Acquisition further extends Softek’s services available to Broker-Dealers and RIAs
Softek, a leading provider of Capital and Credit management solutions, announced it acquired Gentech (H2 FinTech) formerly part of GWM Holdings Inc. Gentech (H2 FinTech) is an innovative technology and software services firm addressing the day-to-day challenges of RIAs and Independent Broker/Dealers and the companies that support them. The Gentech platform provides everything from compliance and sales supervision oversight as well as a comprehensive commission-based compensation system, fee billing, portfolio management and a complete client books and records system. The combination of Softek and Gentech (H2 FinTech) will assist firms in expertly navigating through the global regulatory maze.
Latest Fintech News: Passport Parking App in Use Across Eastern Massachusetts
Robert Bond, President and CEO of Softek, said, “The Gentech platform, with its functionally rich offering, extends Softek’s credit and compliance offering into the Independent Investment Advisor community. Founded by Industry experts with decades of experience, Gentech is already utilized by thousands of professional users. This depth and breadth of knowledge is key to the on-going development of the service in line with market and regulatory needs.”
Latest Fintech News: Blockchain Data Management Systems Can Transform Patent Claims: HashCash CEO Raj Chowdhury
“As part of the merger Softek has acquired Gentech’s highly skilled technical development team which, in addition to enabling on-going enhancements to the platform, gives us the ability to move our products and services into the mobile world.”
Dean Rager, President at H2 FinTech and Chief Operating Officer at Geneos Wealth Management, said, “Merging our unique hosted software solutions with a global industry leader like Softek will give the new company a much larger platform upon which to continue developing our solutions. Softek brings us global reach and the ability to serve much larger clients than ever before. We are looking forward to a very long and prosperous relationship.”
Latest Fintech News: TradeStation Crypto Expands Trading Support for Six Additional Coins
[To share your insights with us, please write to sghosh@martechseries.com]
