Press Releases

21 September, 2023
CGS-CIMB Securities Malaysia Leverages Contemi’s NOVA Solution to Improve Service Delivery
CGS-CIMB Securities Malaysia Leverages Contemi’s NOVA Solution to Improve Service Delivery MEDIA RELEASE MALAYSIA, 21st SEPTEMBER 2023: CGS-CIMB Securities Sdn Bhd (CCS) has announced a technology upgrade to provide quicker and more reliable solutions for its clients, as it goes live with Nova, post-trade solution by Contemi. NOVA is a modular and highly configurable multi-market, -currency, -entity, and -asset class solution. The end-to-end trade confirmation and…
03 August, 2023
Contemi makes Strategic Hire for its Insurance Software Business with Nelius Strydom as Chief Product Officer
Contemi makes Strategic Hire for its Insurance Software Business with Nelius Strydom as Chief Product Officer 3rd August 2023, Global | Contemi Solutions, trusted technology solutions provider to insurance, asset & wealth management, banking & capital markets industries, is thrilled to announce the appointment of Nelius Strydom as Chief Product Officer. An accomplished professional with over 26 years of experience across financial services industry, Nelius has held several senior leadership…
16 September, 2022
Contemi appoints new Group CEO and Executive Chair
Contemi appoints new Group CEO and Executive Chair Contemi Solutions, a global financial services technology major, announces Daniel Thafvelin as the new Chief Executive Officer and Martin Frick as Executive Chair. Singapore, 16-09-2022. Contemi Solutions, a Singapore headquartered tech major with more than 60 global clients in the financial services and insurance industry, announced that Daniel Thafvelin has been appointed new CEO of the Contemi Group. An experienced business leader, Daniel…
01 July, 2022
Contemi Wins Best ‘Corporate Actions Solution’ Award at the Goodacre Systems in the City FinTech Awards 2022
Contemi Wins Best ‘Corporate Actions Solution’ Award at the Goodacre Systems in the City FinTech Awards 2022 Friday – July 1, 2022 – Contemi Solutions, a leading digital solutions provider to asset and wealth managers, insurers, banks, and brokers, announced that its Corporate Actions Solution was recognised winner, for the third time, at Goodacre Systems in the City FinTech Awards held in London yesterday. Last year Contemi launched a next-generation version of its multi-award-winning…
06 June, 2022
Contemi Wins Best ‘Family Office Solution’ and ‘CEO’ Award at WealthBriefingAsia Awards 2022
Contemi Wins Best ‘Family Office Solution’ and ‘CEO’ Award at WealthBriefingAsia Awards 2022 Monday – June 6, 2022 – Contemi Solutions, a leading digital solutions provider to asset and wealth managers, insurers, banks, and brokers, won two of this year’s WealthBriefing Asia Awards. Contemi’s data extraction and aggregation tool was awarded in the best ‘family office solution’ category. Contemi’s Chief Executive Officer Alexander Krefft was recognized as the WealthTech industry's top CEO. He…
14 October, 2021
Contemi Hires Head of Professional Services in Europe to Bolster Client Service
CONTEMI HIRES HEAD OF PROFESSIONAL SERVICES IN EUROPE TO BOLSTER CLIENT SERVICE Contemi Solutions, a leading IT solutions provider to insurers, wealth managers and brokers, has hired Nicholas Owen as Head of Professional Services for Europe. Based in the UK, Nicholas will be leading solutions delivery and customer services across all Contemi products in Europe, with a focus on building customer value and success in the region. Nicholas will report to Kean Williams, Executive Director Global…
06 October, 2021
Contemi Adds Financial Services Industry Veteran to Growing Team
Contemi Adds Financial Services Industry Veteran to Growing Team Contemi Solutions, a leading IT solutions provider to insurers, brokers, and wealth managers, has hired Bernie Biggs as Business Development Consultant in the UK. Bernie brings with him over 30 years of diverse leadership experience within the regulated wealth management and wider financial services sector. Bernie most recently worked with IMVS, a wealth management supplier in Birmingham, and previously worked at industry…
30 September, 2021
Contemi Solutions Wins Hat-Trick of WealthTech Asia Awards 2021
Contemi Solutions Wins Hat-Trick of WealthTech Asia Awards 2021 Contemi Solutions, a leading technology solutions provider to asset and wealth managers, insurers, banks, and brokers, has won three awards at the 2021 WealthTech Asia Awards, hosted by WealthBriefing. Contemi ‘Client Portal’ was crowned winner in the best ‘Client Communications Tool’, with Alexander Krefft, Contemi CEO being awarded the best ‘Regional Management Team/CEO’. Contemi ‘Client Onboarding Solution’ also gained…
