Global wealthtech NeoXam announces ‘milestone’ | Australian Markets

European wealth technology developer NeoXam has hailed a “pivotal step” in its APAC enlargement, saying the opening of its second Australian workplace.

The Paris-headquartered fintech – boasting big-name purchasers together with the Singapore Exchange, Groupama and the National Bank of Canada – will set up store in Melbourne, aligning, it says, with its aim to increase its localised servicing model.

NeoXam mentioned its new Melbourne base will allow it to not solely ship “timely service and implementation support to clients in Victoria” but additionally “around-the-clock” help to its world consumer base.

NeoXam Australia nation head Daniel Joseph famous the “rapid expansion” of the firm’s consumer base in Australia, with the wealthtech confirming a current deal with BNP Paribas to back its Post-Trade Data Management offering.

“Especially in relation to the recently announced Investment Data Management service partnership with BNP Paribas, we saw the need to open a second office in Australia, to be even closer to our clients, and the asset owner community in Melbourne,” Joseph mentioned.

The firm launched its first Australian workplace in Sydney back in 2023, noting important growth within the native market since then.

NeoXam is among the many world’s main builders of knowledge management, regulatory compliance, and investment options for the financial companies sector (together with asset managers, asset house owners, and banks), serving more than 10,000 customers and processing more than €25 trillion (AU$44 trillion) value of belongings every day.

NeoXam Australia offers a vary of investment knowledge options (knowledge management, efficiency analytics, portfolio management, consumer reporting, and reconciliation software program), boasting a modular and absolutely unified knowledge answer for front-to-back investment operations.

NeoXam managing director for APAC Tim Versteeg added that the opening of the Melbourne workplace serves as a “major milestone” within the firm’s APAC journey, demonstrating its “deep commitment to serving our clients where they are, with dedicated, in-market teams who understand their challenges and can support our solutions locally.”