BetaNXT, a provider of wealth management technology solutions, has announced an expanded investment in AI-driven wealth management innovation to accelerate product development and modernisation.
The company has not disclosed the scale of the investment in the AI-driven innovation.
This initiative builds on the company’s current AI-powered solutions and follows the momentum of its recently launched DataXChange platform.
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Over the past year, BetaNXT has deployed advanced AI models to transform the processing of complex regulatory and investor-facing materials such as proxy statements, prospectuses, fund reports, and corporate action communications.
These models are designed to extract, classify, normalise, and validate information at scale, reducing manual review, speeding up workflows, and providing more accurate and timely information to advisors and investors.
BetaNXT chief technology officer Don Henderson stated, “BetaNXT is on a mission to help our clients accelerate their modernisation and innovation efforts. As a partner to many leading asset and wealth management firms, we are advancing the industry’s adoption of AI through strategic applications where we see the greatest opportunities for impact.”
The company stated that its investment will address use cases across the wealth management lifecycle, aiming to benefit operations teams, advisors, and investors.
The AI-driven innovation will focus on four main areas: data aggregation, workflow automation, business intelligence, and predictive analytics.
In data aggregation, BetaNXT will use AI to streamline the ingestion and processing of complex information, aiming to eliminate issues caused by disparate sources, unstructured data, and manual errors. This is expected to enable more accurate, timely, and personalised experiences for users.
Workflow automation will target routine, manually intensive tasks, freeing up time for both clients and BetaNXT’s internal teams. By accelerating processes such as code analysis, document synthesis, and customisation, users will be able to focus on higher-value activities.
Business intelligence efforts will enhance the DataXChange platform with AI-powered insights, allowing clients to measure performance, optimise operations, and identify new opportunities with greater precision and speed. The company will also emphasise natural-language interfaces to make data access easier for users at all technical levels.
Predictive analytics will involve deploying forecasting models to identify key patterns and predict future outcomes. An initial application will help firms anticipate and mitigate advisor attrition risk, supporting proactive retention strategies and workforce planning.
BetaNXT Mediant division executive Chris Nobles said, “We think of artificial intelligence as augmented intelligence—technology that helps human users accomplish their goals not just faster, but better. By embedding AI into the fabric of our solutions ecosystem, we’re enabling new possibilities—transforming the way information flows and decisions are made, strengthening relationships across the wealth management universe.”
The company aims to integrate the new AI-driven capabilities into its product suite over the next twelve months, in addition to the AI-enabled programmes already underway.
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