HSBC Creates Private Banking Portal with Finantix

Finantix, a supplier of software for wealth management, insurance and private banking industries globally, has been selected by HSBC Private Banking as it launches a new global client wealth management portal for its clients, reports Henry Vilar of Fintech Futures, Finovate’s sister publication.

The firm’s solution, Finantix Components, has been deployed to support the new portal, which aims to be a simplified, seamless, and globally standardized platform.

Alessandro Tonchia, co-founder of Finantix, said, “HSBC Private Banking built the portal incorporating Finantix Components APIs and, in doing so, are creating a consistent, modern omni-device experience, easy and secure self-service access to accounts, portfolio information and analytics.”

Finantix worked with HSBC Private Banking to provide business logic, insights, user journey standards and interfaces with its core banking platform.

The solution has been rolled out in the U.K. and is being extended to other markets where HSBC Private Banking operates.

This news comes just a few days after the Italy-based company announced a deal with Deutsche Bank Wealth Management, which will leverage Finantix’s KYC solution for its onboarding process.

Finantix most recently showcased its Banking Assistant at FinovateEurope 2013 after taking home Best of Show honors at FinovateEurope 2011 for its demo of Wealth Apps. Founded by Alessandro Tonchia in 1994, Finantix was acquired last year by Motive Partners for an undisclosed amount.

Finovate Alumni News


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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

    Motive Partners Acquires Majority Stake in Finantix

    Private equity firm Motive Partners will become a majority shareholder in Finantix, a provider of digital services for the private banking, insurance and wealthtech sectors, reports Antony Peyton of Fintech Futures (Finovate’s sister publication).

    Financial details were not disclosed. Both firms are a bit vague but Motive will support the company and the founders (Ralf Emmerich and Alessandro Tonchia) in “extending the functional footprint of the product and in accelerating geographic expansion”. The latter means Europe, Asia and to enter the U.S. market.

    Scott Kauffman, partner at Motive Partners, said Finantix has demonstrated its ability to create a “compelling product, bringing a leading technology platform to an ever-increasing set of blue chip clients”.

    Finantix’s founders and the management team will continue to lead the company.

    The company has over 250 staff in seven cities and a customer base in more than 45 countries. Some of its clients include Rothschild Bank, Crossbridge Capital, and DBS.

    Motive Labs, the operational and technology team of Motive, will also work with Finantix.

    Back in March, Finantix acquired Singapore-based Smartfolios, a creator of quant-enabled investment tools. No financial details in that deal as well.

    As reported last year, Motive powered up and revealed its plans to invest in fintech firms in the U.K. and U.S.

    According to its Form D filed with the Securities and Exchange Commission (SEC) in the U.S, Motive was looking to raise $150 million.

    “Our mission is to back and build the next generation of financial technology businesses to transform markets, models and society,” the company said on its website.

    Based in Venice, Italy, and founded in 1994, Finantix demonstrated its Banking Assistant solution at FinovateEurope 2013.

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    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

    Finantix Buys Singapore-based Wealthtech Firm, Smartfolios

    Finantixa provider of sales and advisory software to financial institutions, has acquired Singapore-based Smartfolios, a creator of quant-enabled investment tools, reports Antony Peyton of Banking Technology (Finovate’s sister publication).

    With this deal, Finantix said it can combine its API-driven architecture, technology and its recently launched artificial intelligence (AI) offering with Smartfolios’ quantitative analysis solutions to deliver a digital wealth management platform.

    Ralf Emmerich, co-founder and director of Finantix, said the acquisition will “extend our coverage and support for key actors like CIOs and investment strategists and provide a solid foundation for strategic robo-advisory initiatives that don’t follow a low-end formula”.

    Finantix provides wealth and hybrid robo-advisory solutions to wealth managers, private banks and insurers in more than 40 markets.

    Together, Finantix and Smartfolios plan to cover investment processes including strategy building, house view distribution, robo-personalised portfolios, and analytics.

    Financial details about the acquisition were not disclosed.

    Venice-headquartered Finantix has a customer base spanning over 45 countries, and has eight offices across Europe, North America and Asia. The company demonstrated its Banking Assistant solution, part of the company’s multi-channel platform, Finantix Sharp, at FinovateEurope 2013. 

