Skience Adds Best Interest Validation System RightBRIDGE

Skience’s wealth management solutions are enjoying increased demand this quarter following its showcase at Future Proof which will be accelerated by its RightBRIDGE integration

Skience, a leading financial services solution and consulting provider, 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.

“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.”

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.

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“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.

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“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.”