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Strategic Partnership Between True Wealth and Contovista for Digital Asset Management

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Contovista, the swiss leader in data-driven banking and True Wealth, a pioneer in digital wealth management, see great potential in the combination of Robo Advisors and Machine Learning and therefore conclude a strategic partnership.

The combined use of the two fintech banking products aims to sharpen bank clients’ understanding of their own finances and raise their awareness of individual investment opportunities. To this end, Contovista uses machine learning technology to determine the investment affinity of bank customers and delivers personalized recommendations directly in e-banking or customer portal. On the basis of individual risk-return preferences, investors are then proposed a portfolio including a projected return, for which True Wealth can then open a securities account in a fully automated manner.

True Wealth & Contovista

Thanks to this solution, bank customers receive an intuitive and functionally attractive investment experience directly in the online banking environment. Daily reporting and the possibility of making deposits and withdrawals at the touch of a button offer users full control and transparency at all times. In the future, banks will be able to identify potential investors more easily and address them more targeted and personalised on all channels in order to show them the potential of investment opportunities.

First integrations already show the great potential of machine learning-supported sales models. In the course of a private credit campaign, Contovista was able to increase the closing rate by 68% compared to conventional sales methods of its bank partner.

Silvio Böhler, Head of Technology at True Wealth explains: “With Contovista, bank customers with investment potential can be identified in a more targeted approach, and then receive a simple and effective investment strategy from us, in a fully automated manner. Especially in view of challenges the industry is facing as a result of digitalisation, efficiency is a key factor in future market cultivation.”

Gian Reto á Porta, CEO and co-founder of Contovista, adds: “True Wealth’s many years of industry, process and integration expertise in digital asset management and our analytics solutions complement each other perfectly. Together, we want to support banks in their efforts to be more successful in serving their customers, reducing business risks and maximising revenues. In short: increase competitiveness and smoothly manage digital transformation in the investment sector as well.”

About Contovista — Delightful Banking
Contovista enables data-driven banking. Our white-label software and data analytics services allow financial institutions to optimize their digital banking experience and gain actionable customer insights. We help to understand, engage and serve customers better based on the enrichment of financial data and machine learning. This empowers organizations to increase customer retention and share of wallet. Contovista is headquarted in Zurich, Switzerland.

About True Wealth — Assured Independence. Swiss Perfection.
The Swiss Fintech company True Wealth was founded in 2013 by physicist and portfolio manager Felix Niederer and e-commerce entrepreneur Oliver Herren with the aim of offering a user-friendly and transparent asset management service on the Internet. True Wealth also offers this service to B2B partners as “Software as a Service” and serves end customers directly on True Wealth has been managing more than CHF 100 million for its clients on its own platform since December 2017.

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