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Allfunds buys Finametrix

Allfunds buys Finametrix

Allfunds, the investment platform, has bought Fintech business Finametrix, which offers digital services to asset managers.

The two companies will offer their services jointly but independently going forward, without the agreement affecting any services or clients that currently use both service platforms separately.

Allfunds will continue offering global solutions compatible with all types of technology providers, while Finametrix will continue to be compatible with the rest of the operating platforms in the market.

Juan Alcaraz, chief executive of Allfunds, said: "We are enhancing our offering with the most innovative technology, front-office digital solutions, big data and tools that help our clients to lead the change that is taking place in the sector."

Salvador Mas, head of Finametrix, said: "We are very happy to be able to provide continuity and scale with a company that we have admired for many years, Allfunds.

"The technological challenges in the sector are so great and there are so many opportunities that we could not dream of being in a better position to add value to our clients."