Regulatory services provider SwissComply is to join fintech company Evolute to form Evolute Group AG.
The merger is set to provide asset managers with a platform which combines regulatory services with digital technology. Based in Zug (Switzerland), Evolute Group AG will have further corporate sites in Zurich and Ukraine.
Kaspar Wohnlich takes on the role of chief executive while the board of directors is comprised of fintech entrepreneur Michael Hartweg, former Microsoft Switzerlad boss Peter Blum (president of the board) and financial expert Kathleen DeRose.
Mr Wohnlich said: “The merger allows us to combine the most innovative approaches from the areas of technology and also compliance and risk management, in order to create a unique and modular solution.
“The combination of the best of both these worlds enables us to offer our customers exactly what they need today: regtech and fintech from a single source. This makes it possible to save costs in times of declining margins by increasing efficiency, while at the same time ensuring our customers are well prepared for future regulatory change.”
Founder investor and member of the board of directors with executive powers, Michael Hartweg, commented: “With the merger, we are creating a solution for asset management that redefines the customer experience through both traditional and digital channels, and which can be applied consistently along the entire value chain.”
Since 2013, SwissComply has offered services to asset managers, family offices and banks in the areas of compliance, risk management, IT and back office. Evolute Group will partner with banks, asset managers with and without investments and family offices with regard to the outsourcing of software solutions, compliance & legal, risk management and data operations.