FNZ launches major new features on its wealth management platform, delivering faster cash allocation and automated FX transactions for NZ clients.
Virtual Banking enables near real-time cash allocation, reducing errors and improving efficiency for investors.
FX API provides real-time FX execution, reducing market risk and increasing certainty for transactions.
FNZ continues to drive digital innovation, enhancing automation and improving the client experience.
FNZ, the global wealth management platform, has introduced significant new capabilities to its platform in New Zealand, reinforcing its commitment to innovation and delivering a seamless digital experience for financial institutions and investors.
These enhancements include the introduction of New Zealand’s first Virtual Banking solution and a market-leading FX API, both designed to increase efficiency, reduce risk, and accelerate investment transactions.
The introduction of Virtual Banking significantly improves the speed and accuracy of cash allocation, enabling funds to be credited to client accounts within minutes rather than hours. By automating the allocation process and removing the need for manual payment references, the solution eliminates human errors and reduces operational complexity.
This enhancement ensures that investors can deposit funds and place trades on the same day, providing them with faster access to market opportunities.
FNZ’s FX API enables real-time execution of both batched and individual foreign exchange transactions. By providing instant execution, it minimizes exposure to market fluctuations and increases certainty around available funds for linked transactions. As one of the first providers to deliver real-time FX capabilities in New Zealand, FNZ continues to demonstrate its leadership in digital wealth management innovation.
Andrew Beuth, Head of Transaction Banking at ANZ, added:
We are pleased to have worked with FNZ in the development of solutions to enhance the efficiency of their wealth management transactions. The introduction of real-time cash allocation and FX capabilities will help deliver seamless and automated banking experiences for investors.
Anthony Habis, Group Head of Asia Pacific, Middle East and Africa, highlighted the impact of these innovations, stating:
At FNZ, we are committed to continuous innovation and delivering market-leading digital solutions that enhance efficiency and improve the client experience. These new capabilities significantly reduce friction in wealth management transactions, allowing advisers and investors to operate with greater speed, accuracy, and confidence.
These enhancements reflect FNZ’s broader strategy of driving automation and digital transformation across its global platform. By leveraging cutting-edge technology, FNZ continues to refine and optimize its services, ensuring that financial institutions have access to efficient, scalable, and client-centric solutions.