- The acquisition will accelerate the deployment of personalised propositions 
at scale across the financial services industry, enabling up to 90% faster 
client onboarding.

- Appway's award-winning low-code no-code workflow automation solution will 
extend FNZ's position as the industry's leading global wealth management 
platform and continues their investment in next-generation technology.

- FNZ is revolutionising the industry by giving financial institutions a single 
platform that integrates seamlessly with their business, empowers the entire 
wealth continuum and is consumable as a service. 

- Combination to strengthen FNZ's position in the $239 trillion global wealth 
market.

- FNZ strengthens its Senior Leadership Team with the appointment of Hanspeter 
Wolf, CEO and Founder of Appway, as Chief Technology Officer of the FNZ Group.

FNZ, the leading global wealth management platform, today announced that it has 
agreed to acquire Appway, the leader in client onboarding and client servicing 
for financial institutions. This strategic acquisition gives FNZ significant 
technology expertise in enterprise-grade low-code no-code workflow automation 
with deep domain expertise across the entire wealth management value chain. 
Hanspeter Wolf, CEO and Founder of Appway, will become Chief Technology Officer 
of the FNZ Group and join the Senior Leadership Team, effective on the 
acquisition closing date.


Photo - https://mma.prnewswire.com/media/1703686/Adrian_Durham.jpg 
Photo - https://mma.prnewswire.com/media/1703687/Hanspeter_Wolf.jpg 

FNZ's success has always been based on understanding the needs of our customers 
and providing them the solutions they need to grow their business. With this 
acquisition FNZ continues to add significant next-generation technology to its 
leading global wealth management platform helping financial institutions around 
the world to accelerate innovation and rapidly deploy personalised customer 
propositions across the wealth continuum that are differentiated, scalable and 
that meet regulatory requirements.

"We are excited that FNZ and Appway are coming together to provide financial 
institutions with an unrivalled platform to accelerate their digital 
transformations, deliver significant operational efficiencies and improve the 
client experience," said Adrian Durham, CEO, FNZ Group.

"Both our companies have a shared vision, relentless focus on customer success 
and a track record of innovation and Hanspeter is an inspirational and seasoned 
leader with rich experience in the technology sector. We are delighted to 
welcome him and the talented Appway team into FNZ."

Appway is a multinational company, headquartered in Zurich. The company's 
award-winning solutions are trusted by leading financial institutions, 
including 10 out of 25 of the world's largest wealth managers, to automate and 
accelerate their business-critical core processes and adapt to new regulatory 
requirements. 

Hanspeter Wolf, CEO and Founder, Appway, said: "I could not be more excited 
about joining FNZ as the Chief Technology Officer and the value we will create 
together.

The Appway low-code no-code workflow automation solutions are based on the deep 
expertise across the full wealth continuum and allow our customers to achieve 
up to 90% faster client onboarding times and a 10% increase in margins on 
average per onboarded client. 

Combining our solutions and the expertise of the Appway team with the strength, 
scale, and commitment of the FNZ Group will help extend our market-leading 
innovation."

Dr. Matthias Allgaier, Managing Director at Summit Partners and Appway Board 
Director, added: "Both Appway and FNZ are leaders in their respective fields. I 
have been proud to work alongside Hanspeter and the Appway team since 
partnering with the company in early 2020. Over the course of the last two 
years, Appway has continued to deliver innovative solutions designed to 
revolutionise the customer experience for financial institutions. I'm looking 
forward to once again working with FNZ, where I previously served on the board. 
I believe this combined team and solution set will help their customers deliver 
revenue growth and improved operating margins through digital transformation."

FNZ provides a complete integrated technology, transaction and custody platform 
to wealth managers, banks, insurers and asset managers in 18 countries across 
North America, Europe and Asia-Pacific. Trusted by more than 150 major 
financial institutions, FNZ has over $1.5 trillion in assets under 
administration, which represents the combined savings and investments of over 
20 million customers.

The transaction is due to be completed by early Q1 2022. Terms of the agreement 
are not being disclosed.

About FNZ

FNZ is a global wealth management platform that partners with the world's 
leading financial institutions to transform the way the industry serves its 
clients.

FNZ provides an integrated technology, transaction and custody platform to 
wealth managers, banks, insurers and asset managers in 18 countries across 
North America, Europe, Africa and Asia-Pacific. 

Trusted by more than 150 major financial institutions, FNZ has over $1.5 
trillion in assets under administration, which represents the combined savings 
and investments of over 20 million customers.

About Appway 

Appway is the leader in onboarding for financial services businesses. Every 30 
seconds a new client relationship is created with Appway. Appway offers 
certified, secure, Cloud-based software for client onboarding, servicing, and 
reviewing to firms from bespoke wealth managers to the largest global financial 
institutions.

Appway software is proven to rapidly deliver unparalleled client experiences, a 
90% reduction in onboarding time, a 10% increase in margin per client, and a 
225% ROI.

Appway's built-for-purpose business solutions are based on the expertise 
gathered over hundreds of deployments worldwide – from opening an individual 
investor account to onboarding a billion-dollar multi-jurisdictional entity. 
With an extensive ecosystem of partners, Appway allows customers to 
intelligently orchestrate the full range of client interactions of any 
complexity.

About Summit Partners

Founded in 1984, Summit Partners is a global alternative investment firm that 
is currently managing more than $42 billion in capital dedicated to growth 
equity, fixed income and public equity opportunities. Summit invests across 
growth sectors of the economy and has invested in more than 550 companies in 
technology, healthcare and other growth industries. These companies have 
completed more than 175 public equity offerings, and more than 200 have been 
acquired through strategic mergers and sales. Summit maintains offices in North 
America and Europe and invests in companies around the world. 


SOURCE  FNZ