LONDON & ZURICH--(BUSINESS WIRE)--Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, today announced the execution of a binding agreement for the acquisition of InCube Group AG. The Zürich-based firm boasts an interdisciplinary team of Artificial Intelligence (AI) specialists, quant and software engineers and finance experts that provide data-driven, AI-enabled products and solutions to wealth management and insurance companies. Christine Ciriani, Chief Commercial Officer for Finantix, said: "We are excited to welcome InCube to the Finantix family, enhancing our AI-based insights and personalisation capabilities. This acquisition is a great fit as we share many values and have a common vision. First and foremost, a relentless focus on the need of our customers to leverage the growing amount of data available and the drive to transform this into actionable business insights. We believe that, by combining InCube's AI-based products, deep data science experience and domain expertise with Finantix's comprehensive offering, our customer-base will benefit from an enriched platform ready to accelerate their innovation capabilities in a data-driven era."

Software solution firm Finantix launched a collection of engines, tools and data structures to inject Artificial Intelligence into wealth management platforms. The technology firm claims its new service will bring tangible benefits by automating tasks, distilling intelligence, supporting decisions and enforcing compliance for wealth managers, private banks and even robo-advisers. The main areas initially addressed by Finantix AI Gears for Wealth (Finantix AI) are: lead generation, automated client profiling and know your client (KYC), portfolio and financial planning optimisation, suitability and cross border rule enforcement, next best action determination, news tagging and content personalisation. Finantix AI has been specifically designed to slot easily into any legacy or digital wealth management platform thanks to an application programming interface (API) oriented and configurable architecture. To support its roll out Finantix is organising a series of events in Singapore, Zurich and Tokyo to discuss how AI will affect wealth management and the benefits it can bring.