B2B News for Tuesday, December 7, 2021: More Financial Services Consolidation, 2022 Predictions

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After a year of heavy M&A traffic in financial services, there are more deals in the fourth quarter.

Zurich-based wealth management platform FNZ will acquire Appway. Appway’s tools provide onboarding and client service for financial institutions. Hanspeter Wolf, the CEO and Founder of Appway, will become Chief Technology Officer of the FNZ Group.

“We are excited that FNZ and Appway are coming together to provide financial institutions with an unrivalled platform to accelerate their digital transformations, deliver significant operational efficiencies and improve the client experience,” said Adrian Durham, CEO, FNZ Group. “Both our companies have a shared vision, relentless focus on customer success and a track record of innovation and Hanspeter is an inspirational and seasoned leader with rich experience in the technology sector. We are delighted to welcome him and the talented Appway team into FNZ.”

Press release: https://www.prnewswire.com/news-releases/fnz-to-acquire-appway-to-accelerate-financial-institutions-digital-transformation-and-open-up-wealth-together-301438348.html

As predicted, predictions for 2022 have started pouring in. On the consumer side, no one expects the economy to slow before Christmas, but inflation won’t slow down either.

“There’s a lot of pent-up demand, and people are going to spend, or try to spend, for the holidays as they always have,” said Willie Belton, an economist in Georgia Tech’s School of Economics. “But this is going to exacerbate the shortages, and that’s going to drive prices further up. You’re going to hear a lot of hollering and screaming about prices until January, when prices will start to fall off a cliff as demand goes down and the supply chain starts to get squared away. But it’s going to be two or three months of things getting worse before they get better and the growth in prices starts to slow.”

Press release: https://www.newswise.com/articles/economist-predicts-worsening-inflation-but-relief-in-2022

These B2B insights for property developers come from Steven Lupo, Managing Director of Canadian operations at Trilliant:

The demand for electric vehicle charging stations will continue to be an important consideration for building developers. By engaging with energy management companies, building managers will more often take advantage of technology that is made right here in Canada, such as suite metering.

The service is known as Advanced Metering Infrastructure (AMI), an integrated system of networks, data management systems and smart meters, was designed to enable communication between customers and utility companies. Its goal was to remove manual meter reading and improve customer service.

As we continue to move closer to the second technological wave of AMI, Lupo thinks, we’ll start to see a focus on digital assets and tools for utility customers that will enable them to better manage their energy usage.

Artprice, a study by Artmarket.com is predicting that the art market will see exponential growth thanks to the rise of block chain and NFTs.

Over the past five years, Artprice by Artmarket has literally second guessed the impact of NFTs on the art market by adding block chain to its core database business and digitizing its historical art market standardization work, said Thierry Ehrmann, founder and CEO. “Artprice is the sole author of these projects with IP protection of its source codes since 1999.”

Press release: https://www.prnewswire.com/news-releases/artmarketcom-heres-why-the-art-market-via-the-nft-revolution-will-enjoy-exponential-growth-with-artprice-301438529.html

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Kate Baggott

Kate Baggott

Kate Baggott is a former Managing Editor of B2BNN. Her technology and business journalism has appeared in the Technology Review, the Globe and Mail, Canada Computes, the Vancouver Sun and the Bay Street Bull. She is the author of the short story collections Love from Planet Wine Cooler and Dry Stories. Find links to recent articles by following her on LinkedIn https://www.linkedin.com/in/kate-baggott-9a0306/