AMX picks InvestCloud for digital exchange solution
Written by Anthony Strzalek
The Asset Management Exchange (AMX) has selected FinTech outfit InvestCloud to build a bespoke digital solution for its growing client base of both asset owners and asset managers.
The digital interface will provide clients with a “flexible, intuitive and transparent” way to access and monitor some $2 billion of investments already on the exchange.
Established by Willis Towers Watson earlier this year, AMX is a global institutional asset management marketplace. It is an open architecture exchange that provides institutional investors with a central marketplace where they can engage with asset managers.
InvestCloud will leverage its digital capabilities to build an enhanced user experience for both asset owners and asset managers who are deploying and managing significant assets on the platform. InvestCloud will automate and consolidate a full suite of client reports online and in app form, tailored to the needs of each specific client base.
Bill Jooste, head of digital at AMX, said: “AMX represents the future of institutional investing, using the power of smart technology to make investors’ and managers’ lives easier. We are changing the asset management model, and the initial response to our exchange has been incredibly strong.
“We needed to choose a partner that could match our vision and provide a superior and efficient experience for our clients, enabling us to not just save them money but also give them time back.”