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March 6, 2019

Financeware purchases wealth tech provider QUODD

Financeware, a fintech platform serving the wealth management industry, has acquired QUODD Financial Information Services, a financial market data and information analysis tools provider for the wealth management space.

Financial terms of the transaction were not disclosed.

Financeware CEO Kevin Rafferty said: “At Financeware we are committed to expanding our portfolio of offerings to provide innovative solutions to the wealth management industry at an attractive price point.

“QUODD’s ability to deliver easy-to-integrate, cost-effective market data solutions makes them a perfect fit for our strategy.”

QUODD aggregates market data from various exchanges in North America.

The data offering of QUODD can be directly integrated into existing business apps.

Under the latest agreement, QUODD will be integrated with the data offering of Financeware unit VMS.

The combination is said to provide the wealth management sector a range of data solutions across different asset classes and delivery channels.

QUODD president Dennis Cassidy said: “Not only will we be delivering direct data feeds to our clients, we will also offer a normalised data feed across all asset classes.

“In addition, as part of our future initiatives, we will be expanding into global markets, allowing us to provide our clients with an even wider choice of products and services from a broader array of vendors.”

Read next:

Top 5 Lessons Private Banks Can Learn From Fintech


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