Orange Business Services collaborates with Additiv to provide digital wealth management solutions

Orange Business Services and Additiv have teamed up to offer digital Wealth Management- as-a-Service products to financial institutions. The cloud-based offerings will automate wealth management and address the strong growing demand for digital financial services from clients and the urgency to reduce operating costs by many financial institutions.

Additiv’s established wealth management products are now offered on a Software-as-a-Service (SaaS) platform. This means that the SaaS products can be easily plugged into financial institutions’ existing systems. Wealth Management-as-a-Service products are based on Additiv’s fourth generation modular Digital Finance Suite designed for the digitalization of new and existing business segments. The SaaS product offering contains out-of-the-box solutions, such as robo advisors, client and advisory dashboards and portfolio management solutions.

The innovative service addresses the financial industry’s requirements for hosting data off premise in the cloud, but onshore in the country of origin. This is achieved by leveraging Orange Business Services’ strong cloud, data storage, connectivity and cyber defense capabilities at a global.

Additiv’s Wealth Management-as-a-Service products offer a wide range of configuration possibilities to achieve a personalized experience.

Michael Stemmle, Founder & CEO of Zurich-headquartered Additiv, says, “By partnering with Orange Business Services, we can provide financial institutions with a fast and highly-secure way of tapping into this new market opportunity, while improving the end-client experience and reducing operating costs. Through the joint platform, customers have access to Additiv’s Digital Finance Suite, including its global ecosystem partners, such as Saxo Bank that offers client administration, execution and custody services with access to 35,000 financial instruments across eight asset classes.”

According to Martin Kull, Managing Director, Orange Business Services Switzerland and sponsor of the Additiv partnership, “Financial institutions are poised to benefit from this unique offering that combines for the first time the strength of a global service provider with the leading edge finance suite of Additiv. Orange has listened to the emerging customer demands in the financial industry and has fulfilled local regulatory obligations. Together, this boosts both companies’ capabilities, offerings and services on a global scale and provides the financial industry with new digital services for their differentiation.”