London fintech company acquires Swiss AI and data science company

Founded in 2009 in Baar (Zug) by a team of  Artificial Intelligence (AI) specialists, quant and software engineers and finance experts, InCube Group AG is the provider pre-designed AI engines, expertise and support for the implementation of large-scale AI applications on distributed infrastructure. In robotics, the company applies Robotic Process Automation (RPA) software to automate the client's business processes based on heterogeneous information and data sources. All together, Incube uses its client's digital workforce strategy and robot operating model to identify a suitable technology stack to match their current and future automation needs.

Following the signing of an acquisition agreement, InCube Group is now part of Finantix, the London based leading global provider of trusted technology to the wealth management, insurance and banking industries.

The company's technologies will be integrated into the Finantix platform by augmenting it with InCube's AI, robotics, and cognitive technologies. This acquisition also allows Finatix to expand ist presence in the Swiss and global wealth management and insurance markets, which also broadens the market for InCube's for AI-driven products and solutions.

Christine Ciriani, Chief Commercial Officer for Finantix, said: "We are excited to welcome InCube to the Finantix family, enhancing our AI-based insights and personalisation capabilities. This acquisition is a great fit as we share many values and have a common vision. First and foremost, a relentless focus on the need of our customers to leverage the growing amount of data available and the drive to transform this into actionable business insights. We believe that by combining InCube's AI-based products, deep data science experience and domain expertise with Finantix's comprehensive offering, our customer-base will benefit from an enriched platform ready to accelerate their innovation capabilities in a data-driven era."

(Press release/Ran)