Vyzer, an Israeli-based Fintech consumer-focused startup, joined forces with Salt Edge, a key player in offering open banking solutions, “to enable high net worth investors to instantly connect and sync their European bank accounts, offering a comprehensive analysis of investment performance and fully digital cashflow tracking in a single dashboard.”
Our present-day society is “at the core of a digital revolution that is being driven by the unprecedented expansion in, and dependence on, electronic data which is quickly turning into a vital commodity.”
The update further noted that technology is “transforming the way we live, work, learn, and save.” As noted in a blog post, investing “feels more accessible than it’s ever been, and modern investment platforms like Vyzer help to reach any individual financial goals in the simplest possible way.”
Vyzer enables investors “to manage, plan, and control their entire wealth portfolio fully digitally, offering AI-driven insights to maximize return.”
Leveraging Salt Edge’s Account Information API, Vyzer will “enable their customers from Israel and Switzerland to connect their bank accounts and perform automated portfolio performance tracking.”
Salt Edge Data Enrichment solutions will “sharpen Vyzer’s existing financial planning tools, making them even more insightful and personalized.”
Erica Virlan, VP at Salt Edge, said:
“Living in our modern society, it is crucial to offer easy-to-use and fully digital solutions for investors. Kitted with data-driven open banking solutions, Vyzer will now “provide all the needed tools to offer everyone access to a diversified portfolio that is suitable to an individual’s risk appetite. Here, at Salt Edge, we’re excited about this collaboration, “stepping into the world where anyone can get easier access to investments with just a few taps on their phone.”
Litan Yahav, Co-founder & CEO at Vyzer, remarked:
“We were looking for a stable and secure solution to offer our customers a more extensive selection of institutions to connect to and provide real-time value, and Salt Edge answered those requirements. By leveraging Salt Edge’s open banking-enabled solutions, our customers will connect their European accounts in any bank to get a high-quality service. Also, our plans of global expansion are in full sync with Salt Edge coverage of 5,000+ financial institutions in over 50 countries.”
As mentioned in the announcement, Vyzer is “an integrative platform that allows investors to manage complex portfolios with all asset classes through a single dashboard, by automatically monitoring investment performance, analyzing financial documents, tracking investment-cash transactions, and providing insights and recommendations based on crowd-sourced, AI-driven data.”
As noted in the update, Salt Edge is “a financial API platform with PSD2 and open banking solutions for every business.”
The company “has two main vectors of activity: enabling third parties to get access to bank channels via a unified gateway, and developing the technology necessary for banks to become compliant with the directive’s requirements.”
ISO 27001 certified and AISP licensed under PSD2, the company “employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers.” The company is “integrated with 5,000+ financial institutions in 50+ countries.”