Fintel bought out ifaDASH.

The purchase of ifaDASH, a provider of practice digitisation solutions with a unique market positioning, has been announced by Fintel, the largest fintech and support services provider to the UK retail financial services sector.

Madilyn Swift

March 26, 2024

2Min Reads

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Wealth

Through the company's technology and knowledge platform, Fintel IQ, the acquisition was carried out, and the investment was made with the intention of accelerating ifaDASH's development, expansion, and reach.

Advisors can connect training and competency MI, information on vulnerable customers, and front- and back-office CRM data from several systems onto a single integrated platform by using the ifaDASH system as a hub. The ifaDASH solution was created by former IFAs and has been in development for just over two years. Its goals are to lower regulatory risk, increase adviser business efficiencies, and free up adviser time from administrative duties while giving management instant access to information to support the governance of their companies.

"There's no other solution like ifaDASH currently available, and there's a clear and genuine gap for it in the sector," said Neil Stevens, joint CEO of Fintel. Advisors will find great value in the enhanced visibility and transparency that ifaDASH provides to a highly regulated industry, especially with the introduction of the Consumer Duty.

"ifaDASH is a fantastic fit as part of our strategy growth as it can help to simply and efficiently bring those solutions together into a single platform. Fintel IQ already contains market-leading and innovative tech solutions from across the entire financial services sector.Our goals of providing better financial results to more customers are ideally aligned with providing advisers with more streamlined efficiency, less risk, and administrative work. We are enthusiastic about ifaDASH's upcoming developments as a Fintel product.

"As part of our growth strategy, we are delighted to be part of the Fintel family, to join forces and continue delivering our unique solution into the industry," said Mark Newman, Director of ifaDASH. With Fintel at our side, we are eager to expand the possibilities even further as ifaDASH keeps up its mission to serve as a hub for complete visibility, create efficiencies, and foster growth within enterprises.