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