Technology
Finantix Acquires Singaporean Fintech

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.