AXA IM and Dreams enter into a European partnership, empowering millennials to save and invest towards their goals
- 15 January 2019
AXA Investment Managers (AXA IM) and Stockholm-based Fintech company, Dreams, have entered into a strategic partnership to offer millennials an innovative range of investment services through the Dreams mobile platform.
The AXA IM-Dreams partnership is built on a shared focus to drive innovation to serve a new generation of savers and investors, based on their specific needs in the digital environment.
Through this innovative partnership in Europe, AXA IM will be the exclusive provider of mutual funds catering to millennials on the Dreams mobile platform. Launching across continental Europe, the services will eventually be introduced on the German, Belgian, French, Italian, Dutch, and Spanish markets.
This partnership will include an innovation lab designed to conduct research on millennials’ savings and investment habits, with the aim of having more information on their investment needs to ultimately help them make better investment decisions.
Targeting retail clients and millennials in particular, Dreams offers savings and investment services. By leveraging cutting-edge technology, artificial intelligence, and cognitive-based finance; individuals are encouraged to save and invest money on their own terms. Incentives pertinent to each individual and based on personal goals help users to achieve their dreams.
“We are delighted to partner with Dreams, as this partnership is a key milestone in our digital strategy to open up new digital distribution channels, starting with one targeting millennials – who are already today’s investors. We want to make investment easier for our clients and our recent Voices survey1 has shown how young people require more financial knowledge. We believe that the Dreams app is helping them to better understand the value of saving and investing to achieve their goals and prepare a better tomorrow for themselves, through an innovative and easy client experience. We are looking forward to working with Dreams to combine our strengths and digital capabilities, and to innovate and learn from them to better serve our clients.” said Joseph Pinto, Global Chief Operating Officer of AXA IM.
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“Our unique Dreams method has proven its worth in the Nordic markets, where we boast 300,000 users or the equivalent of 14% of the total 20-40 year-old target group in Sweden. We have achieved these figures in under two years, and proudly count women as 69% of our users. Research shows that people save €135 more with us every month than they did with their banks, proof that a customer-centric, behaviour-based approach to savings works. As we expand into the European market, we are proud to call AXA IM our partner. Their extensive knowledge, experience and expertise, and rich product portfolio makes them the perfect match for our offering. These are exciting times for Dreams, and we are thrilled to offer Europeans a platform to become as successful at saving as Scandinavian Dreamers are today.” stated Henrik Rosvall, CEO of Dreams.
Disclaimer
AXA Investment Managers is an active, long-term, global, multi-asset investor focused on enabling more people to harness the power of investing to meeting their financial goals. By combining investment insight and innovation with robust risk monitoring, we have become one of the largest asset managers in Europe with ambitions to become the chosen investment partner of investors around the world. With approximately €669bn in assets under management as of end December 2015, AXA IM employs over 2,351 people around the world and operates out of 29 offices in 21 countries. AXA IM is part of the AXA Group, a global leader in financial protection and wealth management.
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AXA Investment Managers UK Limited is authorised and regulated by the Financial Conduct Authority. This press release is as dated. This does not constitute a Financial Promotion as defined by the Financial Conduct Authority and is for information purposes only. The content herein may not be suitable for retail clients. No financial decisions should be made on the basis of the information provided.
About Dreams
Founded in 2013 in Sweden, Dreams is a rapidly expanding Fintech company. Offering savings and investment services to retail clients, our platform is particularly focused on serving millennials. By developing a unique user-friendly mobile application platform, the Dreams’ differentiator is in our application of behavioural science and mental accounting techniques – combined with a premium focus on customer experience and insights captured through social media and focus groups. Dreams has a proven track record in Sweden (live since 2016) and Norway (live since 2018), and we continue to experience exponential growth in both territories. Current figures boast 300,000 registered users. In 2018, Dreams was named a Rising Star as part of the KPMG Fintech 100 Awards.
- Visit our website: https://www.getdreams.com/en/ and press room: https://newsroom.notified.com/dreams-press
- Follow us on Instagram: @dreams.app
- LinkedIn: https://www.linkedin.com/company/dreams-studio-ab/
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This press release is as dated. This does not constitute a Financial Promotion as defined by the Financial Conduct Authority and is for information purposes only. The content herein may not be suitable for retail clients. No financial decisions should be made on the basis of the information provided. Strategies mentioned may not be registered or available in your jurisdiction. This communication is not an offer to buy or sell any investments, products or services and should not be considered as a solicitation or as investment, legal or tax advice.
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