07 September, 2021
Contemi Amongst World’s 100 Most Innovative AI Fintech Companies
Contemi Solutions Amongst World’s 100 Most Innovative AI Fintech Companies Contemi, a leading financial IT solutions provider, has been recognised by FinTech Global as one of the world’s 100 most innovative companies using artificial intelligence (AI) to transform financial services. FinTech Global- the world's leading provider of FinTech information services, has selected Contemi as a leading provider of technology solutions enabling improved efficiencies across insurance, private banking…
12 July, 2021
Contemi Further Bolsters Sales Team to Meet Demand - Hires Ex FIS & SmartStream Sales Leader in Hong Kong
Contemi Further Bolsters Sales Team to Meet Demand - Hires Ex FIS & SmartStream Sales Leader in Hong Kong Contemi Solutions, a specialist in financial services technology, has appointed Jenny Chen as Sales Director for Hong Kong, reporting to Executive Director, Global Head of Sales Gaurav Mehta in Singapore. Contemi is growing its team in response to increased demand for its modern IT solutions, much reflecting the industry, which has been spurred on by the need for wealth managers, brokers…
06 July, 2021
Contemi Hires Key VP of BBH and Clearstream to Lead Europe Expansion
Contemi Hires Key VP of BBH and Clearstream to Lead Europe Expansion Contemi Solutions, a specialist in financial services technology, has hired Nathalie Zeghmouli as European Sales Director to further cement Contemi’s presence and status in Europe. In her role, Nathalie will lead new business initiatives and organic growth throughout continental Europe with solutions developed to meet the demands of insurers, brokers and wealth managers in the region. Nathalie has been recruited as part of…
02 July, 2021
Contemi Scoops Further Fintech Industry Awards
Contemi Scoops Further FinTech Industry Awards Contemi Solutions, a specialist in financial services technology announced that two of its employees have received awards at the prestigious Goodacre UK Systems in The City Awards Financial Technology Awards 2021. Contemi’s Kean Williams, Executive Director for Global Operations, was awarded for business leadership, and Amrik Sanghera, Pre-Sales Director was recognised as product knowledge specialist, after receiving votes from Contemi clients and…
01 June, 2021
Contemi Appoints FinTech Veteran Martin Frick as Non-Executive Director
Contemi Appoints FinTech Veteran Martin Frick as Non-Executive Director Contemi Solutions, a leading financial services technology provider with presence across Asia, Australia and Europe today announced the appointment of Martin Frick as independent, non-executive director of the organisation. Most recently, Martin Frick was the Managing Director, Asia Pacific, at Temenos, where he oversaw running the P&L for 28 countries. Prior to his time at Temenos, Martin was the Managing Director of Asia…
04 May, 2021
Contemi in World’s 100 Most Innovative WealthTech Companies
Contemi in World’s 100 Most Innovative WealthTech Companies Contemi Solutions, a global software solutions provider to wealth management, insurance, and capital markets, is recognised among the world’s 100 most innovative WealthTech companies, for its Wealth Intelligence (WIN) offering to the wealth management market. Contemi's Wealth Intelligence (WIN) enables wealth management companies to increase automation across the entire value chain and unleash business growth. It provides them with…
15 April, 2021
Contemi Joins Managing General Agents’ Association to Empower MGAs With Its Digital Capabilities
Contemi Solutions Joins Managing General Agents’ Association To Empower MGAs With Its Digital Capabilities The membership will allow Contemi Solutions to provide MGAA members with latest technology and distribution solutions to help them deliver superior value to insurers, partners and policyholders. Contemi Solutions, a Global FinTech Company, has partnered with the Managing General Agents’ Association (MGAA), the UK based not for profit organisation, to help enhance the digital capabilities…
30 March, 2021
Contemi Announces The ‘Next Generation’ of Its Award-Winning Corporate Actions solution
Contemi Announces The ‘Next Generation’ Of Its Award-Winning Corporate Actions Solution Contemi Solutions, a global FinTech company, today announced the launch of the latest version of its Corporate Actions Processing solution, designed to significantly improve straight through processing (STP), future proof event processing and manage future resource requirements. 54% of the industry perceive Corporate Actions to be poorly automated in their own organisations Corporate actions have defied the…
