What Artis Consulting does

Artis Consulting S.r.l. (operating as Finwave, legal entity FINWAVE SPA) is an Italian-headquartered fintech software vendor providing end-to-end platforms to banks, factor companies, consumer finance providers, leasing companies, asset managers, custodian banks, IMELs, and other regulated financial institutions. The company sells proprietary software platforms under sub-brands including K4F (Keystone for Finance) for factoring, RMT for risk management and treasury, PEF for electronic credit files, Phoenix Compliance Platform for regulatory reporting, and NAVSQUARE 2020 for fund administration, delivered via on-premise or cloud/SaaS deployment. Underlying technology is modern microservices architecture (Kafka, Kubernetes, OpenShift) with NoSQL data layers (MongoDB) and ETL pipelines (IBM DataStage), and the platform integrates with European market infrastructure including T2S, Monte Titoli, Swift, CC&G, and Target2. K4F alone processes over 50% of Italian factoring turnover (€270 billion in 2022), giving the company a dominant position in the domestic factoring market.

The company generates revenue through software licenses and subscriptions (recurring SaaS and pay-per-use models), professional services and consulting (implementation, customization, application management, BPO), and full outsourcing for regulatory and back-office functions. Pricing is quote-based enterprise SaaS with multi-year contracts; specific tiers are not publicly disclosed. Go-to-market is direct enterprise field sales targeting financial institutions, complemented by strategic partnerships with technology providers (IBM, MongoDB) and credit-scoring specialists (Modefinance). Finwave was formed in 2022 through the merger of Arcares (founded 1987), Liscor, Finance Evolution, and CSTTech; acquired by Apax Funds in December 2023 alongside OCS; combined under Fibonacci Group; and expanded in January 2025 through the acquisitions of Quid Group/Cabel and Alvantia, reaching over 1,500 employees and €210 million in revenue across Italy, Spain, Romania, Netherlands, and Mexico.

Name

Artis Consulting

Legal name

FINWAVE SPA

Website

https://artis-consulting.it

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Artis Consulting (operating as Finwave) is an Italian fintech software vendor providing end-to-end factoring, lending, consumer credit, securities, and regulatory compliance platforms to banks, factor companies, asset managers, and other financial institutions across Europe and Latin America.

Ownership category

akta.pro rank

Product category

Fintech and Banking Software

NAICS

Software Publishers (513210), Computer Systems Design and Related Services (54151)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)

akta.pro primary industry

Enterprise Performance Management (EPM) & FP&A Platforms (HDAEAEAK)

akta.pro secondary industries

SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI), Robo-Advice for Institutional/Treasury (OCIO-lite, Cash & Liquidity) (FSAGAEAJ)

Keywords

• Factoring management software
• Regulatory compliance software
• Consumer credit platforms
• Banking software solutions
• Treasury management systems

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Licenses and Subscriptions: Sale of proprietary software platforms including K4F, PEF, Phoenix, RMT. Offered both as on-premise and SaaS/cloud solutions. Pay-per-use and subscription models available.
2. Professional Services and Consulting: Technical and consulting support for digital transformation projects. Includes implementation, customization, application management, and full outsourcing services.
3. SaaS/PaaS Services: Cloud-based delivery of software solutions with flexible business models including SaaS and pay-per-use options for banking technology guaranteed and certified in banking environment.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Artis Consulting (operating as Finwave) designs, develops, and commercializes proprietary end-to-end fintech software platforms for financial institutions, including K4F for factoring management, PEF for electronic credit files, Phoenix Compliance Platform for regulatory reporting, RMT for treasury and risk management, and NAVSQUARE 2020 for fund administration. The company delivers these solutions both as on-premise licenses and SaaS/cloud deployments, complemented by implementation, consulting, and application management services targeting banks, factoring companies, consumer finance providers, leasing firms, asset managers, and SGRs/Funds.

