Swissquote seeks to expand its offering with an all-in-one platform for external asset managers. The online bank is relying on a collaboration with a wealth tech provider.
Swissquote has agreed to collaborate with Etops Group, according to an email Monday. The «Asset Master» software platform will help asset managers process transactions in compliance with the rules.
Asset management under the new information and conduct obligations of the Financial Services Act (FIDLEG) is demanding and costly in terms of time and finances. For the new platform, the company uses the Etops solution for customer relationship management (CRM) and portfolio management systems (PMS).
Further Expansion
The solution combines a wide range of functions ranging from aggregating the necessary data from a wide variety of sources in multiple formats to condense it into key figures and analyses, to FIDLEG-compliant data storage.
The two companies are working together to expand the newly launched platform. Over the year, the electronic onboarding of asset management clients and the direct placement of trades with order status feedback should also become possible.
The new offering provides clients with a comprehensive solution that allows them to focus on their core business of advising their clients and managing their assets.
