Fin365 strengthens tech services with strategic mergers

VICTORIA, AUSTRALIA — Financial services software provider Fin365 is expanding its technology services division through strategic mergers with Optimised Financial Planning Solutions (OFPS) and SMSF Paraplanners (SMSFPP).

According to Fin365 CEO Stephen Handley, this latest initiative aligns with their founding mission of helping businesses deliver high-quality financial services to a greater number of customers through technology. 

“SMSF Paraplanners and OFPS each have areas of expertise that complement Fin365… Bringing the combined skills/resources together will allow us to accelerate [the] growth of both capacity and capabilities, meaning we’ll be better positioned to respond to increasing demand,” Headley added.

SMSFPP provides outsourcing services such as client services and paraplanning. The firm’s Managing Director Jo Hall said that the merger would allow them to continue growing their services. 

Meanwhile, OFPS Founder Tim Reid, who will join Fin365 as Head of Technology Services, said the combined team would be uniquely positioned to perform CTO/Business Analyst type functions, a gap that has long existed in the financial industry.

Services initially offered by the new division will include data services, revenue management, software customization, dedicated technology support and technology consulting for a broad array of technologies.