Client Lifecycle Management (CLM) solutions firm Wealth Dynamix and wealth management core banking platform provider Azqore have extended their partnership.
As a result, Azqore will integrate the Wealth Dynamix WDX1 CLM solution into its S2i open core banking solution.
Furthermore, customers will be provided with fully functional front to back office workflows and process automation. It is also enriched with a fully flexible front office solution that can be tailored to maximise revenues and engagement.
This follows a successful initial joint project designed to ensure compliance, increase operational efficiency and optimise cost-income ratio.
Antony Bream, MD – EMEA and Americas at Wealth Dynamix, said: “Both Wealth Dynamix and Azqore have long-established roots in wealth management and are ideally positioned to meet the specific core banking, compliance and client servicing needs of this sector.
“Our partnership simplifies the technology stack, removes key man dependency and significantly reduces cost within wealth management operations. By offering a single, unified solution that spans the entire front to back office, customers can focus on client service and business development instead of being distracted by complex, disjointed technology integrations that fail to deliver best practice.”
Sébastien Buchard, chief sales officer at Azqore, added: “Rather than developing CLM capabilities in-house, in response to specific regulatory or customer requirements, and keeping the same principle of high investments mutualisation into one integrated platform for multiple banks, we chose to partner with Wealth Dynamix whose ten-year experience in wealth management CLM is indisputable.
“By integrating WDX1 into S2i, Azqore is creating a unique, secure and unified platform fully covering the needs, from front to back office, of wealth management and private banking firms. This partnership puts us at the forefront of innovation to address the entire breadth of clients’ needs in the evolving world of wealth management.”
Azqore is an independent subsidiary of Credit Agricole Indosuez Wealth Management and 20% owned by Capgemini.