Fintech and data provider Defaqto has launched a single technology platform encompassing practice management, financial planning, product research/panels, and compliance.
Defaqto claims its Defaqto Unity offering can reduce duplication, improve efficiency and strengthen oversight and control across firms.
With integrated-AI throughout, the fintech claims it can replace fragmented technology stacks with a single unified operating model.
John Miliken, CEO at Defaqto, said whilst integrations between technology solutions have helped advisers, fragmented technology remains a problem.
He said: “Advisers have spent years trying to deliver great client experiences, growth and compliance, battling fragmented practice management, financial planning and client management systems. As regulatory and commercial pressures increase, that challenge has only compounded.
“Connecting systems has solved part of the problem, but it hasn’t addressed how advisers actually work day-to-day.”
Defaqto is part of Fintel. Fintel owns a number of UK fintech and support businesses including Defaqto, Simplybiz and Threesixty.
Earlier this month Fintel acquired Pearson Ham Group’s market pricing business.
The business supplies proprietary pricing data to the UK insurance industry and will become part of Defaqto.
Fintel said the product and pricing data, coupled with generative and AI capabilities, will power the growth of Defaqto’s recently-launched Matrix 360 platform, which serves 22 insurers, as well as Defaqto ratings.
In July 2024 Defaqto, owned by Fintel, acquired fund ratings and research agency RSMR for an undisclosed amount.
Fintel acquired support services firm Threesixty from Abrdn for £14.6m earlier July.
In March 2025 it revealed it had invested £1.5m in Mortgage Brain and acquired 70% of fintech ifaDASH for up to £1.5m.
Fintel also acquired financial services event firm Owen James Events for up to £2.3m in January 2025 and acquired Synaptic Software from AdvancedAdvT Limited in a £4m deal in December 2024. Those acquisitions followed the group's investment in CRM entrant Plannr, which had been announced in June 2023.