Amundi Austria has acquired fintech Finventum GmbH from Austrian retail banking company BAWAG P.S.K. and the company founders.
The acquisition aims to meet the growing need for digitalised financial services in Austria, especially for digital portfolio management.
Finventum owns Savity Vermögensverwaltung GmbH (Savity), an established, licensed and regulated Austrian advisory platform offering digital asset management services.
Expanding its technology solutions range with Savity will enable Amundi to better serve its partners, distributors and its retail clients in Austria, the asset management company says.
Guillaume Lesage, chief operating officer at Amundi, says: "At Amundi, our goal is to serve our distribution partners beyond the product offering to meet their customers' growing need for investment advice and innovative, tailored and cost-effective technology solutions.
“Savity exactly meets these requirements and enhances the Amundi Technology footprint in the B2B segment. This powerful technology, combined with our expertise in robo-advising and the extensive portfolio management capabilities of Amundi, will drive further the development of Savity.”
Gabriele Tavazzani, CEO of Amundi Austria, comments: “This new offer will enhance our development as the credible leading European technology provider in the Austrian market. Thanks to the extensive capabilities of Amundi, we will be able not only to serve existing Savity direct clients, but also provide new digital tools and services to our partners.”
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