After months of market volatility and challenging conditions, fund managers are starting to see a light at the end of the Covid-19 tunnel. Countries are starting to relax their lockdown measures and restart economies, with stock markets reacting positively. However, there are still challenges facing managers, namely a low in investor confidence and reticence amongst consumers to start investing again amidst ongoing uncertainty about the real economic impact of the crisis.

Unfit for service

Appway, a leading global provider of business process automation software focused on customer onboarding and customer lifecycle management for financial institutions, today announced a $37 million minority investment from global growth equity firm Summit Partners. This partnership represents Appway’s first external capital raise and will help the company to further expand its product portfolio and accelerate international growth while maintaining the entrepreneurial spirit that has driven the company’s continuous advancement since 2003.

Avaloq has won the Best Outsourcing Solution and Best Transaction Processing awards at the WealthBriefing Asia Awards 2020. The awards programme, now in its eighth year, recognises companies, teams and individuals at the forefront of the wealth management sector in the dynamic Asia-Pacific region.

LemonadeLXP, the all-in-one learning experience platform for financial institutions, has enhanced its digital adoption platform, Digital Academy. Digital Academy is a customer support and digital adoption platform that allows financial institutions (FIs) to quickly author a branded, fully-responsive, WCAG AA-compliant online hub featuring technology walkthroughs.

The new features included are: