Schroders announces Qwil Messenger as first fintech to join start-up programme

8 May 2018

Schroders is today announcing the first fintech start-up to join its global in-residence programme, following its successful launch last month.   

Qwil Messenger is a secure instant messaging platform that enables firms and clients across jurisdictions to communicate directly through one app, while also meeting the complex data privacy and protection requirements international businesses face. The Cobalt programme has been designed to help financial services-focused start-ups collaborate with Schroders to support their development.

Graham Kellen, Chief Digital Officer, Schroders, commented: 

“The Cobalt programme is already receiving significant interest from a number of cutting-edge fintech firms keen to collaborate with Schroders. “Schroders is delighted to confirm that Qwil Messenger has become the first to officially join the programme. It provides a secure and reliable platform which meets the growing regulatory demands placed on client communication, particularly with GDPR coming into force in the European Union this month.” 

Schroders is specifically targeting fintech companies which have progressed beyond the conceptual or early-growth stage that offer solutions relevant to investment management. 

Qwil Messenger will benefit from direct access to appropriate business divisions within Schroders, desk space, resources and potential investment. An agreement, which can be extended, is in place for the next six months. 

Peter Reading, Chief Executive Officer and co-founder of Qwil Messenger, commented: 

We are proud to be selected as the founding Cobalt programme participant. Collaborating with a forward-thinking institution keen to nurture the growth of an industry-wide solution is key to our development and success. Schroders is a great match for us. 

Social chat apps dominate the way we communicate, but are unsuitable for business purposes. Qwil Messenger makes chat safe and compliant when it matters most, between businesses, clients and their partners. “Our branded platform enables clients in any location to engage seamlessly with all their companies through a secured and trusted communication channel.”
 

For further information, please contact:
 

Estelle Bibby, Senior PR Manager Tel: +44 (0)207 658 3431/estelle.bibby@schroders.com 
Andy Pearce, Institutional PR Manager Tel: +44 (0)207 658 2203/andy.pearce@schroders.com 

Note to Editors 
For trade press only. To view the latest press releases from Schroders visit: http://ir.schroders.com/media 

Schroders plc
As a global investment manager, we help institutions, intermediaries and individuals meet their goals, fulfil their ambitions, and prepare for the future. But as the world changes, so do our clients’ needs. That’s why we have a long history of adapting to suit the times and keeping our focus on what matters most to our clients. Doing this takes experience and expertise. We bring together people and data to spot the trends that will shape the future. This provides a unique perspective which allows us to always invest with conviction. We are responsible for £447.0 billion (€503.6 billion/$604.7 billion)* of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 4,600 people across six continents who focus on doing just this. We are a global business that’s managed locally. This allows us to always keep our clients’ needs at the heart of everything we do. For over 200 years and more than seven generations we’ve grown and developed our expertise in tandem with our clients’ needs and interests. Further information about Schroders can be found at www.schroders.com. Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service. *as at 31 December 2017 

Qwil Messenger 
A highly secure and compliant multi-tenant instant messaging platform designed specifically to connect all professional firms and their clients through one single app. Our product is engineered from the ground up to ensure each user’s identity is verified & trusted, their privacy maintained, and business data kept secure and protected in line with regulatory requirements (including MiFID II & GDPR). It is functionally rich, works just like the social chat platforms that dominate our personal lives, and provides all the benefits associated with what is the most popular and fastest growing form of electronic communication globally. Further information about Qwil Messenger can be found at www.qwilmessenger.com

Find the original press release or more information about the Cobalt programme.
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