OpenWealth Association
OpenWealth Association is a Swiss non-profit that defines and governs an open REST API standard for connecting wealth management banks and WealthTechs, with three APIs covering custody, customer management, and order placement.
- Company typePrivate
- Founded2022
- HeadquartersZürich, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What OpenWealth Association does
OpenWealth Association is a Swiss non-profit industry association (founded 2022, headquartered in Zürich) that defines, maintains, and operationalizes an open REST API standard for connecting financial institutions with WealthTechs in the wealth management ecosystem. Its core product is the OpenWealth API Standard, comprising three production APIs: Custody Service (positions, transactions, valuations, customer master data, KYC, documents), Customer Management (CRM integration and customer lifecycle automation), and Order Placement (stock exchange and OTC single/bulk orders with near real-time status, executions, and billing details). The standard is platform-agnostic and is complemented by the OpenWealth Sandbox, which provides a developer portal and WealthTech test client for implementation and certification.
The association is governed by a board that includes representatives from major Swiss financial institutions (UBS, Julius Bär, Pictet, Lombard Odier, LGT, Zürcher Kantonalbank, St.Galler Kantonalbank, SIX) and WealthTechs (Alphasys, Altoo, Expersoft, Etops), and is orchestrated operationally by Synpulse and Synpulse8, which also host the sandbox environment. Membership-based GTM is the only revenue stream, with full members receiving a seat in the general assembly, access to Expert Circles that influence API scope, priority access to API versions, sandbox access, and OpenWealth branding rights for marketing; pricing is not publicly disclosed. The association has 50+ member organizations, with St.Galler Kantonalbank becoming the first bank to go live with the Order Placement API in April 2023.
OpenWealth Association firmographics
Firmographics- Name
- OpenWealth Association
- Legal name
- OpenWealth Association
- Website
- https://openwealth.ch
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- OpenWealth Association is a Swiss non-profit that defines and governs an open REST API standard for connecting wealth management banks and WealthTechs, with three APIs covering custody, customer management, and order placement.
- Ownership category
- akta.pro rank
OpenWealth Association industry classification
Industry- Product category
- Wealth Management API Standards
- NAICS
- Business Associations (813910)
- SIC
- Services-Membership Organizations (8600), Finance Services (6199)
- akta.pro primary industry
- Account Aggregation & Connectivity (Multi-bank linking) (FSAGACAA)
- akta.pro secondary industries
- Open Banking APIs & Connectivity (FSAMAFAA), Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ), Customer Permissioning & Consent Management (OAuth, scopes, revocation) (FSAGACAC)
Keywords
Where OpenWealth Association is headquartered
LocationHeadquarters
- HQ city
- Zürich
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
OpenWealth Association business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Association Membership: Full association membership with seat in the general assembly. Members pay dues to access Expert Circles, API specifications, sandbox environments, and OpenWealth branding for marketing use.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
OpenWealth Association product offering
Product offeringCore offering
OpenWealth Association defines, maintains, and operationalizes an open, platform-agnostic API standard that establishes efficient connectivity between banks and WealthTechs to enable Open Finance use cases in wealth management. The association distributes three REST-based APIs — Custody Service, Customer Management, and Order Placement — supported by an OpenWealth Sandbox developer environment, all delivered to financial institutions and WealthTechs via an association membership model.
Product overview
OpenWealth Association defines, maintains, and operationalizes an open API standard for the global wealth management community. The core offering is the OpenWealth API Standard, which consists of three main API products: Custody Service API (for positions, transactions, customer master data, KYC, and documents), Customer Management API (for CRM integration and customer lifecycle management), and Order Placement API (for stock exchange and OTC orders with real-time status updates). The association also provides an OpenWealth Sandbox for development and certification. These APIs are platform agnostic and designed to establish efficient connectivity between Banks and WealthTechs to enable Open Finance use cases.
Differentiator
Problem solved
Functional benefit
Products and services
- OpenWealth API Standard An open, platform-agnostic API standard that establishes efficient connectivity between banks and WealthTechs and enables Open Finance use cases across the wealth management industry. Distributed via OpenAPI YAML specification files to association members.
- Custody Service API REST API exposing custody positions of any kind (security, cash, loans), all transactions affecting position bookkeeping, customer master data, KYC, and documents. Supports end-of-day reconciliation and near real-time data retrieval.
