Indosuez Wealth Management acquires a majority stake in Wealth Dynamix
Indosuez Wealth Management acquires a majority stake in Wealth Dynamix, a fintech specialising in client relationship management for private banks.
Indosuez Wealth Management acquired 70% of Wealth Dynamics Ltd, a fintech founded in 2012 that provides Client Lifecycle Management solutions to private banks, and wealth management and asset management firms worldwide. This acquisition of a majority stake is an extension of the collaboration initiated in 2019 between Indosuez, its subsidiary Azqore, which specialises in the outsourcing of Information Systems and the processing of banking operations for private banking and wealth management players, and Wealth Dynamix.
The solutions developed by Wealth Dynamix reinforce the quality of the service offered by the user institutions by contributing to the operational efficiency and personalisation of the relationship between the banker and its client (360-degree vision, prospecting, onboarding, KYC review, etc.), the promotion of self-service and the digitalisation of regulatory compliance processes. This acquisition strengthens Azqore’s position in the outsourced banking services’ market while complementing its platform in a key area of client relationship management. It will also enable the company to accelerate its innovation dynamic with the integration of new technical skills and to benefit from the agility of this profitable fintech. Through the synergies and added value created, this acquisition will help Azqore to expand into new client segments, including small and medium-sized players.
For further information please visit: www.wealth-dynamix.co
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