InvestSuite and Synechron team up to digitise wealth management

10 September 2020 Consultancy.eu

Fast growing Belgian fintech InvestSuite has inked a partnership with Synechron, a leading global consulting firm.

Both companies have an exclusive focus on the financial services sector, and expect the partnership to better position their services towards their respective client base, as well as joint clients. Founded in 2001, Synechron is with over 8,000 employees one of the world’s larger consulting and technology firms to the industry. 

Meanwhile, InvestSuite is still a start-up with less than two years of experience under its belt, however, its vision of helping the wealth management industry digitise legacy operations is much welcomed, fuelling the firm’s stellar growth. Today, InvestSuite operates in 7 countries, and with the backing of investors that have pumped €6 million into the firm, it has set its sights on further growth. 

“We aim to expand our market reach and products, grow the team and bring unparalleled innovations to customers around the globe,” said CEO and co-founder Bart Vanhaeren after bagging a seed extension round led by PMV in April this year.

InvestSuite and Synechron team up to digitise wealth management

This is where the partnership with Synechron comes in. As part of the cooperation, InvestSuite will be able to leverage the consulting firm’s international client network in among others the US, Europe, the Middle East, Asia and Oceania “to support our expansion efforts in those regions” said Chris Eichhorn, responsible for Business Development at the fintech. 

Synechron will also serve as a trusted integration partner to help deploy InvestSuite’s digital solutions. These focus on the asset and wealth management sector, which historically has been slow to adopting new technologies, but facing a new world of customers, partners and competitors, their perspective is now changing. 

“Due to increased regulation, lower profitability and a challenging macro-economic climate, growing competition from new players and more demanding digital-native customers, wealth management providers are accelerating their digital transformation,” explained Vanhaeren. 

InvestSuite’s portfolio consists of solutions for roboadvisory & self-execution trading (SelfInvestor), a quantitative portfolio optimisation (Optimizer) and portfolio reporting (StoryTeller). Using APIs, the solutions can be plugged into an existing ICT infrastructure relatively easily, leading to fast time to markets and lower investment costs compared to mainstream legacy solutions. 

Innovation

Additionally, the newly-wed partners will merge their minds to collaborate on research & development and product innovation. This element of the partnership will be led by Synechron’s award-winning Financial Innovation Labs (‘FinLabs’), which previously launched a set of Accelerator Programs specifically aimed at the wealth management sector.

Dennis Martens from Synechron said: “We are excited to work together with InvestSuite on joint innovative wealthtech solutions for our clients. We are already experiencing the first benefits of our partnership and look forward to more joint innovations and growth opportunities to come.” 

InvestSuite’s Chris Eichhorn added: “Synechron is an ideal partner for us due to their dedicated focus on financial services, vast consulting and integration expertise as well as deep industry contacts.”