Digital financial investment and wealth management are currently central underlying themes in the financial market. aixigo has developed a suitable solution for both of these — our high performance portfolio management software via APIs.
To precisely and simply explain this software in just a few seconds, we have produced two short films during recent months. The first part covers the connection between our technology and Amazon Echo; since with the digital portfolio management solution by aixigo, you can not only perform mass calculations for millions of portfolios within a few minutes but can also provide high speed responses for human speech interaction. See here: aixigos digital solution with the amazon Echo!
aixigo has relaunched its high performance portfolio management system for the fully digital wealth manager investify.
aixigo has further expanded the features of the high performance portfolio API. It accepts large amounts of data as raw material from legacy systems, refines them quickly, on a mass capable and flexibly into information and makes it available to all customer systems.
The aixigo API currently comprises just under 100 services. Each of these services can be configured individually using call parameters. For digital wealth management, the API provides all the processes and functions required for volume business. This makes wealth management services suitable for the masses and is no longer reserved for very wealthy clients. The flexibility of the REST API allows financial service providers to innovate even the digital customer experience. Be it via apps, chatbots or voice interfaces.
In the case of investify, this primarily concerns the areas of portfolio analysis, monitoring and reporting. Here, the API is used as an infrastructure component to supply investify’s customers with enhanced data. In concrete terms: regular portfolio reporting and detailed analysis results that are available on-demand.
“The speed and mass suitability of the module enables an extremely scalable portfolio analysis, which is crucial for digital asset management. Moreover, it is a decisive advantage of investify for high volume B2B cooperation in the banking and insurance sector”, says Sebastian Hasenack – founder & managing director of investify.
“The aixigo high performance portfolio API is based on five basic principles that we have not invented but consistently apply. To make the data quickly available, it is stored in an in-memory database . We use so-called cache-oblivious algorithms to reduce processor waiting times,” says Fabian Budde – Head of Customer Projects aixigio AG.
The fast transfer of data between different algorithms is guaranteed via high speed interconnections. The flexibility results from a REST API design and an integrated BPM engine. In this way, aixigo equips financial service providers with state-of-the-art technology and makes them fit for the challenges of the future.
And the winner is … aixigo! With its Wealth Management Platform – the fastest on the market – aixigo wins the Award in the category Outstanding Front-End Digital Solutions Provider (Vendor) at the Private Banking Conference & Award Germany 2018.
The market for personal investments will change radically: Digitalisation, competition, regulation and clients are pushing financial service providers towards innovation in the field of investment. Channels, services and techniques need to be newly invented to comply with the given requirements.
With the provisions of MiFID II / FIDLEG, which came into force at the beginning of this year, banks and financial service providers face challenges such as cost transparency. In addition, innovation pressure from FinTechs and the massive expansion of ETF offerings are driving institutions to action. The changes made by the ECJ ruling in 2017 and new channels such as Alexa & Co. are giving banks and financial service providers new opportunities in sales.
aixigo at the Finanzdienstleister der nächsten Generation 2018, Frankfurt
Once again, the Frankfurt School of Finance & Management Conference took place in Frankfurt on April 11. Bernard Ehrlich, Head of Consulting & future lab at aixigo, revealed to the audience the background of aixigo’s trend-setting portfolio technology. Which trends dominate the market? Which requirements for banking technology do these trends entail? Moreover, how did aixigo implement these high requirements?
As an introduction, Bernard Ehrlich initially reported on three key trends in the securities business: Regulation. Digitalisation. Big Data & AI. Each of these trends places special demands on banking technology.
In the past three months aixigo was on the way to and at different events in London. Starting with the Robo Investing in London leading to the last event of the FinovateEurope at the start of March 2018. Finally, we can quickly outline the events in a few words:
Robo-Investing, 01. 02. 2018
With a presentation during a panel slot, Mario Alves presented and introduced aixigo to the attendees. In a very short Q&A session, the panel attendees discussed financial topics and questions asked by the audience on stage.
aixigo will be taking part at the Digital Integration in Wealth Management in London – within two days, from 21st to 22nd February, Arena International will discuss the digitalisation in the financial sector with its speaker and visitors. It is the second year for the event – but the first year with aixigo as a sponsor.
