Finantix, a software builder for banking, wealth and insurance industries, has named Tim Wood as its new chief financial officer.
This is just the latest in a sequence of senior appointments at Finantix to support and engineer its expansion across the European, Asian and North American markets. The company’s growth has been advanced following the strategic investment from Motive Partners late last year.
In the position, Wood will lead the financial operations during this ‘crucial phase in growth’ and will have a major input in complex deals and operations. Having built experience of fostering strong operating and KPI management in investor-backed companies makes him a suitable fit for the position.
Previously, Wood served as the CFO at Intelliflo which offers SaaS software to the IFA industry. Over the course of his stint he helped double turnover and treble profit. He has also acted as the financial director at Higher Education Online, and workforce management software company Clicksoftware Europe.
Finantix builds end-to-end digital transformation services which span wealth advisory services, robo-advisor support, automated KYC, digital banking and insurance. The company offers a range of solutions and APIs for banks, and insurance firms.
Its technology can be used to help with digital bank transformation by providing digital lending, automated KYC, robo-advice, digital onboarding and online banking. The automated KYC tools allow for instant onboarding of new prospects and conducts repeated check for rescreening needs. The KYC and AML tools are fully customisable to meet specific risks in countries and ensure a transparent audit trail for all documents and processes.
Insurance companies are able to access technology for automated sales, self-insurance, quotation and illustration, smart digital forms and banassurance.
Finantix co-founder Ralf Emmerich said, “It is a pleasure to welcome Tim to the senior management team as his experience will bring substantial benefits to our expanding financial operations. As our new CFO, he will also be playing a vital role in further developing our key network of local and global partnerships which provide a vital component in our provision of innovative and integrated solutions to our worldwide clients.”
Last year, Finantix acquired smartfolios to combine its AI capabilities with the quantitative analysis solution to establish a peerless digital wealth management service. smartfolios offers quantitative analysis-enabled advisory and investment support to investors, supporting the entire wealth management process, from strategy building through to investment proposals, monitoring and rebalancing of investments.
