In the News: What Fintech Innovation Can Advisors Expect in 2023?

Three Crowns CEO Johnny Sandquist was recently quoted in an InvestmentNews article by technology editor Ryan Neal, discussing what financial advisors should expect from fintech innovation in 2023.

What’s he looking for? To put it simply, better use of Artificial Intelligence (AI) — particularly using Natural Language Processing that makes complex workflows fast and efficient. Instead of a handful of button clicks, NLP can allow advisors to type a sentence describing what they want to happen, and their tech will be smart enough to do it.

“Companies will undoubtedly be looking to ride the wave of public interest in AI to generate interest in their products, but beware of vaporware,” Neal writes. “That’s tech speak for software that has been announced and advertised but is either still a concept or not yet fully built.”

Though not widespread, some companies like Entrustody and Alphathena are already making waves with their use of NLP.

Hoping not to see: SSO touted as integrations.

Hoping to see: more focus on AI (mostly through NLP), better/faster/integrated digital new account opening, is UX/UI getting any better than the long-term status quo?

— Johnny Sandquist (@johnellert) February 27, 2023

Click here to read the full article on fintech innovation in InvestmentNews.

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