Finantix to bolster platform through InCube acquisition

Financial services solution developer Finantix has acquired fellow software developer InCube for an undisclosed amount.

Switzerland-based InCube designds AI-powered products and solutions for wealth management and insurance companies. Its technology can support a range of procedures including portfolio construction, risk analysis, portfolio monitoring, investment advice, equity investing and more.

Through the acquisition, Finantix hopes to bolster its platform by incorporating InCube’s AI, robotics and cognitive technologies, as well as its team. Additionally, it hopes to expand its presence in the Swiss and global wealth management and insurance space.

Finantix chief commercial officer Christine Ciriani said, “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.”

Finantix is continuing its Europe, Asia Pacific and North America expansion plans.

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