Business

These strategic moves aim to enhance FPT Americas’ scalability, expand services and deepen customer relationships in financial services, including capital markets, investment and wealth management.

FPT Software will further strengthen its financial services competencies in North America by leveraging First North’s expertise across the three areas: Front Office and Wealth Management; Middle and Back Office Operations; and Capital Markets, Regulatory and Compliance Management. FPT Software can also deliver its services and solutions to market participants through First North Consulting’s Technology and Industry Solutions pillar, while collaborating with SIDE to enhance operational efficiency. FPT Software’s global customers will also be able to leverage SIDE’s market infrastructure platform, which serves as a software-as-a-service (SaaS) for large financial institutions in North America.

First North will enhance its technology scale by leveraging FPT Software’s tens of thousands of data and software engineers and advanced technology capabilities in digital modernisation, big data, analytics, artificial intelligence, and business process optimisation.

“Over the past decade, we have invested and entered M&A transactions with prominent technology and consulting companies worldwide to strengthen our technical capabilities, enhance our position in strategic markets, and expand our clientele. We are confident that with First North’s outstanding reputation in the North American markets, its industry expertise, and local resources, we can enhance our offerings to accelerate growth and strengthen resilience for our customers globally,” said Phuong Dang, Senior Executive Vice President of FPT Software and CEO of FPT Americas.

“For more than two decades, our customers, including at the board level, have entrusted First North with the development, validation, and implementation of their customers’ strategic objectives, including business transformation, new product development, process re-engineering, and regulatory compliance. Following interest from several global companies, First North has chosen FPT Software as our strategic partner. FPT Software’s focus on the latest technology innovation, such as hyper-automation and their commitment to both Canadian and international markets will allow First North and SIDE to take on our customer’s largest mandates,” said John Packwood, Founder & CEO, First North Group.