According to a press release, Finantix is taking over InCube, a fintech company from Switzerland. InCube offers applications based on artificial intelligence (AI) and robotics, which aim to help financial institutes handle large amounts of data.
The press release states that Finantix, itself a company specializing in financial technology, hopes to use the acquisition to strengthen its presence on the Swiss market. The company is also gaining access to AI-based products with this. In the press release, Finantix highlights InCube’s “highly accredited team,” which includes graduates from the Swiss Federal Institute of Technology in Zurich (ETH) and the University of St. Gallen, among others.
Christine Ciriani, Chief Commercial Officer for Finantix, states: “This acquisition is a great fit as we share many values and have a common vision. First and foremost, a relentless focus on the need of our customers to leverage the growing amount of data available and the drive to transform this into actionable business insights.”
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