Fintech Canopy has raised US$3 million from several Hong Kong and Singapore-based family offices to support its newly opened US office, expanding its HNWI data services from Asia to North America. “We currently have a team of 66 in Asia and plan to build a team of 15 to 20 in the US market within 1½ years,” Tanmai Sharma, founder […]

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 How can private banks harness data to empower client relationships and reinvent service models? Canopy founder and CEO Tanmai Sharma — named Asian Private Banker‘s Tech Changemaker of the Year for 2020 — discusses the power of data in wealth management.

The post APB Thought Leaders: Empowering the digital era of wealth management through the power of data – Canopy appeared first on Asian Private Banker.

Nippon Wealth has selected Singapore fintech Canopy to provide account aggregation and analytics services to its RMs and “enhance client relations”, Asian Private Banker can reveal. The wealth manager, which currently holds a restricted banking licence in Hong Kong, is looking to leverage Canopy’s analytics to launch MIKI on 2 December, a new service that will allow clients to visualise […]

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Canopy has signed on Corecam Family Office — the fourth independent asset manager (IAM) to which the fintech provides account aggregation and analytics services, Asian Private Banker can reveal. Corecam will fully integrate Canopy’s solution in 4Q19, from which time its portfolio and relationship managers will gain insight into clients’ assets — both bankable and non-bankable — across various geographies and asset […]

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Canopy has announced its partnership with Hong Kong-based Raffles Family Office as the fintech firm expands its client base to include multi-family offices, which are seeking solutions “just as sophisticated” as those used by their private banking counterparts, according to Canopy’s COO. In the second of quarter of 2019, Raffles Family Office will have access to Canopy’s account aggregation and […]

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Account aggregation platform Canopy will launch proofs of concept with two additional private banks this week, indicating an increase in demand for account aggregation services in the region, Canopy’s CEO and founder, Tanmai Sharma, told Asian Private Banker. Due to confidentiality concerns, Canopy can only reveal that its two newest clients are a “global international private bank” and a “specialised Swiss private […]

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Account aggregation platform Canopy has announced its plans to expand to Zurich in an effort to “lock down” market opportunities in Europe, CEO and founder Tanmai Sharma told Asian Private Banker. Interestingly, the move was prompted by Canopy’s ability to handle a format that competitors, according to Sharma, cannot: the PDF. “Even after five years, Canopy seems to be the only […]

The post Canopy expands to Switzerland under “monopolistic” situation appeared first on Asian Private Banker.

Credit Suisse said on Tuesday “the core of the strategic intent” behind its partnership with Canopy and its decision to add Canopy’s account aggregation tool to its digital platform in Hong Kong was to “problem-solve something critical” — specifically, the “high demand” from Credit Suisse’s client base for a consolidated view of portfolios and positions across institutions. But take a closer […]

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Credit Suisse has gone live with its Canopy-powered automated account aggregation solution in Hong Kong, after launching the service in Singapore last year. The rollout marks the latest enhancement to Credit Suisse’s digital private banking service in Hong Kong. It is also an audacious — if predictable — move by a major player that anticipates a power shift towards multi-banked […]

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Credit Suisse has taken just over a 10% stake in Singapore-based fintech firm, Canopy, Asian Private Banker can reveal. The firm has also raised US$3.4 million from investors including Credit Suisse and Lionrock Capital, according to a statement seen by Asian Private Banker. “With the Credit Suisse partnership gaining momentum, and other institutional clients also looking to utilize Canopy — […]

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