First wealth management as-a-service products for financial institutions
Bolsters Orange Business Services within financial services sector
Orange Business Services and Additiv, an expert in digital solutions for the financial market, have teamed up to offer digital wealth management as-a-service products to financial institutions. The cloud-based offerings will automate wealth management and address the strong growing demand for digital financial services from clients and the urgency to reduce operating costs by many financial institutions.
Additiv’s established wealth management products are now offered on a software-as-a-service (SaaS) platform. This means that the SaaS products can be easily plugged into financial institutions’ existing systems. Wealth management as-a-service products are based on Additiv’s fourth generation modular Digital Finance Suite (DFS 4.0), designed for the digitalization of new and existing business segments. The SaaS product offering contains out-of-the-box solutions, such as robo advisors, client and advisory dashboards and portfolio management solutions.
Automation: Shaping the future of wealth management
The innovative service addresses the financial industry’s requirements for hosting data off premise in the cloud, but onshore in the country of origin. This is achieved by leveraging Orange Business Services’ strong cloud, data storage, connectivity and cyberdefense capabilities at a global level.
Additiv’s wealth management as-a-service products offer a wide range of configuration possibilities to achieve a personalized experience. It will be rolled out in Europe, the Middle East, Africa and Asia Pacific relying on dedicated Orange cloud platforms.
Michael Stemmle, founder and CEO of Zurich-headquartered Additiv
Helmut Reisinger, CEO, Orange Business Services
Martin Kull, managing director, Orange Business Services Switzerland and sponsor of the Additiv partnership
Orange Group is already an established player in the financial services market. Orange Money, launched in 2008, links a mobile account to an Orange mobile number to meet the needs of customers in the Middle East and Africa where transactions are carried out in cash. Orange was the first mobile operator to launch contactless cash payments in Europe. In 2017, Orange Bank was launched in France.