/wealth management

News and resources on wealth, investment management, robo and advisor markets worldwide.
Nomura rolls out account aggregation asset management app

Nomura rolls out account aggregation asset management app

Nomura is rolling out a new account aggregation app for consumers to track their assets at different financial institutions and build a smarter investment portfolio.

Developed in collaboration with software company Money Forward, the OneStock app is intended to help consumers get a better grasp of their finances by monitoring their income and expenses and providing an overview of their current assets.

Available to both current customers and non-clients, the app enable users to see the assets they have at multiple financial institutions such as banks and securities companies, and manage them together.

Says Nomura: "By understanding what assets they have, clients will be better able to consider strategies to extend the life of their assets."

In addition, the app will offer services such as monthly and yearly asset reports regarding overall assets and individual stock performance.

In the future, Nomura plans to introduce other functions and features that allow clients to get a wider view of other financial assets such as health insurance and real estate.

Comments: (2)

David Gyori
David Gyori - BANKING REPORTS, LONDON - London 02 July, 2020, 13:02Be the first to give this comment the thumbs up 0 likes

This is very good, very cool. Well done Nomura! Who is running this project within Nomura? 

Edward Matheson
Edward Matheson - Deloitte - London 03 July, 2020, 09:54Be the first to give this comment the thumbs up 0 likes

Please elaborate on the definition of 'investment assets.' I explored the same use case using Emma to link both bank accounts and investments. Obviously, Open Banking supports bank account aggregation, but without an equivalent set of standards and APIs, aggregating your investment assets will continue to be a manual and infrequent process for some time. While I think it is better than a spreadsheet without automagical updates, fear this proposition will struggle to fulfil its ambition.

Bring on the next wave of innovation in Open Wealth!

Trending