This week on WealthTech Unwrapped, Ned speaks with Karan Shanmugarajah, CEO of WealthKernel. Join them as they discuss the WealthTech Eco-System and what it takes for a budding entrepreneur to get their foot in the door.

Karan believes that decision makers in both traditional and digital banking settings have typically relied on either outsourced banking providers for their books and records or utilized a white-label front-end platform. Decisions in these settings are often made by a collective group, which may extend beyond just the management.

In contrast, bankers and wealth managers are more adept at making well-informed technological decisions based on their specific needs, evaluating which APIs can best fulfill those requirements. Karan is optimistic about the future of technology in banking and wealth management, as he observes a growing acceptance of APIs, paving the way for positive changes and increased adoption in this sector.

Regarding his own business, Karan emphasizes that size isn’t the most crucial factor; rather, being recognized as the best at what it does holds more significance. He also acknowledges that a potential unforeseen competitor for any business could be the business itself.

Don’t miss this enlightening conversation, available exclusively on WealthTech Unwrapped!