Hong Kong-based wealth management platform Privé Technologies has adopted the OpenWealth standards for custody and trading.

The OpenWealth Association is an industry initiative initiated and co-founded by Zurich-based management consultancy Synpulse to standardize the exchange of portfolio, trading and client lifecycle management data. It aims to enhance data efficiency and availability across the wealth management ecosystem.

Privé Technologies becomes among the first wealth management providers in Asia to support the OpenWealth standard.

OpenWealth represents a broader industry push towards the standardization of data, addressing long-standing challenges around fragmented formats, inconsistent data structures, and complex integrations.

Enabling standardized data feeds between financial institutions is expected to reduce manual effort and improve transparency of portfolios across multiple custodians, while lowering the effort required for institutions to connect and exchange information.           

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. 

Privé Technologies ​provides front-office solutions, leveraging AI and ​API-first ​infrastructur​e to ​enhance the advisory experience of wealth managers.