    The Faves of FinovateAsia: A Brief History of Best of Show Winners

    With FinovateAsia less than one week away, it’s worth noting that the history of our Asian conference is a short, but illustrative one. Consider this: of the twelve companies awarded Best of Show from our three FinovateAsia conferences in 2012, 2013, and 2016, more than half are multiple-time Best of Show winners, having impressed audiences in London, Silicon Valley, and New York City, as well as Singapore and Hong Kong. And three of the companies have also been the targets of major acquisitions: IND Group by MisysEyeVerify by Ant Financial, and Yodlee by Envestnet.

    So, other than winning multiple Best of Show awards and being acquired by major players in finance and technology, what have the Best of Show winners of FinovateAsia from last year been up to in the time since? See for yourself below.

    FinovateAsia 2016Best of Show

    Alpha Payments Cloud (demo)

    The biggest news for Alpha Payments Cloud since winning Best of Show at FinovateAsia 2016 is likely the company’s comprehensive rebranding as Alpha Fintech in September. The move was designed to affirm the company’s status as “fintech’s first end-to-end middleware,” using a single API and UI to connect merchants and vendor suppliers across “the entire payments, risk, and commerce spectrum.”

    Oliver Rajic, Alpha Fintech CEO added “Now with Alpha, (acquirers and gateways) can evolve to enable the right vendor combination for each unique requirement … thereby extending and enhancing their core solution subset.” Alpha Fintech has already made its first agreement under the new rebrand, teaming up with Payture, a major payment gateway in the CIS region. “Among the early adopters of the Alpha Fintech /Payture integration are businesses in Russia’s e-travel consumer market, which the company says is one of the largest segments of Russia’s e-commerce market.

    Dynamics (demo)

    Multiple-time Best of Show winner Dynamics announced a partnership with LG Electronics earlier this year. The agreement would put Dynamic’s Wireless Magnetic Communication (WMC) technology in LG Pay. The integration will enable LG mobile phones to transmit traditional magnetic stripe information wirelessly to traditional magnetic stripe readers.

    “Dynamics has been building wireless magnetic communication solutions for nearly a decade and is widely considered the founder of the programmable magnetic stripe industry,” Dynamics CEO Jeff Mullen said. “Dynamics’ best-in-breed technology will help LG Pay reach hundreds of millions of new payment environments.”

    EyeVerify (demo)

    Acquired by Ant Financial Services Group just months before making its Best of Show-winning demonstration at FinovateAsia 2016, EyeVerify has hardly rested on its laurels. This summer, for example, the company partnered with fellow Finovate alum Daon, adding Eyeprint ID to Daon’s IdentityX platform. But the biggest headlines from this multiple Best of Show winning company have to do with their rebrand as ZOLOZ back in August.

    “When I announced almost a year ago that Ant Financial acquired EyeVerify, I said we want to do more,” company founder and CEO Toby Rush wrote at the company blog. “Today we publicly commit to providing a hosted identity platform that helps people manage their digital lives.” Rush described an initiative to bring identity services to the underserved and underbanked consumers of Asia, with plans to ultimately bring hosted identity solutions to markets in North America and Europe. (demo)

    With two Best of Show awards in two Finovate appearances, intelligent banking assistant developer must be doing something right. earned a spot in Payment Canada’s pitch competition, Dragon’s Den, and was recognized over the summer by Capegemini’s global InnovatorsRace and at the VivaTech conference in Paris, France. Finn. ai also announced a few days ago that ATB Financial would use’s technology to offer its 700,000 customers the first, fully-featured, AI-powered virtual banking assistant on Facebook Messenger.

    But in addition to making friends and influencing people, is raising capital, as well. The company raked in $3 million in new funding in October, and plans to use the financing to help add technical talent to its team, as well as support the company’s expansion in the U.S. and around the world. Banking industry veteran, Carrie Russell, who will join as Strategic Executive Adviser, noted the importance in helping banks “move beyond transactional banking to build deeper, more personal relationships with customers.” Russell added “I believe is the right partner to do this, acting as a proactive virtual assistant to help customers understand, plan and take action to improve their financial lives.”

    The rest of our FinovateAsia Best of Show winners are listed below:

    FinovateAsia 2013Best of Show

    FinovateAsia 2012Best of Show

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    This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.