Privé Technologies and FIS partner to bring wealth management to the masses

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Privé Technologies and FIS are pleased to announce they have entered into a collaboration to integrate Privé’s patented digital wealth management “bank-in-a-box” with FIS’s next-gen core banking technology, FIS Modern Banking Platform. The combination will enable the roll-out of a collaborative digital wealth management platform and services to accelerate global digital transformation for financial institutions. This expands Privé’s “bank-in-a-box” vision to the next level with enhanced core banking functionalities from FIS delivered digitally through microservices and application program interfaces, or APIs. The modular solutions offered by Privé will become part of the FIS Banking Ecosystem, a network of partnerships that provides proprietary access to FinTech solutions on payments, credits and risks, that help financial institutions to transform their operation according to their own needs and timeline. By connecting Privé’s wealth management capabilities with FIS’s expertise in core infrastructure transformation, the collaboration represents a leap in the integration of wealth services in a typical banking journey experience.“Customers now expect financial institutions to include personalized financial planning and wealth management, along with traditional banking services,” said Björn Torkar, the Head of Europe here in Privé. He continued, “This collaboration with FIS brings together complementary skills and expertise in core banking digital transformation, customer risk profiling and suitability and digital portfolio management. Privé will work closely with FIS to support financial institutions to digitize their core infrastructure with value-add wealth services as a core value proposition.”You can learn more about Privé’s wide network of digital solutions at our website, DISCLAIMER: This press release is for information purposes only. Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Privé does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Privé and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages. Privé assumes no obligation to update any information contained herein.