Finantix Acquires Singaporean Fintech

Tom Burroughes, Group Editor, 20 March 2018


Acquisition of the Asian firm adds another string to Finantix's bow.

Financial technology house Finantix has bought smartfolios, a Singapore-based business creating quantitative-based investment tools suitable for digital wealth advisors.

The two firms will build a range of investment tools that, among other things, create robo-run portfolios that suit individual needs, fine-tune investments and analyse how investments perform.

The cost of the acquisition wasn’t disclosed.

Finantix provides end-to-end digital wealth advisory services and hybrid robo-advisory solutions to wealth managers, top tier private banks and insurers in more than 40 markets. In smartfolios’ case, it is described in a statement as a “quant-enabled advisory and investment platform providing investors access to superior investment portfolios and strategies”.

In October last year Finantix launched Finantix AI Gears for Wealth, a service including lead generation, automated client profiling and know-your-client, portfolio and financial planning optimisation, suitability and cross-border rule enforcement, next best action determination, news tagging and content personalisation.


Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes