Communify Completes Purchase Of Fincentric From S&P Global

Communify, a company from Just Build It (JBI) led by the founders of InvestCloud, is joining forces with Stellex Capital Management. This partnership aims to allow Communify to buy Fincentric, which was previously known as Markit On Demand. Fincentric is a provider of digital experiences and financial data solutions. It was spun off from S&P Global.

Fincentric will merge with Communify’s existing business in automation, client communication, and management for global wealth and asset management. Both firms will come together to form a new company called Communify Fincentric.

Communify Fincentric Offers An On-Brand Digital Platform For Financial Institutions

The new company, Communify Fincentric, marks a big step forward in financial technology. It tackles the industry’s ongoing problems with scattered data and poor digital experiences.

Communify Fincentric brings together market and client data to offer a full, on-brand digital platform for financial institutions. The platform is available via a SaaS-based product suite with Advisor Apps, Markets Apps, and Client Apps. It also includes advanced AI, personalization, and automation, which are specialties of the JBI and Fincentric teams.

With Fincentric’s strong position in the US brokerage and self-managed investment areas, Communify Fincentric is set to expand domestically and globally. It aims to support the larger wealth and asset management sectors.

The company said it can expand its reach thanks to a versatile delivery method. This method allows it to offer both standard products and personalized solutions for large businesses globally.

Communify Fincentric Aims To Become A Top Firm In Financial Data Handling

The combined firm plans to merge Fincentric’s 30 years of experience, serving more than half of the top US online brokerages, with Communify’s advanced design and technology abilities. It aims to create a top leader in financial data handling and communication.

John Wise, the Chief Executive Officer and Chairman of Communify Fincentric said the company has always followed and worked with various companies over the years.

It began with Wall Street on Demand, then moved to Markit Digital, and now works with Fincentric. He commended these companies for their great ability to make complicated data clear and interesting for investors.

Renee Spampinato, Global Head of Fincentric, stated that merging the company’s top market data with Communify’s best client data solutions offers a strong chance in the market. She highlighted Communify’s team for its outstanding design, market strategies, and value creation. She’s excited about joining forces with teams that focus on design and innovation.

Irina Krasik, Managing Director of Stellex Capital Management, noted that the firm works to match valuable assets with top operators to increase value. She also said the JBI team at Communify has a great reputation for growing businesses and was the perfect choice for this chance.