FNZ and Microsoft have teamed up to accelerate digital transformation across the wealth management industry.
The five-year partnership, announced today (28 July) strengthens FNZ’s global platform by enhancing its AI, automation and cloud capabilities.
The aim of the collaboration is to drive value for financial institutions and their clients by boosting operational efficiency and increasing speed to market.
By integrating Microsoft Azure AI Foundry at the heart of its platform, FNZ said it is “redefining” how financial institutions, advisers and clients interact by delivering more personalised, intelligent and resilient digital wealth management experiences.
The collaboration with Microsoft allows FNZ to bring new solutions to market faster, enhance client outcomes and boost adviser productivity and drive innovation.
With more than 650 financial institution partners, over 26 million end investors and close to $2trn in assets under administration, FNZ brings scale to the partnership.
It also provides Microsoft access to one of the largest wealth management data sets in the world.
Roman Regelman, group president at FNZ, said: “FNZ has always been at the forefront of innovation in wealth-management technology.
Partnering with Microsoft allows us to accelerate our AI-led roadmap and enhances our ability to deliver personalized, intelligent and resilient solutions to our clients, strengthening our position of leadership.”
“Together, we are not just upgrading technology. We are setting a new standard for how wealth management is delivered.
Partnering with Microsoft further advances our mission to open up wealth, by making investing more accessible to more people worldwide.”
Bill Borden, corporate vice president, worldwide financial services at Microsoft, said: “Our partnership brings together Microsoft’s AI and cloud technologies with FNZ’s global platform and expertise in wealth management to deliver insights that will lead to more impactful and personalised experiences for advisors and their clients.
“Together, we’re helping financial institutions lead as Frontier Firms by reimagining their operations through agentic AI, accelerating innovation, and unlocking new value across the wealth management ecosystem.”
In 2022, FNZ partnered with Envestnet to create a fully digital, integrated wealth management experience for the US market.
The deal will see the integration of the two firms’ digital platforms to provide for real-time account opening and funding.
