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UK-based wealthtech WealthOS has secured a contract with Quai Digital, a supplier of white-labelled digital financial savings options, to develop into the agency’s new strategic expertise companion.
WealthOS chosen as Quai Digital’s expertise companion
Based in 2019 and backed by Barclays, WealthOS offers a Software program-as-a-Service (SaaS) platform which it claims might help wealth managers obtain their “digital transformation thrice sooner and 40% cheaper” by offering them entry to its built-in ecosystem of third-party distributors through APIs.
The brand new partnership will see Quai Digital leverage WealthOS’ composable answer together with its personal proprietary software program to help its present purchasers. The corporate presently claims to handle over 200,000 accounts, which incorporates ISAs, GIAs, and SIPPs.
As well as, Peterborough-headquartered Quai Digital will look to utilise its new companion’s software program capabilities to assist it realise its development ambitions, with plans to launch extra services and products within the wealth administration area.
WealthOS’ CEO and co-founder Anton Padmasiri hints that Lifetime ISAs and absolutely digital drawdown pensions shall be simply two of the longer term monetary merchandise produced by the pair.
Talking on the corporate’s new strategic companion, Quai Digital’s CEO Tony Webb states that WealthOS’ “depth of technical experience” enhances the agency’s “in-house credentials”, including that the collaboration will allow the corporate to “develop our operational functionality”.
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