Acquisition integrates Empaxis’s data management expertise directly into Communify’s platform, solving the #1 barrier to AI adoption for wealth and asset managers: Data Management.
Communify, the leading provider of Financial AI, Digital and Data solutions for the financial industry, announces its acquisition of Empaxis Data Management, a premier provider of investment data management and operational services for wealth and asset managers. The acquisition removes the primary obstacle of fragmented and inaccessible data through advanced data management, thereby empowering wealth and asset management firms to adopt Communify’s advanced MIND AI to create Client Stories™ and Portfolio Stories™ in fractions of a second rather than days.
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Communify’s premier platform for wealth managers delivers powerful AI-driven tools like Client and Portfolio Stories, which are proven to drive engagement and scale advisors and asset managers. However, the effectiveness of these tools depends on clean, unified data—a challenge for most firms whose information is trapped in disconnected systems. Empaxis’s focused data management expertise on custodial and accounting integrations complements Communify’s apps and agents, making it simple for firms to quickly realize the benefits of the MIND AI platform.
“Advisors and asset managers demand faster insights, automation, and personalization—but data management remains a major obstacle,” said John Wise, CEO of Communify. “With pre-integrations to 175+ market data vendors worldwide, Communify is already one of the largest global market data distribution platforms. The acquisition of Empaxis Data Management eliminates the barriers between client and internal systems, unifying client and market data within Communify’s Knowledge Base. This integration powers MIND AI to deliver best-in-class Portfolios, Research, and Client Stories.”
The integration of Empaxis means that Communify is now a complete, out-of-the-box solution. Empaxis will unify a firm’s fragmented custody and accounting data, creating the AI-ready foundation needed to immediately deploy trusted, precise MIND AI apps and agents, which are currently deployed in major institutions across the globe. MIND AI is expanding with both deterministic and generative tools, most recently announcing Communify’s Money Map (that includes a Personal Financial Statement PFS); this reinvents client onboarding and adds a layer of automation to client data management.
“Our expertise has always been in solving the complex back-office data puzzle through data management,” said Stephen Van de Wetering, CEO of Empaxis. “By joining Communify, we connect that solution directly to a world-class platform. Together, we provide the complete package firms have been asking for—a clear path to making their data work for them.”
Empaxis brings more than 20 years of operational excellence to Communify, having executed hundreds of custodial integrations and digital-transformation projects globally. Their expertise in portfolio accounting, back-office automation and middle/back office (MBO) data management will be integrated into Communify’s solutions under Managed Services and Partnerships.
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