Singular Bank: a 360° view of client portfolios with Wealthreader

About this video

A keynote given at MIND, Madrid Investor Networking Day, under the title “The Singular Bank case: from data to client, a new standard in transfers and financial visualisation”. David, founder of Wealthreader, introduces the platform: an API that connects to banks and standardises their data, so that an account, a portfolio or an ISIN code always arrives in the same shape. He also goes through the usual use cases: a global view of wealth for the adviser, corporate treasury, credit scoring and client onboarding.

Rubén Andrés, Managing Director of Technology and Operations at Singular Bank, then presents “Beyond Singular Bank”, a project developed together with Wealthreader. With a demo of the portal he shows how the banker, together with the client, connects other institutions, chooses which products to aggregate and immediately sees the investments the client holds outside the bank: ISIN codes, units, price, weight in the portfolio, return and transactions. Balances can be exported to Excel and refreshed with one click during the 90 days that follow the client's authorisation.

The impact the bank describes: gathering the data goes from three to five days down to ten seconds, transcription errors disappear because the information comes from the source, and the banker has the consolidated view without asking for documents again before each meeting. It is relevant for private banks, asset managers and financial advisers who need to see their clients' complete wealth.

The keynote was given in Spanish; this version is dubbed into English.