Subscribe
|
|
|
|
|
|
|
News

NeoXam to acquire EZOPS

Monday 23 September 2024 08:17 CET | News

Financial software solutions provider NeoXam has announced that it signed an agreement in a bid to acquire EZOPS, with the move focusing on optimising the firm’s financial technology offering. 

By moving forward with this deal, NeoXam’s customers are set to receive several additional benefits, as the firm intends to solidify its financial technology offering and extend its global footprint. Since its inception, the firm has been centring its efforts on developing and acquiring complementary solutions that enabled it to create a comprehensive suite of products and services. Currently, NeoXam delivers its solutions to over 150 asset managers, asset and market service providers, and global and regional banks.

NeoXam to acquire EZOPS and expand its capabilities and footprint

Through its product suite, NeoXam aims to augment IT systems across the entire financial value chain, from data management to reporting, including front, middle, and back-office processes. The company’s offering is leveraged by clients due to its functionality and technology, as well as its capabilities and reliability.

When it comes to EZOPS, the company leverages the features of machine learning and intelligent process automation to improve data control and drive efficiency gains for financial services institutions. EZOPS’s functionality can be utilised by businesses of large scale and complexity to manage the four pillars of operational data control. Operating at a global scale, the firm has offices across the US, Europe, and Asia.

NeoXam’s acquisition of EZOPS and its development strategy

The acquisition of EZOPS, which is a provider of AI-enabled data control, workflow automation, reconciliation, and regulatory reporting solutions, falls in line with NeoXam’s development strategy and further solidifies the company’s position in markets such as the US, Ireland, and India. In addition, EZOPS, which currently employs more than 150 individuals, is set to equip NeoXam’s team with more expertise and knowledge in data management, reconciliation, reporting, automation, and AI. The merger between the two companies plans to allow NeoXam to provide augmented solutions to its existing clients, as well as the overall financial industry across the world.

Furthermore, when commenting on the announcement, representatives from NeoXam underlined that the acquisition of EZOPS intends to enable their company to integrate a reconciliation solution which includes advanced automation and AI features into its modular value proposition. Also, NeoXam aims to utilise its complementary geographical presence to accelerate the combined group’s expansion and optimise its global client service offering.

Source: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, acquisition, financial services, artificial intelligence, machine learning, expansion
Categories: Banking & Fintech
Companies: EZOPS, NeoXam
Countries: World
This article is part of category

Banking & Fintech

::: more

EZOPS

|

NeoXam

|
Discover all the Company news on EZOPS and other articles related to EZOPS in The Paypers News, Reports, and insights on the payments and fintech industry:





Industry Events

Free Headlines ::: subscribe now
RSS ::: follow ThePaypers via RSS ::: connect
LinkedIn ::: connect with ThePaypers on LinkedIn ::: connect
Twitter ::: follow ThePaypers on Twitter ::: follow
Facebook ::: like ThePaypers on Facebook ::: like