Riskalyze announced a plethora of new products at theTechnology Tools for Today conference in Garden Grove,California, on Wednesday.

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Riskalyze Premier is a new tier of service that aims to“supercharge engagement” and help financial advisors be moreefficient, according to a statement from Riskalyze. It features aconsumer dashboard, account opening capabilities, retirement plan management, synchronizationwith assets at other institutions and data sharingcapabilities.

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Autopilot is an automated account platform letsadvisors build model portfolios and assign them to client accounts.It will automatically make trades at six different custodians, andfeatures research and strategies from leading asset managers likeMorningstar Managed Portfolios, SEI Investments, Stadion MoneyManagement and State Street Global Advisors, among others.

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Autopilot will be available for Riskalyze's Pro and Premiercustomers. It's available now for enterprise customers and will berolled out in May to the rest of Riskalyze's users.

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Building on its Risk Number offering, Riskalyze is offering aseries of eight models based on Sharpe ratios, internal expensesand portfolio Risk Numbers. They're built using funds fromRiskalyze's asset management partners.

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BNY Mellon's Albridge announced on Thursday that it hasredesigned the Albridge Wealth Reporting (AWP) platform to offer amore responsive user experience and extends dashboard access.

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The redesign was based on consumer feedback, according to astatement from Albridge. The updated platform features apredictive-type search function, and allows for morecustomization.

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AdvisorEngine announced on Wednesday that it has acquired theassets and intellectual property of Wealthminder, a cloudcollaboration and digital prospecting tool for advisors.

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External IT, an IT and compliance service provider for financialorganizations, has launched a digital hub to aggregate wealthmanagers' IT systems, apps and data. The hub, called “workplacewealth_,” is designed to work seamlessly with a financialinstitution's existing devices and platforms, including their CRM,portfolios and custodial platforms. It's built with best-practicecybersecurity features like multi-factor authentication and dataencryption, and features security monitoring and otherSEC/FINRA-required controls, according to a statement.

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Sam Attias, managing director at External IT, said the hub has“productized the concept of traditional IT services for financialfirms.”

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The hub uses a “a new cloud-delivery mechanism—a softwareoverlay which aggregates technology, apps and workflows, andensures businesses can remain secure and compliant, while enablingtheir advisors to work smarter,” Attias said in a statement.

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Financial organizations “are big targets for cybercriminals, and this is notgoing to change any time soon. workplace wealth_ helps financialinstitutions and professionals secure all their workplaces in orderto protect data from hackers,” Justin Kapahi, vice president ofsolutions and security at External IT, added in the statement. “Ourbuilt-in cybersecurity features provide the end-point control andmonitoring that advisors need to ensure they keep theirinfrastructure secure, and remain in compliance with SEC/FINRAprotocols, as they grow their businesses.”

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The regtech industry is booming, especially for those servingthe financial services industry, according to VC research firm CBInsights. Regtech companies have raised $2.3 billion in the lastfive years, the firm wrote in a February blog post, and “thebulk of startups in this space are focused on compliance in thefinancial services sector.”

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There are eight broad subcategories in the financial regtechspace, according to the report.

  • Anti-money laundering and Know Your Customer startups
  • Blockchain and bitcoin
  • Enterprise risk management
  • Operations risk management
  • Portfolio risk management
  • Quantitative analytics
  • Reporting
  • Tax management
  • Trade monitoring

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