Tifin, a leading AI and innovation platform for wealth, announces an acquisition of assets for its Tifin AG platform to increase its capability to help wealth management firms drive organic growth through net new assets.
In partnership with the strategic operating and investing firm WestCap, TIFIN AG is set to acquire capabilities from the firm’s in-house Technology Practice which is dedicated to building AI and data science solutions for WestCap and its portfolio companies.
The acquisition will include multiple analytical models that will be integrated into TIFIN AG’s current growth packages, and create a new firm acquisition package for wealth enterprises on TIFIN AG. In addition, WestCap will take a minority equity stake in TIFIN AG. This partnership is aligned with WestCap’s continued focus on building innovative products and tools that propel industries forward.
“We have been steadfast with our focus at TIFIN AG to utilize the most advanced AI models to bring more individuals into the world of financial advice and help firms grow,” commented TIFIN Partner, Cor Hoekstra. “This partnership with WestCap allows us to accelerate our impact by integrating their expertise and models to our wealth enterprise clients.”