WealthArc launches fully automated interfaces for two private banks

WealthArc, a B2B startup offering SaaS has today launched fully automated interfaces to two private banks in Zurich and Lichtenstein. The banks’ clients will now be able to see their performance contribution, in addition to the previous services.

WealthArc is an early stage offering a cloud-based platform for financial data analysis and client interaction to wealth managers and private banks. WealthArc’s solution leverages data analytics and artificial intelligence to offer asset managers a platform that fosters quick customization of portfolio analytics, allowing them to efficiently address their clients’ needs. Currently, the platform consolidates clients' assets from over 20 Swiss custodian banks in Switzerland, Luxembourg, Monaco and Singapore daily via fully-automated and cyber-secured APIs.

Yesterday, the startup announced that it has launched its fully automated interface to the private banks LGT Liechtenstein and J. Safra Sarasin (JSS). Clients with portfolios at JSS and LGT will be able to see in WealthArc not only their positions and transactions consolidated but also Time-weighted return (TWR) and performance contribution.

WealthArc further announced that LGT Hong Kong and LGT Singapore are already under development and will be roll-out by the end of this year.

Picture: WealthArc