Specialist research firm Fintech Global has released its annual WealthTech100 list, which recognizes the 100 most innovative wealthtech companies in the world. This year, 13 Swiss companies made the list.

Over the past four years, the global wealthtech industry has witnessed significant growth with funding going towards companies in the space skyrocketing from US$2.8 billion in 2016 to over US$7.8 billion in 2019, according to Fintech Global.

In Switzerland, given the country’s long history in wealth, the sector has boomed, with now more than 300 tech providers serving the Swiss and Liechtenstein wealth and asset management sector, among which more than 170 Swiss companies, according to a report released earlier this month by the Wealth Mosaic. The figure showcases that the Swiss wealthtech and related sectors are growing healthily.

The 100 wealthtech companies that made the 2020 WealthTech100 list were selected by a panel of analysts and industry experts from a list of over 1,200 companies produced by Fintech Global. These 100 companies are recognized for their innovative use of technology to solve industry problems, generate cost savings, or improve efficiency.

The 13 Swiss wealthtech companies that made the 2020 WealthTech100 list are:

3^rd-eyes Analytics, which provides banks, insurance companies, and asset and wealth managers with fully automated wealth planning and goal-based investing software;

Aaaccell, which applies artificial intelligence/machine learning (AI/ML) for risk and asset management;Additiv , a provider in the field of digitalization of wealth managers;

Adviscent , the provider of NaviPlan, a leading software-as-a-service (SaaS) financial planning platform;

AlgoTrader, which provides institutional quantitative trading solutions including the newly launched Wireswarm order and execution management platform for digital and tokenized assets;

Appway, the creator of an award-winning software suite that covers the entire client lifecycle management: prospecting, onboarding, KYC and customer due diligence, client update and maintenance, and regulatory and periodic reviews, and more;Avaloq , a recognized leader in core banking, digital banking and digital wealth management software and services;

Expersoft Systems, the developer of the award-winning PM1 solution designed to digitally transform the end-to-end operations of customers with a modular, configurable approach spanning portfolio management, regulations and compliance, order management, client management, report production, digital banking, and much more;

Finhorizon, which provides an investment platform called fairvalues that enables financial service providers to individually serve clients, independent from their assets under management (AUM);

Integration Alpha, which builds platforms that leverage big data and containerization technology for data-driven insights for the financial services industry;

ONE PM, which offers cloud based, API-driven holistic financial services, including comprehensive asset and Portfolio management solutions;

Sanostro, a provider of quantitative investment insights;

Taxdone, which allows users to declare their Swiss taxes online in 20 minutes.