Pairing Empaxis' extensive middle- and back-office expertise, with EXL's proven data, analytics, and digital operations capabilities, this alliance will allow both firms to scale their wealth management solutions offerings.

When it comes to helping wealth managers increase productivity, automate manual processes, and cut unnecessary expenses, Empaxis and EXL both bring decades of specialized experience. The businesses will work together to develop solutions and services designed to help wealth management firms automate middle- and back-office operations.

"We're excited to be working with EXL. They're an excellent partner," says Stephen Van de Wetering, Founder and CEO of Empaxis. "Combining efforts allows us to offer our highly dedicated and robust middle- and back-office services to enterprise-scale, global wealth managers. This partnership will provide exceptional value to clients in this space."

"Working together with Empaxis, we are able to provide the wealth management industry with the right combination of breakthrough technology, data-led operational improvement solutions and human ingenuity to transform their businesses," said Narasimha Kini, executive vice president and Head of EXL's Emerging Business. "By combining our two businesses, we can provide our clients end-to-end support services that will help streamline their operations to gain a competitive advantage."