Credit Suisse has collaborated with Singaporean fintech firm Canopy to offer its Hong Kong customers access to the fintech firm’s automated aggregation and reporting platform.
The fintech firm’s technology will be offered through Credit Suisse’s digital private banking platform in Hong Kong.
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The bank will roll out Canopy’s technology in traditional as well as simplified Chinese.
Credit Suisse head of Greater China, private banking Asia Pacific and CEO of Hong Kong branch Francois Monnet said: “Through our collaboration with Canopy, we aim to further enhance our existing digital private banking service offering through more innovative solutions and services for our clients.
“The Digital Private Banking platform creates a new digitalised multi-channel service delivery model that brings the relationship manager and bank significant gains in efficiency and higher value-added productivity, and most important of all, enable us to serve our clients better and cultivate deeper client relationships. The platform is one of the key enablers of our business growth in greater China.”
Credit Suisse acquired a 10% stake in Canopy last year, marking its first investment in a fintech firm in Asia Pacific.
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By GlobalDataCanopy founder and CEO Tanmai Sharma said: “With Canopy, clients have one place to go for all their holistic investment analytics. For private banking relationship managers (RMs), Canopy can also provide a holistic picture of the clients’ assets and further build their trusted relationship with clients. Our successful collaboration with Credit Suisse proves shows that Canopy adds value to both the client and the RM.”