Product overview

Finwave (Artis Consulting) is a financial software company that evolved from the merger of Arcares, Liscor, Finance Evolution and CSTTech. The company operates as a platform-plus-modules architecture offering end-to-end solutions across specialty finance (K4F for factoring, lending solutions for leasing), consumer finance (consumer credit solutions), banking services (wealth management, core banking), and regulatory compliance (Phoenix Compliance Platform). The portfolio includes core platforms like K4F (factoring management), RMT (risk management and treasury), PEF (electronic credit file), and NAVSQUARE 2020 (fund administration), complemented by specialized modules for UTP/NPL management, regtech solutions, securities services, and the Osservatorio Normativo Plus consulting service. The company is part of Fibonacci Group controlled by Apax Funds.

Differentiator

Problem solved

Functional benefit

Brands

• K4F - Keystone for Finance: Comprehensive factoring management platform handling over 50% of Italian Factor turnover
• RMT - Risk Management & Treasury
• PHOENIX Compliance Platform
• NAVSQUARE 2020

Products and services

• K4F (Keystone for Finance) Comprehensive factoring management platform serving the Italian market since 1987, managing more than 50% of Italian Factor turnover. Offers complete, standalone management of business processes, both internal and customer-facing, with integration to major Supply Chain Management platforms and Core Banking systems in Italy. Targeted at factor companies requiring end-to-end factoring lifecycle management.
• PEF (Pratica Elettronica di Fido) Electronic credit file system used for credit analysis that acquires extensive data, represents it in appropriate summary form, and activates effective decision-making escalation for final approval by collective administrative bodies or authorized individual bodies. Targeted at banks and consumer finance providers for credit assessment and decision-making processes.
• Phoenix Compliance Platform (PCP) Integrated compliance and regulatory reporting platform designed specifically for financial intermediaries, banks, and insurance companies. Features modules for ADE, AML, FATCA, CRS, DAC6 reporting, fiscal monitoring, and investigations.
• RMT (Risk Management & Treasury) Integrated treasury management and real-time risk and performance monitoring solution for financial portfolios of banks, financial companies, IMEL (Electronic Money Institutions), asset management companies, and other financial institutions.
• NAVSQUARE 2020 Platform enabling automation of processes and procedures for supervised entities, punctual administration of entire back office cycle, and coordinated front office management for SGR, Funds, SICAF, and Custodian Banks.
• Fast Factoring Digitale Fully digital platform for factoring operations including confirming services. Enables complete digitalization from prospect customer onboarding to contract management and digital management of cedent and assigned transactionality.
• Phoenix Business Platform (PBP) Cloud-based business platform for managing certified email (PEC), GDPR compliance, and process automation. Targeted at financial institutions and enterprises requiring centralized digital communication and compliance infrastructure.
• Lending Solutions End-to-end solutions for complete management of financial and operating leasing and rental management. Scalable and technologically advanced, integrating channels, agencies, and dealers. Targeted at lending and leasing companies.
• Consumer Finance Solutions Application solutions for consumer credit management with project implementation and consulting aimed at real needs of consumer finance institutions.
• UTP & NPL Solutions Customized solutions for management of both performing and impaired (UTP & NPL) portfolios using advanced analytical approaches and risk assessment methodologies.
• Banking Solutions Complete suite for Wealth Management and mid-size banking systems with modular digital solutions for banking credit processes.
• Forward 3000 Packaged software solution for asset financing to retail and corporate customers. Targeted at lending institutions providing asset-based financing products.
• Panda Banking process management solution with modules for Consumer Credit, UTP/NPL portfolio management, and Securities Services. Targeted at banks and financial intermediaries.
• Instant Factoring (Italy's First) First instant factoring product in Italy, reducing processing time for credit files and providing answers in hours through integration of Modefinance's automatic scoring with Finwave's PEF electronic credit file. Targeted at factoring companies and their corporate clients.
• Confirming - Supply Chain Finance Confirming financial product for supply chain financing that enables supply chain buyer companies to mandate payment of invoices at due dates. Service is fully digital and managed through the Fast Factoring Digitale platform.
• Qinetic Cloud-native platform acquired via Quid Group for consumer credit and retail banking, covering the entire credit lifecycle. Targeted at consumer finance providers and retail banks.
• Electronic Invoice (E-invoicing) Electronic invoicing, digital signature, and document conservation solutions for process digitalization and automation. Targeted at financial institutions and corporates requiring statutory invoicing compliance.

