Build for the future, perform today – Business Trends
16 May 2022 – Objectway acquired in 2021 Die Software Peter Fitzon GmbH (DSW), a primary German provider of core banking solutions.
To complement and strengthen its wealth and asset management offerings with a solid and comprehensive core banking platform, Objectway, a Top 100 Global Fintech software provider in the digital Wealth and Asset management, acquired in 2021 Die Software Peter Fitzon GmbH (DSW), a primary German provider of core banking solutions.
Building on more than 30 years of business expertise, Objectway is a future-proof technology player with a well-established track record in the financial services industry, whose clients include 200+ leading Wealth Managers, Banks, Asset Managers, Fund Managers, Insurers and Outsourcers in more than 15 countries. With over 800 professionals operating from Italy, UK, Belgium, Germany, Switzerland and Ireland, the Group serves clients in 4 continents, supporting approximately 100,000 investment professionals to manage more than €1 trillion in assets. Luigi Marciano explains that core banking solutions were built historically on reliability rather than open architectures. Digital banking, APIs and Cloud have created a significant shift in the way banking products are constructed. “Financial institutions now need to address the imperatives underpinning next-generation core banking applications (in terms of scale, functionality, integration and the public cloud) to be able to process transactions in real time, release new features frequently and scale up their IT infrastructures.”
The environment and the market are nowadays experiencing a strong transformation that increased the clients’ digitalisation needs and accelerated the adoption of new technologies. The Financial Services industry, that has historically been cautious in evolving its technology solutions, is advancing rapidly and embracing digital innovation.
Marciano says: “According to their business model and activities, the information systems of the financial institutions operating in this sector fall under one or more of the three ‘vertical pillars’: Wealth Management solutions, Asset Management solutions and Banking solutions.
Within this strategy, Die Software was the perfect fit, as a leading provider of Core Banking solutions for Private Banks in Germany. Thanks to this acquisition, Objectway completes and strengthens its offering with a solid and comprehensive platform.
The ultimate objective of Objectway is to further strengthen its positioning as a key player in the Financial Services Software Industry in the EMEA region. The Group experienced an exponential growth in the last years; from €25 million to €100 million in revenues by the end of this fiscal year. Luigi Marciano concludes: “Looking ahead, we aim to triple our dimension and widen our geographical scope towards main European markets and start our expansion also in America and the Asia Pacific, driven by our proven strategy that combines organic growth and acquisitions.”
Die Software-team has done a fantastic job in developing a world-class banking platform with a loyal client base. In this landscape Objectway has a very strong positioning in Wealth and Asset Management solutions. Our strategic objective was therefore to extend our offering with a strong Core Banking platform, to cover all three pillars, and at the same time widen our presence in other European key markets.