Additiv, an expert in digital solutions for the financial market, has teamed up with Orange Business Services to offer automated digital wealth management-as-a-service products to financial institutions.The cloud-based offering addresses the need for automated automate wealth management and reduces operating costs for its customers. At the moment, Additiv’s products are offered on a software-as-a-service (SaaS) platform, which is easily plugged into financial institutions’ existing systems.
Additiv is on its fourth generation modular Digital Finance Suite (DFS 4.0), designed for the digitalization of new and existing business segments, on which its wealth management-as-a-service products are based. The SaaS product includes robo advisors, client and advisory dashboards and portfolio management solutions.
Additiv will leverage Orange Business Services’ strong cloud, data storage, connectivity and cyberdefense capabilities to offer a quality cloud-based product in Europe, the Middle East, Africa and Asia Pacific.
Michael Stemmle, founder and CEO of Additiv, commented:
“By partnering with Orange Business Services we can provide financial institutions with a fast and highly-secure way of tapping into this new market opportunity while improving the end-client experience and reducing operating costs. Through the joint platform, customers have access to Additiv’s Digital Finance Suite, including its global ecosystem partners, such as Saxo Bank that offers client administration, execution and custody services with access to 35,000 financial instruments across eight asset classes.”
Helmut Reisinger, Chief Executive Officer of Orange Business Services, said:
“Our highly-secure cloud platform is providing Additiv with a smart and efficient way for financial institutions to plug in a game-changing range of products and map the entire data journey to provide valuable customer insight. It will make digital wealth management easier and more convenient, which will undoubtedly broaden the appeal of wealth management,” said
Orange Group entered the financial services market through Orange Money, launched in 2008, to link mobile accounts to Orange mobile numbers. The mobile operator has also launched contactless cash payments in Europe and, in 2017, it established Orange Bank in France.
