Two Deals Boost Brainpower in Germany

DATA CONSUMERS

Brainpower, a Netherlands-headquartered fund analysis technology provider, will see its revenues increase substantially next year after striking deals with two major financial institutions in Germany.

Union Investment, the investment arm of the cooperative banking group Volks- und Raiffeisenbanken, has extended an existing agreement to provide more analytics for 8,000 financial advisors nationwide.

The firm began using a customer profiling tool, which it developed with Brainpower, last month.

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