmanagement #WealthTech #TWMMembers

🇪🇺 Open Wealth: A transformative force in European wealth management Data-driven, collaborative, and client-centric: unlock the potential of Open Wealth in Europe. Discover how it empowers firms to thrive amidst a changing landscape. Read the insights from Romain FARAUT, in The Wealth Mosaic: https://lnkd.in/eKeSAigc #OpenWealth #OpenBanking #FinTech #WealthManagement #DigitalTransformation #Europe #Innovation

NowCM’s new co-CEO on why #finance finds #innovation so tough | The latest in a string of big appointments at #debtcapitalmarkets-focused #fintech NowCM is a reflection of how the firm must increasingly institutionalize itself as it grows. Markus Sauerland tells Euromoney why change is so difficult in the financial world http://spr.ly/6045dRRG1