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

Finastra, a provider of financial software applications and marketplaces has teamed up with ADVANTAQ, a compliance tech firm operating in the Caribbean.

Banks that use Opics can onboard customers in one portal and use a single vendor for know your customer and anti-money laundering management.

"To support our growth, Finastra is the ideal partner to help us reach new customers by providing a new route to market," Bruce Bowen, chief executive of ADVANTAQ, said. "Our secure, automated compliance solutions are an ideal match for Finastra Opics clients, and we look forward to helping more banks across the Caribbean achieve increased efficiencies so they can focus more closely on the needs of their customers."

Chandrasekhar Chingacham, head of product for Opics, treasury and capital markets at Finastra, added: "As banks work to ensure their compliance procedures are both efficient and centralized, this new partnership gives back-office teams the tools they need to simplify client onboarding and manage processes effectively.”

Finastra Opics is a solution for managing core treasury and back-office processes.