eWise, a supplier of personal data and money management solutions to financial service providers, today announced a partnership with FinGo Ventures ahead of the launch of the mobile payments and bank account aggregation app, FinGo. The app will enable Singaporeans to make payments and view multiple bank accounts on a single screen to manage their spending.
Money Management in One Place
FinGo will be available on iOS and Android platforms, serving Asia’s time-challenged millennials. The firm’s founders, Justin Teo and Jacob Lim, developed the app after realising the inconvenience of viewing bank balances with different applications and platforms and how they could not always be viewed on a single portal in a timely fashion.
“With busy lives, multiple accounts and bills, nobody wants to waste time loading and transferring money between different bank accounts” said co-founder Justin Teo. “We seek to enable people like us to manage their money in one place, and with eWise we have the best partner to securely collate different sources of financial data,” he added.
ConsenSys Announces Ethereal Summit Tel AvivGo to article >>
FinGo’s account aggregation technology is powered by eWise, which recently launched its new financial transaction Categorisation-as-a-Service API (CaaS) for financial institutions and fintech firms.
We are proud to be supplying our account aggregation technology to FinGo.
eWise aggregates and encrypts an individual’s financial data using its patented Personal Data Vault which is stored on the user’s chosen device, for example a smartphone or desktop.
David Hamilton, CEO of eWise, said: “We are proud to be supplying our account aggregation technology to FinGo, helping Singaporeans securely manage their money on the move. Our patented eWise Aegis platform enables financial data aggregation to be private, secure and portable. It never discloses logins or passwords to FinGo, eWise or any third-parties. This combination of expediency and security is vital, particularly for Singapore’s upwardly mobile professional classes.”
FinGo Ventures benefits from the Monetary Authority of Singapore taking steps to enable fintech to flourish in the region. Steps include the regulatory sandbox proposed for financial technology, enabling more flexibility in their development while maintaining security and privacy. Following FinGo’s launch in Singapore, the company plans to expand into other markets such as in Hong Kong.