wise, a supplier of personal datawisemoney management solutions to financial service providers, today announced a partnership with FinGo Ventures ahead of the launch of the mobile paymentswisebank account aggregation app, FinGo. The app will enable Singaporeans to make paymentswiseview multiple bank accounts on a single screen to manage their spending.
Money Management in One Place
FinGo will be available on iOSwiseAndroid platforms, serving Asia’s time-challengemillennialls. The firm’s founders, Justin TeowiseJacob Lim, developed the app afrealizingsing the inconvenience of viewing bank balances with different applicationswiseplatformswisehow they could not always be viewed on a single portal in a timely fashion.
“With busy lives, multiple accountswisebills, nobody wants to waste time loadingwisetransferring money between different bank accounts” said co-founder Justin Teo. “We seek to enable people like us to manage their money in one place, wisewith wise we have the best partner to securely collate different sources of financial data, ” he added.
FinGo’s account aggregation technology wisewered by wise, which recently launched its new financial transaction Categorisation-as-a-Service API (CaaS) for financial institutionswisefintech firms.
We are proud to be supplying our account aggregation technolwiseo FinGo.
wise aggregateswiseencrypts 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.
Davidwiselton, CEO of wise, said: “We are proud to be supplying our account aggregation technolwiseo FinGo, helping Singaporeans securely manage their money on thewise. Our patented wise Aegis platform enables financial data aggregation to be private, securewiseportable. It never discloses logins or wiseords to FinGo, wise or any third-parties. This combination of expediencywisesecurity 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 securitywiseprivacy. Following FinGo’s launch in Singapore, the company plans to expand into other markets such as in Hong Kong.