Nucoro, the London-based WealthTech startup, has used its development skills to service its first client in the insurance industry.
Swiss insurance broker Swiss Risk & Care tapped the FinTech enterprise earlier this year for the project, which went live in the third quarter of 2019.
The company can now offer wealth management services under the brand name Opsion to its 200,000-strong customer base.
Some of the features in the new solution includes robotic process automation applied to data-related tasks, including KYC and reporting, and shortening the onboarding process to roughly ten minutes.
A benefit of the new service is that Swiss Risk & Care can free up Opsion brokers’s time and give them the ability to tap into an open architecture with an investment universe comprised of mutual funds, ETFs and index funds, providing an advanced investment service for
Lennart Asshoff, CEO at Nucoro, said, “We were very happy to assist Opsion with their project to find new digital capabilities in a highly competitive market. We worked together with their team to define the exact solution they needed, within a workable timeframe. Today, Opsion benefits from an advanced digital wealth management arm, that can engage new clients and revitalise relationships with existing ones too.”
Swiss Risk & Care is a leading insurance and pension broker in the French part of Switzerland. It is a subsidiary of SIACI Saint-Honoré, a leading European insurance broker.
The news comes after Nucoro warned in October that more than half of the companies in the wealth management sector will not still be around in ten years-time if they fail to innovate digitally.
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