Open Banking, the Swiss way!
With today’s announcement, we are one of the first members of the OpenWealth Association, joining forces with other innovative companies from the financial industry and FinTech world.
The aim is to foster the potential of open banking in defining an open API standard driven by the industry and not by law.
At Altoo, we are currently aggregating our clients' financial data from over 50 different custodian banks, some with API, and some rather manual. A certain standard for these processes will allow all involved parties to share sensitive client data in a secure and efficient way.
We join the Association of the founding members St. Galler Kantonalbank AG, Zürcher Kantonalbank, SIX, Assetmax AG and Alphasys AG, supported by Synpulse Management Consulting.
Together with us today several other companies will join the movement: CSL Corporate Services Est., Divizend, Etops AG, Investment Navigator, ndgit, ONE PM AG, PSplus Portfolio Software + Consulting GmbH, WealthArc, 3rd-eyes analytics AG.
