Fintilect

Last updated

Fintelect
Industry Financial services, IT
Headquarters
Kingston upon Thames, London
,
England
Area served
Worldwide
Key people
Rami Cassis (Executive Chairman)
Lindsay Soergel (CEO) [1]
ProductsInteract
Services IT, financial services, security
Website fintilect.com

Fintilect is a group of fintech companies owned by Parabellum Investments, comprising British software companies ieDigital and ABAKA, and the American financial services company Connect FSS. [2]

Its products use artificial intelligence to personalise banking interactions with customers according to their lifestyle and financial habits. [3]

History

ieDigital was founded as Intelligent Environments in 1985, initially working on home automation, [4] but later specialised in software for the financial services sector. [5] Its headquarters are in Kingston upon Thames, near London.

In 2010, through a reverse takeover with Documetric, [4] IE PLC grew and was delisted from the Alternative Investment Market (AIM). This acquisition was spearheaded by Rami Cassis, who founded the parent company Parabellum Investments, and remains a key figure at Fintilect. [3] [5]

It was rebranded as ieDigital in 2018. [4] [6]

ieDigital's main product is called "Interact", [7] a digital platform for banks and building societies. Past clients include global banks Lloyds and HSBC [8] and UK-based Dudley Building Society [9] and Darlington Building Society. [10]

In October 2023, ieDigital acquired Connect FSS, a US-based digital banking technology provider to credit unions, thus cementing its position as one of the largest global digital banking software providers. [11] In January 2024, ieDigital acquired ABAKA, a UK-based AI fintech software provider. [12] Fintilect was launched as a combined identity for these three companies in August 2024. [3]

References

  1. ↑ "Lindsay Soergel Appointed as Fintilect CEO". Fintech Finance News. 5 March 2025. Retrieved 6 May 2025.
  2. ↑ "Transatlantic fintech alliance Fintilect goes live". Finextra. 21 August 2024. Retrieved 6 May 2025.
  3. 1 2 3 Methri, Gloria (23 August 2024). "Fintilect launches to offer AI-driven banking personalisation in the UK". IBS Intelligence. Retrieved 6 May 2025.
  4. 1 2 3 Andreasyan, Tanya (31 May 2018). "Intelligent Environments rebrands as ieDigital". Fintech Futures.
  5. 1 2 "Interview with Jerry Young, CEO at ieDigital". Financial IT. 23 March 2022.
  6. ↑ "Intelligent Environments to rebrand as ieDigital". Intelligent Environments. 31 May 2018. Archived from the original on 20 August 2018.
  7. ↑ "Product review: Interact application suite". Financial IT. 23 March 2022.
  8. ↑ Brusnahan, Patrick (6 June 2018). "Intelligent Environments to rebrand as ieDigital". Retail Banker International.
  9. ↑ "Dudley Building Society goes digital with ieDigital". FinExtra. 1 February 2021.
  10. ↑ "Darlington building society continues overhaul with IeDigital". Always Finance News. 7 October 2021.
  11. ↑ "ieDigital acquires Connect FSS to become one of the largest global digital banking software providers". UK FinTech. 17 October 2023. Retrieved 12 April 2024.
  12. ↑ "IeDigital acquires AI fintech software house Abaka". Finextra Research. 25 January 2024. Retrieved 12 April 2024.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.