Committed to its mission to generate sustainable returns beyond its generation, the Singapore-based investment company Temasek has announced that it invested to FNZ, a fintech company in Scotland.
FNZ transforms the way financial institutions serve their wealth management customers. It partners with banks, insurers and asset managers to help consumers better achieve their financial goals. The firm offers businesses and individuals with multi-channel wealth management services across direct, intermediated, and workplace channels.
According to reports, FNZ is the first financial technology platform that has achieved unicorn status in Scotland. Today, FNZ is responsible for over 330 billion euros in assets under administration (AuA) held by around 5 million customers of some of the world’s largest financial institutions, including Standard Aberdeen, Barclays, Lloyds Bank, Vanguard, Generali, Quilter, Santander, Aviva, Zurich, UOB, UBS, Findex and BNZ.
Additionally, FNZ’s technology and custody services enable clients to provide best-in-class wealth management solutions to financial advisers, end-investors and the workplace that are efficient, flexible, transparent and scalable, supporting the market, demographic and regulatory trends worldwide.
“We look forward to exploring opportunities to work together to broaden our customer base in Asia and beyond,” said Adrian Durham, Founder and CEO of FNZ Group.
More About Temasek Holdings
Temasek Holdings Private Limited is a Singaporean holding company owned by the Government of Singapore. It is an active shareholder and investor, and its investments are guided by four key themes – transforming economies, growing middle-income populations, deepening comparative advantages and emerging champions.
Temasek’s portfolio covers a broad spectrum of sectors” telecommunications, media and technology; financial services; transportation and industrials; consumer and real estate; life sciences and agriculture; energy and resources.