Quantifiable outcome

• Over 50% of Italian Factor turnover managed on K4F platform
• +3 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

AI capability6 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• ModefinancecoreTechnology or Integration · 30 January 2025Strategic partnership for development of supply chain financing services and automated credit decision processes. Modefinance, part of TeamSystem Group and registered Credit Rating Agency (CRA and ECAI), provides AI-powered creditworthiness assessment integrated with Finwave's electronic credit file for Credemfactor's instant factoring product.
• CredemfactorcoreStrategic or Co-development Partner · 30 January 2025Long-term partnership for digital transformation of factoring operations. Finwave provides the Fast Factoring Digitale platform, PEF (Pratica Elettronica di Fido) for credit assessment, and confirming services development. Credemfactor aims to reach EUR 100 million in credit facilities from confirming contracts by end of 2025.
• AlvantiacoreStrategic or Co-development Partner · 30 January 2025Acquisition of Alvantia by Finwave Iberia & Latam, part of Fibonacci Group. Alvantia is a leader in factoring and confirming software in Spain and Latin America since 2003, offering cloud-native modular software platform serving leading banks and specialty providers.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Modefinance: Modefinance is an Italian registered Credit Rating Agency (CRA/ECAI) and Finwave's strategic AI partner, providing creditworthiness assessment integrated with PEF. Comparable in adjacent credit-decisioning technology and overlapping customer base in Italian factoring.
• Mambu: Mambu is a cloud-native core banking SaaS platform serving challenger banks, lenders, and fintechs globally. Comparable to Finwave's lending, consumer credit, and Cabel BaaS offerings, and a credible competitor in the European mid-size banking segment.

Broad incumbents

• Temenos: Temenos is a Swiss-based global leader in core banking and wealth management software with broad banking-segment coverage. Comparable to Finwave as a banking-software vendor, but operates at far greater scale and competes for the same mid-size European bank IT budgets.
• nCino: nCino provides cloud-native core banking and credit origination software to global financial institutions. Comparable to Finwave's consumer finance and credit decisioning offerings, and a competitor as European banks modernize onto cloud platforms.
• Tinexta: Tinexta is a larger Italian digital trust and fintech group providing digital identity, credit information, and compliance services. Comparable to the broader Fibonacci Group as a regulated, multi-product Italian fintech platform serving financial institutions.
• SIA (part of Nexi Group): SIA, now part of Nexi Group, is a major European payment technology and financial software infrastructure provider. Comparable to Finwave as a large Italian-headquartered financial technology vendor serving banks across payments, securities, and post-trading.

Direct peers

• TAS Group: TAS Group is an Italian fintech vendor specializing in treasury, payments, and capital markets software for banks and corporates. Closely overlaps with Finwave's RMT (Risk Management & Treasury) and securities/capital markets offerings for the same Italian banking client base.
• Cerved: Cerved (now Cerved Group, part of ION) provides credit information, analytics, and marketing solutions to Italian banks and financial institutions. Comparable to Finwave's positioning as a vertical Italian fintech serving the same banking buyer with credit and risk data products.
• Cedacri: Cedacri is a leading Italian IT outsourcing and core banking services provider for banks and financial institutions. Comparable to Finwave as a domestic Italian banking technology vendor, though Cedacri is more services-led while Finwave is more product-led.
• CRIF: CRIF is a Bologna-based global credit bureau, analytics, and decisioning software provider serving banks, financial institutions, and SMEs. Directly comparable to Finwave as an Italian-headquartered vertical fintech software vendor with deep credit and regulatory expertise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/artis-consulting_2

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Artis Consulting