New Wealth to Grow Distribution in Indonesia
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The Singapore-based digital wealth engagement solutions provider has its sights on the retail and affluent banking segments in Indonesia.
New Wealth has inked a strategic partnership with digital engineering firm HAXtech to distribute its solutions to banks, insurance, and fintech firms in Indonesia, the company announced in a press release on Friday.
The partnership promises improved market access, faster project delivery, and enhanced in-country client support, New Wealth said in the announcement.
CEO Löic Pitrou said the company is currently expanding its ability to deliver multiple digital finance projects in Indonesia to support the fast-growing digital savings and wealth management sector there.
Pitrou, a digital finance strategy and Robo-advisory specialist, founded New Wealth company in 2018. Its senior management team includes head of the experience lab Sudhir Nain and chief technology officer Simon Mazas. The company provides sales and advisory tools and applications for both relationship managers and self-directed investors.
Its clients and partners include Commonwealth Bank, Standard Chartered, Morningstar, Eastspring, and Savio, according to its website.
Questions & Answers
Q.What is the primary objective of New Wealth's expansion into Indonesia?
What is the primary objective of New Wealth's expansion into Indonesia?
New Wealth aims to grow its distribution network within the Indonesian retail and affluent banking sectors. This is intended to support the rapidly expanding digital savings and wealth management industry in the country.
Q.Which specific types of businesses will distribute New Wealth's solutions in Indonesia?
Which specific types of businesses will distribute New Wealth's solutions in Indonesia?
The solutions will be distributed to banks, insurance companies, and fintech firms in Indonesia. This is being facilitated through a strategic partnership with digital engineering firm HAXtech.
Q.What benefits does New Wealth anticipate from its partnership with HAXtech?
What benefits does New Wealth anticipate from its partnership with HAXtech?
New Wealth expects improved market access, quicker project delivery, and stronger in-country client support as a result of the partnership. This will help them scale operations more effectively in Indonesia.
Q.What kind of tools and applications does New Wealth provide to its users?
What kind of tools and applications does New Wealth provide to its users?
The company offers sales and advisory tools and applications. These are designed to support both relationship managers and investors who manage their own finances, according to their website.
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