HERNDON, Va.--(BUSINESS WIRE)--Skience, a leading financial services solution and consulting provider, today announced its integration with CapitalROCK’s RightBRIDGE Best Interest Validation System in addition to gaining several industry awards and wealth management clients during the third quarter. Skience’s growth is largely attributed to its demonstrable commitment to helping wealth management firms optimize the way they do business and elevate the experiences they offer.
The integration with RightBRIDGE’s business intelligence engine, which determines the best interest status of proposed rollovers, account types, and products, is another step Skience has taken toward allowing firms of all sizes to easily integrate Regulation Best Interest into their workflow process with a click of a button. RightBRIDGE utilizes a scoring engine and ReasonText™ that explains why a recommendation fits a client’s needs and the licensing firm’s best interest requirements. As a result of the integration, this data can be used to update Skience records and be leveraged by Skience’s suitability checks as Skience’s client and household data will be prefilled into RightBRIDGE.
“We are thrilled to add this powerful integration to our arsenal as part of our commitment to reinventing the way that advisors work,” said Sanjeev Kumar, Skience Co-Founder and Chief Executive Officer. “We have greatly built up our compliance capabilities over the last few years and the RightBRIDGE integration will make it much easier for advisors to meet their Reg BI standards.”
Also this quarter, Skience was recognized in September for its expertise within the wealth management industry as demonstrated by the firm’s participation in Advisor Circle’s first annual FintechX Demo Drop. There, Senior Vice President of Sales Nick Thacker demoed Skience Surveillance, a tool that allows firms to define approval and exception workflows that align with internal policies and adapts as industry regulations change. This came directly on the heels of Skience earning the CRM Technology Provider award at this year’s WealthManagement Industry Awards. Additionally, Kumar was on stage at Salesforce Dreamforce where he shared an in-depth case study involving Skience helping the wealth management division of a large U.S. bank accelerate its digital transformation.
“The recognition that we’ve received over this last quarter validates our team’s hard work in creating comprehensive regtech and fintech solutions so that advisors can spend more of their time working with clients,” said Skience President and Chief Operating Officer Marc Butler. “We’re honored to add such a respected partner with CapitalROCK and are confident that our solutions will provide wealth management firms with vital efficiencies to enhance the client experience they deliver.”
For more information, visit the Skience website or join the upcoming Skience Fair featuring RightBRIDGE on December 7, 2022, at 2:00 pm EST. Click here to register.
About Skience
Skience delivers innovative digital strategies and solutions that transform businesses. Skience offers consulting services and an award-winning integrated platform that provides wealth management firms and RIAs with an efficient way to unify their technology, increase back-office and advisor productivity, and set the stage for a great client experience. The Skience platform features a streamlined, end-to-end client onboarding and new account opening experience, deep integrations with leading custodial and clearing firms, compliance features, and daily data consolidation. Skience received a 2022 and 2020 Technology Provider award from WealthManagement.com, a 2020 American Business Awards® Silver Stevie® award for fintech solutions, and was a Northern Virginia Technology Council Tech 100 honoree in 2019 and 2020.
Visit Skience.com to learn more.
About CapitalROCK
CapitalROCK, the makers of RightBRIDGE, provides financial services firms with a powerful and configurable rules engine to determine and document the suitability or best interest status of proposed rollovers, account types and products.
Many of the country’s largest Independent, Bank and Insurance broker-dealers rely on RightBRIDGE systems to help them meet their compliance and documentation obligations for regulations like Reg BI, Reg 187 and the DOL’s PTE 2020-02. Each RightBRIDGE deployment is configured for the licensing broker-dealer’s specific products, policies, and compliance requirements. Each analysis is accompanied by CapitalROCK’s exclusive ReasonText™. ReasonText™ is automatically generated, client and recommendation specific text that documents why or why not a proposed action meets the licensing broker-dealers best interest requirements.
Visit CapitalRock.com
