Swiss fintech Finnova has integrated the robo adviser of True Wealth into its platform and signed up its first customer for the new solution.
Finnova and True Wealth have entered a product partnership, whereby the True Wealth solution will be offered as part of the banking IT platform, Finnova said in a statement on Tuesday. The first bank to offer its customers access to the True Wealth product is Regiobank Solothurn.
«The standard integration of the solution into the Finnova banking software provides banks with easy access to digital asset management,» said Christoph Erb, head of business development at True Wealth.
Growth Booster for True Wealth
The digital asset management solution is designed to appeal to a digitally savvy clientele. The tool is intended to be adapted easily to individual needs, both for a classic wealth management customer but also for a wide spectrum of clients with innovative investment opportunities, Finnova said.
True Wealth had one of the first robo advisers on offer in Switzerland. The company was founded in 2013 by Felix Niederer and Oliver Herren. At the end of last year, the company reached the milestone of 100 million Swiss francs ($100 million) in assets under management.
The deal with Finnova may help it accelerate the rate of growth further.
