SAVR, a renowned savings company, has joined forces with FNZ, a global powerhouse in wealth management platforms.
SAVR, known for its disruptive approach in the Swedish investment sector, aims to revolutionize savings with innovative solutions. On the other hand, FNZ stands tall as a global leader in wealth management technology, boasting a comprehensive and scalable platform.
The essence of this partnership lies in SAVR’s goal to upgrade its digital investment platform specifically for the Swedish market. By integrating FNZ’s cutting-edge technology, SAVR plans to broaden its spectrum of investment products, including equities and ETFs. This move is anticipated to significantly enhance the digital investment experience for SAVR customers, offering a suite of new features and capabilities for more efficient and convenient investing.
Delving into their respective domains, SAVR has been a game-changer in the Swedish savings industry since 2019. It made a mark by introducing Sweden’s first open fund platform, which uniquely refunds all commissions to the customer. To date, SAVR has refunded nearly $5m in fund commissions, disrupting traditional fee structures. FNZ, conversely, administers over $1.5tn in client assets and partners with over 650 financial institutions and 12,000+ wealth management firms globally, underlining its dominance in wealth management platform technology.
The partnership is more than a mere collaboration; it’s a fusion of vision and innovation. SAVR seeks to leverage FNZ’s robust infrastructure to ensure unprecedented uptime and minimal server disruptions. This collaboration is set to redefine reliability in the industry, offering a superior user experience and a comprehensive investment platform.
Daniel Aarenstrup, CEO of SAVR said, “SAVR is an innovative and disruptive product in an otherwise stagnant Swedish investment landscape. FNZ, in the same vein, is a global innovation leader in the wealth management sector.
“Through our partnership, we will be able to offer a comprehensive investment platform with a superior user experience, built on FNZ’s world-leading technology and scalable solutions. Beyond that, our collaboration will leverage FNZ’s robust infrastructure, which is redefining reliability in the industry, ensuring unprecedented uptime and minimized server disruptions.”
Klaus Renvall, CEO Nordics at FNZ, commented, “We are delighted to have partnered with SAVR to deliver this exciting digital investment platform. We have a shared vision of opening up wealth by providing wealth management platforms that make investing more transparent, accessible and personalized for everyone.”
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