18 December 2023, Stockholm: Savings company SAVR has partnered with FNZ, the global wealth management platform, to elevate its digital investment platform for the Swedish market. SAVR will upgrade its current platform to FNZ’s innovative and scalable solution, enabling an expansion into investment products such as equities and ETFs.
The upgrade will offer SAVR customers an enhanced digital experience with a range of new features and capabilities that will make investing easier, faster and more convenient than ever before.
Daniel Aarenstrup, CEO of SAVR said: “SAVR is an innovative and disruptive product in an otherwise stagnant Swedish investment landscape. FNZ, in the same vein, is a global innovation leader in the wealth management sector.”
Klaus Renvall, CEO Nordics, at FNZ, said: “We are delighted to have partnered with SAVR to deliver this exciting digital investment platform. We have a shared vision of opening up wealth by providing wealth management platforms that make investing more transparent, accessible and personalized for everyone."
SAVR’s legacy of disrupting the Swedish savings industry began in 2019 with the introduction of Sweden's first open fund platform to refund all commissions to the customer. Since then, SAVR has refunded nearly US$5 million in fund commissions to its customers, challenging the traditional fee structures of established banks.
FNZ is a global leader in wealth management platform technology, administering over US$1.5 trillion in client assets and partnering with over 650 of the world’s leading financial institutions and 12,000+ wealth management firms.