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The leading asset manager in Europe, Amundi, has announced that it has acquired aixigo, a Germany-based technology firm, for €149 million.
The acquisition will allow the firm to strengthen its capabilities in relation to digital solutions for the distribution of savings products. It is believed that this innovative API-driven platform of Aixigo will enable Amundi to accelerate its roll-out of more sophisticated technology solutions for financial intermediaries, including banks and other distributors of savings and investment products.
Aixigo is a firm founded by Arnaud Picut and Christian Friedrich with a focus on modular technology that can be seamlessly integrated into the IT infrastructure of financial institutions. The company’s platform enables distributors to offer a variety of services, such as client onboarding, portfolio management, order placement, and reporting, through a flexible, customizable API solution. aixigo currently covers more than 20 clients, including some of the global’s biggest financial institutions, who handle combined assets of over €1 trillion. Furthermore, its tools are used every day by around 60,000 financial advisors for client interactions and investment operations.
Acquisition Expected to Further Enhance Amundi’s Digital Offerings through Subsidiary Amundi Technology Headed by CEO Benjamin Lucas, Amundi Technology Provides Technological Services to the Investment and Savings Industry, Including Portfolio Management, Employee Savings, Wealth Management, and Asset Servicing. This Acquisition Further Strengthens Amundi Technology’s Existing Portfolio and Geographical Client Base.
Aixigo’s footprint in strategic markets in Europe, such as Germany, Switzerland, and the UK, will complement Amundi’s operations and customer base. Through the acquisition, the integration of the aixigo platform into Amundi’s service platform will allow Amundi to better serve new and existing clients with solutions that are more robust and scalable in a fast-changing financial services sector.
The company remains an investment leader in asset management for institutions and individuals, constantly investing in its technology to drive innovation and efficiency. Integrating aixigo will further enhance Amundi’s leadership in the digital transformation of savings and wealth management – and on the financial intermediaries themselves. This acquisition enables Amundi to bring even more tailor-made solutions to its incredibly diverse client base as the demand for streamlined, tech-driven financial services grows.
Aixigo’s platform is designed to make financial institutions’ operational efficiency even better through the simplification of new services and features deployment. The ease with which the company can integrate and customize its model based on an API allows clients to respond rapidly to changes in markets, regulatory requirements, or shifting consumer needs. Aixigo enables financial institutions to render better services and higher client satisfaction through a holistic toolset spanning the savings value chain from onboarding clients and keeping their portfolios ongoing to reporting.
Now, with this acquisition, the tools of aixigo will become a constituent part of a larger technological solutions package that Amundi Technology will offer. The aixigo tools will allow Amundi’s clients to conduct a range of portfolio construction, order execution, and reporting operations on a consolidated basis across all product-related functions. The implementation of the aixigo technology will represent heightened efficiency and scalability of services from Amundi to institutional clients in Europe and Asia, including banks, insurers, pension funds, and asset managers.
This deal will further enhance Amundi’s competitive play in the digital savings and investment market. Under pressure mounting on financial services companies to innovate and deliver more personalized services, the incorporation of aixigo’s technology will also position Amundi to provide more sophisticated, data-driven solutions to its clients in the investment, retirement, and wealth management sectors.
