–News Direct–
PureFacts Financial Solutions, a leader in revenue management, fees calculation, incentive compensation and insights for the asset and wealth management sector, announced today it has selected BridgeFTs WealthTech API to aggregate total wealth data to power and enhance PureFactss award-winning software for end-to-end revenue management.
Through this partnership, PureFacts will leverage BridgeFTs WealthTech API data infrastructure platform to:
- Secure efficient, direct access to normalized, accurate multi-custodial client and investment account data.
- Leverage that data to onboard and upgrade clients faster and more easily.
- Enrich data for enhanced AI and analytics
BridgeFT capabilities will further support PureFacts in connection with its new partnership with BNY|Mellons PershingX, which recently announced that it has selected PureFacts to provide billing, fee reporting, advanced revenue management, incentive compensation and sales performance for its new wealth management platform, Wove.
We are committed to helping wealth management firms grow and succeed, said PureFacts Chief Executive Officer Robert Madej. As a global WealthTech company, we rely on clean, high-quality data to drive accelerated growth in new markets. Our partnership with BridgeFT will allow us to better service our clients while also streamlining and capturing data on their behalf more effectively.
BridgeFT is a cloud-native, API-first wealth infrastructure software company that enables financial institutions, fintech innovators and registered investment advisors (RIAs) to deliver better, data-driven outcomes for their clients. Its WealthTech API is the industrys first WealthTech-as-a-Service platform, offering a single, open API to AI and analytics-ready, multi-custodial data aggregation, advanced analytics, and application services. WealthTech API removes the need for individual data feeds from a range of custodians and back-office providers, allowing wealth management firms and technology companies to create differentiated, next-generation wealth management applications.
PureFacts continues to break new ground for wealth and asset managers by fundamentally rethinking the complete revenue management lifecycle in order to increase revenue certainty and improve operational efficiencies through their best-in-class technology, said Joe Stensland, Chief Executive Officer of BridgeFT. We are thrilled to partner with the PureFacts team to enable streamlined access to critical client and investment account data that is foundational to integrating and automating the revenue process across the enterprise. Together, PureFacts and BridgeFT offer a unique combination of capabilities and expertise to help financial institutions and their teams achieve better business outcomes.
To learn more about this partnership, stop by the PureFacts Booth #617 at the 2024 BNY|Mellon Pershing iNSITE Conference from June 4-6, 2024, in Nashville, Tennessee.
About PureFacts Financial Solutions Inc.
PureFacts Financial Solutions is an award-winning provider of End-to-End Revenue Management solutions for the investment industry. PureFacts helps some of the largest and most recognizable wealth management, asset management and asset servicing firms manage and grow their revenues. The PureRevenue Platform enables scalable revenue management by powering the entire revenue lifecycle. Firms calculate, collect, distribute, incentivize and optimize their revenues using PureFacts AI-enriched fees engine, incentive compensation application and compelling revenue business intelligence powered by a single system of record for revenue management. PureFacts customers outperform by retaining more clients, delivering incremental value, improving productivity, properly incentivizing advisors and distributors, preventing costly mistakes and finding optimization opportunities. With offices in Canada, the USA, and Europe, PureFacts has been recognized for its innovation and excellence including selections to the WealthTech100, AIFinTech100, and ESGFinTech100 awards. Drive revenues. Eliminate leakages. Increase growth velocity. Learn more at www.purefacts.com
About BridgeFT
BridgeFT is a cloud-native, API-first wealth infrastructure software company that enables financial institutions, FinTech innovators, TAMPs, and registered investment advisors to deliver better, data-driven outcomes for their clients. Our WealthTech-as-a-Service platform, WealthTech API, makes wealth management technology better by accelerating, simplifying and reducing the cost of app development and maintenance, so our clients can focus on delivering next generation wealth management applications and unique digital experiences that amplify their differentiators. Leading financial services firms and technology companies trust BridgeFT to power their digital wealth management ecosystems and automate critical back-office operations seamlessly aligning multi-custodial data aggregation, advanced analytics and reporting, and application services to deliver truly personalized client experiences. For more information, visit bridgeft.com.
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For PureFacts Financial Solutions Inc.
Martin Carignan, SVP Sales
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COMTEX_453056802/2655/2024-05-29T10:05:40
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