Swissquote Singapore, the Asia-Pacific hub of Switzerland’s leading digital bank, has successfully integrated the OpenWealth API at its Singapore booking centre. This development aims to enhance connectivity with External Asset Managers (EAMs), Multi-Family Offices (MFOs), and institutional clients across the region. The integration, facilitated by Synpulse, leverages OpenWealth standards to streamline wealth management services.
The OpenWealth API framework, developed in Switzerland, addresses industry challenges such as fragmented data exchanges and manual onboarding processes. It provides standardised APIs for custody services, client lifecycle management, and order placement, enabling secure and seamless integration between custodians and wealth management intermediaries. Rafael Weber, Head of Institutional Clients at Swissquote Singapore, stated, “Our clients value independence, flexibility, and efficiency, and that’s exactly what OpenWealth helps us deliver.”
Swissquote Singapore has rapidly grown into a trusted digital custodian for over 70 EAMs, MFOs, and funds in Singapore and Hong Kong SAR. Its platform offers trading access to over three million capital market products and supports various structures, including VCC funds and Private Placement Life Insurance policies. Operating under an execution-only model, Swissquote Singapore eliminates conflicts of interest, providing a robust independent private wealth management platform.
Yves Roesti, CEO of Synpulse Group, commented on the collaboration, saying, “This milestone demonstrates the power of collaboration in transforming wealth connectivity.” Since its launch in 2020, the OpenWealth Association has expanded to include over 60 members, including global private banks and fintechs. Swissquote’s adoption of OpenWealth sets a new standard for API-driven collaboration in Asia’s wealth management sector.
