back Back

PortfolioCloud enters UK market through integration with Seccl

By Gloria Methri

July 01, 2024

  • Advisory
  • Embedded Investment Platform
  • Europe
Share

PortfolioCloud, Seccl, Portfolio Management, FinTech,  Investment Management, UKPortfolioCloud has announced its entry into the UK market through an integration partnership with Seccl, the Octopus-owned embedded investment platform. This follows PortfolioCloud’s success in delivering flexible, modern API-driven advice tools to large Australian financial institutions.

Seccl-powered platforms can now integrate PortfolioCloud’s technology into their existing platform workflows, providing users with tools for efficient portfolio management and improved advisory processes for both DFMs and advisers.

The partnership supports DFMs, larger advice firms, and consolidators seeking a better way to engage with platforms and streamline shared workflows between advisers and managing models.

Partnering with Seccl underscores PortfolioCloud’s commitment to transforming retail investment management in the UK, enhancing efficiency and portfolio personalisation while meeting regulatory standards and demonstrating strong client outcomes.

The platform integration empowers DFMs with advanced controls and tools through a unified interface, enhancing portfolio construction, management, and rebalancing via the Model Manager Portal. This is particularly beneficial under the ‘Reliance on Other’ framework, where DFMs hold client authority.

Mark Links, COO of PortfolioCloud and former Head of Operations at Transact and AXA Elevate said, “Portfolio management at scale is complex and requires a deep understanding of the workflows for advisers, DFM’s and platforms. As a single-product SaaS business, we leverage this expertise, leaving the platforms to focus their internal resources on other business priorities. We are excited to partner with the team at Seccl as they redefine the way retail financial services are delivered in the UK with integrated technology at the heart of it.”

James Holmes, Seccl’s chief commercial officer, said, “We were impressed with PortfolioCloud’s model management capabilities and their ability to integrate quickly using our API. This allowed us to bring a best-of-breed DFM solution to market while freeing up our internal development teams. It’s another integration we’re proud to bring to market – and another demonstration of how genuinely API-first technology can rapidly and cost-effectively transform experiences for the better.”

Previous Article

July 01, 2024

Axis Bank & Piramal Finance offer loans to underserved segments in India

Read More
Next Article

July 02, 2024

Bandhan Bank launches online collection of direct taxes facility

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Advisory

SMEs leverage cloud to gain competitive edge, study shows

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

Today

Over 72% Financial Institutions to invest heavily in ESG Technology

Read More

July 23, 2024

Plum, UK’s smart money app raises £16m Series B

Read More

July 19, 2024

Airwallex obtains AFSL for expansion into retail investment offering

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
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 2024