Data Aggregation Made Easy as Innovest Inks Deal With Open Finance

By CIOReview | Wednesday, November 11, 2015
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NEW YORK, NY- Innovest, a provider of financial technology solutions announced its partnership with Open Finance. Innovest’s intends to leverage Open Finance’s expertise in the field of financial services to aggregate data and to simplify communications with multitude of external institutions for its client using the same data consolidation techniques across multiple systems, formats and technologies.

Open Finance will provide complete transparency, reporting and analytic tools required by Innovest’s clients to service their clients. The services are made easily accessible to all their clients across several financial sectors. Also, Innovest’s clients can provide consolidated reporting representing assets held both in house and elsewhere.

Some promising features include ensuring Innovest’s clients to improve end-client reporting and enable re-allocation of important resources. This would also feature increased reliability and reducing operational tasks. Open Finance also provide Innovest’s clients with a reliable aggregator to deliver accurate, secure and very dependable service, the need for which is often underestimated.  

“We are delighted to join forces with Open Finance to expand our offering for wealth management professionals. Our clients will be able to improve data integrity by eliminating manual input and fully automating the processes,” said Greg McCloskey, Innovest’s Senior Vice President of Corporate Development.