Swissquote Becomes New Member of the OpenWealth Association

Swissquote, the Swiss leader in online banking, 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.

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.

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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.

"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," Jan De Schepper, Chief Sales and Marketing Officer at Swissquote.

By joining, Swissquote significantly increases its API offering in the areas of Order Placement, Custody Services and Customer Management.

(Source: MarketScreener)