New Wealth, a Singaporean B2B wealthtech company, announced that it has tied up with Switzerland’s regtech firm Apiax to embed actionable compliance knowledge into its software to ensure relationship managers are compliant at all times.
This collaboration will help banks and wealth managers gain significant operational efficiencies, starting with cross-border marketing and distribution of investment funds.
To meet the comprehensive needs of relationship managers in private banking and their high-net-worth clients, New Wealth will now integrate with Apiax’s API to provide cross-border compliance checks in real-time.
Apiax and New Wealth added that this partnership will also allow for future deploys of joint use cases and further expand the productivity gains for Asian private banks.
Yvonne Ngai, APAC Business Lead, Apiax said,
“We are pleased to embed actionable compliance answers into New Wealth’s digital wealth solution to make it smoother for banks in Asia to serve their clients globally in a compliant way.“
Loïc Pitrou, Co-founder and CEO of New Wealth said,
“Relationship managers can truly tailor the screening of investment products to the context of each client and interaction.
Timely compliance checks and guidance from the tool save time for front liners and bring both clarity and transparency to the end customer.”