With its Digital Portfolio Management Technology for personal and robo advice, aixigo will show the audience how to manage hundreds of thousands of portfolios; with just a handful of people, profiting from unrivaled efficiency and flexibility.
These last weeks have been incredibly exciting here at aixigo. We were able to make a giant step in the utilisation of our technology. Until now our single largest installation has held 1.3 million clients and their securities accounts. Now this product has been expanded to over 4 million clients. This really makes us proud – and we will continue to see the technological development of our products as unique part of our positioning.
Already at the beginning of 2017, aixigo presented its High Performance Portfolio Management System using APIs at the FinovateEurope 2017 in London. In 2018, visitors can look forward to an innovative software solution again.
Mario Alves, Head of Sales and Partner Management, said: “We are delighted that our innovation for 2018 will inspire FinovateEurope again and lead us to a presentation at the event.” In March, during the showcase or in the beginning of 2018, you will learn about the new software solution when FinovateEurope presents the participants on its event page and on the Finovate blog.
FinovateEurope is a short-presentation based conference for innovative start-ups and established companies in the banking and financial sector. The organizer of the London conference is the FinovateGroup. Participants and visitors will be offered exciting insights into the future of money market development through a fast-moving, private and unique format. Read more about the event here or watch video insights from past Finovate events: finovate.com.
In addition to the innovations presented by the participants during the conference, the event itself has a surprise for its audience: unlike in previous years, the event will last for four instead of the previous two days. So we can look forward to great news on the event.
Come with us, experience our 7-minute showcase live on stage and then meet us at the conference at our stand. In addition, you have the opportunity to get in touch with many interesting participants and visitors of the FinovateEurope, to exchange ideas and to network.
With our special discount code you save 20% of the entrance fee! Simply enter the code “FKV2335AXT” when registering. We look forward to meeting you there!
The “Banking IT-Innovation Award” is presented by the Business Engineering Forum of the University of St. Gallen and honours innovative and technology-based solutions that convince both at the customer front and the back office. aixigo accepted the most important IT award in Switzerland at the award ceremony in St. Gallen on 16 November.
The three winners of the 2017 Award were honoured at the Business Engineering Forum. Next to many high-caliber key-note speakers, the award winners presented their innovative solutions to the selected audience. For aixigo, Christian Friedrich, CEO aixigo, and Marcus Gründler, Head of Portfolio Management Systems at aixigo, presented aixigo’s new Wealth Management platform, which stands out for its speed and portfolio mass management and convinced the independent jury.
aixigo’s Wealth Management Platform manages to analyze and calculate millions of portfolios in minutes – no system on the market is that fast up to now. Even extremely broad portfolios (> 30,000 transactions, 10-year history) can be analyzed in milliseconds. Based on the APIs, the Wealth Management Platform is flexible – enabling both a cloud and custom solution. Currently, all functionalities covering the aspects of a digital asset management offer are included (eg. performance measurement, risk monitoring, rebalancing etc.).
Christian Neuenhaus, Head of Marketing and Communication at aixigo, managed the entire application process of aixigo. In September, the application to the University of St. Gallen went out and only a month later aixigo got the answer and announcement about the award:
“Aixigo’s High Performance Portfolio Management System demonstrates the importance of back-office innovation, which is often not visible to the end user. The cloud-based solution enables new use cases through its performance. On the one hand, asset management is democratised, as it creates an infrastructure that enables wealth management in the retail sector as well. On the other hand, the requirements of future technologies (e.g. KIs) are anticipated and enabled. All of this happens in a way that also makes it easier for traditional providers to transform to this new technology base.” Judgment of the jury of the Banking IT-Innovation Award 2017.
Ralf Steinhauer, Senior Sales Manager aixigo, and Christian Neuenhaus were also present at the award ceremony in St. Gallen on 16 November next to the presenters: “It has been shown that practical innovations that are extremely important – for both the bank and the customers – find a corresponding appreciation in the market. Even the key note speakers of the awarding show the importance for the Swiss area.”