B2B cooperations
DERICON and investify TECH agree on cooperation at savings banks and credit unions
Published: 26.04.2022 | By investify
- Strategic bundling of core competencies of renowned B2B FinTechs enables new, innovative idea for digital asset management
- Goal: Implementation of a digital marketplace for asset management solutions, integrated into the systems of the savings banks and Volksbanks
The Frankfurt-based B2B FinTech Dericon and the Luxembourg-based software company investify TECH will jointly develop an innovative B2B offering for digital asset management. As a result, financial institutions will be able to offer their clients not only their own in-house asset management, if any, but a whole selection of different renowned asset managers on one platform or marketplace. The result is the platform economisation of asset management, as is already practised in many other areas of the financial sector, e.g. in construction financing or deposit management.
Andreas Krause, founder and managing director of Dericon GmbH, explains: “Nowadays, a customer receives the best funds, certificates, etc. in the market from his modern financial institution, regardless of whether they are in-house products or solutions from other providers. However, when it comes to asset management, savings banks and Volksbanks usually still only resort to a possible client solution with only one asset manager. However, it would be much more attractive to be able to offer the customer “VV” solutions from different renowned providers, from one source, on one platform. Therefore, I am pleased to be able to offer in future, together with investify TECH, an innovative “white-label” concept for asset management to the more than 100 banks and savings banks that already use Dericon technologies in their investment advisory services.”
“In this way, a financial institution can also ensure in the asset management business that it offers the customer the best solutions in the long term, a real USP in the market,” notes Dr. Harald Brock, Managing Director of investify S.A.. “The client can choose between different providers or combine them, with only one bank connection. Customer care can take place in person, digitally or hybrid, and all regulatory processes are carried out efficiently and “compliantly” by the platform. Switching asset managers in the event of dissatisfaction is also uncomplicated and practically possible at the click of a mouse, thanks to a uniform IT and process structure. The effort in the institutions for such a solution is almost zero.”
Timon Virgens, Managing Director at Dericon, adds: “A project like this naturally stands and falls with the asset managers on offer. I am all the more pleased that numerous leading providers and renowned private banks have already signalled their interest in participating. Not “only” the management of complete mandate groups will be offered, but also, for example, the advisory of model portfolios. A special advantage that Dericon brings to the managers, in addition to the numerous already existing client relationships, is now the link with the proven and innovative technology of our cooperation partner. This combination is new to the German financial market. We look forward to being able to report more on the next steps shortly.”
