Objectway, a Fintech group in Italy and one of the premier European players in software and services for the wealth, investment and asset management industries, completed the acquisition of Algorfin, the software and services division of Unione Fiduciaria. Financial terms were not disclosed. “Unione Fiduciaria has identified in Objectway a solid and reliable partner to pass the baton for the development of the Algorfin business. With this sale, the process of focusing on fiduciary activity, the company’s core business, continues and accelerates. This operation allows Unione Fiduciaria to invest additional resources for expansion and thus continue a path already started several years ago,” Filippo Cappio, Unione Fiducia Managing Director.