Milan, 21 March 2002 – Finantix, the leading provider of wealth management and e-finance multi-channel solutions, has reinforced its strategic partnership with Temenos, the global leader in back-end solutions designed for the financial world. According to the agreement, Temenos invested 3 million euro to acquire a minority capital share. Finantix will use this investment to boost its international growth.
Major financial institutions, such as Credit Suisse, have already profited from the integration of OneWealth, Finantix's Wealth Management and financial CRM suite and GLOBUS, Temenos' back-end system. This new step in the partnership will further strengthen the potential of joint offering and collaboration.
Finantix was established in 1991 under the company name of INFOservice and develops innovative, complete and multi-channel software solutions for wealth management and e-finance, with a broad range of functionalities that extend from financial planning to CRM, from asset allocation up to advanced and innovative tools designed for trading, personalized management of the investments portfolio and of financial information.
Finantix is a dynamic company, headquartered in Italy, that comprises a team of more than 100 professionals, in Europe and in the United States, able to support financial institutions in the development of efficient and winning multi-channel wealth management strategies thanks to its professionalism and experience.
Temenos is the global leader in back-end solutions that assure the financial world to achieve a growth in productivity and profits, as well as to respond quickly and effectively to the changing of market needs. The Company is listed on the Swiss Stock Exchange (TEMN), has is headquartered in Geneva; it has offices in 28 countries and more than 300 clients in more than 76 countries.
“A first important objective has been achieved thanks to the agreement with Temenos”, declared Alessandro Tonchia, Strategies Manager, Finantix: “enabling the financial world to rely on a complete, personalized, modular and flexible end-to-end suite, which allows to optimise the Return on Investment and to contain operating charges”.
"Our partnership with Finantix has enabled us to expand our Globus offering and to strengthen our position in Wealth and Asset Management as
well as Private Banking by providing a truly end-to-end solution for these business areas", declared Soren Mortensen, Vice President, Product Strategy
and Acquisitions, Temenos. We strongly believe in the solutions offered by our partner and in the enormous business opportunities that can be
generated by the collaboration between our two companies"
The agreement with Temenos comes within the framework of the new strategy implemented by Finantix, also highlighted by the recent change in company name, designed to focus increasingly on the financial world to fully meet the needs and seize every opportunity that this market can produce. Thanks to the in-depth knowledge of the sector, Finantix assures financial institutions have the possibility of offering higher value added services and strengthening relationships with Customers.
About Finantix
Finantix (formerly INFOservice) is a software company with deep expertise in designing, developing and delivering complete solutions for wealth management and e-finance. Finantix supports financial institutions in winning the challenges of today's market with OneWealth, a proven suite of financial modules. Designed to empower client relationships and interactions, retain long-term clients and capture new investors, OneWealth provides - over multiple channels - relationship managers and clients with comprehensive functionality ranging from personal financial planning and CRM to personalized management of financial content and innovative trading and portfolio management. OneWealth is entirely based on J2EE standards and components. This allows high flexibility, scalability and reusability and consequently guarantees excellent returns on investment with minimal cost of ownership. Finantix was founded in 1991 and currently employs over 100 experienced professionals. The company has offices in Milan, Venice, Helsinki, London, Munich and Los Angeles.
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