Swissquote joins the OpenWealth Association

Swissquote (SWX: SQN), a leading online banking and brokerage business located in Switzerland, has announced that it will become a new and active member of the OpenWealth Association in April 2022.

OpenWealth unites financial institutions with an open API standard for the worldwide wealth management community.

Swissquote's services for institutional and individual customers have greatly improved as a result of its new membership.

Swissquote, the Swiss leader in online banking, joins the OpenWealth Association in April 2022 and becomes an active member.

OpenWealth unites financial institutions, WealthTechs, and other service providers while also defining an open API standard for the wealth management industry.

The coordinated cooperation with common interfaces based on the Open Banking concept makes the Swiss financial hub an even better place for new ideas.

It's in line with Swissquote's goal of growing its business by introducing new API management use cases for its customers, which is why they joined the group.

Jan De Schepper, Chief Sales and Marketing Officer at Swissquote, said, “We are extremely delighted to be the newest member of the OpenWealth community to further enhance our API management for our customers in the best possible manner.”

As members of the numerous working groups, we can help define the future of an international API standard for the wealth management sector, alongside seven other Swiss banks and many foreign partners.

By joining, Swissquote greatly expands its API offering in the areas of order placement, custody services, and customer management.

Clients will be notified of the updated availability at the appropriate time.

Swissquote is the market leader in Swiss internet banking.

On its cutting-edge platforms, over three million financial goods can be exchanged.

Swissquote's primary competences include worldwide stock market trading, cryptocurrency trading and custody, Forex trading, and the RoboAdvisor system.

Swissquote also has a presence in the payment card, mortgage, and leasing industries.

Swissquote has approximately 55 billion Swiss francs in assets for over 480,000 individual and institutional customers as of the end of December 2021.

Swissquote has offices in Zurich, Luxembourg, London, Dubai, Hong Kong, Singapore, and Malta, in addition to the company headquarters in Gland, Switzerland.

Swissquote has banking licenses in both Switzerland (FINMA) and Luxembourg (CSSF).

Its parent business, Swissquote Group Holding Ltd., is traded on the SIX Swiss Exchange (symbol: SQN).

Swissquote Group and PostFinance both share 50% of the fintech app Yuh AG.