/ Case Study

Altios Helps Finantix Open Subsidiary in Singapore

When Finantix expanded its operations in Singapore, it sought Altios’ expertise in early-stage expansion to set up its subsidiary. A decade later, Altios continues to provide administrative and financial services.

Summary

When specialised software supplier Finantix decided to expand its operations in Singapore, they knew that a local partner would be essential for future success. The company looked to Altios’ local team to set up its subsidiary. A decade later, Altios continues to provide ongoing administrative and financial services. The customised solution means that Finantix can expand its international operations while remaining focused on serving its customers.

Background

Finantix provides specialised software solutions for wealth management, insurance, and private banking industries around the world. The firm’s innovative digital products aim to integrate seamlessly with clients’ current platforms.

Headquartered in Luxembourg, Finantix has offices in key financial markets, including London, Singapore, Sydney, Toronto, Hong Kong, Geneva, and Tokyo.

Challenge

“As a software company serving global clients, we need to be agile when we spot business opportunities, new technologies, and innovative solutions for our customers,” continued Masieri.

Global expansion meant that Finantix needed a trusted partner to provide administrative and financial services to their international offices.
“Our go-to-market strategy is to be close to our customers, which means we look for the best approach when opening a new office in a key market,” continued Masieri.

For Finantix, this often means relying on in-country partners to help run and provide ongoing administrative services for the local office.
When Finantix decided to open an office in Singapore, they partnered with Altios due to the firm’s presence and experience in the major markets.

Solution

Altios’ team in Singapore provided an in-country team ready to assist Finantix as it set up its office. A partnership built on trust and collaboration, Altios supplied on-the-ground expertise and ensured compliance with local laws. To keep Finantix from duplicating internal processes, Altios oversees its administrative operations. Altios’ customised solution meant Finantix could focus on serving its clients in Singapore while ensuring critical administrative functions are carried out and comply with local regulations. “We did not want to establish a local office in Singapore where we would be duplicating internal processes,” says Masieri. “Working with Altios means the sales team focuses on serving our clients.”

Result

For more than a decade now, Finantix relies on Altios’ local expertise to ensure the company’s Singapore office runs smoothly and is compliant with local regulations. Not only does Altois provide important administrative support such as payroll, but the firm also handles Finantix’s financial and tax reporting in Singapore.

Collaboration with Altios is based on transparency and is continuously evolving. Thatʼs what makes all the difference when it comes to addressing potential roadblocks, issues, and even opportunities. Altios helps us do what we do even better.

Guido Masieri

Chief Operating Officer, Finantix

Finantix

Finantix provides specialised software solutions for wealth management, insurance, and private banking industries globally. Headquartered in Luxembourg, Finantix has offices in key financial markets, including London, Singapore, Sydney, Toronto, Hong Kong, Geneva, and Tokyo.

Challenge

For Finantix, being close to their customers is essential, and this means offices in the financial markets are vital. To avoid divesting their team when opening the Singapore office, Finantix sought a partner specialised in early-stage expansion.

Solution

Altios’ team in Singapore provided an in-country team to assist Finantix as it set up its office, along with a customised solution.

Results

Altios manages Finantix’s Singapore office administrative functions, and financial and tax reporting.

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