FE fundinfo acquires wealth technology firm Contengo

Swiss fiscal information institution FE fundinfo has acquired Contengo, a UK-based wealthiness exertion company, for an undisclosed sum.

Contengo’s exertion gathers transaction and lawsuit accusation from advisor platforms and back-office systems.

The transaction volition spot Contengo’s exertion incorporated into FE fundinfo’s Nexus platform, introducing a caller diagnostic referred to arsenic the ‘command deck’.

Through the integration, FE fundinfo aims to heighten its platform’s information postulation and aggregation capabilities.

This integration volition let fiscal advisers to entree data-driven insights to enactment their decision-making processes and negociate their operations.

The caller ‘command deck’ volition alteration advisers to present fiscal proposal based connected up-to-date information.

It volition besides connection money-weighted show investigation utilizing artificial intelligence.

FE Analytics licensed users tin show portfolio show successful existent clip and comparison portfolios to simulated alternatives.

Also, the caller diagnostic allows them to behaviour result investigation to show compliance with user work regulations.

FE fundinfo main enforcement Liam Healy said: “This acquisition underscores our committedness to providing IFAs with a unified, data-rich acquisition that drives amended outcomes for their clients and streamlines day-to-day operations.

“We’re thrilled to person Contengo arsenic portion of FE fundinfo, and look guardant to however it volition assistance Nexus for Financial Advisers link underlying workflows and some concern and lawsuit information crossed the IFA worth chain, bringing a cardinal bid platform and integrated lawsuit work to fiscal advisers.”

The bid platform diagnostic volition supply advisers with entree to interest data, outgo monitoring tools, and enhanced transparency successful lawsuit reporting.

It enables advisors to present fiscal plans with existent valuations and transaction histories, reducing the request for manual information introduction and minimising the hazard of errors.

Also, advisers tin behaviour script modelling instantly, based connected unrecorded data.

In September past year, FE fundinfo introduced an updated Factsheet Production solution to streamline factsheet instauration and transportation to the FE fundinfo network.

"FE fundinfo acquires wealthiness exertion steadfast Contengo" was primitively created and published by Retail Banker International, a GlobalData owned brand.

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