Fintech firms Refinitiv and Appway have inked a strategic alliance to facilitate the client onboarding process for wealth managers.

Under the partnership, Appway’s client onboarding capabilities will be integrated on the Refinitiv BETA Platform, a suite of brokerage capabilities.

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As a result, financial intermediaries and wealth advisers leveraging the BETA Platform will be able to connect their end-clients with a digital onboarding solution.

This is said to boost workflow efficiency as well as lower expenses and time.

Appway director for financial services solutions Andrew Besheer said: “Our orchestration and collaboration capabilities paired with Refinitiv’s BETA Platform will dramatically transform their client onboarding processes and lead to enhanced experiences for all stakeholders.”

The technology of Appway supports end-to-end account opening and the complete client lifecycle.

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Notably, LGT tapped Appway last year to digitalise client lifecycle management.

Refinitiv head of BETA Platform Tim Rutka said: “We continually look to find new ways to create or provide additional value for our clients.

“Having full integration with Appway’s state-of-the-art user experience underscores our commitment and aligns to our strategy of expanding our BETA Platform ecosystem with best-of-breed partner solutions.”

Refinitiv’s wealth management technology is said to support seamless integration across front, middle, and back office workflows.

The company recently invested in alternative data platform BattleFin and purchased cloud-based order management system AlphaDesk.