Banking technology veteran joins additiv following multi-million-dollar funding round
Zurich-based additiv, a leading provider of digitalisation solutions to the financial services industry, has hired Thomas Achhorner, former Head of Digital Financial Services at PwC Australia. Achhorner assumes the role of Global Head of Solutions, taking responsibility for additiv’s Software-as-a-Service offering (SaaS) and leading a team of 20 product managers, consultants and experts.
Thomas brings with him a wealth of experience from across the banking industry. As Head of Digital Financial Services at PwC he spearheaded a range of initiatives that are re-shaping the Australian banking landscape. Prior to this, he spent 20 years with The Boston Consulting Group (BCG) where he advised on major IT transformation, post-merger integration and digital business programs. While at BCG, he drove the world’s largest core banking modernisation program.
Based in Zurich and Singapore, Thomas will develop additiv’s SaaS offering by packaging the firm’s renowned platform services as cloud-based tools. He will focus initially on the roll-out of a line of Robo Advisor products (ranging from retail to HNWIs segments) to cater to the wealth management space, providing incumbents with a fast, cost effective, high quality route to market. In the long-term, Thomas plans to expand additiv’s SaaS offering in further areas.
Commenting on his appointment, Thomas Achhornersaid: “Financial institutions today have to deal with increasing customer and front office demands for convenient digital solutions, whilst also managing ever shrinking budgets. This is especially true in wealth management where firms face a large gap between their digital aspirations and their ability to deliver in the face of compliance, regulation and cost reduction.”
“additiv has listened to the market. It understands the need for secure, compliant, easy-to-launch, cost efficient solutions. And it is delivering on those needs. This is what drew me to the company and it’s why I am proud to be leading our cutting-edge SaaS division, helping to maintain the innovation that has put additiv firmly on the map of the FinTech universe.”
Since additiv announced its capital increase with a transaction volume of $21.3 million in May, it has been given the fuel to grow. It is soon to open offices in Frankfurt and London, while growing its roster of international partners who support the sales strategy in Europe, the UK, South-East Asia Greater China and beyond.
“Thomas’ experience in digitisation, C-level consulting and international business was the perfect formula for us. Armed with our capital injection, we are bringing together a team that will continue offering and producing the very best digital solutions for financial institutions in a rapidly changing world. His experience is second-to-none and we’re confident he’ll be a great addition,” said Michael Stemmle, CEO of additiv.