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Fintel acquires FinTech provider ifaDASH

By Gloria Methri

March 26, 2024

  • Consumer Duty
  • FinTech
  • FinTech Acquisition
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Fintel, ifaDASH, FinTech Provider, Fintel IQ, UKFintel, the provider of FinTech and support services to the UK retail financial services sector, has announced the acquisition of ifaDASH, a practice digitisation solution supplier. The acquisition was conducted through Fintel IQ, the company’s technology and knowledge platform, with an investment designed to support ifaDASH’s accelerated development, growth, and reach.

The ifaDASH system acts as a hub through which advisers can connect front and back-office CRM data, training and competence MI, and information on vulnerable clients from multiple systems onto a single integrated platform.

Devised by former IFAs, the ifaDASH solution has been in development for just over two years. It was designed to add efficiencies to adviser businesses, reduce regulatory risk, and free up adviser time from administrative tasks while providing management with information at the click of a button to support their businesses’ governance.

Neil Stevens, Joint CEO of Fintel, said, “There is no other solution like ifaDASH currently available, and there’s a clear and genuine gap for it in the sector. The increased visibility and transparency ifaDASH offers to a heavily regulated market will prove immensely valuable for advisers, particularly since the implementation of the Consumer Duty.

Fintel IQ already houses market-leading and innovative tech solutions from across the entire financial services profession, and ifaDASH, which can help bring those solutions together simply and efficiently onto a single platform, is a perfect fit for our strategic growth. Offering advisers more streamlined efficiency and less admin and risk aligns perfectly with our objectives to deliver better financial outcomes to more consumers, and we are excited about ifaDASH’s next steps as part of Fintel.”

Mark Newman, Director of ifaDASH, added, “As part of our growth strategy, we are delighted to be part of the Fintel family, to join forces, and to continue delivering our unique solution to the industry. As ifaDASH continues its quest to provide a hub for full visibility and drive efficiencies and growth within businesses, we are excited about the future for the industry and, with Fintel at our side, to expand the possibilities further than before.”

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