BetaNXT, a wealth management technology provider, has invested in AI to bolster its product innovations across the wealth management sector. 

The artificial intelligence investment will go toward boosting the company’s advisors, investors, and operations teams, BetaNXT said. 

The innovation will center on four segments: data aggregation, business intelligence, predictive analytics, and workflow automation. 

BetaNXT aims to integrate its new AI-backed capabilities into its product suite over the next twelve months, in addition to the AI-backed programs that are already underway. 

“BetaNXT is on a mission to help our clients accelerate their modernization and innovation efforts,” Don Henderson, CTO of BetaNXT, said. “As a partner to many leading asset and wealth management firms, we are advancing the industry’s adoption of AI through strategic applications where we see the greatest opportunities for impact.” 

The company will use AI to streamline the processing of complex information, with the goal of eliminating issues caused by “disparate sources, unstructured data, and manual errors.” 

This innovation comes after BetaNXT rolled out the second phase of DataXChange, a data architecture platform, which is designed to streamline data for wealth management firms.  

The platform was initially launched last September and is powered by Snowflake’s AI Data Cloud. 

In June, the wealth tech firm partnered with New York-based broker-dealer and alternative trading system Provable Markets to provide “real-time” integrated solutions for clients through its platform.