BetaNXT recognized as a Top 25 WealthTech Company for 2024

BetaNXT was acknowledged for addressing integration challenges, enhancing advisor productivity, and reducing enterprise costs.

The Financial Technology Report announced The Top 25 WealthTech Companies of 2024. In an era where digital transformation is revolutionizing financial services, WealthTech companies are at the forefront, leveraging advanced tools such as cloud computing, API integration, and big data analytics to enhance portfolio management, financial planning, and client engagement.

Global assets under management are projected to reach $145.4 trillion by 2025, driven by a compound annual growth rate of 5.9%. This rapid growth underscores the critical role of WealthTech firms in addressing the evolving needs of investors and financial institutions. From managing trillions of dollars in assets to supporting financial advisors with sophisticated tools for investment management and client reporting, these firms are setting new standards for excellence and innovation in wealth management. Their efforts are crucial in addressing the evolving needs of a rapidly changing market, ensuring asset managers and financial institutions can deliver efficient, secure, and client-centric services globally.

Among this year’s awardees, BetaNXT stands out for integrating its Beta, Maxit, and Mediant businesses to address customers' integration challenges with flexible and efficient solutions, enhancing advisor productivity and reducing enterprise costs.

BetaNXT (ranked #6 of 25) is a New York-based provider of advanced technology solutions for the wealth management industry. The company integrates its Beta, Maxit, and Mediant businesses to address customers' integration challenges with flexible and efficient solutions. Beta is a self-clearing securities processing solution, Maxit offers tax information reporting and cost basis accounting, and Mediant delivers investor communications solutions to banks, brokers, corporate issuers, and funds. By leveraging real-time data capabilities, BetaNXT enhances the wealth advisor experience, reduces enterprise costs, streamlines operations, and increases advisor productivity. The company operates globally with additional offices in Wayne, NJ, and Bengaluru, India, supporting wealth management firms in transforming their platforms to enable enterprise scale and stimulate commercial growth​.

Source: The Financial Technology Report