wealthtech

English

Alternative forms

  • WealthTech

Etymology

Clipping of wealth technology, or blend of wealth +‎ tech, probably modelled on fintech.

Pronunciation

  • IPA(key): /ˈwɛɫθtɛk/
  • Audio (Southern England):(file)
  • Hyphenation: wealth‧tech

Noun

wealthtech (countable and uncountable, plural wealthtechs)

  1. A fintech designed to facilitate wealth management.
    • 2021 January 1, Claudio Cali, Laura Wollny, Arthur Minsat, Elisa Saint Martin, “4. Digital Financial Services”, in FINANCE IN AFRICA: for green, smart and inclusive private sector development‎[1], European Investment Bank, page 87:
      FinTech is the use of technological advances such as access to mobiles and the internet, cloud computing and artificial intelligence to offer a range of financial services online or via mobile phones. These services include digital payments (such as mobile money) and savings products, InsurTech and WealthTech (such as robo-advisors), digital lending through digital marketplaces, capital raising through crowdfunding, and market provisioning services such as digital identities and alternative credit scoring (Cambridge Centre for Alternative Finance (CCAF) et al., 2020).
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