Modelity Technologies

growth-positive

German company Lucht Probst Associates (LPA) has acquired Israeli rival Modelity Technologies. The acquisition is being financed by Motive Partners. Modelity will become LPAs development and innovation center in Israel. Modelity has raised $5 million to date from ClalTech, Poalim Capital Markets, and Reuven Ben Menachem. Modelitys revenue has increased from $5 million in 2017 to $10 million in 2018. Modelity is developing a software platform for financial institutions. The acquisition is part of LPAs expansion strategy in the European market. LPA currently provides financial transparency services to consumers and with the acquisition of Modelity, it will be able to provide all services from beginning to end.

growth-positive

Modelity Technologies, a technology provider in the financial services industry, has experienced significant growth due to its ability to meet the requirements of the Packaged Retail and Insurance-based Investment Products (Priips) regulation. The companys Modelity/Structures platform, which offers sales, support, and management tools for structured products businesses, became essential for compliance with Priips. Modelity has been working on its Priips project, which has led to a doubling of its staff in the past two years. The regulation presents challenges in terms of the vast universe of product types it covers and the open issues left to market interpretation. Modelity has actively contributed to addressing these issues through its involvement in industry forums and the development of methodologies and technologies to support compliance.

growth-positive

Modelity Technologies, an Israeli company, has won Structured Products Magazines Technology Innovation award for the second consecutive year. The company develops and markets software for the financial market, combining innovative technology with advanced financial knowledge. Modelitys products include Modelity/Structures, a system for managing structured products, and Modelity/Advisor, a platform for financial consulting processes. The companys clients include leading financial institutions such as Barclays, RBS, Rabobank, and Danske Bank. The article highlights the expansion of product information channels and the use of HTML5-based technologies. The award recognition and positive feedback from RBS indicate growth-positive impact on the company.