Credit Suisse has enhanced its digital private banking operations following a partnership with Singaporean FinTech firm Mesitis.

Credit Suisse, through its digital banking platform, will provide its clients with the ability to access ‘Canopy’, an automated account aggregation platform and reporting solution provided by Mesitis.

Canopy allows clients to aggregate bankable and non-bankable assets across different geographies and asset classes. It also provides analytics and insights, helping clients to better grow and manage their aggregated wealth.

In addition, Credit Suisse is also rolling out a fully front-to-back automated Digital Client onboarding application, which aims to enhance efficiency in the onboarding of new clients.

Francesco de Ferrari, head of private banking Asia-Pacific at Credit Suisse, said: “Credit Suisse is committed to being at the forefront of digitisation in the private banking sector. Over the past 24 months we have been constantly refining our digital offering through our Digital Private Banking client feedback programme.

“Many of our high-net-worth and ultra-high-net worth clients have indicated they would like to have a single portfolio view available in one place, and to be able to plan, analyse and track their wealth across multiple institutions and asset classes. Our collaboration with Mesitis is an important milestone whereby we aim to extend our existing digital private banking service offering through more comprehensive solutions and services for our clients.”

Tanmai Sharma, founder and chief executive officer of Mesitis, added: “At Mesitis, we have been big admirers of Credit Suisse's lead in the private wealth technology space and are overjoyed at having been selected as partners. We look forward to further and deeper cooperation in the future.”

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