Digital investing platform launched

Thursday 05 January 2023

The Summit has partnered with investment managers Spring IM, to launch Jersey’s first digital investment platform.

This is the first digital platform of its type to be regulated by the Jersey Financial Services Commission.

Built by The Summit, the platform aims to make the process of matching clients with a strategy meeting their investment goals more efficiently, as well as offering real-time reporting through an online portal. 

The Summit’s founder and managing director, Ben Symonds, said: “Spring IM saw the opportunity to take an end-to-end fintech approach from day one and with The Summit as their sole technology partner, we made it happen.

“The Summit innovatively leveraged a wide array of amazing technologies, seamlessly integrating to achieve huge benefits of great end user experience, automation, scalability and efficiencies for Spring IM. To us, this realisation from a client’s ambitious vision to now a real world, fully functioning cloud platform is what proves our ability to deliver in these kinds of partnerships, and something that we pride ourselves on achieving.”

Simon O’Donoghue, Spring IM CEO, explained: “Understanding client requirements is vital when developing fintech solutions. We identified very early on that the new generation of investors do things differently, using technology to manage their assets far beyond that of their predecessors. To capture this market, Spring IM with The Summit built an entirely digital application and onboarding process, enabling both private and corporate to go through the risk profiling questionnaire and client due diligence process without leaving the digital journey."

Ben Symonds added: “We continue to be a key part of the journey as shareholders and technology partners, so are continuously thinking about the future, how we can evolve, scale and develop for Spring IM and its customers. For us, this was a great chance to innovate without any boundaries or baggage, meaning we could really flex our full potential and innovation, leading to some amazing ideas and end results.”