Empaxis, which claims to be an expert in middle- and back-office operations for wealth and asset managers, announced a partnership with EXL [NASDAQ: EXLS], a data analytics and digital operations and solutions company.
Pairing Empaxis’ middle- and back-office expertise, with EXL’s data, analytics, and digital operations capabilities, this alliance will “allow both firms to scale their wealth management solutions offerings.”
When it comes to helping wealth managers increase productivity, automate manual processes, and cut unnecessary expenses, Empaxis and EXL both “bring decades of specialized experience.” The businesses will “work together to develop solutions and services designed to help wealth management firms automate middle- and back-office operations.”
Stephen Van de Wetering, Founder and CEO of Empaxis, said:
“We’re excited to be working with EXL. They’re an excellent partner. Combining efforts allows us to offer our highly dedicated and robust middle- and back-office services to enterprise-scale, global wealth managers. This partnership will provide exceptional value to clients in this space.”
Narasimha Kini, executive vice president and Head of EXL’s Emerging Business, remarked:
“Working together with Empaxis, we are able to provide the wealth management industry with the right combination of breakthrough technology, data-led operational improvement solutions and human ingenuity to transform their businesses. By combining our two businesses, we can provide our clients end-to-end support services that will help streamline their operations to gain a competitive advantage.”
As noted in the update, Empaxis transforms investment operations “through end-to-end process automation plus skilled outsourcing, enabling firms to dramatically lower costs, process faster, scale seamlessly, and deliver superior customer services.”
With almost 20 years of powerfully-proactive, fiercely-focused, data-driven experience, Empaxis “generates impactful ROI to the backbone of firms: middle- and back-office operations.”
Headquartered in the US, and with offices in London and across India, Empaxis “brings deep knowledge of the global capital markets; follow-the-sun workflow capabilities; and rigorously vetted, tested, and trained teams.”
As mentioned in the announcement, EXL claims it is “a leading data analytics and digital operations and solutions company that partners with clients to improve business outcomes and unlock growth.”
By bringing together deep domain expertise with robust data, powerful analytics, cloud, artificial intelligence (AI) and machine learning (ML), they “create agile, scalable solutions and execute complex operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media, and retail, among others.”
Focused on driving faster decision-making and transforming operating models, EXL was founded “on the core values of innovation, collaboration, excellence, integrity and respect.”
Headquartered in New York, their team is “over 43,100 strong, with more than 50 offices spanning six continents.”