Aixigo relaunches digital portfolio management system
Digital wealth manager Investify has a new portfolio management system courtesy of its partnership with Germany’s Aixigo, reports David Penn at Finovate.
The system, accessible via API, features a variety of enhancements for the portfolio to intake and manage data sets from legacy systems, refine them, and make the data available to all customer systems.
“The Aixigo high performance portfolio API is based on five basic principles that we have not invented but consistently apply,” Fabian Budde, Aixigo head of customer projects, says. “To make the data quickly available, it is stored in an in-memory database. We use so-called cache-oblivious algorithms to reduce processor waiting times.”
With nearly 100 services, the API provides digital wealth managers with processes and functions for high-volume business, enabling the platform to serve both average and wealthy customers.
And as a REST API, the firms say the technology supports innovation from financial services providers looking to further develop their digital customer journeys with apps, chatbots, or voice interfaces. For its part, Investify will use the portfolio analysis, monitoring, and reporting services available through Aixigo’s solution.
Luxembourg-based Investify has 15 employees and has raised more than €2 million in funding.