WeInvest, a provider of digital wealth management solutions, has selected eWise Account Aggregation solution to enhance its Personal Wealth Management tool for families in Singapore.
eWise said that its solution will streamline the investment process by personal wealth tracking and goal-based investing services, generally available only to HNW clients.
WeInvest is launching its new Personal Wealth Management tool, dubbed Trackwealth, which will enable investors to conveniently aggregate their financial information across institutions and analyse their complete portfolio.
Trackwealth will consolidate client’s financial data across all banks and brokers, and help them in evaluating their investment health covering portfolio performance, Income & Expense, cashflows and allocations across regions, asset classes and currencies.
TrackWealth’s consolidation feature, which is developed on eWise solution, will help users in making sense of their finances and manage their investments better, while ensuring privacy and security adhering to the current Singaporean Data regulation environment.
With eWise solution, user will never need to disclose their online credentials to a third party in order to perform the aggregation, it added.
eWise Aegis provides the user with full control and privacy over their personal data, allowing them to actively manage permission settings and share data on terms that suit them.
WeInvest co-founder and CEO Bhaskar Prabhakara said: “We wanted to help Singaporeans make informed decisions about their investment options while abiding to current data and privacy regulations. We found eWise Aegis to have the most suitable architecture to address our clients’ concerns regarding their online user credentials and security of their personal financial data.”
eWise CEO David Hamilton said: “We are excited to see our patented client-side account aggregation technology delivering consumer-centric personal financial data management for Singaporeans. We worked closely with the team from WeInvest to enhance our aggregation of investment account data for the Singapore market, in order for WeInvest to provide the very first wealth tracking & robo-advisor platform for Singaporean investors.”