CH & Co. bolsters CLM offering with Wealth Dynamix alliance

20 October 2020 3 min. read

International financial services consultancy Chappuis Halder & Co. has signed an alliance with Wealth Dynamix, adding to its ecosystem of technology partnerships.

Swiss-origin Chappuis Halder & Co (CH & Co.) advises clients in the financial services industry on a range of topics, including business transformation, finance & risk, regulatory & compliance, cybersecurity, benchmarking and advanced analytics. Its clients span many of the top brands in retail and wholesale banking, insurance, wealth management and fintech. 

The partnership with Wealth Dynamix bolsters its private banking and wealth management offering with a digital solution that can help its clients streamline their client lifecycle management (CLM) processes. This process spans the lifetime of the client, from initial onboarding, to KYC/AML compliance, to client data management, KYC reviews and all the way through to offboarding. 

CH & Co. bolsters CLM offering with Wealth Dynamix alliance

Against a backdrop of mounting expectations from customers, as well as regulatory pressures, client lifecycle management has become a strategic priority for wealth managers. Focus in particular is being placed on the KYC/AML compliance phase, which comes with a large workload to institutions, and more importantly, with a huge reputation and financial risk cost in the case of non-compliance.

Chappuis Halder & Co has been advising clients on client lifecycle management since its inception in 2009, and in 2018, the consultancy started working with Wealth Dynamix to offer a combined consulting plus technology offering. Kicked off with a joint CLM transformation for a European headquartered global bank, the partnership has gone from strength to strength. 

Fast forward two years and multiple joint engagements, Chappuis Halder & Co. and Wealth Dynamix have now formalised their collaboration. “The formalisation builds upon an already solid and proven foundation of collaboration. Together, we will deliver enterprise-scale digital transformation and change management projects that have CLM as a core requirement,” said Olivier Garcia, Managing Partner at Chappuis Halder & Co.

Wealth Dynamix’s platform, known as WDX1, is an award-winning CLM solution that helps wealth management companies run the entire end-to-end process from a single unified platform. Its capabilities span the entire client lifecycle, including client acquisition, client engagement, digital onboarding, regulatory compliance, relationship management, and ongoing client servicing.

“WDX1 is incredibly helpful for customers looking to streamline regulatory compliance processes, remove manual administration from client lifecycle management tasks, and achieve a step change in client service,” said Garcia, who joined the consultancy four years ago.

Antony Bream, Managing Director EMEA and Americas at Wealth Dynamix, welcomed the partnership, stating: “We are delighted to be working with Chappuis Halder & Co. – a firm that excels in digital transformation projects in the financial services industry.” 

As per the alliance, Chappuis Halder & Co. has included the WDX1 platform into its offering across its eight offices globally; in Paris, Geneva, London, New York, Montreal, Hong Kong, Singapore and Budapest.