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Global investment bank selects InvestCloud for wealth management
10/08/2017 , News Team

InvestCloud, a global fintech firm, has been appointed by Dinosaur Merchant Bank to provide the new digital platform for the bank’s European and Latin American wealth management customers. The bank will be using InvestCloud’s flagship client portal solution, Blue.

The bank will also benefit from InvestCloud’s digital warehouse capabilities, which aggregates data from many diverse data sources, integrates that data into meaningful information, stores the information securely and provides apps for real-time analytics. This includes external news and social media sources alongside market and portfolio data, and integrates with Dinosaur Merchant Bank’s own data sources. 

The InvestCloud client portal will be used across the bank’s European and Latin American institutional asset management business, digitalising many currently manual processes. It will provide clients with an interactive view of their data and a document portal to view reports and manage content. 

Tenette Abanilla, director at Dinosaur Merchant Bank, said: “The need to provide outstanding digital experiences is a top priority for all financial service providers. Customers not only want digital engagement; they expect it. To be sure of success, we sought an intuitive platform that would give our customers the ability to interact with us whenever, and however, they want.

"InvestCloud provides the answer. Choosing InvestCloud ensures our customers are equipped with the tools they need, while also integrating seamlessly with our own data.”

Dinosaur Merchant Bank is a global investment banking, institutional brokerage and wealth management service provider, with $400 million in assets under management. The new digital platform will ensure all data is consolidated into the client’s digital portal from the outset.

Will Bailey, executive vice president for Europe and Innovation at InvestCloud, said: “Wealth and asset managers face a turning point: go digital or face the consequences. But they also need to understand how digital can transform their business. It is far more than a branded online presence. Done right, a digital platform will create a whole new way of doing business, building greater efficiencies for managers and ensuring longer and happier customer relationships.”

This follows InvestCloud’s $20 million acquisition of London-based fintech firm Babel Systems. The firm has also recently increased the size of its European base, tripling its headcount to 60, and taken out new offices in Soho to accommodate further growth in 2017.

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