Two Canadian financial technology innovators are forging a strategic partnership.
Toronto neighbours d1g1t and Mako Financial Technologies this week unveiled the partnership.
D1g1t offers a tech-forward, enterprise-grade wealth management platform, while Mako provides workflow technology solutions for the financial services industry.
The collaboration brings together Mako’s expertise in digital onboarding, KYC oversight, and operations automation with d1g1t’s institutional-grade analytics engine, according to a statement from the Ontario firms.
“We’re excited to join forces with Mako to help firms deliver the modern digital client experience investors’ demand,” stated d1g1t cofounder Dan Rosen, who serves as chief executive officer.
The partnership is designed to minimize manual effort, enhance data accuracy, and accelerate processing times.
“By bringing together our industry-leading platforms, the integrated solution delivers a fully digital, end-to-end experience that automates onboarding, ensures data consistency throughout the investor journey, and empowers advisors to focus on what matters most, serving their clients,” Rosen remarked.
Management consultancy McKinsey recently identified that wealth advisors spend an average of two-thirds of their time on non-advisory activities like paperwork and product research. Mako’s workflow solutions, combined with d1g1t’s wealth management toolkit, aims to reduce the time advisors spend on these processes, according to Mako founder Raphael Bouskila.
“We share d1g1t’s philosophy of an elevated, engaged client experience,” the entrepreneur commented. “This partnership will deliver on that philosophy with seamlessly integrated tools.”
The integrated solution is available today to firms in both the US and Canada.
Founded in 2016 by Rosen alongside Philippe Rouanet and Benoit Fleury, d1g1t this year secured investment from the Royal Bank of Canada.
Other institutions taking advantage of d1g1t’s fintech include Calgary’s Northern Light, Chicago’s Gresham, Victoria’s Burkett Asset Management, and Virgo Digital Asset Management.
Last year, the Toronto firm unveiled its Trading Unified Managed Accounts framework, which is designed to reduce the cost and complexity associated with the implementation and management of sophisticated investment strategies that rely on multiple models or third-party managers.
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