Plano-based Uptiq.AI, a provider of AI-powered solutions for the financial services industry, recently acquired South Carolina-based UpSwot, a cutting-edge provider of financial data integration technology.
Uptiq.AI said the acquisition significantly enhances its ability to deliver innovative, AI-driven applications tailored to the needs of wealth management firms, banks, credit unions, fintechs, and non-bank organizations. Terms of the deal were not disclosed.
“This acquisition is a game-changer for Uptiq.AI,” CEO Snehal Fulzele said in a statement. “With UpSwot’s advanced Financial Data Gateway, we can unlock the full potential of our AI Workbench. This allows us to rapidly bring innovative AI applications to financial services organizations, enabling them to harness the power of their data like never before. Together, we’re setting a new standard for what Enterprise AI can achieve in financial services.”
Uptiq.AI said the deal aligns with its vision of building a vertically integrated enterprise AI platform. UpSwot’s Financial Data Gateway—which integrates with third-party SaaS software across key categories such as accounting, banking, payroll, ERP, and CRM—will now power Uptiq.AI’s AI Workbench.
Enhancing AI-powered tech integration
Uptiq said that integration enables its agents to query and embed data from these essential sources, further differentiating Uptiq.AI from other “Agent Developer Platforms” in the market.
The company said that by combining Uptiq.AI’s reasoning-driven AI agents with UpSwot’s robust data integration capabilities, the enhanced platform will allow financial institutions to seamlessly leverage structured and unstructured data for a wide array of use cases, from personalized customer interactions to complex decision-making processes like loan origination, compliance and portfolio management.
“Uptiq.AI and UpSwot share a commitment to driving meaningful innovation in financial services,” UpSwot CEO Dmitry Norenko said in a statement. “Joining Uptiq.AI will enable us to expand our reach and further amplify the impact of our data integration technology. Together, we are redefining how financial institutions can use AI to deliver exceptional value to their clients.”
In February, Uptiq acquired Focus Treasury and Credit Solutions, a partnership of independent, fiduciary wealth management firms.
Uptiq said the acquisition significantly enhanced its AI-enabled technology by combining its automation and digital/intuitive self-service with FTCS’s client-centric approach to providing custom cash and credit solutions to financial advisers.
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