QPLIX is collaborating with Parqet to integrate new data sources into the QPLIX wealth management platform such as Volks- und Raiffeisenbanken, Sparkassen or neobrokers.
Munich / Hamburg, June 2024: Leading European wealth management platform QPLIX and Parqet Fintech GmbH have entered a partnership to simplify the access of wealth data across all banks and improve customer experience. Parqet is the leading finance software platform for retail investors, offering fintech services such as portfolio tracking and management for retail investors and small asset managers. The partnership enables Parqet users to access their financial transactions compliant, fast and securely by leveraging QPLIX’ BaFin (KID) license as well as QPLIX’ Infrastructure. QPLIX customers on the other hand, will be able to integrate new broker/banks via Parqet’s Autosync into the QPLIX wealth management platform such as Volks- und Raiffeisenbanken, Sparkassen or neobrokers.
“The partnership underlines, that the QPLIX platform and infrastructure is so powerful and scalable that it is the perfect environment for every business model in wealth management - be it a large wealth management company managing billions or a rising WealthTech”, says Philipp Besser, Director Business Development at QPLIX.
"It expands the number of integrated financial data streams and brings us one step closer to our goal of decoding the universe of wealth."
Philipp Besser, Director Business Development QPLIX
Parqet is the leading retail portfolio tracking software in the DACH region with ambitions to enter the B2B business. “Compared to many other providers in this field, Parqet focuses on transaction data instead of pure holding data. This data quality requirement is very much in line with ours,” says Besser. Parqet's solution to this challenge was the parsing of uploaded PDFs such as securities statements, account statements, etc. While users currently still have to download these documents manually and then upload them back into the app, Parqet is about to automate this last manual step with its Autosync technology.
"Our partnership with QPLIX extends this solution to a broader audience, offering leading technologies and services for optimal performance in managing private equity investments."
Sumit Kumar, CEO Parqet Fintech GmbH
Autosync is basically a tool that automatically fetches customers’ bank and custody accounts. This process enables the seamless and secure synchronization of financial portfolios across all devices. In order to guarantee the highest security standards, QPLIX provides it high security infrastructure. “The Autosync via web is just the beginning of our partnership, as we are convinced that both parties are able to provide a number of further benefits for their users,” Besser says.
“Both Parqet and QPLIX work at the highest level when it comes to the quality of transaction data and the protection of our users’ data,” states Kumar. “This is why I am convinced that we will be able to present new features soon.”
QPLIX develops and operates a leading software platform for the digital management of complex assets. Its clients include single and multi-family offices as well as foundations, investment funds, asset managers, institutional investors and private banks from the entire EMEA region. The QPLIX platform maps the entire range of liquid and illiquid asset classes as well as complex client structures and consolidates the data of all assets in one database ("single source of truth"). The software enables portfolio managers and asset owners to perform real-time analyses at any time, either via the individual client portal or the app. In addition to the platform, QPLIX also takes care of the IT infrastructure and security. With Q-Data, QPLIX also offers comprehensive financial data supply and verification services. Assets totalling more than 300 billion euros are currently managed via the platform.
QPLIX GmbH was founded in 2012 by Kai Linde, Philipp Pötzl and Mathias Lindermeir. The team currently consists of more than 120 software and financial experts based in Munich and Frankfurt. As a supporting member of VuV, QPLIX is firmly anchored in the German asset management industry.
Over 250,000 users in the DACH region rely on Parqet to build up their wealth. Whether you are a stock market novice or an investment veteran, keeping an eye on the development of your portfolio and assets is equally important for everyone. We provide the tools to do this: Track your own asset development, recognise and avoid risks, plan a dividend strategy and identify trends. These are just some of Parqet's functions.
Press Contact QPLIX gmbh
Sebastian Deck
Marketing Director
Nußbaumstraße 12
80336 München
Tel: +49 176 1522 60 19
Email: sebastian.deck@qplix.com
Linkedin: https://www.linkedin.com/in/sebastiandeck/
Lisa Osada
Email: lisa@parqet.com
https://www.parqet.com/