Tifin, a leading wealth AI and innovation platform, announces the acquisition of assets for its Tifin AG platform to expand its ability to help wealth management firms drive organic growth through net new money.
In collaboration with strategic operating and investment firm WestCap, TIFIN AG will acquire skills from the firm’s in-house technology practice dedicated to developing AI and data science solutions for WestCap and its portfolio companies.
The acquisition includes several analysis models that will be integrated into TIFIN AG’s current growth packages and create a new corporate acquisition package for TIFIN AG asset-based companies. In addition, WestCap is taking a minority stake in TIFIN AG. This partnership aligns with WestCap’s continued focus on developing innovative products and tools that advance the industry.
“At TIFIN AG, we have consistently focused on leveraging the most advanced AI models to bring more people into the world of financial advice and help companies grow,” commented TIFIN partner Cor Hoekstra. “This partnership with WestCap allows us to accelerate our impact by integrating their expertise and models with our wealth management clients.”