Wealthtech FNZ snaps up private banking tech provider New Access

Wealthtech FNZ has acquired Swiss private banking technology company NewAccess for a private amount to build an end-to-end wealth management platform.

Wealthtech FNZ gets new access

New Access operates primarily in Switzerland, Liechtenstein and Luxembourg, and these three “cross-border wealth centers” are the key to globally delivering and managing client wealth, FNZ said. increase.

New Access offers a scalable, modular “core-to-digital” banking technology suite designed to meet the specific requirements of the private banking and wealth management industry.

According to FNZ, this acquisition will enable wealth managers to offer personalized services and wealth products that private banks with legacy technology may struggle to offer.

Adrian Durham, CEO of the FNZ Group, said the two companies “open up wealth, allow everyone to generate wealth through personal investment, and in line with what they care most about in their terms.” He states that he has a vision of.

Vincent Jeunet, CEO of NewAccess, added that the deal will allow the company to “reduce operational complexity” while “focusing on the customer experience.”

FNZ claims to manage over $ 1.5 trillion in client assets on the platform for over 20 million clients worldwide.

In February, the company secured $ 1.4 billion in new funding from CPP Investments and Motive Partners to accelerate its expansion plans.