RBC Wealth Management partners d1g1t for performance and risk analytics tech

Royal Bank of Canada (RBC) Wealth Management has partnered with Toronto-based fintech d1g1t to add the company’s performance and risk analytics engine to its tech infrastructure.

The technology sits as part of d1g1t’s wider wealth management offering featuring tools for reporting, portfolio management, trading, rebalancing, institutional protection schemes (IPSs), mandates, compliance, fee administration, and client engagement.

The selection is intended to “deliver an enhanced digital experience for advisors and clients in Canada”, according to the vendor, while helping the division’s team of over 6,000 financial advisors provide “enhanced reporting across a variety of key client metrics”.

RBC Wealth Management serves affluent, high net worth, and ultra-high net worth clients globally with over CAD 1.4 trillion in assets under management.

Through the partnership, RBC has also led a new investment round in d1g1t, with additional participation from venture capital firm JAM FINTOP. While the exact amount raised has not been disclosed, d1g1t says funds will be used to accelerate its product roadmap, scale its operations and team, and fuel its expansion across North America.

D1g1t was founded by CEO Dan Rosen, COO Philippe Rouanet, and CPO Benoit Fleury in 2017, and previously secured an equity and debt financing round led by MissionOG and Canadian Imperial Bank of Commerce (CIBC) respectively in September 2023.

Source: https://www.fintechfutures.com/