The latest technology news in the wealth management sector from around the world.
F2 Strategy, corfinancial, BITA Risk
US-based F2 Strategy, which recently launched an outsourced chief technology officer solution for wealth firms, has won a new deal, being hired by corfinancial. The firm provides specialist software and services to financial organizations.
The agreement makes corfinancial’s wealth management business, BITA Risk, a more powerful offering and increases its ability to penetrate the market, F2 Strategy said. BITA Risk already has more than $200 billion in assets under its umbrella.
In April this year F2 Strategy rolled out OCTO™, which the firm said aims to give the kind of C-suite control and management for firms trying to develop technology and for a fraction of what it would cost to hire a CTO and surrounding team. As a retainer-based service, OCTO provides a monthly budget of hours (normally 20-30) to each client by one of F2 Financial’s former wealth technology executives.
F2 Strategy is based in California and staffed by former executives from the wealth sector. The company was founded by accomplished veteran wealth CTO Doug Fritz. The firm has been busy in recent years, for example, bringing on board prominent wealth management consultant Sebastian Dovey. F2 Strategy has also contributed a number of commentaries to these pages. (See here and here.)