Masttro – Leading Technology Trends in Family Enterprise Transformation
Overview
Having Been Described as a Next-Generation Platform that Includes Machine Learning, Artificial Intelligence and Advancements in Cybersecurity, What Technology Trends does Masttro See for the Next 5 Years?
Masttro has stated they will help advance the industry with new capabilities that offer greater automation and efficiency and increased client privacy and confidentiality for family offices. From Masttro’s innovative lens, which advancements will be the leading technology trends in family enterprise transformation? How will these changes benefit family offices? And how should family offices plan for these changes?
Insights and Key Takeaways
Founded in 2010, Masttro is a privately held wealth management technology company providing an integrated platform for family office enterprises. Masttro serves both single and multi-family offices and financial services institutions across 24 countries.
Padman Perumal, CEO of Masttro Americas, asserts that the wealth management industry has evolved enormously with the help of technology, but says there’s room for growth in expedience and automation. He shares four tech trends to empower and enable family offices through their technology journey:
Data analytics – Data is truly an asset with real ROI. Data strategy, architecture and quality is a critical foundation to business. Using data in a meaningful way makes a positive impact on revenue. Your data must be high quality, and the architecture of your data must be efficient and effective. If you can’t access your data, or you have too many data tools and processes, you will have to depend on others for data, which is costly and inefficient. As well, your staff must have the skill set to mine and manage the data.