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March 3, 2017

Credit Suisse partners with Mesitis to offer wealth aggregation platform

Credit Suisse has teamed up with Singapore-based fintech firm Mesitis to offer an automated aggregation and reporting platform for its private banking clients.

By Verdict Staff

Credit Suisse has teamed up with Singapore-based fintech firm Mesitis to offer an automated aggregation and reporting platform for its private banking clients.

Free Report
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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The platform, dubbed Canopy, will allow the bank’s clients to aggregate bankable and non-bankable assets across multiple geographies and asset classes, as well as offer insights to help clients manage their aggregated wealth.

Credit Suisse head of private banking for Asia Pacific and CEO for southeast Asia and frontier markets Francesco de Ferrari said: “Many of our high-net-worth and ultra-high-net worth clients have indicated they would like to have a single portfolio view available in one place, and to be able to plan, analyze and track their wealth across multiple institutions and asset classes.

"In response to this trend and our desire to place the client experience at the heart of everything we do, we continuously look to bring the most innovative technology solutions to serve our clients. Our collaboration with Mesitis is an important milestone whereby we aim to extend our existing digital private banking service offering through more comprehensive solutions and services for our clients."

In addition, the bank also announced plans to launch a front-to-back automated Digital Client Onboarding application to enhance client onboarding efficiency. The app can be used by relationship managers to onboard Singapore-domiciled clients looking to open accounts with the Singapore branch of Credit Suisse.

The bank said that the new app will facilitate digital onboarding through a specially configured iPad that can capture clients signature electronically and support optical character recognition for client identification documents.

Credit Suisse COO of private banking Asia Pacific Christian Huber said: “Digital Client Onboarding is a key initiative which will ultimately enhance a new client's experience with Credit Suisse as well as the efficiency of our Relationship Managers who can focus more on servicing clients' financial needs."

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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