Finantix boosts Asia-Pacific expansion with new Australia office

Wealth management technology builder Finantix has opened an office in Australia to further its expansion into the Asia-Pacific region.

The new Sydney office will be led by Martin MaCabe, who joins from FIS where he was responsible for growing policy admin/wealth platform business across the Asia-Pacific.

Australia was chosen due to its large financial services sector which has helped drive economic growth.

The FinTech company creates end-to-end digital transformation services which include wealth advisory, KYC, digital banking and insurance.

Finantix APAC Director Damien Piper said, “The country’s sophisticated financial services sector and ideal position as a key hub for the Asia-Pacific region makes Australia a very attractive market.

In addition, the wealth management sector has identified automation as an opportunity to do more with less as a response to rising expectations by Australian consumers. This means that the potential for technology to assist with the remediation of the underlying pain points remains largely unrealised, representing an important growth opportunity for us.”

Earlier in the year, the company hired Tim Wood as its new chief financial officer to help pave the way for its global expansion efforts.

Finantix was recently chosen by Deutsche Bank Wealth Management to improve its client onboarding and KYC processes.

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