AMX was established by advisory firm Willis Towers Watson earlier this year

AMX was established by advisory firm Willis Towers Watson earlier this year

The Asset Management Exchange (AMX) has selected US-based InvestCloud to build a bespoke digital solution for its client base of asset owners and asset managers.

The digital interface will let clients access and monitor some $2 billion of investments already on the exchange.

Established by advisory firm Willis Towers Watson earlier this year, AMX is an open architecture exchange that provides investors with a central marketplace to engage with asset managers. For asset managers, the exchange provides access to capital on a global basis. The goal is to minimise what AMX calls “value leakage” caused by “industry inefficiencies in the investment supply chain”.

InvestCloud says it will automate and consolidate a suite of client reports online and in app form, “tailored to the needs of each specific client base”.

In June, InvestCloud launched its fintech incubator at its London offices. The InvestCloud Innovation Center London follows the blueprint of its Los Angeles counterpart, and officially opened its doors in September 2017.

Also in June, InvestCloud had a spring(bok) in its step as it was appointed by South Africa’s Anchor Private Clients to provide digital client communication and client reporting solutions.

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