Backbase, an engagement banking software company based in Amsterdam, has announced the acquisition of UK-based Nucoro, a digital wealth platform.
Through the integration of Nucoro’s headless platform capabilities, the acquisition aims to strengthen the investment capabilities of Backbase’s engagement banking platform. Backbase claims that as a result of this strategic move, they will be well-positioned to introduce digital end-to-end investment services like trading, robo-advisory, and hybrid advisory services.
According to the company, its engagement banking software aims to re-design banking around the customer.
Read More: Backbase & Nucoro merger set to revolutionise digital investment services
