Financial API platform Salt Edge has been chosen by Israel-based fintech startup Vyzer to enable high-net-worth investors to instantly connect and sync their European bank accounts, and better analyse the performance of their investments.
Vyzer, which is an investment platform, gives investors the ability to manage, plan and control their entire wealth portfolio digitally from a single dashboard.
Using Salt Edge’s account information API, Vyzer’s customers in Israel and Switzerland will be able to connect their bank accounts and perform automated portfolio performance tracking.
In addition, Salt Edge’s ‘data enrichment’ solutions will mean that Vyzer’s existing financial planning tools can offer more insight and personalisation.
Erica Virlan, VP at Salt Edge, said: “Kitted with data-driven Open Banking solutions, Vyzer will now provide all the needed tools to offer everyone access to a diversified portfolio that is suitable to an individual’s risk appetite.
“Here at Salt Edge, we’re excited about this collaboration, stepping into the world where anyone can get easier access to investments with just a few taps on their phone.”
Litan Yahav, co-founder and CEO of Vyzer, said it had been seeking a stable and secure solution to offer its customers a more extensive selection of institutions to connect to and provide real-time value.
“By leveraging Salt Edge’s Open Banking-enabled solutions, our customers will connect their European accounts in any bank to get a high-quality service,” Yahav added.