BITA Risk signs Charles Stanley as first ‘BITA ESG Manager’ client

ESG - Environmental Social Governance

London, February 2021 – BITA Risk, part of corfinancial, announces that Charles Stanley, one of the UK’s leading wealth management firms, has signed up for the BITA ESG Manager application.

BITA Risk built its reputation on taking complex risk and portfolio data and making it highly accessible within its efficient portfolio management applications. Now it has applied this approach to ESG (Environmental, Social and Governance) investment, automating many manual steps through exception management and integrating key data as part of the client profiling and investment processes.

Charles Stanley’s COO, Michael Bennett, commented: “BITA ESG Manager has taken the complexity of ESG factor data and presented it with such clarity that it can be efficiently managed and monitored across large numbers of our clients, forming an integral part of our investment strategy.”

Charles Stanley’s investment managers will benefit from detailed visualisations, helping them to understand exposures, check preference conflicts and assess the impact of ESG-driven changes on risk, yield and return.

Daryl Roxburgh, President and Global Head, BITA Risk: “Recognising a client’s ESG preferences and understanding asset exposures are key to effective portfolio management and analysis. Using exception management to identify any conflicts is the most efficient way of keeping a portfolio within mandate and this, together with innovative client reporting, is how BITA ESG Manager can manage the process with flexibility and on the scale required by Charles Stanley.”

corfinancial partners with data engineering specialists Digiterre

December 2020 – corfinancial, a leading provider of specialist software and services to the financial services sector, announces today that it is collaborating with Digiterre, a software and data engineering consultancy, to build the Environmental, Social and Governance (ESG) functionality for its BITA Wealth platform.

Ian Murrin, CEO and Founder, Digiterre, said: “We are delighted to collaborate with corfinancial to help build a technology solution for investment managers who increasingly demand the integration of ESG factors into their investment processes. We look forward to providing advanced software and data engineering services to complement corfinancial’s deep domain knowledge and expertise in investment management. The end result is products that are both technically proficient and transformative in nature.”

corfinancial has been significantly investing in its flagship solutions in recent years, acknowledging that the software world needs niche firms like Digiterre with cutting edge skillsets that can help place a product ahead of the changing market demand.

Bruce Hobson, CEO, corfinancial, said: “Digiterre’s specialist data transformation skills and our understanding of what wealth management firms require in order to reduce manual processing and improve the client experience is a powerful combination. We look forward to further projects with Digiterre to ensure that our products are forward-looking and best-in-class.”

corfinancial inks partnership with technology consultancy F2 Strategy

Trading finance software

Boston, June 22, 2020 – corfinancial, a leading provider of specialist software and services to the financial services sector, reports that it has hired wealth management consultancy F2 Strategy.


The agreement will further enhance the functionality and market penetration of corfinancial’s wealth management business, BITA Risk.

 

With client AUM in excess of US$200bn, BITA Risk is a leading provider of integrated private client suitability profiling, portfolio and ESG management, risk and monitoring applications in the HNW and UHNW sectors. The software gives managers freedom within a framework to construct and manage portfolios in the context of risk, policy and mandate, so they achieve suitability whilst delivering control and transparency to management.

Based in California, F2 Strategy is a technology consultancy that addresses the widening gap between expectations of affluent clients and their wealth management experience. Staffed by former executives from top-rated wealth firms and family offices, F2 Strategy provides technology roadmaps, innovative digital client interactions and the automation of investment and operational processes. The company was founded by accomplished veteran wealth CTO Doug Fritz.

 

“As strategic advisor to the BITA Risk business, our first objective is to shed light on the potential automation of Regulation 9 compliance – an area where bank trusts have been underserved by technology for decades. BITA Risk brings a way of making the Reg 9 process far more streamlined through a powerful exception management engine,” said Doug Fritz. “Our second objective is to communicate the value of ESG management to wealth management firms that are trying to address client demand in this area and to differentiate.“

 

Daryl Roxburgh, President and Global Head, BITA Risk: “Doug and his team are renowned globally for their expertise in making technology work better for wealth managers and improving the client experience for their investors. Their unique thought leadership and extensive network will be vital to us as BITA Risk continues to make significant inroads within the wealth management arena.”

The four ESG tech traps

ESG - Investing Traps

Daryl Roxburgh, President and Global Head of BITA Risk, outlines the four main ESG-related technology challenges facing the unwary wealth manager.

BITA Risk Intelligence-WealthBriefing Four ESG Tech Traps

BITA Risk wins Best Compliance Solution at Family Wealth Report Awards in New York

Best Compliance Solution - Award Winner 2020
FamilyWealthReport - Best Compliance Solution Award - Winner 2020

BITA Risk, part of corfinancial (a leading provider of specialist software and services to the financial services sector), announces today that it has triumphed at the Seventh Annual Family Wealth Report Awards, winning the prestigious Best Compliance Solution Award.

Showcasing best-of-breed providers in the global private banking, wealth management and trusted advisor communities, the awards were designed to recognize companies, teams and individuals which the prestigious panel of judges deemed to have demonstrated innovation and excellence during 2019.

The judging panel commented: ‘Built to help educate the client on risk, the winner elevates risk management to a science.’

Commenting on the firm’s triumph, Daryl Roxburgh, President and Global Head: BITA Risk said: “In these difficult and complicated times, it is great to have our passion for doing things right in client risk profiling, suitability and on-going risk management recognized and to have won against major players in the US market. Our belief that the client and advisor must share a common understanding of risk is key to the success over the last 17 years of our risk profiling and suitability compliance solutions. This is known by our clients and now recognized by the FWR judges – well done team BITA!”

ClearView Financial Media’s CEO and Publisher of WealthBriefing, Stephen Harris, was first to extend his congratulations to all the winners. He said: “The firms who triumphed in these awards are all worthy winners, and I would like to extend my heartiest congratulations. These awards were judged solely on the basis of entrants submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, not quantitative performance metrics. That is a unique, and I believe, compelling feature. These awards recognize the very best operators in the private client industry, with independence, integrity and genuine insight the watchwords of the judging process – such that the awards truly reflect excellence in wealth management.”