The private bank Donner & Reuschel will use Elinvar's digital platform for its entire wealth management business with private clients.
Berlin – 20.02.2018 The private bank Donner & Reuschel and the Berlin-based FinTech Elinvar have entered into a long-term, far-reaching cooperation agreement. With the goal of enhancing customer benefit, optimizing internal processes, and achieving digital sustainability, the private bank has decided to use the digital platform of Elinvar for its entire wealth management business with private clients. This makes Donner & Reuschel the first cooperation partner of Elinvar that also uses the platform to digitalize its complete business.
“We are glad that we were able to convince Donner & Reuschel to take this step with us. Donner & Reuschel is not only another partner with more than 200 years of experience; it is a bank that also shares our core belief that the best solutions arise through partnerships. As Donner & Reuschel is using our platform for its entire wealth management business, we can demonstrate the platform’s performance in terms of analytical capabilities, compliance and documentation features. We also deliver more efficient processes across the value chain for the management of the private wealth business including the support of Donner & Reuschel’s advisors. Our joint focus is on enhancing customer benefit and user experience,” explains Chris Bartz, CEO & Co-Founder of Elinvar.
The private bank with offices in Hamburg and Munich is also confident about the cooperation.
“The collaboration with Elinvar is a fundamental part of our digitalization strategy,” says Marcus Vitt, Chairman of the Management Board. “We see the technological focus of the platform as the perfect complement to our strengths and experience. By using the platform for the wealth management business with private clients, we expect to make processes even more efficient, improve the user experience for our clients, and thus enable a hybrid advisory offering. In addition, the cooperation with Elinvar enables us to expand our offerings for independent asset managers and optimizing our support for their business in an expanding regulatory landscape.”
The move of Donner & Reuschel’s business to the Elinvar platform will take place in phases, over the course of this year.
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Elinvar bietet eine WealthTech Platform as a Service für Geschäftsmodelle im Bereich der Vermögensanlage. Die multimandantenfähige Plattform bietet Service-Pakete für Kernprozesse wie Kundenmanagement, Online-Abschlussstrecke, Unterstützung in der persönlichen Beratung, Portfoliomanagement, Reporting, Rechnungsstellung, online Kundenzugang und Kommunikation sowie den Anschluss von Drittdienstleistern, bspw. depotführende Banken, Marktdaten- oder KYC-Anbieter. Elinvars Partner profitieren von der Kombination führender Technologien und dem optimalen regulatorischen Setup, das Elinvar durch die entsprechenden BaFin-Lizenzen bietet. Mit diesem vollumfänglichen Ansatz bietet Elinvar seinen Partnern die einzigartige Möglichkeit, effizient neue Geschäftsmodelle umzusetzen, neue Wertschöpfungsketten zu erschließen und ihre Kosten zu optimieren. Indem alle Partner im Ökosystem ihre Kernkompetenzen kombinieren, generieren sie gemeinsam den maximalen Kundennutzen. Die besten Lösungen entstehen in Partnerschaft.
Elinvar is a WealthTech Platform as a Service, enabling asset & wealth managers to digitalize their business models. The multi-tenant platform offers service packages for core processes like client relationship management, online acquisition & coverage, onsite advisory support, portfolio management, reporting, invoicing, online client access and communication as well as third party connections, e.g. to custodian banks, market data or KYC providers. Elinvar’s partners profit from the combination of leading technology and the optimal regulatory setup as Elinvar holds all necessary BaFin licenses. With this comprehensive approach, Elinvar creates the unique opportunity for its partners to execute new business models, to access new value chains and to optimize their costs. As all partners in the ecosystem combine their core competencies, together they generate maximum customer value. The best solutions arise through partnership.