additiv, a leading SaaS provider for credit and wealth management, has teamed up with QCENTRIS, an IT services firm focused on implementation of digital transformation projects, as it seeks to expand its presence in key countries in Middle East and North Africa. QCENTRIS will provide implementation and delivery services for new additiv customers, particularly for new takers of its Hybrid Wealth Management and Digital Wealth Inclusion solutions, for which additiv expects very strong growth in 2020 and beyond.
The two companies began working together at the end of 2018 and have now agreed to enter a strategic collaboration focusing on various countries in North Africa & Middle East - a region where, according to Oliver Wyman, wealth is growing at twice the rate of developed markets and creating significant opportunities for new and incumbent’s financial services providers.
The additiv Digital Finance Suite is a cloud-native ‘System of Intelligence’ that allows financial institutions to rapidly and cost-effectively launch smart, engaging and highly personalized wealth and credit services, making it an ideal choice for fast-growing markets.
Focused on the financial services and insurance industries, QCENTRIS’ mission is to deliver superior software and technical integration that enables customers to move further and faster and ultimately to realize their vision and objectives. Elmo S. Ninier, QCENTRIS Group Chief Digital Officer, commented, “with our implementation knowhow in both WealthTech and LendTech, we believe we are the perfect partner for additiv to support its rapid growth trajectory.”
Silvan Schriber, Head Corporate Development, additiv, added: “QCENTRIS is the perfect partner for the implementation of additiv’s Digital Finance Suite ecosystem solution in a market with large growth potential. Thanks to its long-standing reputation in Egypt and surrounding countries, the QCENTRIS team adds a profound in-depth local expertise with financial services institutions. And thanks to previous client projects that were successfully implemented by QCENTRIS for additiv, we build on a common base of mutual trust and joint experience.”
Ahmed Abdeltawab, Country Manager QCENTRIS Egypt, stated: “Market interest for digital ecosystem solutions in Financial Services is growing at a fast rate, with high demand from both government agencies and private sector financial service providers. With additiv’s Digital Finance Suite, we can offer a proven solution to our clients that is in use with leading Banking and Investment firms in Europe, Africa, the Middle East and Asia.”