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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.