Thakral One, additiv and Microsoft to support banks in the Philippines

By Edil Corneille

Thakral One announced today the extension of its relationship with additiv and Microsoft as they seek to expand their focus within the Philippines and support banks access an underserved market.

additiv, a SaaS provider to the wealth management industry, and Thakral One, an IT consulting service focused on bringing global transformative technologies to the Philippines have joined forces locally, to enable banks to implement a fully digital wealth solution built on Microsoft Azure. The integration means that now banks can provide an optimum customer experience at a lower cost with local support, while also potentially accessing an untapped opportunity in under three months through additiv Hybrid Wealth and Wealth Robo solutions using their KickStarter™ model.

The collaboration allows financial institutions to access the market through additiv’s Wealth Robo Accumulator solution on Azure and implemented with partners Thakral One. The solution integrates several Azure services including Azure Cache for Redis and a SQL Database. This offers a simple, transparent, and affordable digital tech solution for financial institutions in the Philippines to empower a greater number of discretionary and advisory clients to make considered, yet low value investments, based on automatically customised or remote personal advice tools.

Kevin Hardy, General Manager Asia Pacific at additiv highlighted, “In these uncertain times, collaboration is key to success. And we cannot stand still. This collaboration allows banks within the Philippines finally to leverage the benefits of having a truly digital investment range with all the benefits of our KickStarter™ model with no integration, capex or implementation fees, delivered in under three months.”

Hardy added, “By offering efficient, engaging customer experiences at every touch-point at anytime, from anywhere, banks can now both service their existing client base but also more cost-effectively access additional markets previously not viable through self-service and personal advisory services.”

Melissa Egasani, SVP and Country Head for Philippines, Thakral One said, “Our team is quite experienced in the areas of Customer Intelligence, Analytics and Digital Process Automation and our Microsoft expertise along with keen focus on Financial Services Domain allows us to be the glue that completes the Additiv and Microsoft proposition in terms of probability of success for implementation in the Philippines.”

Fides Ricasa, One Commercial Partner Director at Microsoft Philippines said, “It has never been more important for financial institutions to be able to efficiently offer solutions that support financial inclusion to the masses. Azure enabled Additiv to create the underlying DFS® Cloud Architecture. As a result, additiv and Thakral One client’s can experience the highest level of speed, flexibility, scale and security that they have come to expect from Azure.”

In June, additiv announced that their wealth KickStarter™ solutions are now available on Microsoft AppSource for Web Apps.