Pascal Financial has partnered with Privé Technologies to license the financial technology infrastructure behind Privé’s platform.
The platform is used by nearly 75 financial institutions in Europe and Asia. It is set to be integrated with Pascal’s user experience and client engagement and management modules.
Over the last 18 months, Pascal’s chief technology officer Taylan Pince, the app developer behind Robinhood, has been leading the technology team.
The digital platform hopes to be an easy and intuitive interface that utilises discovery- based learning. It aims to reduce admin time by up to 50%, bulletproof compliance and enable advisers to focus on being wealth management experts and relationship managers to their clients.
Pascal president Fotios Saratsiotis said: “We spent nearly two years vetting wealth management platforms around the globe to find the financial technology that we could integrate into our purpose-built digital adviser platform and Privé stood out from all its competitors.
“This is a proven technology, used by some of the world’s leading financial institutions, including Credit Suisse. We’re going to leverage it to change the game for independent advisers and wealth management firms.”
Pascal CEO Frances Zomer said: “Privé’s financial technology enables Pascal to deliver effective digital solutions to clients in the MFDA, IIROC and MGA channels.
“Our team of proven financial industry leaders understands the challenges facing advisers and firms and our partnership with Privé will enable us to deliver the tools they need to succeed in a time of digital disruption.”
Privé chairman and co-founder Charles Wong said: “We’re excited to partner with Pascal to bring our technology to the North American market.
“With Pascal’s world-class UX, workflow management, CRM, client engagement, onboarding, intelligent adviser dashboard and client portal, we’re taking digital wealth management to the next level.”
