New Industry Tools That Could Change the Way You Do Business

Times have changed for financial advisors. The advent of new technology has made it possible for independent advisors and smaller houses to compete with larger firms, and for larger firms to have a global reach. Keeping up with that technology can be a challenge — but it’s vital for any financial advisor who wants to stay competitive. Today’s clients want savvy, responsive financial advisors who are comfortable with technology. Fortunately, new industry tools are easy to use and integrate to provide top-level customer service and performance. “You don’t have a shot if you’re not organized,” says Jason Lara, director of sales and strategy at Ebix. Here are some new industry tools that can change the way you do business. Client Management Being able to manage your clients through scheduling and CRM platforms, as well as provide them excellent advice through market research tools, are among the biggest benefits of using …

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The Benefits of Integrated Technology for Financial Advisors

The evolution of technology has made it possible for independent financial advisors to compete with large houses, but no matter the size of your operation, you’ll need to keep up with technology to improve. Understanding the benefits of the technology available will help you embrace innovation whether you’re an independent broker-dealer or part of a larger house. “If you don’t adapt, you’re gone,” says Jason Lara, director of sales and strategy at Ebix. Here are some of the benefits of having centralized, integrated technology at your organization. Improved Communication Whether it’s inside the office or directly with clients, communication can improve remarkably with integrated technology. “Intra-office communication is a big piece,” Lara says. “The ability for advisors, assistants and managers to access data on the fly and communicate wherever and whenever you need keeps everyone on the same page.” Integrated technology makes it possible for everyone to stay in touch …

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MVP: Startups vs. Mature Products

At Ebix we strive for agility, flexibility, and rapid iteration. Focusing on speed to market first, we then collect feedback and make needed adjustments to our products and services. These agile methods and DevOps are central to delivering a minimal viable product (MVP). Ebix’s use of this contextual concept is surprising to some. They do not realize that we operate with a startup mentality despite having been in the insurance software industry for decades. The notion that MVP is reserved exclusively for startups is a common industry misconception. In reality, businesses with established products can use MVP too, though the application is a slightly different. MVP: Startups vs. Mature Products MVP emphasizes simple feature lists, building products in iterative cycles, and communicating with customers early in product development. MVP, along with Agile and DevOps, may seem like unrelated concepts, but they’re not. For example, for DevOps you need to have …

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10 Ways to Get Your Employees to Embrace New Technology

You have spent months, maybe even years, researching, determining and introducing a new technology or software into your business. New technology and tools can increase productivity, boost sales, and help you make better, faster decisions for your organisation. While you are probably aware of the many benefits bringing a new technology into the company, you may not be aware of the challenge that often lies ahead: getting your employees on board. It’s no secret that people like routine. It’s comfortable, gives people direction and requires minimal thought. This can make it challenging to get employees to embrace new technology, but it doesn’t have to be. As well, there is currently a huge focus on user experience and intuitive interfaces. While this may be common among everyday apps and simple software, enterprise software is often complex because of the detailed functions it is required to perform. It is not uncommon for …

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Biometrics on the Rise

Fingerprint and retinal scans have moved from the realm of science fiction into everyday consumer and corporate security, and even more rigorous biometric options are on the way, experts say. Deloitte Global says more than a billion mobile devices will rely on fingerprint technology for access this year. New tech makes it possible to authenticate in less invasive ways, improving security across the board. “Behavioral and biometric authentication will make passwords obsolete, sooner than you might think,” says David Vergara, head of global product marketing at VASCO Data Security. “The death of static passwords is no surprise: They’re easily hacked or stolen, they’re hard to remember and they’re often reused from one site to another, maximizing the impact of breaches.” Here’s what you need to know about the role of biometrics. What Can It Be Used For? Biometrics can provide a high level of controlled access to physical places, such …

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