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Finantix rolls out Next Best Action in collaboration with InCube

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September 15, 2020

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Finantix LogoFinantix today announced the integration of Next Best Action into its product suite. Next Best Action uses the power of AI to provide personalised financial advice through an accessible user interface and has been developed through the combination of Finantix’ advisory components and InCube’s deep expertise in quantitative finance.

Dr. Boris Rankov, Co-founder of InCube Group AG said, “Digital transformation within the banking industry is a complex process, most quickly and cost-effectively achieved by using specialist providers with modular, API based solutions that fully integrate with existing systems. Both InCube and Finantix have a proven track record of successfully implementing digital projects and Next Best Action is an example of how InCube’s expertise in AI has found synergy with Finantix’s proven front-end technology.”

According to Finantix, Next Best Action will provide wealth managers, relationship managers and advisers with appropriate product and client ideas and recommendations at speed, thus removing the need for time-consuming manual collection and evaluation of information and lowering the cost of servicing clients.

Christine Ciriani, Chief Executive Officer of Finantix, said, “I am very proud to see Next Best Action integrated into our advisory product portfolio. Leveraging insights and preferences to personalise recommendations allows banks to increase the conversion rate of proposals and grow client loyalty. Next Best Action opens the door to the democratisation of private banking, delivering private banking service levels to more clients.”

Finantix along with InCube will be hosting a series of webinars explaining how Next Best Action can help wealth managers, relationship managers and advisors deliver a customised experience to their clients.

Recently, Finantix announced a partnership with Capita Consulting. The collaboration sees Capita assisting clients in the private banking and wealth management sectors and enable them to launch a customised Finantix platform for their needs. Capita Consulting thus becomes a Finantix-certified strategic implementation partner in the UK.

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