London based software house, Third Financial, has announced the launch of a new mobile platform service, Xing Mobile Platform (XMP).
The innovative offering comes as a result of a further £1.5m investment from Grafton Capital and will consist of a suite of state of the art client facing technologies, replacing Third Financials existing Tercero iPad and Investor Portal products.
The XMP concept is a multi-device, multi o/s offering that will provide Third Financial with a new mobile strategy that’s been designed to meet the ever evolving needs of the investment management industry. Early deployments of XMP will include existing clients of both Tercero Software and the soon to be launched Third Platform Services, as well as offering B2B2C support for product providers, D2C/B2B2C for DFM’s and as a pure D2C offering.
A key feature of Xing will be to support both experienced self-investors or those wanting guidance through the investment process.
Xing will leverage the millions already invested in the company’s award winning Tercero Software and Platform services. Co-founder of Third Financial, Peter Caddick, will be heading up a new technology team to deliver the XMP offering.
The release plan for the new platform has been set out for delivery across three key dates. In Q4 this year, existing Tercero Software users will be offered the new features as part of their existing suite. Spring 2017 will see Xing available to both Tercero Platform Services customers and to product manufacturers. In the summer of 2017, the full XMP D2C product will be launched.
Oliver Thomas, Partner and Co-founder of Grafton Capital, and Board Director at Third Financial said:
"Stewart and the team have more than delivered against their growth plans for Third Financial since our partnership began in early 2015. With growing demand for the company's market leading software, we are delighted to be investing a further £1.5m to establish Third Financials regulated platform services business, XMP, and to ensure Tercero delivers best in class D2C capabilities for our clients”