18 March, 2021
Contemi Solutions Awarded Bronze Medal for Its Sustainability Efforts
Contemi Solutions Awarded Bronze Medal for Its Sustainability Efforts Contemi Solutions, a leading provider of software solutions to financial services companies, has been awarded a bronze medal for its Corporate Social Responsibility from EcoVadis, one of the world’s largest and most trusted providers for business sustainability ratings and assessments. This is the first time that Contemi Solutions submitted a report for evaluation and scored highest for its efforts in the ethics area. The…
09 March, 2021
Contemi Solutions Appoints Executive Board
Contemi Solutions Appoints Executive Board 9 March 2021 (Singapore): Contemi Solutions, a leading provider of software solutions to financial services companies, today announced the creation of the Contemi Executive Board (CEB). The company has appointed four of its leadership members to the Executive Board. The Executive Board is an important step in developing Contemi into a leader in IT solutions for financial services companies in Asia/APAC and Europe. The newly appointed Executive…
14 September, 2020
Contemi Solutions wins best corporate actions module award for second year in a row at 2020 Systems in the City Awards
Contemi Solutions Wins Best Corporate Actions Module Award For Second Year in a Row 14th September, 2020 - Contemi Solutions, the global supplier of modular technology solutions to asset & wealth management, capital markets and insurance industry, today announced that it received the ‘Best Corporate Actions Module’ award at the Goodacre 2020 Systems in the City Financial Technology Awards. This is the second year in a row that Contemi Corporate Actions Processing System has received this award…
01 September, 2020
Canaccord Genuity’s UK & Europe Capital Markets Division Extends Post-Trade Technology Contract With Contemi
Contemi Solutions Announces Extension of Contract With Canaccord Genuity’s UK & Europe Capital Markets Division 1 September, 2020: - Contemi Solutions, the global supplier of modular technology solutions to asset & wealth management, insurance and capital markets, has bolstered its relationship with Canaccord Genuity Group’s UK & Europe capital markets business, through the signing of a three-year contract extension for its post trade processing solution, NOVA. In addition to the contract…
18 August, 2020
Contemi Partners with GBG to Automate KYC, AML & Verification Processes for Its Onboarding Solution
Contemi Partners with GBG to Automate KYC, AML & Verification Processes for Its Onboarding Solution 18th August 2020, Contemi Solutions, a global fintech provider, today announced that it has partnered with GBG, a global specialist in Identity Data Intelligence, to fully integrate its Onboarding solution with GBG’s Identity Verification solution for automated KYC, AML and customer verification capabilities. GBG uses layered identity document verification and biometric checks to authenticate…
15 June, 2020
Contemi Solutions Recruits New Senior Solutions Consultant from Avaloq
Contemi Solutions Recruits New Senior Solutions Consultant from Avaloq Contemi Solutions, a leading technology provider to the global wealth management, insurance, capital markets and financial services community, today announced the appointment of Anup Srivastava as Senior Solutions Consultant to strengthen its wealthtech business operations and continue their Southeast Asia expansion. Anup will be leading the Pre-sales and Solutions Consulting functions in the SE Asia region. He will be…
03 June, 2020
Contemi Analytics Module Wins Most Innovative FinTech Solution Award at the Wealthbriefing Asia Awards 2020
Contemi Analytics Module Wins Most Innovative FinTech Solution Award at the Wealthbriefing Asia Awards 2020 3 June 2020: Contemi Solutions, the global technology provider to the wealth management, insurance, banking and financial services industry, announced today that its ‘Analytics’ module has been crowned ‘Most Innovative FinTech Solution’ at the prestigious Wealthbriefing Asia Awards 2020. Showcasing ‘best of breed’ providers in the global private banking, wealth management and trusted…
04 May, 2020
Contemi Continues SE Asia Expansion; Appoints New Sales Director
Contemi Continues SE Asia Expansion; Appoints New Sales Director Contemi Solutions, a leading technology provider to the global wealth management, insurance, banking and financial services community, today announced the appointment of Gaurav Mehta as the Director of Sales to continue the company’s rapid growth in the Southeast Asia region, which includes Malaysia, Singapore, Indonesia, Thailand, Vietnam, and the Philippines. Gaurav will be responsible for building out the Contemi business, brand…
