Omni-channel banking provider Backbase and data aggregation company eWise have joined forces this week. The two veteran fintechs have formed a partnership that will offer Backbase bank clients access to eWise’s account aggregation technology via the Backbase Open Banking Marketplace.
Backbase’s Open Banking Marketplace, which launched in 2015, now hosts 53 fintech APIs which offer banks access to a range of services. The Backbase Open Banking Marketplace also helps banks ready themselves for EU PSD2 regulatory requirements.
Today’s launch of eWise’s Aegis in Backbase’s Marketplace gives end users a full picture of their financial well-being. The platform allows users to aggregate, manage, and share their financial account information from multiple banks and financial institutions. At FinovateAsia 2016, eWise showcased the Aegis API along with TrackWealth, the company’s personal digital wealth management tool for Singaporean investors.
In the press release, eWise CEO David Hamilton said, “Through integrating the eWise Aegis platform into the Open Banking Marketplace, we can further help financial institutions to transition to PSD2 and Open Banking and manage multiple financial data channels: Direct & In-Direct channels. The eWise Aegis platform offers a global approach to easily connect all of the users’ accounts.”
Founded in 2003, Backbase helps banks create a seamless customer experience for their end users. At FinovateEurope earlier this year, the company won Best of Show for demonstrating how its platform creates a personalized customer journey with a simplified interaction. Headquartered in Amsterdam, Backbase also has offices in Atlanta, London, and Singapore. Jouk Pleiter is CEO and cofounder.
eWise will be presenting at FinDEVr London next month as a part of London Tech Week. We interviewed the company’s CTO, Allan See, as a part of our FinDEVr Feature series. eWise has raised more than $26 million since it was founded in 2000. The company holds offices in Switzerland, the Philippines, the U.K., Australia, the U.S. and Singapore. Interested in seeing how eWise works from a developer’s point-of-view? Check out FinDEVr London and register today.