SINGAPORE, June 11, 2026 /PRNewswire/ -- Leading wealth management technology firm Privé Technologies has adopted the OpenWealth standards for custody and trading. The OpenWealth Association is an industry initiative initiated & co-founded by Synpulse to standardise the exchange of portfolio, trading and client lifecycle management data, improving data efficiency and availability across the wealth management ecosystem.
This marks an important step in the continuing momentum of the OpenWealth standard, with Privé Technologies among the first providers in Asia to support the standard. The OpenWealth association represents a broader industry push towards standardisation of data, addressing long-standing challenges around fragmented formats, inconsistent data structures, and complex integrations. Enabling standardised data feeds between financial institutions is expected to reduce manual effort and improve transparency of portfolios across multiple custodians, whilst lowering the effort required for institutions to connect and exchange information.
Standardised and high-quality data is a critical prerequisite for the effective use of AI in wealth management. As financial institutions increasingly adopt AI-driven solutions for portfolio analysis, client insights, and automation, fragmented and inconsistent data remains a key constraint. Initiatives such as OpenWealth address this by creating a more reliable and consistent data foundation across the ecosystem.