29 April, 2020
Contemi Launches Its Client Portal Lite in Response to Resolving Client Communication Challenges Amid COVID-19
Contemi Launches Its Client Portal Lite in Response to Resolving Client Communication Challenges In response to the challenges that wealth managers and financial advisors face whilst trying to effectively communicate with their clients during the COVID-19 lockdown, Contemi Solutions announce the launch of a Lite version of their existing Client Portal, a module from the award winning Wealth Intelligence (WIN) platform. The solution provides a light touch, secure communication channel designed to…
27 April, 2020
Contemi Solutions & Blankstone Sington Collaborate to Service End Investors & Help The Environment Amid COVID-19 Pandemic
Contemi Solutions & Blankstone Sington Collaborate to Service End Investors & Help The Environment Amid COVID-19 Pandemic Contemi Solutions, the leading supplier of modular solutions to wealth management, banking and financial institutions across the globe, announced that its client, Blankstone Sington, has more than doubled end investor take up of their Client Portal. Contemi’s client portal, part of the Wealth Intelligence (WIN) Platform, is a functionally rich module for end-investors and…
09 April, 2020
Contemi Gets a New Managing Director in Vietnam to Lead Asia Development centre
Contemi Gets a New Managing Director in Vietnam to Lead Asia Development centre 9th April, 2020: Contemi Solutions, the global technology provider to the insurance, wealth management, banking and financial services industry, is pleased to announce the appointment of Pinky Bui as Managing Director (MD) to further bolster its Southeast Asia InsurTech business. Based in Contemi's Vietnam office, Pinky will be responsible for overseeing the strategic direction of company’s insurtech business…
24 March, 2020
Contemi Appoints Daniel Thafvelin to Lead Its Nordic Growth
Contemi Appoints Daniel Thafvelin to Lead Its Nordic Growth 24th March 2020: Contemi Solutions, the global technology provider to the wealth management, insurance, banking and financial services industry, today announced a new strategic appointment to strengthen its position in the Nordic region. Daniel Thafvelin steps into the newly created role of Commercial Director with the responsibility for developing new client relationships alongside focusing on new digital solution initiatives targeting…
05 February, 2020
Contemi Nominated in Onboarding Category for the WealthBriefing European Awards 2020
Contemi Nominated in the Onboarding Category for the WealthBriefing European Awards 2020 5th February 2020: Contemi Solutions, the global technology provider to the wealth management, insurance, banking and financial services industry, announced today that they have been shortlisted for the WealthBriefing European Awards 2020 in the 'Onboarding' solution category. Showcasing 'best of breed' providers in the global private banking, wealth management and trusted advisor communities, the…
31 October, 2019
Contemi Partners with NorthRow to accelerate client onboarding for their customers
Contemi Partners with NorthRow to accelerate client onboarding for their customers 31 October 2019: Contemi Solutions, the supplier of the Wealth Intelligence (WIN) family of modular solutions to wealth management, banking and financial institutions in the UK, today announced that they have partnered with NorthRow, a RegTech SaaS provider, to fully integrate their automated customer verification capabilities with Contemi’s Onboarding Platform. The integration between WIN and the NorthRow Advance…
15 October, 2019
Blankstone Sington Goes Live on Contemi Wealth Intelligence’s Allfunds Platform
Blankstone Sington Goes Live on Contemi Wealth Intelligence’s Allfunds Platform October 15, 2019 (UK) London: Contemi Solutions, the supplier of the Wealth Intelligence (WIN) family of modular solutions to wealth management, banking and financial institutions in the UK, in partnership with Allfunds, today announced that Blankstone Sington, an independent investment management and stockbroking firm based in Liverpool, has successfully implemented an automated gateway to Allfunds’ fund execution…
12 July, 2019
Contemi Wealth Intelligence team scooped a hat-trick of accolades at the 2019 Systems in the City Awards
