Florida-headquartered fintech company FIS is expanding its wealth offering to the UK by including a pension proposition.
FIS has added self-invested personal pension (Sipp) services by partnering with UK-based investment and retirement provider Quai Digital.
Under the partnership, Quai will use the wealth management and services solution from FIS via Platform Securities Limited to enhance its savings and investment business.
“The UK is a world leader in wealth management with £1.3trn ($1.55trn, €1.53trn) in assets under management, and with the advanced offerings from FIS, we’re poised to help these firms operate more efficiently,” said John Beeston, head of platform securities at FIS.
“The FIS wealth platform offers a broad set of capabilities for wealth managers across the globe, and by adding such critical services like Sipp for our UK market, we are committed to becoming the provider of choice for wealth and retirement managers everywhere.”
Tony Webb, chief executive of Quai Digital, added: “The industry of pension and retirement investing is moving faster than ever with new technology and new demands from our clients, a partnership with FIS works very well for both parties and allows Quai to enhance its already market leading infrastructure and services, which is why we sought a solution that we knew would carry us into the future.
“FIS will allow us to redouble our focus on our clients while we can trust the technology can meet our needs as we continue to grow our business and support the FIS expansion into pensions.”
