View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 2, 2020updated 23 Jun 2020 9:35am

Wealth Dynamix and Azqore extend partnership

By Patrick Brusnahan

Client Lifecycle Management (CLM) solutions firm Wealth Dynamix and wealth management core banking platform provider Azqore have extended their partnership.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International