Datacomp, Finaureus Technologies partner for digital wealth management solutions

Information technology firm Datacomp and Finaureus Technologies on Tuesday announced their collaboration to provide comprehensive digital wealth management solutions across prominent asset classes and covering diverse segments and geographies.

"The synergistic approach of Datacomp's WealthMagic platform and Finaureus' Finaura platform will expand product offerings across multiple asset classes (Mutual Funds, Equity, ETF and Insurance) and help offer this solution to entire spectrum of distributors, advisors and agents," a statement said.

Datacomp Web Technologies offers insurance and financial services automation software and specialises in developing software solutions for the intermediaries in these sectors.

Finaureus Technologies, on the other hand, is engaged in building digital investment products and solutions across diverse asset classes.

The wealth management industry in India is at the cusp of significant transformation, led by digitisation and big data.

"This is a significant milestone for us and we are excited to build a high quality and value accretive partnership with Datacomp. This is a big step in our quest to be a formidable Digital Wealth Management Powerhouse," Finaureus founder Arindam Ghosh said.

The collaboration between Datacomp and Finaureus will help drive innovation and lead the transformation in the digitisation of wealth management landscape, the statement said.

Ajay Arora, chief executive officer of Datacomp, said the partnership is a great amalgamation of resources, technologies, products and solutions.