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Aixigo Relaunches Digital Portfolio Management System

Digital wealth manager investify has a new high performance portfolio management system courtesy of its partnership with Germany’s aixigo. The system, accessible via API, features a variety of enhancements that make it easier for the portfolio to intake and manage large data sets from legacy systems, quickly refine them, and make the data available to all customer systems.

With nearly 100 services, the API provides digital wealth managers with the necessary processes and functions for high-volume business, enabling the platform to serve both average and wealthy customers. And as a REST API, the technology supports innovation from financial services providers looking to further develop their digital customer journeys with apps, chatbots, or voice interfaces. For its part, investify will take advantage of the portfolio analysis, monitoring, and reporting services available through aixigo’s solution.

“The speed and mass suitability of the module enables an extremely scalable portfolio analysis, which is crucial for digital asset management,” founder and managing director of investify, Sebastian Hasenack said. “Moreover, it is a decisive advantage of investify for high volume B2B cooperation in the banking and insurance sector.”

“The aixigo high performance portfolio API is based on five basic principles that we have not invented but consistently apply,” Fabian Budde, aixigo Head of Customer Projects, added. “To make the data quickly available, it is stored in an in-memory database. We use so-called cache-oblivious algorithms to reduce processor waiting times.”

Founded in 1999 and headquartered in Aachen, Germany, aixigo demonstrated its Digital Financial Portfolio Management Backoffice at FinovateEurope 2018. The company is also an alum of our developers conference. Aixigo Head of Portfolio Management Systems Marcus Gruendler presented Digital Wealth Management with APIs at FinDEVr London 2017 last summer.

In June, aixigo’s wealth management technology won the Outstanding Front-End Digital Solutions Provider (Vendor) category of the Private Banking Conference & Awards. Last fall, the company was honored with the Banking IT-Innovation award from the Business Engineering Forum of the University of St. Gallen in Switzerland.

Luxembourg-based investify demonstrated its online advisory technology at FinovateEurope 2016. The solution not only guides users through the process of determining personal financial goals, but also makes it easy for a customer to open an investment account at the same time. The B2C company has 15 employees and has raised more than €2 million in funding.