BridgeFT, a leading provider of cloud-native, API-first wealth infrastructure software, has been honored with the prestigious 2024 Global Tech Award in the WealthTech category. This recognition underscores the company’s significant contributions to the wealth management industry and its role in driving technological innovation.
The Global Tech Awards, an annual program that celebrates outstanding achievements in technology across various sectors, selected BridgeFT as the only winner in the WealthTech category. This distinction highlights the company’s unique position in the market and its commitment to transforming wealth management through advanced technology solutions.
BridgeFT’s WealthTech-as-a-Service platform has been recognized for its ability to accelerate, simplify, and reduce the cost of wealth management application development and maintenance. This innovative approach allows financial institutions, fintech companies, and registered investment advisors to focus on their core competencies while leveraging BridgeFT’s robust infrastructure.
The company’s API-first platform has demonstrated remarkable efficiency, enabling users to achieve a 50-75% faster time to market and significant cost reductions compared to internal builds or alternative data integration options. This level of performance improvement is crucial in an industry where speed and cost-effectiveness can provide a substantial competitive advantage.
Joe Stensland, Chief Executive Officer of BridgeFT, expressed pride in the company’s achievement, stating, ‘We are honored to receive the 2024 Global Tech Award alongside companies and individuals pushing the boundaries of innovation across numerous industries.’ He emphasized BridgeFT’s commitment to being a true technology enabler for clients, facilitating access to critical total wealth data from various sources, including custodians, back offices, alternatives, and held-away assets.
The Global Tech Awards evaluated entries based on four key criteria: design, impact, creativity, and ease of use. BridgeFT’s success in this rigorous assessment process further validates the effectiveness and user-friendliness of its WealthTech-as-a-Service platform.
This latest accolade adds to a growing list of recognitions for BridgeFT, including a Wealthies Award in 2023 from WealthManagement.com in the Industry Disruptors category, multiple awards from the WealthTech Americas Awards, and the title of Data Warehouse Solution Provider of the Year in the Data Breakthrough Awards. These honors reflect the company’s consistent innovation and impact in the wealth management technology sector.
The significance of BridgeFT’s award extends beyond the company itself, signaling a broader trend in the wealth management industry towards more efficient, data-driven, and technologically advanced solutions. As financial services continue to evolve, platforms like BridgeFT’s are likely to play an increasingly critical role in shaping the future of wealth management and financial technology.
For wealth management firms, financial institutions, and fintech innovators, BridgeFT’s recognition in the Global Tech Awards serves as a strong indicator of the platform’s potential to drive growth and innovation. The company’s ability to provide high-quality total wealth data, advanced analytics, and efficient application building blocks positions it as a valuable partner for organizations looking to enhance their technological capabilities and market competitiveness.
As the wealth management industry continues to navigate technological advancements and changing client expectations, BridgeFT’s award-winning platform stands out as a beacon of innovation, promising to shape the future of WealthTech and empower financial professionals to deliver superior outcomes for their clients.
This news story relied on a press release distributed by News Direct. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is BridgeFT Recognized as Top WealthTech Innovator in 2024 Global Tech Awards.