Orange Business Services has partnered with Additiv, a digital finance provider, to offer digital wealth management services to financial institutions.
Cloud-based, it will provide automated wealth management, while addressing the demand for digital financial services and the need for financial institutions to reduce operating costs.
The service hosts data off premise in the cloud, but still onshore in the country of origin by using Orange Business Services’ cloud, data storage, connectivity, and cyber defence capabilities globally. The product will be available in Europe, the Middle East, Africa and Asia Pacific. Additiv’s wealth management products are now offered on a software-as-a-service (SaaS) platform, meaning SaaS products can be easily plugged into financial institutions’ existing systems.
Michael Stemmle, founder and chief executive of Additiv, said: “By partnering with Orange Business Services we can provide financial institutions with a fast and highly-secure way of tapping into this new market opportunity, while improving the end-client experience and reducing operating costs.
“Through the joint platform, customers have access to Additiv’s Digital Finance Suite, including its global ecosystem partners, such as Saxo Bank that offers client administration, execution and custody services with access to 35,000 financial instruments across eight asset classes.”
Orange Business Services, the B2B branch of the Orange Group has 22,000 employees and its customers include over 3,000 renowned multinational corporations at an international level and over two million professionals, companies and local communities in France.
Founded in 1998, Additiv has offices in Switzerland and Singapore and development centres in Romania and Ukraine.