Nucoro announces plans to target insurers with white labelled wealth management technology offering
- Wealth Management
- 26.11.2019 10:03 am
Nucoro, the Fintech company providing bespoke white-labelled technology focused on delivering wealth management solutions to third parties, has announced it plans to start targeting the insurance sector with its offering. It says the growth of digital wealth management means it’s now easier for insurers to offer this service than ever before.
The company believes more insurers are considering offering wealth management services to customers as they look to increasingly engage with them and create greater brand loyalty, differentiate their propositions and develop new income streams.
According to Nucoro, insurers also benefit from unrivalled access to large amounts of customer data compared to other industry players, which can be used to provide a more personalised wealth management service.
It also says digital wealth management is extremely cost effective, which means it can reach a large part of an insurer’s customer base including people on lower income, which a traditional wealth manager could not afford to do.
Nikolai Hack, COO Nucoro said: “Insurance doesn’t always allow for a great deal of engagement with customers, so more insurers are thinking about creating an ecosystem of additional services, with wealth management being one of these.
“There is a great deal of customer interaction through wealth management, and as well as generating new income, insurers offering this will mean customers are more likely to have multiple products and services from them, increasing their loyalty to the brand.”
From client onboarding to portfolio construction through to billing, Nucoro combines all the tools required to build the next generation of wealth management propositions. To help the insurance sector move forward, Nucoro offers a new technology-based foundation built without legacies - a complete overhaul to the models of client service and accessibility. It offers a radically different approach to the relationship between technology providers and the organisations adopting their solutions – in short, a new core.
Whilst Nucoro has recently launched to the public, the technology behind it powers the retail investment platform, Exo Investing – a fully automated, AI-powered wealth management platform. Within the first year of operation, Exo won two industry awards (Best digital wealth manager OTY + Industry Innovator OTY at the AltFi awards 2018), was named as a finalist in three more and selected to two disruptive company annual indexes (Wealthtech 100 and Disruption50’s 100 most disruptive UK companies).
Nucoro is making this technology available for businesses in the insurance sector that have the ambition to truly innovate and future-proof their businesses - and are struggling to realise their digital ambitions alone.