The API 
Standard and Community for the Wealth Management Industry

Discover OpenWealth

Openwealth Association

Vision

The OpenWealth Association’s vision is to define, maintain and operationalize the Open API standard for a global wealth management community.

Mission

The OpenWealth Association’s mission is to connect financial institutions, WealthTechs and other service providers to develop, maintain and distribute the Open API standard for a global wealth management community. Furthermore, the association aims to foster the exchange of expertise among its members and with third parties, as well as to cooperate with organizations of a similar nature.

OpenWealth Explained

OpenWealth defines, maintains, and operationalizes the global API standard to establish efficient connectivity between Banks and WealthTechs and enable Open Finance use cases. OpenWealth APIs are platform agnostic.
APIs

Openwealth APIs

Custody Service Icon
Customer Management Icon
Order Placement Icon

Custody Service

Customer Management

Order Placement

Data

    • Positions of any kind (security, cash, loans, etc.)
    • All transactions affecting position bookkeeping
    • Customer master data
    • KYC
    • Documents
    • Stock exchange & OTC bulk and single orders
    • Order status and executions
    • Billing details with all costs

Use Cases

    • Get position and transaction data including valuations for reconciliation purposes (end-of-day) or near real-time basis
    • Connect your CRM with custody banks using OpenWealth API to automate customer onboarding and lifecycle management.
    • Place orders for listed instruments, OTC and treasury transactions and receive their status in near real-time in your Portfolio Management System.
Custody Service Icon

Custody Service

Data

    • Positions of any kind (security, cash, loans, etc.)
    • All transactions affecting position bookkeeping

Use Cases

    • Get position and transaction data including valuations for reconciliation purposes (end-of-day) or near real-time basis
Customer Management Icon

Customer Management

Data

    • Customer master data
    • KYC
    • Documents

Use Cases

    • Connect your CRM with custody banks using OpenWealth API to automate customer onboarding and lifecycle management.
Order Placement Icon

Order Placement

Data

    • Stock exchange & OTC bulk and single orders
    • Order status and executions
    • Billing details with all costs

Use Cases

    • Place orders for listed instruments, OTC and treasury transactions and receive their status in near real-time in your Portfolio Management System.

Sandbox

Dive into the OpenWealth Sandbox and learn more about the API.
Community

Benefits

OpenWealth Services

Member

Public

Full association membership with seat in the general assembly of the association.
Access and active contribution to Expert Circles (influence API scope, knowhow exchange, networking, etc.).
Active Members have priority access to all API versions (patches, minor and major versions in development).
Access to all API specifications and documents produced in the OpenWealth Expert Circles (documentation, etc.).
Access to OpenWealth sandbox with developer portal and WealthTech test client for development and certification.
Use of the OpenWealth brand for marketing and communication & inclusion in OpenWealths marketing activities.
OpenWealth events (networking, know-how exchange, etc.) and access to the Business Circle.
Access to API major version specification (OpenAPI YAML file only) and permission for productive use of the API.

Benefits

Access to API major version specification (OpenAPI YAML file only) and permission for productive use of the API.

Members

Financial Institutions

WealthTechs

Service Providers

Partner Associations & Orchestrator

OpenWealth in the media

MoneyToday

Finews Schweiz

About us
Today‘s connectivity between custody banks and portfolio management systems (PMS) resp. external asset managers (EAM) is mostly proprietary, with a single data exchange per day (end-of-day) and includes manual steps in the process. This results in an increased error rate as well as additional costs to maintain the different interfaces. Standardized interfaces in wealth management are therefore desirable and lead to advantages for all involved parties. It is such REST-APIs (Application Programming Interfaces) in wealth management that the OpenWealth Association is developing to create a standard which is business-oriented, broadly accepted and based on known industrial norms.

Contact

Raphael Bianchi
President and Board Member
Contact
Simon Alioth
Vice President and Board Member
Contact
Thomas Lusti
Lead Community & Operations
Contact