Banque Cramer has signed a deal to adopt French fintech data and selection tool, Quantilia, as part of its CIO's plans to build a new investment services department for the private bank.
The online data and portfolio management platform is being adopted to help achieve high-precision investment opportunities, according to a statement.
This comes as Banque Cramer's CIO, Jacques Lemoisson, is building an investment services department around an ecosystem resorting to internal value-adding and premium partnerships.
The French data management platform Quantilia is designed to improve the performance of private banking investments, while keeping costs low.
Lemoisson said: ‘Technology allows us to stay closer to our clients, giving us a better understanding of their needs, while allowing us to dedicate more time to look for suitable investment ideas. This is a win-win solution.’
Quantilia’s main feature is scalability which helps Banque Cramer to manage the ever-increasing amount of data.
The fintech start-up is based on three pillars, which cover big data smart beta and risk premia strategies, which allow a better allocation of resources.
'Quanta-mental' assists in the designing of risk management cockpits and global macro dashboards, crunching about 50% more data while saving 25% of the time spent in preliminary data collection.
Meanwhile, the selection tool will also help Banque Cramer to select ETFs.