Fintech Awards 2019

Wealth & Finance International - Fintech Awards 2019 23 Within the FinTech space specifically, the group’s plans include to launch Vault Business focusing on SMEs who are looking for an advanced current account that redefines business banking. The aim is to simplify payroll and expense management while offering the same competitive FX rates as in the group’s existing retail product. The group is also setting up partnerships with banks and other financial organizations, both within EU and internationally, that allow Vault to be deployed as a white label solution. This is a unique winning strategy that will accelerate digital transformation in emerging markets by securing a super-fast go-to market that brings significant competitive advantage to the group’s valued partners. Overall, these developments will drive deVere Group to even greater success over the coming years and cement its position as a leader in the financial services and FinTech marketplace. Contact: Dimitris Litsikakis Email: [email protected] Website: FinTech is, unquestionably, the future of financial services, and as such deVere Group, one of the leaders in the independent financial advisory space, is utilising its considerable resources to develop and expand its propositions in this space. With a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement, the Group has the ability to drive change in this sector and provide its clients with cutting-edge support and solutions. As part of this focus, the group is constantly working to recruit the very best talent from across the world, including its recently appointed Global Head of FinTech, Dimitris Litsikakis, who joins deVere Group from Revolut. Seeking to disrupt the FinTech market and create innovative solutions the group has created a department, deVere E-Money, which has identified a gap in the market for a FinTech vehicle that allows a large client sector to access, manage and use their money easily, wherever they are in the world, without excessive exchange rates. After all, in today’s globalised, mobile and ever more connected world, access to money has to be borderless. People will increasingly, not accept anything less. This revaluation led to the creation of the Vault APP for iOS and Android users. Providing global services in electronic money and a single card, multi-currency service, deVere Vault gives globally-minded individuals and expats this power. Focusing on those with an international lifestyle, the solution will also ensure that the best currency exchange rates are given. Traditionally, those who transfer different currencies, which is the clear majority of people who travel internationally or live outside their country of origin, are hit with high charges and fees. In addition, these are almost routinely not transparent to the customer. However, Vault solves this problem by delivering a practical robust solution that gives easy, fast access and manageability to end users with no hidden costs. The Vault multi-currency card also allows the account holder to withdraw and spend money anywhere in the world where Mastercard is accepted. Account holders can load their accounts via debit card or bank transfer in any of the five account settlement currencies-USD, EUR, GBP, CHF and PLN; as well as being able to exchange between these currencies and purchase up to a further 22 different currencies, all with a thumbprint, within the app. A significant number of existing deVere Vault users were so impressed by the proposition it offers, that client demand has driven us to launch Companion Cards. These allow the primary account holder to control and manage the funds on the additional Vault Accounts all within their secure Vault app. The companion then has all the associated advantages of having a deVere Vault card. Another key aspect of the group’s offering is its crypto services, which were launched in 2018 as the trend for online currencies began to really take off. Today deVere Crypto is a pioneering cryptocurrency app, available for Apple and Android. It allows users to store, transfer and exchange major cryptocurrencies, including Bitcoin, Ethereum, XRP and Litecoin. The group also offers deVere Core, a solution that responds to the seismic shift in client expectations currently being experienced by the financial advisory industry. Increasingly clients not only want bespoke financial advice from an adviser, they are also demanding personal instant access to their portfolio anywhere and at any time. They want all their financial services needs to be dealt with online and/ or on their mobile devices. They are wanting to be more ‘hands-on’ than ever before. As such, the group created the Core app, which provides that immediate access, communication, and monitoring ability, to meet expectations in terms of customer experience. Seeking to build upon its current success, over the coming years deVere Group has an exciting vertical and horizontal growth strategy planned. “A significant number of existing deVere Vault users were so impressed by the proposition it offers, that client demand has driven us to launch Companion Cards.” Multi-award-winning deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. As part of our showcase of some of this year’s FinTech Awards winners we explore the group’s offering in this sector and how it is driving excellence for its clients around the world and across the financial marketplace. Most Innovative Financial Services Provider 2019 & In-House FinTech Leader of the Year 2019 deVere Group deVere Group May19272