Contemi’s Wealth Intelligence team scooped a hat-trick of accolades at the 2019 Systems in the City Awards The newly launched Corporate Actions Solution won “Best Corporate Actions System” Award. July 12, 2019 (UK) London: Contemi Solutions´ Wealth Intelligence team today announced that it won three awards at the 2019 Goodacre UK Systems in the City Financial Technology Awards in London yesterday. The first of the trio was the ‘Best Corporate Actions System’ award for Wealth Intelligence’s (WIN…
03 July, 2019
Contemi Announces Official Launch of their Corporate Actions Solution
Contemi Announces the Official Launch of their Corporate Actions Solution The newly launched Corporate Actions Solution won “Best Corporate Actions System” Award. July 3, 2019 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, banking and financial institutions across the globe, today announced the full launch of its Corporate Actions Solution. Already live with two pilot customers, the solution is designed not only to make corporate action processing cost…
10 April, 2019
Blankstone Sington Goes Live with Contemi Wealth Client Portal
Blankstone Sington Goes Live with Contemi’s Wealth Intelligence Client Portal April 10, 2019 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, banking and financial institutions across the globe, today announced that Blankstone Sington, an independent Investment Management and Stockbroking firm based in Liverpool, have successfully launched their Client Portal to end investors. The Client Portal is provided and hosted by Contemi as part of their Wealth…
10 April, 2019
Singapore Life selects Contemi´s Front Office Insurance Software Solutions
Singapore Life selects Contemi's Front Office Insurance Software Solutions Singapore Life is the newest fully licensed direct life insurer to be approved by the Monetary Authority of Singapore (MAS). They are also the first local insurer - that is, with no foreign partners - to be licensed since 1970. In April 2017, Singapore Life raised US$50 million (S$69 million) - the largest ever by a Singapore-based InsurTech company - in its series A funding round. It had the support of international…
08 April, 2019
Walker Crips Commits to Contemi Wealth Intelligence Platform
Walker Crips Commits to Contemi Solutions Wealth Intelligence (WIN) Platform April 8, 2019 (UK): Contemi Solutions today announced that Walker Crips Investment Management Limited, a leading Investment Management firm in the UK, has committed to their Wealth Intelligence (WIN) platform by signing a new contract with the technology firm. Walker Crips has been a client of Contemi Wealth for over 20 years and this contract gives them access to new modules for Wealth Management including the stand…
21 December, 2018
Triple P capital acquires Contemi Solutions- A leading insurance technology provider
Triple P capital acquires insurance IT provider Contemi Singapore, 21 December 2018 – Singapore-based Triple P Capital, an expert impact investor in Southeast Asian financial services, today announced that it has fully acquired the Contemi Group; an insurance IT solutions provider which chiefly operates in Asia and Scandinavia. A Partner in Triple P Capital, Allan Pedersen, explained that his firm’s entry into the insurance IT market and acquisition of Contemi, given the rapid growth and…
21 September, 2018
Contemi announces Official Launch of Wealth Intelligence Platform
Contemi Europe announces the Official Launch of their Modular Wealth Intelligence (WIN) Platform September 21, 2018 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, banking and financial institutions across the globe, announced the official full launch of its Wealth Intelligence (WIN) platform at their Annual Wealth Management Conference in London yesterday. The WIN platform, designed with the user in mind, offers integrated, front-to-back office…
10 September, 2018
Meridian Asset Management Selects Contemi´s Wealth Intelligence Platform
Meridian Asset Management Selects Contemi’s Wealth Intelligence Platform September 10, 2018 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, insurance and financial institutions across the globe, announced that Meridian Asset Management (C.I.) Ltd, an independent asset manager based in Jersey, have selected its Wealth Intelligence (WIN) platform for their core Investment Management and Asset Administration activities. Having launched their Wealth…
13 July, 2018
Contemi Wealth Team Celebrates Quintuple Win at 2018 Systems in The City Awards
Contemi Wealth Intelligence Team Celebrates Quintuple Win at the 2018 Systems in The City FinTech Awards July 13, 2018 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, banking and financial institutions across the globe, is celebrating unprecedented success after their Wealth Intelligence team scooped quintuple award success on Thursday at the Systems in the City Financial Technology Awards in London. An unrivalled four individual accolades were given to…
