Data aggregation fintech firm Canopy signs a partnership with Corecam Family Office which will fully integrate the solution in the fourth quarter of 2019.
The partnership will allow portfolio managers, relationship managers and clients to gain access to automated account aggregation and analytics solutions, Corecam said in a release, covering both bankable and non-bankable assets across geographies and asset classes.
According to the release, Corecam Family Office is an investment advisor that targets global entrepreneurs as clients and it chose Canopy due to its «global experience, track record in the HNWI segment, integration with our banking partners, and integrated visualization and analytics platform».
More Speed, More Insights
Adoption of the Canopy solution is expected to help Corecam standardize and integrate data from different sources and in different formats – a tedious task that when manually done can be very costly.
«Currently, too much time is spent on collecting the data from various sources and preparing investment reports,» said Canopy CEO Tanmai Sharma.
In addition to time saved from reporting, Canopy will also be able to leverage the data gathered to streamline product recommendation processes and provide insights on performance and peer comparisons.
«[Canopy] will provide our portfolio and relationship managers with much deeper insights into our clients’ needs and will augment our capabilities in selecting the most suitable strategies and products,» echoed Martin Lechner, Corecam founder and managing partner.
