Lex chats with Padman Perumal, CEO of Masttro. Masttro is a privately-held FinTech company that delivers a truly global wealth technology ecosystem to wealth owners and their trusted advisors. In this episode, they discuss the differences between wealth management, private banking, brokerage and banking, as well as the challenges of providing a consumer-grade digital experience for wealth management. Masttro serves ultra-high net worth clients to manage their complex investments by aggregating data from over 500 financial institutions and providing efficient tools to do so. The platform utilizes a range of technologies from document ingestion to character recognition and pattern learning to handle unstructured data.

MENTIONED IN THE CONVERSATION

Masttro's website: https://bit.ly/41b8PdE

Padman's LinkedIn profile: https://bit.ly/3KGPeLg

Topics: Fintech, wealth management, advisory, investment management, family office, institutional capital, banking, Private Banking

Companies: Masttro, JP Morgan, Credit Suisse, UBS, Hamilton Lane, KKR

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TIMESTAMPS

1’36”: Padman’s foundational experiences at Credit Suisse & J.P. Morgan, and how he found roles that touch transformation for these organizations

4’31”: The difference between wealth management, private banking, brokerage, and maybe banking generally, and what it’s like doing transformation at scale

11’15”: The failures of initiatives within big institutions from the outside vs the inside, and some examples

15’26”: Masttro - what it is, what it does, and where they are at the moment

21’31”: The core entities that Masttro connects to, and differentiation of business model to competitors

25’14”: The process of structuring unstructured data and how to indicate net worth over time

30’42”: Masttro’s business model both in terms of the immediate client and the end client, and what trends are Masttro noticing between different clients

36’47”: The impact and/or benefit of the proliferation of technology around asset classes

40’07”: Intergenerational Transfer - The trends supporting the transfer of wealth to people who expect different experiences

42’12”: The channels used to connect with Padman & learn more about Masttro

Disclaimer here — this newsletter does not provide investment advice and represents solely the views and opinions of FINTECH BLUEPRINT LTD.

Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella

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