Success Story

Finantix: Empowering Singapore Expansion & Enhancing Financial Sector Presence

Sucess Story Finantix
Sucess Story Finantix

Luxembourg

Headquarter

$39M

Turnover

software solutions for wealth management, insurance, and private banking industries

Sector

Expand in Singapore

Challenge

Key Points

Smoothly scale your operations internationally

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

  • Global expansion is a key component of Finantix’s growth in the financial sector. To better serve their clients, the firm decided to establish a local presence in high-growth markets open to innovative digital solutions. “We go where the financial industry is growing,” said Guido Masieri, Chief Operating Officer at Finantix.
  • “Our go-to-market strategy is to be close to our customers” continued Masieri. For Finantix, this often means relying on in-country partners to help run and provide ongoing administrative services for the local office.
  • Finantix decided to open an office in Singapore and partnered with Altios due to the firm’s presence and experience in the major markets.

  • Altios’ team in Singapore provided an in-country team ready to assist Finantix as it set up its office.
  • 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.
  • 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.
  • Altios provide important administrative support such as payroll, and handles Finantix’s financial and tax reporting in Singapore.

Learn more about Finantix: https://www.investcloud.com/

Tips and Best Practices

1. Utilize Local Expertise:
Collaborate with local partners to ensure compliance with local laws and regulations. This helps streamline operations and avoid duplicating internal processes.

2. Focus on Core Business:
Outsource administrative functions such as payroll, financial, and tax reporting to local experts. This allows the company to concentrate on serving clients and business growth.

3. Leverage Customized Solutions:
Develop tailored strategies that cater to the specific needs of the local market, ensuring smooth operation and adherence to regional requirements.

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