The Emergence of WealthTech: An Opportunity for Islamic Banking?

The paper explores disruptive innovation in the wealth and asset management arena where a new intelligent digital ecosystem is reinventing the rules. The manuscript sheds light on the evolution of the financial sector and expounds on the development of financial technologies, with special attention paid to the various conceptual models related to wealth and asset management. The models describe the Fintech and WealthTech arenas as complex adaptive systems. Authors also investigate the mindset by which WealthTech ventures create, deliver, and capture value—whether such value is economic, social, cultural, or of any other form. Online wealth management was studied via case studies. The conclusion explores the researcher’s agenda on WealthTech.