British-based FNZ is acquiring Appway, a Swiss fintech which has worked with a major Swiss bank.
Appway, which provides digital solutions for banks to onboard and advise clients, is selling to FNZ, a British-based firm, the two companies said in a statement on Tuesday. They didn't disclose financial details of the deal.
Part of the deal is for Appway founder-CEO Hanspeter Wolf (pictured below) to become technology chief of FNZ as well as part of top management.
For FNZ, founded in Wellington, NZ and now based in London, the deal will speed up personalized propositions at scale with its financial services clients. The company said Appway, which developed Credit Suisse's digital onboarding process, will enable up to 90 percent faster client onboarding.
