Additiv and Orange Business Services in juicy wealthtech hook-up
European robo-advisor Additiv its leveraging is relationship with Orange Business Services to make its cloud-based digital wealth management technology available to banks and other FIs, reports David Penn at Finovate.
Contains Additiv
Offered as a Software-as-a-Service (SaaS) solution, Additiv’s wealth management as-a-service technology features out-of-the-box solutions including robo-advisory, portfolio management, and client and advisory dashboards.
Additiv CEO and founder Michael Stemmle says the joint platform will give FIs access to the company’s digital financial suite, as well as its ecosystem of partners who offer a range of additional services including client administration, execution and custody services with access to 35,000 FIs across eight asset classes.
The new solution will be introduced in Europe, the Middle East, Africa, and the Asia Pacific on dedicated Orange cloud platforms.
Orange Business Services is the B2B division of the Orange Group, the first mobile operator to make contactless cash payments available in Europe. The company launched its Orange Money solution in 2008, linking a mobile account with an Orange mobile number to support the cash needs of customers in the Middle East and Africa. Last year, the Orange Group launched Orange Bank in France.
Headquartered in Zurich, Switzerland, and founded in 1998, Additiv has more than 15 existing deployments of its technology.
Additiv has also raised $21 million in funding courtesy of an investment from Switzerland’s BZ Bank last spring.
