SEI Acquires Finomial

SEI (NASDAQ: SEIC) has acquired Finomial, a cloud-native investor lifecycle management fintech, to enhance SEI’s investor-focused platforms and accelerate automation, reporting and digital collaboration capabilities. Finomial founder Meredith Moss and a team of approximately 42 engineers, developers, cloud specialists and client service personnel from the U.S. and India will join SEI to support integration and product expansion.