McKenna added that, applying the assets from each firm across the SimplyBiz constituency, Defaqto and Fintel's other large distribution clients have “enormous potential” to drive better understanding of consumer behaviour across the industry.
“Aligning this with Defaqto's work on investment, products, and funds could add a whole new dimension to such an analysis,” he continued.
“These deals bring both a highly innovative fintech and an eminently respected specialist actuarial practice into Fintel.”
McKenna concluded by stating that, with these moves, Fintel are again, demonstrating their growing position as a broad-based, Fintech consolidator at a time, when such services have never been so valuable to the industry.
tom.dunstan@ft.com
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