Technical due diligence for four acquisitions

Ensuring seamless integration and growth of strategic acquisitions for FinTech giant

The client: Fintel IQ

Fintel, a rapidly expanding financial services and technology provider, was in a phase of strategic growth through acquisition. Fintel’s strategic acquisitions have focused on expanding their suite of technology-driven solutions to better support financial advisors and institutions.

Recent acquisitions include Threesixty, Synaptic, VouchedFor, and ifaDASH. With Threesixty from Abrdn, Fintel strengthened its position in compliance and business support for financial advisors. Synaptic brought advanced financial planning software into Fintel’s toolkit, while VouchedFor enhanced the firm’s advisory network and financial analysis capabilities.

The ask

As Fintel expanded, it was critical for them to assess the technical robustness of the companies they were acquiring. Ensuring technical due diligence is an essential step in mergers and acquisitions, confirming that a prospective acquisition’s systems, practices, and infrastructure are secure, scalable, and in line with best practices. By conducting technical due diligence, businesses can identify potential risks, compliance issues, or system inefficiencies that may affect long-term viability, security, and integration.

What we did

Answer Digital was engaged to perform a comprehensive technical due diligence assessment for Fintel’s acquisitions, producing a detailed report on the strengths, weaknesses, and potential risks associated with each target. This report served as a structured 'snag list', meticulously itemising issues in order of priority to guide Fintel’s acquisition strategy and integration plan.

Prioritised snag list

The prioritised snag list enabled Fintel to address immediate risks, plan for essential fixes from Day 1, and set a roadmap for ongoing improvements, providing a strong foundation for seamless integration and future growth.

Our team conducted this analysis within a tight one-week timeframe, delivering actionable insights into each acquisition’s technical health, with clear guidance for next steps.

Immediate Blockers:

Day 1 Requirements:

Longer-term Fixes:

Benefits and outcomes

By evaluating systems, data security, and technical infrastructures, we identified critical improvements for seamless transitions and enhanced operations.

Our work enabled scalable and reliable integrations, optimised platforms for customer engagement, and delivered valuable insights for advancing data management and digital capabilities. These assessments have laid a strong foundation for long-term growth and innovation.

Beyond the assessment, our team of over 120 skilled consultants were positioned to help implement recommended improvements, offering Fintel the unique advantage of seamless, in-depth support to mitigate any risks and ensure alignment with Fintel’s standards as they integrated new systems into their growing portfolio.

Looking ahead

Our approach provided Fintel with a reliable foundation for future growth, enabling the company to continue its expansion with the technical assurance necessary for success. Our team remains available for future expansions and improvement initiatives, offering Fintel a trusted partner in their journey to build a robust, technology-driven financial services ecosystem.

"Answer Digital’s meticulous and swift technical due diligence was instrumental in providing the information we needed ahead of purchase and laid the foundation for seamless integration of these acquired businesses. Answer had flexibility in approach to match our needs to the size and type of each deal coupled with the ability to deliver at speed ensuring alignment with our strategic objectives."

Kyle Augustin, CEO, Fintel IQ

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