Refinitiv has launched a new tech solution for the wealth management industry, claiming to empower firms with faster time to market for digital properties, while providing investors with a seamless digital experience - including account information, workflow tools, analytics and insights related to their holdings.

Refinitiv Digital Investor gives a unified digital experience to help engage investors through a more personalised service, whilst also lowering the total cost of ownership.

"Wealth management firms are entering a new phase of digital transformation," read a statement. "FinTechs are bringing new capabilities and approaches, and non-traditional tech competitors have established a higher bar for client expectations - as a result, financial services firms are re-evaluating their digital offerings."

Digital Investor delivers a sophisticated client experience throughout the relationship lifecycle with a flexible framework that consists of front-end development tools, widgets and integrated Appliation Programming Interfaces (APIs).

Joe Mrak, global head of wealth management at Refinitiv, said: “Digital Investor follows the completion of our acquisition of Scivantage in February and represents a key step in the integration of our digital product suite.

"By bringing together the powerful client engagement platform of Scivantage with Refinitiv’s market data, news and other content in context with client account data, we are allowing our clients to deliver a personalised and relevant investor experience.”

Over the last year, the firm has invested heavily in the wealth management sector, building out solutions through strategic acquisitions and partnerships, including: SigFig, MarketPysch, Appway, StoneCastle and Sberbank to add digital advice technology, automated end-client workflows and enhanced cash management solutions to clearing and self-clearing broker-dealer clients.

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