investify TECH and ICM InvestmentBank expand cooperation
Published: 07.09.2023 | By investify
The technology and regulatory provider investify TECH and Berlin-based ICM InvestmentBank AG are expanding their collaboration, which began in 2020: the focus is on further digitalisation and regulatory solutions, while a dedicated app will further increase customer benefits.
Founded in 1999 as a buyout of the HypoVereinsbank Group, ICM InvestmentBank AG (ICM) is an asset manager that focuses on excellent research and individualised client support. With 50 employees, it now manages around 500 million euros in client assets. Together with investify TECH, ICM had already focussed on digital solutions at an early stage in order to grow in its core business of asset management. In 2020, the range of services was expanded with the help of the investify TECH platform to include a digital sales and support channel, particularly for smaller mandates. The focus here was on being able to guarantee the usual high quality of service in this segment as well. Today, various studies show that, in addition to digitalisation, minimising the costs of regulated and unregulated processes is becoming increasingly important. This is why the expansion of the cooperation is now focussing on adding value to the core business, i.e. supporting high-net-worth clients. It is precisely for this purpose that investify TECH has significantly expanded its range of services in recent years.
Ingo Scheper, authorised signatory of ICM InvestmentBank AG: “We recognised early on that more and more customers expect digital solutions in the area of asset management as well. Our offering with investify TECH has been very well received on the market and by advisors. Right from the start of our collaboration, we realised that investify TECH not only brings agility, innovation and technological expertise to the table. We were also impressed by their customer-orientation and the rapid and reliable implementation of the project. We will therefore now extend the cooperation to other areas and outsource regulatory tasks to investify TECH’s digital platform as well as automate further processes in the private banking segment.”
“We always endeavour to offer our customers the best possible advice and transparency – in a modern and convenient way for the customer. Investify TECH offers us the right tools for this, which are developed and implemented according to our ideas on the basis of their proven platform,” says ICM CEO Dr Norbert Hagen. One example of this will be the new ICMsuite app, which is based on the reliable investify TECH platform and will offer the Berlin-based asset manager’s clients comprehensive transparency regarding their assets under management.
End clients who use the expanded range of services will of course also benefit from ICM’s multiple and independently recognised capital market expertise. The investment strategies for the basic investments and individual thematic investments were designed by ICM. ICM’s investment committees are independent for each asset class and also have multiple redundant members.
“We are very proud that we are now taking the next step with ICM InvestmentBank after setting up a robo asset management system and working together even more extensively, especially in our core business,” explains Dr Harald Brock, Managing Director of investify TECH. “Increasing regulatory pressure and changing customer needs require a consistently digital and efficient focus. The partnership with ICM shows how platform effects can be utilised to quickly and cost-effectively create solutions that generate real added value for asset managers and their clients.”
A particular focus in future will be on expanding sustainable investment strategies. Customers already have the option of opting for sustainable investments alongside traditional investments. This is where investify TECH will contribute its special expertise and take over ICM’s sustainability initiatives, from onboarding and customer sustainability preferences to regular reporting.
Cooperation since 2020
Die Kooperation zwischen der ICM und investify TECH besteht bereits seit 2020. Erfahren Sie hier mehr über die langjährige Zusammenarbeit.
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