investify TECH and aixigo strengthen Sopra Financial Technology
Published: 09.09.2020 | By investify
investify TECH and aixigo are now working together as a consortium to strengthen Sopra Financial Technology’s (SFT) range of services in the securities 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 securities business. For Sopra Financial Technology (SFT), the consortium will in the future provide state-of-the-art distribution and settlement routes for investment advice and end-to-end solutions for asset management based on its wealth management and regulatory platform. In addition, the consortium will also develop special applications, such as Riester routes.
„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 fierce 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 so that they are always able to flexibly and quickly provide new customer experiences via the API. This means that every bank is maximally prepared to provide the right answers to the rapidly growing demands of the market.“
CBO, aixigo AG
The consortium’s investment solutions will be used in the retail and private banking segment with SFT clients.
„We see in the market that the demands regarding the user experience in the securities business continue to increase. Today, clients no longer tolerate bad processes. At the same time, the demands regarding 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 in recent 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, which will now also apply this expertise with its clients. It is also of interest to our consortium that SFT intends to grow further in Germany and Europe. More and more institutions will thus have the opportunity to use our innovative investment and regulatory solutions in the future.“
Dr. Harald Brock
Managing director, investify TECH
With the expanded scope of services, SFT can cover the entire needs of banks in the investment business in a customer-centric manner and thus significantly expand its previous range of services. The new scope of functions will significantly strengthen the personal advisory services and the increasingly important online business of SFT’s clients.
Éric Guyot, Managing Director of Sopra Financial Technology, continues: “What convinced us about the consortium consisting of investify and aixigo was that we can draw on a fully comprehensive, highly innovative range of services for the investment business. This allows us to cover the different needs of our demanding clients with proven solutions.”
About the consortium aixigo & investify TECH
The consortium has a long-standing understanding of the needs of different banks (groups) and extensive experience in the digitisation of the securities business. With the complementary product range of the consortium, different requirements and goals of banks can be addressed. Together, the two companies offer a total of more than 100 services and functions for a wide range of customer experiences that fully cover the high demands of the market. investify and aixigo both rely on an innovative modular platform approach.
investify TECH positions itself as an innovative financial technology and regulatory provider that consistently and effectively digitalises the investment business of its B2B partners. Customer 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.
aixigo was founded in Aachen in 1999 and employs a total of 140 people. Customers of aixigo include BNP Paribas, Commerzbank, Hargreaves Lansdown, Targobank and Vontobel. aixigo was awarded the Banking IT Innovation Award by the University of St. Gallen, Switzerland, and the German Innovation Award by the German Parliament and German Industry.
About Sopra Financial Technology
Sopra Financial Technology is attacking 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, service and support for online banking, apps, sales solutions, construction financing 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 the 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. The group leads the digital transformation of businesses worldwide with more than 46,000 employees. In 2019, Sopra Steria Group’s revenue was €4.4 billion.
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