Swissquote becomes a member of the OpenWealth Association
Leading Switzerland based online banking and brokerage firm Swissquote (SWX:SQN) has announced that it will become a new and active member of the OpenWealth Association as of April 2022.
OpenWealth connects financial institutions through an open API standard for a global wealth management community. With this new membership, Swissquote significantly improves its services for institutional and private clients.
Swissquote, the Swiss leader in online banking, joins the OpenWealth Association in April 2022 and becomes an active member. OpenWealth connects financial institutions, WealthTechs and other service providers and defines an open API standard for the wealth management community. The unified collaboration with standardised interfaces based on the Open Banking principle strengthens the Swiss financial centre as an ecosystem of innovation.
Joining the association is in line with Swissquote’s consistent strategy of further business development through the creation of new use cases in the area of API management for end customers.
Jan De Schepper, Chief Sales and Marketing Officer at Swissquote said:
“We are very excited to be the newest member of the OpenWealth community to further develop our API management for our clients in the best possible way. As part of the various working groups, we can shape the future of an international API standard for the wealth management community, alongside seven other Swiss banks and many international partners.”
By joining, Swissquote significantly increases its API offering in the areas of Order Placement, Custody Services and Customer Management. Clients will be informed about the new availabilities at the appropriate time.
Swissquote is Switzerland’s market leader in online banking. Over three million financial products can be traded on its innovative platforms. Swissquote’s core competencies include global stock market trading, trading and custody of crypto assets, Forex trading and the RoboAdvisor solution. In addition, Swissquote is active in the payment card, mortgage and leasing markets. As at the end of December 2021, Swissquote held over 55 billion Swiss francs in assets for more than 480,000 private and institutional clients. In addition to its headquarters in Gland, Switzerland, Swissquote has offices in Zurich, Luxembourg, London, Dubai, Hong Kong, Singapore and Malta. Swissquote holds banking licenses both in Switzerland (FINMA) and Luxembourg (CSSF). Its parent company, Swissquote Group Holding Ltd, is listed on the SIX Swiss Exchange (symbol: SQN). The Swissquote Group and PostFinance each own 50% of the fintech app Yuh AG.