Boston Private Announces Participation in MassChallenge FinTech 2020
At Boston Private, we aim to foster a culture that doesn’t wait for innovation to happen elsewhere; innovation is core to who we are. That’s why we are so excited to partner with tech accelerator MassChallenge FinTech. We look forward to collaborating on innovative solutions for our clients.
Read more about our participation in MassChallenge FinTech below.
Boston Private: FinTech 2020 Startup Challenges
Written by Anthony DeChellis and Maura Almy
Headquartered in Boston with offices in Massachusetts, California, Florida and New York, Boston Private is a leading provider of fully integrated wealth management, trust, and commercial and private banking services. For more than 30 years, the firm has managed the complex financial needs of high-net-worth individuals and families, businesses, nonprofits and community partners.
At Boston Private, we strive to understand the deeper motivations of our clients – what drives them to work as hard as they do and what it is they’re looking to achieve with their wealth. We call it the “WHY of Wealth.” Understanding what our clients’ wealth is really for enables us to formulate custom strategies and solutions to help them achieve their goals for today and tomorrow. We know that the purpose of our work is to enable the ambitions of our clients.
WHY WE’VE PARTNERED WITH MASSCHALLENGE:
We pride ourselves on taking a holistic approach to clients’ needs, advising clients on both financial and non-financial decisions that help them to achieve their personal, family and business goals. By understanding clients’ deeper goals and motivations, not only are we able to tailor a better financial plan, but we are able to uncover new ways to help them achieve those goals and add value to their lives in ways previously unimaginable from a financial services provider. We are excited to partner with MassChallenge FinTech to help us deliver on our goal of reimagining the client experience in financial services – finding new and better ways to simplify our clients’ lives and ensuring we use the time they grant to us as efficiently and effectively as possible.
There has never been more innovation in banking than over the past few years. We can’t invent more time in the day, but we can create efficiency in delivering intelligence and wisdom, by tapping into the collective intelligence of our client community. This challenge is not about process efficiency, it is about imagining a technological way to deliver insights and collective knowledge, building a way for clients and our investor community to efficiently access data and expertise as they pursue their personal “WHY of wealth” outcomes.
How do we reimagine a client experience that clearly demonstrates that we are a forward-looking, solutions-centered firm, one focused on client outcomes and not products? How can we use client time better, in ways that actually free up time for them, by delivering content relevant to our community, faster than any other firm? Our aim is for clients to feel that no one uses their time better than we do, and we make access to intelligence and wisdom as simple as possible.
HOW WE’LL HELP STARTUPS GROW THEIR BUSINESSES:
By working with MassChallenge FinTech, we continue to foster a culture at Boston Private that doesn’t wait for innovation to happen elsewhere. Innovation is core to who we are, and we fully embrace it as part of our firm’s DNA. We are excited to bring our expertise and resources to fintech companies and work with them on innovative solutions that create a differentiated client experience in financial services and best serve the needs and desires of our clients. Together, let’s dream it, plan it and build it.