A few months after the acquisition of Appway, FNZ, the global wealth management platform, takes over New Access, a specialized private banking technology firm based in Geneva and primarily active in the markets of Switzerland, Liechtenstein and Luxembourg.
Private banks are under significant pressure to adapt and scale offerings to their existing and new clients but are often constrained by legacy technology, complex delivery models and new regulatory requirements. FNZ is transforming the industry landscape with its full service, end-to-end wealth platform. Its platform enables wealth managers to rapidly deliver personalized services and innovative wealth products.
Today, FNZ, a global company headquartered in London, administers more than US$1.5 trillion in client assets on its platform for over 20 million clients worldwide and has created significant scale efficiencies that are directly passed on to its customers.
With its 20-year track record and more than 200 engineers and product experts, Geneva-based New Access has successfully developed innovative and award-winning solutions for more than 60 private banks and wealth management firms.
Vincent Jeunet, CEO of New Access, said: "We are excited to be joining FNZ as we transform the industry and open up wealth together. Combining our solutions and expertise with the global strength, scale and commitment of FNZ to the global private banking market is a great opportunity for New Access and our clients."
The strategic acquisition of New Access represents a further investment by FNZ into the growing private banking and cross-border wealth sector after a number of customer successes and the acquisition of the Swiss tech innovator Appway in February 2022. With now more than 200 local FNZ employees, Switzerland will become a key private banking competence center driving the further expansion within this vertical.
(Press release / SK)
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