SEI and Quovo enter into partnership for data platform
SEI today announced a strategic partnership with Quovo, a provider of account aggregation and data analytics for finance.
Through this relationship SEI, a global provider of investment processing and management, will implement data-aggregation applications that will provide real-time account information for financial intermediaries and end-investors.
“Quovo is a well-respected provider of account aggregation in the financial services industry, and their way of thinking aligns with ours – empowering firms through technology,” said Ryan Hicke, Chief Information Officer at SEI. “The wealth management industry is rapidly evolving, and the continuous development and enhancement of technology are catalysts for that change. APIs are one component of SEI’s enterprise strategy to harness next-generation technologies and identify opportunities for alignment with the product initiatives that benefit our clients, workforce, and business.”
SEI will research opportunities with use cases to implement Quovo’s account aggregation technology, which is built on a data platform with an API-driven architecture. Through its industry-leading APIs and modular applications, Quovo enables financial services firms to personalize their services and better engage with clients.
“We look forward to supporting SEI in their efforts to further streamline their clients’ wealth management experience,” said Lowell Putnam, co-founder and CEO of Quovo. “By connecting to consumer financial accounts through Quovo, SEI will be able to deliver a more insightful and personalized digital experience that caters to the increasingly demanding expectations of current and prospective clients.”
“A firm can no longer focus solely on investments; it’s about the bigger picture of clients’ financial success,” said Russ Kliman, Head of Strategic Programs at SEI. “Quovo’s technology will help us provide a comprehensive, up-to-date view of financial accounts from a single platform, enabling clients to more efficiently and effectively manage their wealth.”