Linedata Acquires AI Startup DreamQuark, Bolstering Position in Financial AI Solutions

Linedata, a worldwide provider of asset management and credit technology, data, and services, has acquired DreamQuark, a well-known French startup specializing in the development of artificial intelligence (AI) platforms and services for the financial services sector. This acquisition marks a significant step for Linedata in enhancing its technological offerings and services through AI.

DreamQuark’s Decade of AI Expertise

DreamQuark brings a decade of AI software development expertise to the table through its strategic customer partnerships. It has distinguished itself with the development of its AI engines, notably its SaaS NBA (Next Best Action) solutions, which enhance the satisfaction of advisors and clients by facilitating the identification and prioritization of actions to be taken.

These technologies are set to integrate seamlessly into Linedata’s existing software, such as the Linedata AMP platform and its Accumen module dedicated to portfolio management optimization. They will also serve as the foundation for the development of new innovative solutions.

Expanding Influence in Critical Sectors

Well-established in the artificial intelligence market to improve operational efficiency for leading banks, Linedata extends its influence into critical sectors such as asset management, credit, and insurance through this acquisition.

The acquired expertise from DreamQuark and its sustained collaborations with significant entities such as Royal Bank of Scotland and Gambit Financial will enhance Linedata’s presence in the industry. This move aims to improve management processes for both front and back-office operations.

Shared Vision of AI Importance

The acquisition underscores Linedata’s commitment to innovation and the digital transformation of the finance industry. The union of DreamQuark’s talents and Linedata’s expertise opens up new avenues to offer clients innovative solutions to their business challenges.

“At the heart of this alliance lies a shared vision of the critical importance of artificial intelligence for the financial sector, along with a perfect synergy in both values and technology,” states Timothée Raymond, Head of Business Development at Linedata.

Nicolas Meric, CEO of DreamQuark, shares the excitement, “We are thrilled to join Linedata and look forward to bringing our expertise and energy to their clients. We are eager to provide them with high-value solutions based on generative AI and tackle the challenges of integrating it into the asset management, insurance, and credit sectors.”