KFin Technologies Limited has introduced its latest innovation, the mPower Wealth platform, a sophisticated solution designed to address the complex needs of wealth managers, family offices, banks, and external asset managers. This advanced, omnichannel platform integrates front, mid, and back-office operations, offering multi-asset and multi-currency capabilities to enhance client experiences and streamline operations. The launch of mPower Wealth is particularly timely as the global wealth management industry is witnessing significant growth. According to the 2024 Knight Frank Report, the ultra-high-net-worth individual (UHNWI) population increased by 4.2% to 626,619 in 2023. Projections indicate a 28.1% rise over the next five years, with notable growth expected in regions such as India and mainland China.

The expansion of the wealth management market is driven by a shift towards multi-asset and multi-currency investments and a generational transfer of wealth that highlights the importance of purpose-driven investments. KFin Technologies’ mPower Wealth aims to meet these evolving demands by providing a comprehensive, scalable, and technologically advanced platform. Key features of mPower Wealth include comprehensive integration across front, mid, and back-office operations, enabling efficient workflow management. It supports diverse investment portfolios with multi-asset and multi-currency capabilities, and employs advanced analytics powered by AI and machine learning for deeper insights.

Personalization is a cornerstone of mPower Wealth, with tailored client experiences facilitated through advanced visualization and AI-driven insights. The platform also emphasizes regulatory compliance, with built-in features to ensure adherence to evolving regulations. Designed to scale with businesses of all sizes, mPower Wealth offers a 360-degree view of client finances, including held-away assets, and is highly configurable to meet the specific needs of various wealth management business models.

Sreekanth Nadella, Managing Director and CEO of KFin Technologies Limited, commented on the launch, stating, “India’s technology sector is making significant contributions to global finance, and with mPower Wealth, we’re contributing to this transformation. Our platform reflects our vision of agile, intelligent, and client-centric wealth management. By combining technological innovation with financial expertise, we are supporting wealth managers as they navigate an increasingly complex landscape. Through mPower Wealth, we are participating in the fintech evolution, with India playing a key role.”

The mPower Wealth platform is designed to be user-friendly, catering to both experienced wealth managers and newcomers. It features sophisticated security protocols to ensure data integrity and user privacy. KFin Technologies Limited, also known as KFintech, is a prominent technology-driven financial services provider, offering comprehensive solutions to the capital markets ecosystem. In India, KFintech is the largest investor solutions provider based on the number of asset management companies serviced and the largest issuer solutions provider based on the number of clients serviced.

  AI in finance, financial technology, KFin Technologies, mPower Wealth, Multi-Asset Investing, UHNWI Growth, wealth management solutions