We’re introducing Investment Data Access, a new product to enhance net worth consolidation and streamline investment transfer initiation. As always, we’re all about the win-win perspective; banks and other financial institutions get the insights they need, while the consumer gets the advice they deserve. Investment Data Access helps banks, brokers, wealth managers, and neobrokers acquire more customers with investment account access allowing insights into the consumers’ financial health.
Insurely’s Investment Data Access, powered by open finance, unlocks a myriad of use cases and solutions such as net worth consolidation and investment transfer initiation. Both of which are becoming increasingly crucial as modern consumers' seek products of better value to help achieve current and future financial goals. The world of investing is changing drastically; consumers’ are more educated and are seeking ways to improve their financial health by optimizing their portfolios, diversifying and balancing their investments and increasing their growth. Investment accounts such as ISK are an important component contributing to a consumers' financial health.
Insurely's Investment Data Access enables consumers to link their investment accounts in order to simplify net worth consolidation and investment transfer initiation. By providing accurate, secure and real-time access to investment data, Investment Data Access decreases the normally high drop-off rates, eliminating the need for manual data collection, reducing the risk of incorrect or missing data and leading to a more streamlined investment transfer process. This reduction in drop-off rates, in turn, minimizes the chance of delays due to incorrect or missing data, ultimately ensuring a smoother and more efficient investment transfer process.
Investment data access also enables consumers to gain a holistic net worth view for net worth consolidation. With this data, financial and wealth advisors can better understand their risk palette and investing preferences in order to provide personalized advice on the investment strategy, resulting in reduced investment biases, more diversified investments and balanced portfolios.
Insurely's Investment Data Access offers access to investment account data via a single API. The data can be accessed and used through Pre-Built User Interfaces or API, or the data can be accessed using the Advisory Tool.
Investment Data Access is able to pull ISK, KF, and Custodial accounts with funds, stocks, and bonds. Key details accessed are: account data, account holder information, monthly savings, interest rate, fees per fund, other holding data, and financial instrument data. Users securely authenticate with their provider, allowing Insurely to fetch and return cleaned and standardized investment data ready for use. By providing fast, accurate, and secure access to standardized investment data, Insurely's Investment Data Access enables banks, brokers, wealth managers, and neobrokers to offer better, more informed services to their customers whilst empowering customers to transfer more efficiently.
Through the power of open finance, investment transfers can now be streamlined, providing significant benefits for both customers and financial institutions. Contact us today to discover how Insurely's Investment Data Access can help you improve your customers’ experience and build use cases that really add to your bottom line.