Finantix Acquires InCube to Include AI-Powered Solutions

Finantix has acquired InCube to incorporate Artificial Intelligence AI-Powered Solutions and offerings which have been developed by an interdisciplinary team of machine learning specialists, quant and software engineers, and finance experts.

Earlier this year, the leading global provider of trusted technology to the wealth management, insurance, and banking industries, added two new executives to its senior-level leadership team in the UK and Singapore. The firm appointed Michael Gantenbein and Gareth Williams to serve as the Account Delivery Director in Singapore and Business Development Director in the United Kingdom, respectively. The hiring is aimed at building out local teams in key locations to support closer relationships with clients.

Alessandro Tonchia, Co-Founder and Head of Strategy at Finantix, said: “InCube has outstanding functionalities in wealth management and insurance, which are a perfect fit for the Finantix portfolio. Combining the front office and client engagement capabilities of Finantix with the AI and quant engines of InCube will enable wealth managers and insurers to address two critical areas. First, accelerating the distribution of market views, model portfolios and investment ideas from the Chief Investment Officer to advisers and clients. Second, providing personalized and compliant client recommendations and experiences at scale. Excellence in both processes, delivered through a digital collaboration environment, is especially critical in the current circumstances. In the increasingly data-driven world of financial services, deep expertise in machine learning and advanced analytics, together with a strong understanding of the business challenges they can be applied to, will be key. Finantix will keep investing, organically and inorganically, in this field.”

Boris Rankov, Co-founder and Partner of InCube Group AG, said: “AI and data analytics have an increasingly important role to play across all areas of financial services to generate actionable insights and compliant recommendations. We are delighted that our expertise in AI and Finantix’s expertise in banking technology can come together to benefit customers. We believe our offering marries well with Finantix’s integrated digital client engagement and hybrid advisory platform and are excited to bring this to our clients and collectively to the market.”

According to a recent Forrester report, wealth and investment management firms have been increasing their focus on digital technologies and seek ways to leverage these to improve the customer experience as well as increase productivity for their advisors. The extensive portfolio of Finantix offerings has been developed with this in mind, combined with teams on the ground that can provide local expertise, knowledge, and client support.