Credit Suisse acquires stake in Singapore wealth aggregation startup Canopy

Credit Suisse has acquired a ten percent stake in Singaporean digital wealth aggregation platform Canopy.

  3 Be the first to comment

Credit Suisse acquires stake in Singapore wealth aggregation startup Canopy

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The Swiss bank participated in a $3.4 million funding round in the firm following a pilot trial earlier this year which saw the startup's data feed embedded in Credit Suisse's digital private banking platform.

Canopy allows clients to aggregate bankable and non-bankable assets across different geographies and asset classes and provides daily valuation updates to ensure that the portfolio and respective analytics remain up to date.

Canopy says it will use the funding to expand into new markets, including Hong Kong and Zurich.

Credit Suisse set up its first Innovation Hub in Singapore in 2014, where a development team alongside several technology companies worked together to develop the initial prototype of the bank's global digital private banking suite that was first launched in Singapore in March 2015.

Sponsored [New Impact Study] Bank Legacy Transformation is Not a New Challenge: Exploring the Solutions

Comments: (0)

[New Report] UK Open Banking API Performance 2023-2024Finextra Promoted[New Report] UK Open Banking API Performance 2023-2024