By adopting Limina's scalable platform, Avanza has been able to launch 33% additional funds
without having to scale its investment operations team.
Avanza, a Nordic bank, launched its asset management arm in 2006. They have since grown to USD 10 billion in assets under management.
To continue their growth journey, they needed to find a partner whose system was flexible and could easily integrate with all of their current and future (unknown) service providers and systems.
Asset class support was also important, to select a system where all assets can be natively supported without workarounds. Avanza has index funds (passive), equity and derivative funds, fund of funds and fixed-income products.
After a detailed procurement process, Limina was selected as the vendor.
Avanza initiated the procurement process with the goal to decrease operational risk through:
Limina has been and will continue to be an enabler for Avanza's future growth in many areas and meet its compliance requirements while doing so.
Listen to the full interview with Maria, conducted after the selection process finished (before go-live):