PureFacts Financial Solutions, a WealthTech provider of fees, reporting and AI-powered predictive analytics solutions, has acquired Quartal Financial Solutions, Europe’s leading provider of fee billing and commission solutions for the financial and insurance industries.
This acquisition strengthens PureFacts’ ability to provide AI-driven and regulatory compliant fee solutions to its clients.
These two companies both have expertise in calculating fees and commissions. Together, they will provide the most powerful fee platform in the global financial marketplace. The combined entity will benefit from strengthening their core capabilities in data aggregation, machine learning and financial industry expertise.
This is the second acquisition completed by PureFacts this year, coming on the heels of its acquisition of CRM consulting firm, VennScience in May 2020.
PureFacts global head office will remain in Toronto, Canada while the European head office will be located at Quartal’s office in Zurich, Switzerland.
PureFacts CEO Robert Madej will take the helm of the new corporate entity, with PureFacts president Rajini McRae expanding her role to include the global businesses. Quartal CEO Thierry Zuppinger has been appointed as the general manager Europe and Asia for the combined entity.