investify TECH and ndgit cooperate on OpenWealth
Published: 19.05.2021 | By investify
ndgit has gained investify TECH, a leading WealthTech provider for the digitalization of the investment business of financial service providers, as a partner. The combination of ndgit’s Ecosystem Hub and investify TECH’s B2B technology and regulatory platform offers banks the opportunity to make large parts of their operational investment business more sales-oriented and to outsource (regulated) processes easily and securely. This enables banks, asset managers and other providers to reduce their costs and focus on their core business. The end-to-end core services of investify TECH include digitalized asset management, robo advisors, execution-only routes and smart securities savings products in white label.
“investify TECH’s services are an excellent complement to our open banking portfolio,” said Oliver Dlugosch, co-founder and CEO of ndgit. “The combination of our leading open finance ecosystem platform with investify TECH’s investment-focused platform enables financial services providers to outsource all technological, regulatory and operational aspects of the investment business, significantly increasing their efficiency. Banks and asset managers can offer the best deals to their respective clients and execute them in a straightforward and fast manner.” Integration with the ndgit platform makes this conceivably easy, as banks only need to integrate their IT systems once, namely with ndgit. The investment platform of investify TECH, as well as the services of numerous other fintechs, can then be used directly via ndgit without any further adaptation effort.
Dr. Harald Brock, CEO of investify TECH, adds, “Our offerings are aimed at different B2B partners and a wide variety of areas within the investment business. Our customers use our platform to improve their sales and handle all processes in the securities business, including regulated processes, efficiently and securely. In this way, we create clearly measurable added value for partners of the most diverse size and orientation. Through ndgit, we now have the opportunity to expand our customer base even further, and to do so quickly and very easily. For us, connecting to the ndgit open banking platform means that we technically have immediate access to more than 30 European banks in the ndgit ecosystem and can connect to future customers much more easily via this platform.”
ndgit can significantly expand its portfolio of pre-integrated fintech offerings through investify TECH in the area of digital investment solutions. Services include, for example, client onboarding, monitoring of investment guidelines, portfolio structures and loss thresholds, as well as order control, payment processes and reporting of quarterly results and costs. With investify TECH, financial service providers can reduce their asset management back office to a minimum. In addition, investify TECH also offers special solutions, for example for the investment of funds by foundations.
As a leading technology and solution provider for open banking platforms, ndgit connects banks, insurers, fintechs and platform companies into digital ecosystems, thus enabling end customers to access new financial services. Today, over 50 banks and companies worldwide already rely on the leading API platform for financial services to digitize traditional systems and position themselves for the future of open banking. The Munich-based company was founded in 2016 and currently employs around 65 people. The company’s investors include Capnamic, Profounders and DvH Ventures.
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