Orange Business Services and Additiv offer wealth management in the cloud

Orange Business Services and Additiv, a digital solutions provider for the financial market, have teamed up to offer digital wealth management as-a-service to financial institutions.

The cloud-based offerings will automate wealth management and address demand for digital financial services from clients. They will also help to reduce operating costs at financial institutions.

Additiv’s established wealth management products, offered on a software-as-a-service (SaaS) platform, are based on Additiv’s fourth-generation Digital Finance Suite (DFS 4.0). They include robo advisors, client and advisory dashboards and portfolio management solutions.

Additiv’s wealth management as-a-service products will be rolled out in the Middle East and Asia Pacific among other locations, relying on dedicated Orange cloud platforms.

The service addresses the financial industry’s requirements for hosting data in the cloud, but onshore in the country of origin. This is achieved by leveraging Orange Business Services’ cloud, data storage, connectivity and cyberdefense capabilities at the global level.

“By partnering with Orange Business Services we can provide financial institutions with a fast and highly-secure way of tapping into this new market opportunity, while improving the end-client experience and reducing operating costs.

"Through the joint platform, customers have access to Additiv’s Digital Finance Suite, including its global ecosystem partners, such as Saxo Bank that offers client administration, execution and custody services with access to 35,000 financial instruments across eight asset classes,” said Michael Stemmle, founder and CEO, Additiv.

Saxo is an online bank from Denmark that has a presence in Singapore.

“Our highly-secure cloud platform is providing Additiv with a smart and efficient way for financial institutions to plug in a game-changing range of products and map the entire data journey to provide valuable customer insight. It will make digital wealth management easier and more convenient, which will undoubtedly broaden the appeal of wealth management,” said Helmut Reisinger, CEO, Orange Business Services.
 
“Financial institutions are poised to benefit from this unique offering that combines for the first time the strength of a global service provider with the leading edge finance suite of Additiv.

"Orange has listened to the emerging customer demands in the financial industry and has fulfilled local regulatory obligations. Together this boosts both companies’ capabilities, offerings and services on a global scale and provides the financial industry with new digital services for their differentiation,” said Martin Kull, MD, Orange Business Services Switzerland and sponsor of the Additiv partnership. 

The Orange Group is already an established player in the financial services market. Orange Money, launched in 2008, links a mobile account to an Orange mobile number to meet the needs of customers in the Middle East and Africa where transactions are carried out in cash.

Orange Business Services, the B2B branch of the Orange Group, and its 22,000 employees, is focused on supporting the digital transformation of multinational enterprises and French SMEs across five continents. Orange Business Services is not only an infrastructure operator, but also a technology integrator and a value-added service provider. It offers companies digital solutions that help foster collaboration within their teams (collaborative workspaces and mobile workspaces), better serve their customers (enriched customer relations and business innovation), and support their projects (enriched connectivity, flexible IT and cyberdefense). The integrated technologies that Orange Business Services offer range from software-defined networks (SDN), big data and IoT, to cloud computing, unified communications and collaboration, as well as cybersecurity. Orange Business Services customers include over 3,000 renowned multinational corporations at an international level and over two million professionals, companies and local communities in France.

Orange is one of the world’s leading telecommunications operators with 263 million customers in 28 countries of 31 March 2018.

Additiv’s software-as-a-service offering allows financial institutions to deploy client advisory, servicing and expert tools in wealth and asset management. Additiv is headquartered in Zurich, Switzerland and has an office in Singapore.

www.additiv.ch
www.orange-business.com