SaaS provider additiv has launched its Wealth Solution Builder, a new platform enabling banks and financial institutions to create their own solutions.

Wealth Solution Builder allows financial institutions to build unique functionality and client journeys at speed. based on additiv’s DFS system of intelligence, the product offers access to a growing API catalogue.

Furthermore, IT teams can access front-end code libraries and samples, data integration methods, test data sets, postman collections, and much more. Institutions can build this in-house with a ready foundation and wide range of components

Michael Stemmle, CEO and founder at additiv, said: WA bank’s IT system is its shop front. With the advent of digitalization, wealth clients are now continually exposed to a bank’s IT capabilities and so having a tailorable, intelligent system is essential. It has never been more important to ensure that bank systems can adapt quickly and easily to a client‘s evolving needs. With Wealth Solution Builder these needs can be met when building inhouse.”

Yann Kudelski, head of product management at additiv, added: “Wealth Solution Builder allows IT teams within financial institutions to remain autonomous, but avoids the lengthy and costly process of building the foundational elements of an end-to-end wealth management system.

“Developers can now configure their system and rapidly build their own wealth applications. For a headstart, they can turn to our extensive range of builder tools, including front-end blueprints of our Hybrid Wealth Manager product, rather than start completely from scratch or use these for inspiration. Plus, with our microservices architecture, FIs can cut the services and client journeys as small as needed; there really is no end to how tailored they can make their system.”

In June 2020, additiv appointed Kevin Hardy to head its Asia operations.

Hardy, a former managing director at BlackRock and Northern Trust, will now be based out of Singapore.

Most recently, he was managing director, head of Singapore, and head of ETF and index investments in APAC for BlackRock. Hardy succeeds Dario Bernasconi, who returns to his role as group head of operations and partners.