The latest technology news in the wealth management sector from around the world.

Communify Fincentric
Communify, a business led by the former founders of global fintech InvestCloud, is being launched in partnership with private equity house Stellex Capital Management. Communify will be combined with Fincentric, formerly known as Markit On Demand.

Fincentric, which provides digital experiences, curates financial data distribution and other solutions, was carved out from S&P Global. 

The acquisition integrates Fincentric with Communify's client communication, automation, and management business for the global wealth and asset management industries.

John Wise is chairman and CEO of Communify Fincentric, as the organization is now known. 

The combined entities offer a digital platform available through a software-as-a-service-based product suite, including Markets Apps, Client Apps, and Advisor Apps.

As well as serving US brokerage and self-directed investors – a market that Fincentric caters to already – the business will reach out to non-US clients also.

β€œWe’ve followed Wall Street on Demand to Markit Digital/Markit on Demand to Fincentric over the years for their outstanding ability to create compelling user experiences with complex data sets to investors,” Wise said in a statement. β€œTheir numbers speak for themselves – their product gets 165 million logins per month, accessing over 563 million page views per day whilst leveraging 4,000 unique data feeds.”