06 March, 2018
Contemi launches modular Wealth Management Solution- Wealth Intelligence
Contemi Solutions launches modular Wealth Intelligence (WIN) Solution Highlighting new features, technology enhancements and elevated UX March 6, 2018 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, banking and financial institutions across the globe, announced the launch of Wealth Intelligence (WIN) platform with new modules and incorporating many of its award-winning wealth management solutions. The new brand re-enforces the strategic objectives of the…
16 January, 2018
Contemi Wealth Management Solution Goes Live on Amazon Web Services (AWS)
Contemi Europe’s Award-Winning Wealth Management Solution Goes Live on Amazon Web Services (AWS) January 16, 2018 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, banking and financial institutions across the globe, announced that they selected Amazon Web Services (AWS) as their public cloud provider. The company’s award winning* wealth management solution is now live on AWS to provide a more seamless, efficient, and secure platform to its customers. Kean…
17 November, 2017
Singapore based My-insurer collaborates with Contemi Solutions to build insurance wallet mobile application
Singapore based My-insurer collaborates with Contemi Solutions to build insurance wallet mobile application My-insurer, a Singapore-based insurance technology (InsurTech) start-up, has officially launched its insurance wallet application, which serves both intermediaries and policyholders. The app was formally launched at the InsurByte 2017 forum, held on September 26 at the Lattice80 fintech hub, Robinson Road. According to my-insurer, the mobile platform, developed in co-operation with Contemi…
25 October, 2017
Contemi Partners with UnaVista For MiFID II Transaction Reporting
Contemi Europe Partners with UnaVista For MiFID II Transaction Reporting October 25, 2017 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, insurance and financial institutions across the globe, announces a partnership agreement with the London Stock Exchange’s UnaVista as part of their ongoing MiFID II compliance. MiFID II enforces additional transparency with the objective to create an integrated financial market in which investors are effectively…
17 July, 2017
Contemi Wealth Analytics Module wins "Best Innovation" Award at the 2017 Systems in The City Awards
Contemi’s Wealth Intelligence Analytics Module wins "Best Innovation" Award at the 2017 Systems in The City Awards July 17, 2017 (UK): Contemi Solutions wealth intelligence team wins two accolades at the Systems in the City Awards in London – ‘Best Innovative Solution’, and their Global Head of Pre-Sales, Ms. Suman Rao, won the award for ‘Best Product Manager’ in the industry. The awards are managed by Goodacre UK, the leading specialist consultancy for the financial services industry, and…
11 May, 2017
Hargreave Hale goes live on Contemi MiFID II Solution
Hargreave Hale goes live on Contemi Europe’s MiFID II solution May 11, 2017 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, insurance, stockbroking and financial institutions across the globe, announced that Hargreave Hale have recently progressed with the implementation of their MiFID II solution. With the deadline for MiFID II compliance rapidly approaching (3rd January 2018), Hargreave Hale has demonstrated its commitment to its customers and the…
20 September, 2016
Contemi´s Wealth Management Solution Supports Hargreave Hale Growth
Contemi Wealth Intelligence supports Hargreave Hale growth September 20, 2016 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, banking and financial institutions across the globe, announced that its client, Hargreave Hale, have implemented the full suite of their Wealth Management technology, assisting them to surpass the £6bn AuM level as a result of strong organic growth. Working with technology partner Contemi, they have developed a suite of investment…
15 June, 2016
Contemi Solutions Launches MiFID II Solution for Wealth Managers
Contemi Europe Launches a Comprehensive MiFID II Solution for Wealth Managers June 16, 2016 (UK): Contemi Solutions, the leading supplier of modular solutions to wealth management, banking and financial institutions across the globe, today announced the launch of their MiFID II solution that enables customers to comply with the regulatory requirements, and build a new business operating model to gain competitive advantage in the industry. The financial industry is facing several challenges in…