Credit Suisse has entered into a partnership with a financial technology firm and improving its digital offering in Asia.
Zurich-based Credit Suisse has entered into a partnership with Singapore-based fintech company Mesitis to provide its clients access to «Canopy», an automated account aggregation platform and reporting solution through Credit Suisse’s digital private banking platform.
The Swiss bank said in a media release that it has also made additional enhancements to its digital private banking platform in Asia.
The bank is also rolling out the front-to-back automated digital client on-boarding application, which it claims will enhance efficiency in the on-boarding of new clients.
The new partnership with Mesitis will enable the bank’s Singapore-domiciled clients who have accounts with Credit Suisse in Singapore to participate in a pilot program to gain access to Mesitis’ account aggregation service.
More Efficient Private Bankers
Canopy lets clients aggregate their bankable and non-bankable assets across different geographies and asset classes. It also provides analytics and insights for wealthy clients.
«Digital client on-boarding is a key initiative which will ultimately enhance a new client’s experience with Credit Suisse as well as the efficiency of our relationship managers who can focus more on servicing clients’ financial needs,» said Christian Huber, operating chief of Credit Suisse's private bank in Asia.
