Temenos has entered into a definitive agreement to acquire Zurich-based fintech company additiv to strengthen its wealth management technology suite.
The acquisition integrates additiv’s software orchestration layer directly into the Temenos banking platform.
The transaction targets growing demand from financial institutions looking to launch scalable, hybrid wealth models.
additiv’s technology combines workflows and data into a single layer. This allows banks and wealth managers to design and launch mass affluent wealth services.
According to additiv, its platform reduces the typical implementation timeframe for new wealth services to between three and six months. This compares with an industry standard of approximately 12 months.
The firm has around 200 employees across 10 global offices. It serves 30 clients across the wealth management, banking, and insurance sectors.
Temenos plans to use the platform’s AI capabilities to automate more complex banking workflows over time.
These include client onboarding and loan origination, which will be managed through AI agents using specific governance controls.
Expanding wealth management capabilities
As Temenos acquires additiv, the company intends to expand its client footprint in investment services across retail, universal, and wealth banks.
Temenos expects the integration to create additional cross-selling opportunities across its current global customer base while providing existing wealth clients with more adaptive front-office workflows.
“This acquisition strengthens our wealth proposition at a time when we see strong, growing demand for our products across tiers and geographies in the wealth segment,”
said Takis Spiliopoulos, CEO and interim CFO of Temenos.
Spiliopoulos added that additiv’s orchestration capabilities complement the existing Temenos platform to support the delivery of personalised, regulatory compliant wealth services efficiently and at scale.
Continuity and geographic expansion
Following the completion of the transaction, additiv will retain its name and brand. The company will continue to support its existing clients and partners to ensure continuity of service.
“Joining Temenos enables us to scale our orchestration approach globally, including into the US,”
said Michael Stemmle, Founder of additiv.
Stemmle noted that the combination allows the fintech to pair its orchestration capabilities with Temenos’ banking and wealth technology infrastructure for the benefit of its clients.
Featured image credit: Edited by Fintech News Switzerland, based on image by awaisbinaziz7862 via Magnific
