At a glance:
Aachen, Cologne, Wasserbillig, September 2020 – As a consortium, aixigo and investify TECH are now strengthening Sopra Financial Technology's (SFT) range of services in the wealth management business with innovative software solutions. Both companies have a long-standing understanding of the needs of different banks (groups) and extensive experience in the digitalisation of the wealth management business. The consortium will provide Sopra Financial Technology (SFT) with state-of-the-art sales and processing lines for investment advice and end-to-end solutions for asset management based on aixigo's Wealth Management Platform. The consortium will also develop special applications, such as Riester lines.
"Customers' demands for digital services and information are constantly growing. If financial service providers want to get two minutes of attention per day, they are in tough competition. And they are not only competing with companies in their industry, but also with social media. And that's why they need superior technology that enables them to flexibly and quickly deliver new service experiences via API at any time. This means that every bank is optimally prepared to provide the right answers to the rapidly growing demands of the market," says Christian Friedrich, CBO of aixigo AG.
The consortium's investment solutions will be used by SFT customers in the retail and private banking segment.
"We observe in the market that the demands regarding user experience in the wealth management business are constantly increasing. Today, customers no longer tolerate poor processes. Simultaneously, the demands regarding an efficient mapping of the strict MiFID requirements are becoming ever higher – from investment advice to asset management. This is precisely where we have built up excellent expertise over the last few years and created a unique platform. With our solutions, we can significantly minimise the regulatory burden and improve compliance. We are pleased to have gained a strong partner in Sopra Financial Technology, who will now leverage this expertise for its customers. It is also of interest to our consortium that SFT intends to continue to grow in Germany and Europe. More and more institutions will thus have the opportunity to use our innovative investment and regulatory solutions in the future", says Dr. Harald Brock, CEO of investify SA.
With the extended scope of services, SFT will be able to cover the entire needs of banks in the investment business in a customer-centric manner and thereby significantly expand its range of services. With the new scope of functions, personal advice and the increasingly important online business of SFT's customers will be significantly strengthened.
Éric Guyot, Managing Director of Sopra Financial Technology, continues: "What convinced us about the consortium consisting of aixigo and investify was that we can rely on a fully comprehensive, highly innovative range of services for the investment business. This enables us to cover the different needs of our demanding customers with proven solutions".
The consortium members have a long-standing understanding of the needs of different banks (groups) and extensive experience in the digitalisation of the wealth management business. With the complementary product range offered by the consortium, different requirements and needs of banks can be addressed. Together, both companies offer a total of more than 100 services for a wide range of "customer experiences" that fully meet the high demands of the market. Both, investify and aixigo rely on an innovative modular platform approach.
Sopra Financial Technology tackles the German and European banking market as an innovative and experienced Banking Platform as a Service (BPaaS) provider. Sopra Financial Technology also covers all relevant areas of the digital banking business: from conception and software development, to provision and operation, to service and support for online banking, apps, sales solutions, mortgage lending and self-service systems. Sopra Financial Technology was founded in 1983 under the name Sparda-Datenverarbeitung eG and has been the central IT service provider for Sparda banks ever since. Today 7 Sparda-Banks are among its customers. With the entry of the French company Sopra Steria SA, it has been part of the Sopra Steria Group as Sopra Financial Technology GmbH since August 2019. With more than 46,000 employees, the group leads the digital transformation of companies worldwide. In 2019 the turnover of the Sopra Steria Group was 4.4 billion euros.
investify TECH positions itself as an innovative financial and regulatory technology provider that consistently and effectively digitises the investment business of its B2B partners. Its client groups include banks and insurance companies, but also non-financials such as media houses and technology companies. The investify iP3 Platform significantly improves sales and can also take over all relevant regulated and unregulated processes efficiently and securely, thereby reducing costs. This creates significant added value for B2B partners of different sizes and orientations.