Bricknode and additiv form partnership enabling Wealth Management-as-a-Service for financial institutions
Bricknode (www.bricknode.com), a progressive Swedish B2B company providing highly scalable cloud banking software for back-office services, has partnered with additive (www.additiv.com), a SaaS provider to the wealth management industry.
The collaboration enables financial institutions to select an established end-to-end solution for all their client’s wealth management needs. It adds Bricknode’s Brokerage-as-a-Service, providing fully scalable back-office and record-keeping functionality to additiv’s already broad product range which includes extensive orchestration and client engagement capabilities. Together, the partnership offers a complete and ready package, from a trusted source, to leverage the digital age.
Stefan Willebrand, CEO from Bricknode, says: “Our partnership with additiv was the natural choice. Bricknode are quickly being recognized as offering cutting edge B2B cloud-based composable infrastructure software in Sweden and beyond, but with additiv we are taking breadth of service within wealth management to the next level. Together we can ensure that the wealth management industry can seamlessly access an entire ‘plug-and-play’ digital wealth management platform."
Eric Andersson, General Manager Europe at additiv, says: “At additiv we recognise the growing need for banks and other financial institutions to offer Wealth Management-as-a-Service. Clients need to access the services they want through the distribution channel that makes most sense; typically the channel that is most convenient or has the highest level of engagement. With their capabilities, our partnership enables a complete solution to be delivered to our clients for them to leverage the Wealth Management-as-a-Service opportunity.
Eric Andersson added “Wealth Management-as-a-Service represents an expansion opportunity for financial institutions to open up parts of the market that remain under-served and difficult to access. And, as clients are already customers of the distribution partner it can also lower client acquisition. Our partnership with Bricknode is essential to enable this new approach to wealth management for our customers.“