Empaxis, EXL Join Hands to Advance Wealth Management Solutions

US-based middle- and back-office operations firm Empaxis has signed a wealth management pact with data analytics and digital operations and solutions company EXL.

The deal will combine Empaxis' middle- and back-office expertise, with EXL's data, analytics, and digital operations capabilities. It will enable both firms to advance wealth management solutions offerings.

Empaxis founder and CEO Stephen Van de Wetering said: "We're excited to be working with EXL. They're an excellent partner.

"Combining efforts allows us to offer our highly dedicated and robust middle- and back-office services to enterprise-scale, global wealth managers. This partnership will provide exceptional value to clients in this space."

Empaxis and EXL have decades of specific experience when it comes to assisting wealth managers in increasing productivity, automating laborious operations, and reducing wasteful expenses.

The companies will collaborate to create products and offerings that would aid wealth management organisations in automating their back- and middle-office processes.

EXL emerging business executive vice president and head Narasimha Kini said: "Working together with Empaxis, we are able to provide the wealth management industry with the right combination of breakthrough technology, data-led operational improvement solutions and human ingenuity to transform their businesses.

"By combining our two businesses, we can provide our clients end-to-end support services that will help streamline their operations to gain a competitive advantage."

(Source: NS Banking)