DWS is set to consolidate its digital fund platform business into a vertically integrated structure, with hopes of growing it from a transaction platform to a scalable digital investment platform.
IKS 2.0 will incorporate DWS's fund management platform IKS - which currently holds €100bn in assets under administration (AUA) - with its digital assets WISE, Edison and DWS Direct, in an effort to bolster the firm's digital distribution proposal. WISE is the firm's 'B2B2C' white-label robo-adviser solution, Edison is its B2C investment app and DWS Direct is the group's direct distribution platform. Hargreaves Lansdown joins ABI as inaugural platform member IKS 2.0 will be led by managing directors Kai Bald and Stephan Scholl. Bald has been running DWS's digital business globally ...
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