Copenhagen – December 2024
Two Danish fintech firms, Aleta and Qvonto, have announced a strategic partnership to address a pressing challenge for the wealth management industry: compliance with the EU’s sustainability requirements. The collaboration aims to simplify compliance with the EU’s Sustainable Finance Disclosure Regulation (SFDR) through an end-to-end regulatory reporting solution for wealth managers by combining Aleta’s wealth management platform, Qvonto’s regulatory reporting technology, and ESG data from Matter.
A Partnership for ESG Compliance
The partnership between Aleta and Qvonto aims to offer a unified solution for wealth managers struggling to meet SFDR requirements. By integrating Qvonto’s regulatory reporting tools directly into Aleta’s wealth management platform, the two companies will provide clients with an end-to-end system for SFDR compliance.
This collaboration is enhanced by the involvement of ESG data provider Matter, whose metrics will help ensure that clients have full transparency of the ESG footprint of their investments and that they meet regulatory standards.
Ken Gamskjaer, CEO of Aleta, explained: “Wealth managers are facing growing pressure to comply with SFDR and other ESG regulations. Our partnership with Qvonto will make it easier for them to meet these standards while maintaining efficiency and delivering value to their clients. ”
Christian W. Lysholm, CCO of Qvonto, added:
“Our automated reporting technology has already transformed compliance processes for asset managers, and we’re excited to bring this capability to wealth managers through Aleta’s platform.
This partnership will provide a robust, scalable solution to an industry in need of innovation. ”
About Aleta and Qvonto
Aleta provides wealth managers, family offices, and advisors with a comprehensive platform to consolidate and manage financial data. Based in Aarhus, Copenhagen, and New York, Aleta handles over €100 billion in assets and processes 400,000 transactions annually.
The platform integrates data from banks, asset classes, and currencies, offering clients a holistic overview of their portfolios. Its specialised features include alternative investment reporting, advanced analytics, and climate metrics, ensuring wealth managers can keep pace with industry demands for transparency and sustainability.
Qvonto, headquartered in Copenhagen, specialises in automated regulatory reporting for financial institutions. Its software-as-a-service (SaaS) platform supports compliance with EU regulations such as SFDR and Packaged Retail and Insurance-Based Investment Products (PRIIPs).
Trusted by over 30 investment firms with nearly €200 billion in total assets under management, Qvonto’s platform automates the production, monitoring, and publication of compliance documents.
By integrating ESG metrics and automating the production of reports in multiple languages, Qvonto helps institutions reduce the cost and complexity of mandatory regulatory compliance.
Building a Future of Seamless Compliance
Looking ahead, the partnership could expand to include deeper integration of the two platforms, offering wealth managers a comprehensive suite of tools for regulatory reporting and data management.
From the outset, the collaboration underscores a shared commitment to improving ESG compliance in the wealth management sector, making it simpler and more cost-effective for firms to meet the EU’s rigorous standards.
With nearly €300 billion in total assets under management across their clients, Aleta and Qvonto are well-positioned to lead the charge in modernising regulatory reporting for wealth managers.