Fri, Nov 08 2024
The acquisition of assets for its Tifin AG platform has increased Tifin's capabilities to assist wealth management businesses in driving organic development through net new assets. Tifin is a leading AI and innovation platform for wealth.
TIFIN AG is slated to acquire skills from the company's internal Technology Practice, which is devoted to developing AI and data science solutions for WestCap and its portfolio firms, in collaboration with the strategic operating and investing firm WestCap.
In addition to creating a new business acquisition package for wealth enterprises on TIFIN AG, the acquisition will contain several analytical models that will be integrated into TIFIN AG's current growth packages. Furthermore, WestCap plans to acquire a minority stock position in TIFIN AG. This collaboration is consistent with WestCap's ongoing goal of creating cutting-edge instruments and technologies that advance industries.
TIFIN Partner Cor Hoekstra stated, "We at TIFIN AG have been steadfast with our focus to utilize the most advanced AI models to bring more individuals into the world of financial advice and help firms grow." "We can accelerate our impact by integrating WestCap's expertise and models with our wealth enterprise clients thanks to our partnership with them."
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