Stellex Capital, In Partnership With Communify, Has Acquired Fincentric (Formerly Known As Markit On Demand) From S&P Global

LOS ANGELES, Aug 16 (Bernama) -- Communify, a Just Build It (JBI) company led by the former founders of InvestCloud, in partnership with Stellex Capital Management, will be combined with Fincentric (formerly known as Markit On Demand), a provider of digital experiences, curating financial data distribution and other solutions, which was carved out from S&P Global. The acquisition integrates Fincentric with Communify's existing client communication, automation, and management business for the global wealth and asset management industries to form Communify Fincentric.

The newly formed Communify Fincentric represents a significant leap forward in financial technology, addressing the industry’s long-standing challenge of disjointed data sources and subpar digital user experiences. By unifying market and client data communication, Communify Fincentric offers a comprehensive, on-brand, digital platform for any financial institution through an immediately available SaaS-based product suite. This suite includes Markets Apps, Client Apps, and Advisor Apps, all enhanced with the design, advanced AI, automation and personalization capabilities for which the JBI and Fincentric teams are known.