back Back

Lunate and BNY Mellon to invest in new WealthTech company

By Delisha Fernandes

November 23, 2023

  • Analytics
  • Asset Managers
  • Bny Mellon
Share

BNY Mellon, Lunate, Wealth Technology, investment management, asset managers, private banks, investment houses, risk management reporting, analytics, Fintech news, Fitech MENALunate, an investment management company and BNY Mellon, a wealth management technology are investing in a new company, Alpheya, that will develop a customized wealth management technology platform for wealth and asset managers in the Middle East and North Africa (MENA).

“We look forward to leveraging our local industry and investment expertise with BNY Mellon’s long history in wealth technology solutions to help wealth managers in the Middle East meet the evolving needs of their clients,” said Seif Fikry, Managing Partner, Lunate. “Not only will this new platform transform wealth capabilities for financial institutions across MENA, it will also strengthen Abu Dhabi’s role as a global hub for wealth and asset management.”

The new financial technology company will meet the growing demand in the Middle East from wealth and asset managers, private banks, and investment houses, for an end-to-end digital solution that delivers a range of services, including client onboarding, financial planning, portfolio construction, trading and rebalancing, risk management reporting, and analytics.

“Wealth franchises today are managing complex technology environments and a multitude of investment options, that are all supported by more data and analytics and increasingly sophisticated risk management practices,” said Roger Rouhana, CEO of Alpheya. “The creation of a wealth technology solution that provides digital tools and software solutions in one integrated platform and is customized for the Middle East, will greatly enhance the ability of regional wealth managers to grow in a scalable and client-centric way.”

Built on open and modular architecture, the platform will provide the digital tools and solutions for clients to meet the growing challenges of managing complex technology and numerous investment vehicles, so they can focus on engaging with their clients and expanding their business.

“BNY Mellon is one of the largest wealth management technology providers, and the new company will leverage our deep expertise in providing wealth managers and investors digital tools and solutions for enhancing portfolio management, seamlessly connecting to local and global providers, and harnessing world-leading data management capabilities,” said Akash Shah, Chief Growth Officer, BNY Mellon.

Previous Article

November 22, 2023

Finalto deploys Solace PubSub+ to upgrade trading platform

Read More
Next Article

November 23, 2023

Mashreq Bank, Visa, Ecolytiq launch climate banking platform

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Analytics

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

Intellect unveils ‘First Principles’ technology suite, eMACH.ai, for bankers in the Middle East and Africa

Read More

February 23, 2024

Crédit Agricole du Maroc tap Entrust to boost digital payment offerings

Read More

February 23, 2024

Ebury and Nium team to offer cross-border payments in Brazil

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023