Modern Wealthtech for complex balance sheets, with Masttro CEO Padman Perumal

Lex chats with Padman Perumal, CEO of Masttro. Masttro is a
privately-held FinTech company that delivers a truly global
wealth technology ecosystem to wealth owners and their trusted
advisors. In this episode, they discuss the differences between
wealth management, private banking, brokerage and banking, as
well as the challenges of providing a consumer-grade digital
experience for wealth management. Masttro serves ultra-high net
worth clients to manage their complex investments by aggregating
data from over 500 financial institutions and providing efficient
tools to do so. The platform utilizes a range of technologies
from document ingestion to character recognition and pattern
learning to handle unstructured data.


 


MENTIONED IN THE CONVERSATION


 


Masttro's website: https://bit.ly/41b8PdE


Padman's LinkedIn profile: https://bit.ly/3KGPeLg


 


Topics: Fintech, wealth management, advisory, investment
management, family office, institutional capital, banking,
Private Banking


 


Companies: Masttro, JP Morgan, Credit Suisse, UBS, Hamilton Lane,
KKR


 


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Twitter: https://twitter.com/LexSokolin


 


 


TIMESTAMPS


 


1’36”: Padman’s foundational experiences at Credit Suisse &
J.P. Morgan, and how he found roles that touch transformation for
these organizations


 


4’31”: The difference between wealth management, private banking,
brokerage, and maybe banking generally, and what it’s like doing
transformation at scale


 


11’15”: The failures of initiatives within big institutions from
the outside vs the inside, and some examples


 


15’26”: Masttro - what it is, what it does, and where they are at
the moment


 


21’31”: The core entities that Masttro connects to, and
differentiation of business model to competitors


 


25’14”: The process of structuring unstructured data and how to
indicate net worth over time


 


30’42”: Masttro’s business model both in terms of the immediate
client and the end client, and what trends are Masttro noticing
between different clients


 


36’47”: The impact and/or benefit of the proliferation of
technology around asset classes


 


40’07”: Intergenerational Transfer - The trends supporting the
transfer of wealth to people who expect different experiences


 


42’12”: The channels used to connect with Padman & learn more
about Masttro


Disclaimer here — this newsletter does not provide investment
advice and represents solely the views and opinions of FINTECH
BLUEPRINT LTD.


Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella


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