Fintech’s Latest Female CEO: Christine Ciriani Takes Top Spot at Finantix

Photo by Miguel Á. Padriñán from Pexels

Wealth management technology provider Finantix announced today that it has appointed Christine Ciriani as its new CEO. Company co-founder and former CEO Ralf Emmerich will transition to the role of Executive Chairman.

“I am delighted to take up this leadership position at Finantix,” Ciriani said in a statement. She praised the company’s “award-winning” solutions for wealth managers, banks, and insurance companies, as well as Finantix’s “client-first culture” and strong teams. She pledged to continue working “to ensure that both our integrated and point solutions are rapidly adopted in the market to deliver the data-enabled, digitally-connected, and content-rich services today’s clients demand.”

Ciriani will continue to serve as the company’s Chief Commercial Officer, a position she has held since the fall of 2019. The wealth management and professional services veteran came to Finantix in February of that year, joining Finantix’s board of directors as a non-executive director as part of the Motive Partners investment in the company. During her time at Finantix, Ciriani has helped drive talent acquisition, commercial strategy, and market positioning, overseeing expansion in Switzerland, Japan, and Australia. She also has been praised for her role in the company’s acquisition of AI and data science-based solution provider InCube earlier this year.

“Under Christine’s leadership and working with our management team, we have successfully accelerated the process of expanding our extensive portfolio of innovative products,” Emmerich said. He added that the leadership shift would enable Finantix to maximize the next phase of its evolution as a leading provider of technology solutions for the wealth management, banking, and insurance industries.

“Now is the ideal time for me to hand over the reins to Christine so she can continue to build on the strong foundations we have created.” Emmerich said.

The C-suite news follows the launch of Finantix’s latest Digital Collaboration Hub. A client servicing solution, the Hub enables institutions to establish omni-device, multi-media collaboration channels with virtual private lounges that can be used to digitally enhance client interactions. Market updates and advisories, as well as onboarding and document exchange are among the client-oriented activities possible via the Hub. Banco Itaú International is one of the FIs that has deployed the technology, offering the Hub to its U.S. and Swiss clients.

A Finovate alum since 2011, when the company debuted at FinovateEurope, Finantix was founded in 1994 and is headquartered in Venezia, Vento, Italy. Acquired by Motive Partners in December 2018, Finantix won Best Front Office Solution at the WealthBriefing Swiss Awards 2020 in February.

Finovate Alums Earn Top Honors in Wealthtech 100

More than ten Finovate alums have earned spots on Fintech Global’s second annual Wealthtech 100 roster. The collection of companies is meant to represent the most innovative businesses operating in the wealth and asset space worldwide.

Companies were evaluated based on a variety of criteria ranging from industry significance and technological innovation to growth in capital raised and the ability of the company to save clients money, boost revenues, or increase efficiency. More than 1,200 companies were provided by Fintech Global to its judging panel of fintech analysts and industry experts.

Here are our winning Finovate alums:

“We’re thrilled to have made the WealthTech 100 list from Fintech Global,” Wealth Wizards said on Twitter after the news was announced. “There are some brilliant U.K. firms included.” Finantix and additiv also tweeted about the announcement this week.

See the full WealthTech 100 roster.

Headquartered in London, U.K., Fintech Global provides comprehensive data, insights, and analytical tools on fintech around the world.

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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.

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    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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    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.