Four best practices to solve the compliance challenges of robo advisors and digital wealth management solutions, by Apiax

In this whitepaper, we show the urgent need for wealth managers to work with machine-readable regulations.We argue that machine-readable regulations are an integral part of digital wealth management solutions and that they are becoming increasingly important.

We propose that digital regulations allow wealth managers not only to give compliant investment advice, but also to expand business activity effortlessly and to offer value-added investment services. 

The key benefit of machine-readable regulations is their unmatched flex-ibility. Wealth managers can work with exactly the regulations they need to offer their services and unlock additional regulatory coverage, if the need arrives, at the click of a button. 

We show the industry best practices that allow wealth managers to fully reap the benefits of digital regulations and argue that they should start small and expand later, set up a future-proof system architecture, work with API-first companies and prepare for true straight-through processing.