Schroders announced the first fintech startup Qwil Messenger to join its global in-residence programme, following its successful launch early this year. Qwil Messenger is a secure instant messaging platform that allows firms and clients across jurisdiction to communicate directly single a single app. The Cobalt programme  is designed to fintech startups to collaborate with Schroders  to support their development, according to the company’s press release.

Graham Kellen, Chief Digital Officer, Schroders, said“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 primarily targeting fintech companies which have crossed the nascent stages of development and offers significant solutions in investment management. Peter Reading, Chief Executive Officer and co-founder of Qwil Messenger, said“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.”