PR93506

ZURICH, Dec. 7, 2021 /PRNewswire=KYODO JBN/ --

- The acquisition will accelerate the deployment of personalised propositions

at scale across the financial services industry, enabling up to 90% faster

client onboarding.

- Appway's award-winning low-code no-code workflow automation solution will

extend FNZ's position as the industry's leading global wealth management

platform and continues their investment in next-generation technology.

- FNZ is revolutionising the industry by giving financial institutions a single

platform that integrates seamlessly with their business, empowers the entire

wealth continuum and is consumable as a service.

- Combination to strengthen FNZ's position in the $239 trillion global wealth

market.

- FNZ strengthens its Senior Leadership Team with the appointment of Hanspeter

Wolf, CEO and Founder of Appway, as Chief Technology Officer of the FNZ Group.

FNZ, the leading global wealth management platform, today announced that it has

agreed to acquire Appway, the leader in client onboarding and client servicing

for financial institutions. This strategic acquisition gives FNZ significant

technology expertise in enterprise-grade low-code no-code workflow automation

with deep domain expertise across the entire wealth management value chain.

Hanspeter Wolf, CEO and Founder of Appway, will become Chief Technology Officer

of the FNZ Group and join the Senior Leadership Team, effective on the

acquisition closing date.

Photo - https://mma.prnewswire.com/media/1703686/Adrian_Durham.jpg

Photo - https://mma.prnewswire.com/media/1703687/Hanspeter_Wolf.jpg

FNZ's success has always been based on understanding the needs of our customers

and providing them the solutions they need to grow their business. With this

acquisition FNZ continues to add significant next-generation technology to its

leading global wealth management platform helping financial institutions around

the world to accelerate innovation and rapidly deploy personalised customer

propositions across the wealth continuum that are differentiated, scalable and

that meet regulatory requirements.

"We are excited that FNZ and Appway are coming together to provide financial

institutions with an unrivalled platform to accelerate their digital

transformations, deliver significant operational efficiencies and improve the

client experience," said Adrian Durham, CEO, FNZ Group.

"Both our companies have a shared vision, relentless focus on customer success

and a track record of innovation and Hanspeter is an inspirational and seasoned

leader with rich experience in the technology sector. We are delighted to

welcome him and the talented Appway team into FNZ."

Appway is a multinational company, headquartered in Zurich. The company's

award-winning solutions are trusted by leading financial institutions,

including 10 out of 25 of the world's largest wealth managers, to automate and

accelerate their business-critical core processes and adapt to new regulatory

requirements.

Hanspeter Wolf, CEO and Founder, Appway, said: "I could not be more excited

about joining FNZ as the Chief Technology Officer and the value we will create

together.

The Appway low-code no-code workflow automation solutions are based on the deep

expertise across the full wealth continuum and allow our customers to achieve

up to 90% faster client onboarding times and a 10% increase in margins on

average per onboarded client.

Combining our solutions and the expertise of the Appway team with the strength,

scale, and commitment of the FNZ Group will help extend our market-leading

innovation."

Dr. Matthias Allgaier, Managing Director at Summit Partners and Appway Board

Director, added: "Both Appway and FNZ are leaders in their respective fields. I

have been proud to work alongside Hanspeter and the Appway team since

partnering with the company in early 2020. Over the course of the last two

years, Appway has continued to deliver innovative solutions designed to

revolutionise the customer experience for financial institutions. I'm looking

forward to once again working with FNZ, where I previously served on the board.

I believe this combined team and solution set will help their customers deliver

revenue growth and improved operating margins through digital transformation."

FNZ provides a complete integrated technology, transaction and custody platform

to wealth managers, banks, insurers and asset managers in 18 countries across

North America, Europe and Asia-Pacific. Trusted by more than 150 major

financial institutions, FNZ has over $1.5 trillion in assets under

administration, which represents the combined savings and investments of over

20 million customers.

The transaction is due to be completed by early Q1 2022. Terms of the agreement

are not being disclosed.

About FNZ

FNZ is a global wealth management platform that partners with the world's

leading financial institutions to transform the way the industry serves its

clients.

FNZ provides an integrated technology, transaction and custody platform to

wealth managers, banks, insurers and asset managers in 18 countries across

North America, Europe, Africa and Asia-Pacific.

Trusted by more than 150 major financial institutions, FNZ has over $1.5

trillion in assets under administration, which represents the combined savings

and investments of over 20 million customers.

About Appway

Appway is the leader in onboarding for financial services businesses. Every 30

seconds a new client relationship is created with Appway. Appway offers

certified, secure, Cloud-based software for client onboarding, servicing, and

reviewing to firms from bespoke wealth managers to the largest global financial

institutions.

Appway software is proven to rapidly deliver unparalleled client experiences, a

90% reduction in onboarding time, a 10% increase in margin per client, and a

225% ROI.

Appway's built-for-purpose business solutions are based on the expertise

gathered over hundreds of deployments worldwide – from opening an individual

investor account to onboarding a billion-dollar multi-jurisdictional entity.

With an extensive ecosystem of partners, Appway allows customers to

intelligently orchestrate the full range of client interactions of any

complexity.

About Summit Partners

Founded in 1984, Summit Partners is a global alternative investment firm that

is currently managing more than $42 billion in capital dedicated to growth

equity, fixed income and public equity opportunities. Summit invests across

growth sectors of the economy and has invested in more than 550 companies in

technology, healthcare and other growth industries. These companies have

completed more than 175 public equity offerings, and more than 200 have been

acquired through strategic mergers and sales. Summit maintains offices in North

America and Europe and invests in companies around the world.

SOURCE  FNZ