Empaxis joins Communify to unify AI and data for finance firms
CALIFORNIA, UNITED STATES — In a strategic move to overcome the primary barrier to the adoption of artificial intelligence (AI) in finance, Empaxis Data Management was acquired by Communify, a provider of financial AI and data solutions.
The acquisition directly addresses the industry’s challenge of fragmented, inaccessible data by combining Empaxis’s data unification expertise with Communify’s advanced MIND AI platform, creating a complete, out-of-the-box solution for wealth and asset managers, according to separate press releases by Empaxis and Communify.
“Through this acquisition and strategic alignment, Empaxis will combine its investment operations and data management expertise with Communify’s Financial AI platform to deliver maximum scale and efficiency for wealth managers and investors,” noted Stephen Van de Wetering, Founder and Chief Executive Officer (CEO) of Empaxis.
Empaxis, Communify drive financial innovation
Empaxis has improved middle- and back-office operations for more than 20 years by using complete automation and expert outsourcing, which has led to an average cost reduction of 42% while managing over $500 billion in assets.
This robust, data-driven approach delivers seamless scale and operational efficiency, supported by a global presence—from the United States to Delhi, India—that underpins modern investment management.
Similarly focused on technological innovation, Communify unifies market and client data through its mature financial AI, digital, and data solutions to deliver precise insights and automation for investment professionals.
The company’s advanced deterministic and generative AI capabilities are powered by a formidable knowledge base of over 4,000 unique data feeds, positioning Communify as a pivotal innovation partner for firms at any stage of their digital transformation journey.
Deal aims to break down data silos in finance
The acquisition is predicated on the reality that advanced AI tools become ineffective when faced with disparate, siloed information, a common challenge for financial firms.
Communify’s AI-driven tools, such as Client Stories and Portfolio Stories, which are proven to drive engagement and scale operations, depend on access to organized, accessible data to function at their promised capacity.
The integration of Empaxis directly removes this obstacle. Empaxis brings focused expertise in unifying a firm’s fragmented custody and accounting data, creating what the companies describe as an AI-ready foundation.
This managed service handles the complex back-office data puzzle, ensuring that client and market data within Communify’s Knowledge Base is unified.
“The acquisition of Empaxis Data Management eliminates the barriers between client and internal systems, unifying client and market data within Communify’s Knowledge Base. This integration powers MIND AI to deliver best-in-class Portfolios, Research, and Client Stories,” said John Wise, CEO of Communify.
Unified platform delivers complete AI and data suite
The move highlights the strategic shift from offering standalone components to providing an integrated, end-to-end service. Before the acquisition, firms faced the challenge of piecing together data management and AI analytics from separate vendors.
This unified approach is positioned as the complete package that firms have been requesting. Communify, already one of the largest global market data distribution platforms with pre-integrations for over 175 market data vendors, now incorporates Empaxis’s more than 20 years of operational excellence in custodial integrations and digital transformation.
The outcome is a strong, all-in-one solution that helps wealth and asset managers quickly leverage AI, whether it’s improving client onboarding with tools like the Money Map or creating personalized client stories in just seconds.
“It is a massive win for our clients, the wealth managers and investors who will leverage this combined platform and suite of digital apps to achieve unmatched scale, efficiency, and client insight,” Van de Wetering concludes.
