Xaver and Upvest have revealed a strategic partnership to enable financial institutions to launch fully digital pension and investment products in Germany.
Xaver’s AI-native financial advisory and sales platform “Xaver One” seeks to provide autonomous AI financial advisors that “engage customers across chat, voice, and avatar channels – delivering compliant, hyper-personalized advice and closing sales end-to-end.”
Concurrently, intelligent AI assistants empower human advisors by automating admin tasks as well as streamlining compliance.
Xaver’s Asset Management strives to complement this “with a fully automated infrastructure for real-time, secure, and efficient investment management.”
Upvest, as Xaver’s partner for custody and brokerage, “enables a turnkey solution for launching new pension, savings, and investment products.”
Financial institutions will be able to use services like advice, onboarding, custody, portfolio management, and servicing.
Xaver says it decided to partner with Upvest for its “API-first infrastructure, and proven scalability and regulatory robustness.”
Xaver says it is the first German company to file as a provider for the Pan-European Personal Pension Product (PEPP).
The platform is also able to combine public and private market investments.
With the help of Upvest’s infrastructure, ETFs, mutual funds, or bonds can be mixed with alternative assets.
Max Bachem, Co-founder and CEO at Xaver:
“At Xaver, we believe that everyone deserves access to high-quality financial advice and investment solutions – regardless of whether they interact via chat, voice, or in-person.”
He added:
“Our technology delivers fully autonomous 24/7 advisors when needed, and best-in-class co-pilots for in-person advisors to help them deepen client relationships and work more efficiently. By combining our AI-native advisory platform and asset management with Upvest’s infrastructure, we enable our partners to launch modern pension and investment offerings at record speed and scale – fully compliant, cost-efficient, and personalized.”
Martin Kassing, Co-founder and CEO at Upvest, said they believe that simplifying access to investment products is key to modernizing pension offerings.
