Indosuez Wealth Management acquires a majority stake in Wealth Dynamix, a fintech specializing in client lifecycle management for private banks.
Effective today, Indosuez Wealth Management acquires 70 percent of Wealth Dynamix. The fintech offers client lifecycle management solutions for private banks and wealth managers, according to a statement Thursday.
The stake extends a collaboration launched in 2019 between Indosuez and its subsidiary Azqore, and Wealth Dynamix. With the support of Indosuez, Wealth Dynamix can accelerate its development and benefit from the Group's scale and stability, while maintaining its independence and agility.
Compliance Digitalization
Wealth Dynamix solutions are designed to contribute to operational efficiency and personalization of relationships between banks and clients with offerings such as 360-degree view, acquisition, onboarding, and KYC verification along with self-service offerings and the digitalization of regulatory compliance processes.
The acquisition strengthens Azqore's position in the outsourced banking services market and adds customer care to the platform. With the backing of Indosuez, the company can accelerate its innovation pace by integrating new technical capabilities, helping Azqore expand into new customer segments, including small and medium-sized market players.
Commenting on the transaction, Indosuez Wealth Management CEO Jacques Prost said the transaction «strengthens Indosuez's innovation momentum and will allow Azqore to broaden its offering and value proposition, increasing its attractiveness in the market. It will also benefit the development and transformation of all partners by enabling improved personalization, digitalization, and autonomy towards their customers.»
