Provider of financial data management solutions, eWise has announced a partnership with Singapore’s WeInvest. Their product streamlines the investment process, generally available only to high net-worth individuals.
WeInvest is launching its new Personal Wealth Management tool for investors called TrackWealth. Trackwealth consolidates their financial data across all banks and brokers, and helps them assess their investment health covering portfolio performance, Income & Expense, cashflows and allocations across regions, asset classes and currencies.
TrackWealth’s consolidation feature is built on the highly secure and patented eWise Aegis solution. This online consolidation helps users make sense of their finances and manage their investments better, while ensuring utmost privacy and security adhering to the current Singaporean Data regulation environment.
Secure Personal Data Vault
TrackWealth is set to reach clients in Singapore and plans to expand across South East Asia. Effective and intelligent solutions to track portfolios were previously only accessible to the Ultra High Net Worth market, but are now accessible to every family in Singapore, the company said in a statement.
Investors store their personal information within an encrypted Personal Data Vault on their chosen device. With the solution, the user never needs to disclose their online credentials to a third party in order to perform the aggregation. 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.
Help Singaporeans Make Informed Decisions
The eWise Aegis solution, currently used by many of the world’s most innovative financial institutions, was selected by WeInvest for its patented and secure Personal Data Vault and client-side Account Aggregation technology.
«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,» said Bhaskar Prabhakara, Co-Founder & CEO at WeInvest.
