Additiv and Orange Business Services, a subsidiary of the French telecommunications firm Orange, are partnering to offer digital wealth management products on a software-as-a-service (SaaS) platform.
The products are based on a digital banking solution developed by the Zurich-based fintech company Additiv and will be offered on dedicated Orange cloud platforms. The cloud-based offerings will automate wealth management and address the growing demand for digital financial services from clients while reducing the operating costs of financial institutions, according to a joint statement.
The SaaS products can be easily plugged into a financial institution’s existing systems. As they are modular, they can also be adapted to the individual needs of each institution.
“By partnering with Orange Business Services we can provide financial institutions with a fast and highly-secure way of tapping into this new market opportunity, while improving the end-client experience and reducing operating costs,” said Michael Stemmle, Additiv CEO.
The two partners will launch the SaaS products in Europe, the Middle East, Africa and Asia Pacific.
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