Finantix acquires Asian fintech start-up smartfolios

KUALA LUMPUR: Finantix, a global provider of enterprise solutions in WealthTech, InsurTech and RegTech, has acquired smartfolios, the creators of quant-enabled investment tools to add wealth management capabilities to its digital platform.

With the acquisition, Finantix is set to combine its enterprisegrade technology and its recently launched AI offering with smartfolios quantitative analysis solutions to deliver a peerless digital wealth management platform with a unique breadth of features and real-time thematic-style analytics.

Together, Finantix and smartfolios will harness the power of quantitative analysis to provide an engine that covers the full range of investment processes, including strategy building, house view distribution, robo- personalised portfolios, advanced analytics and continuous portfolio fine tuning.

The technology will support an extensive product taxonomy and provide real-time thematic-style analysis.

“The addition of smartfolios will add a critical quantitative analysis element to our well-established digital wealth offering,” said cofounder and director of Finantix, Ralf Emmerich, in a statement.

“This acquisition will extend our coverage and support for key actors like CIOs and investment strategists, and provide a solid foundation for strategic roboadvisory initiatives that do not follow a low- end formula,” he added.