- Customer Management API REST API for CRM integration with custody banks, enabling automation of customer onboarding and ongoing customer lifecycle management, including KYC and document exchange.
- Order Placement API REST API for placing stock exchange and OTC bulk and single orders, treasury transactions, receiving order status and executions, and billing details with all costs in near real-time within portfolio management systems.
- OpenWealth Sandbox Sandbox environment with developer portal and WealthTech test client hosted by Synpulse8, used by members to develop, test, and certify OpenWealth API implementations before productive deployment.
Quantifiable outcome
- First bank live with Order Placement API
- +1 more outcomes
Companies that use OpenWealth Association
Customer profileNamed customers18 records
Segments4 records
Ideal customer profiles3 records
OpenWealth Association technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
OpenWealth Association partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- Swiss Fintech InnovationscorePartner Association working on Swiss fintech ecosystem coordination. Swiss Fintech Innovations collaborates with OpenWealth on industry initiatives and standard adoption across the Swiss financial ecosystem.
- SynpulseflagshipOne of two orchestration partners (alongside Synpulse8) managing OpenWealth Association operations. Synpulse provides leadership (President Raphael Bianchi, Vice President Simon Alioth) and operational support for the association.
- Synpulse8flagshipOne of two orchestration partners (alongside Synpulse) managing OpenWealth Association operations. Synpulse8 hosts the OpenWealth Sandbox platform at sandbox.openwealth.synpulse8.com.
- Singapore FinTech FestivalcoreOpenWealth is an official partner of the Singapore FinTech Festival, a global event for policy, finance, and technology communities. Partnership enables global visibility and networking for the OpenWealth ecosystem.
- Point Zero ForumcoreOpenWealth Association is a Community Partner at Point Zero Forum, with members receiving ticket rebates for participation.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
OpenWealth Association competitors and assessment
Company assessmentDirect peers
- Open Banking Limited (UK OBIE): UK Implementation Entity for open banking that governs the UK Open Banking API standards and operates the Open Banking Directory. Runs on a similar industry-funded, consortium-led model with bank and fintech participation.
- FDATA Global: Global industry association advocating for consumer and SMB access to financial data and supporting open finance frameworks. Comparable mission and member-driven governance model focused on advancing open finance adoption.
- BIAN (Banking Industry Architecture Network): Global standards body for banking architecture and API definitions, founded by leading banks and software vendors. Shares the same association-driven approach to defining and maintaining reusable API standards for the banking ecosystem.
- Financial Data Exchange (FDX): US-based non-profit standards body for financial data sharing (FDX API), founded by major US banks and fintechs. Directly comparable as a member-funded, API-standards-focused association targeting interoperability between financial institutions and data aggregators.
- Berlin Group: Pan-European standards body that defines and maintains NextGenPSD2 and other open banking API specifications. Operates as a multi-bank, multi-vendor consortium—the closest direct analog to OpenWealth's association-driven API standardization model in payments.
- Swiss Fintech Innovations: Swiss fintech industry association that coordinates ecosystem initiatives and represents members in regulatory dialogue. A direct peer and OpenWealth partner organization operating in an adjacent Swiss fintech-association role.
Regional players
- STET: French payment infrastructure operator owned by major French banks that developed and operates a common API standard for SEPA payments. Comparable association-driven API standardization approach, but focused on payments in France and parts of Europe.
- Open Banking Brasil: Brazilian open banking implementation structured as an industry-governed initiative with defined API standards. Comparable consortium-driven standards model but operating in a different geography with a payments-led mandate.
Broad incumbents
- Avaloq: Swiss-headquartered wealth management and core banking platform serving many of the same private banks that are OpenWealth members. Comparable as an incumbent platform in the same Swiss wealth ecosystem, but operates a proprietary solution rather than an open standard.
- InvestCloud: Global wealth management technology platform with APIs and digital solutions for private banks and asset managers. Overlaps with OpenWealth's wealth-tech member base and competes for the same API integration budget, though as a platform vendor rather than a standards body.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
OpenWealth Association social profiles
Digital presenceOpenWealth Association financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenWealth Association leadership team
Management profileNumber of profiles
Profiles13 records
OpenWealth Association funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OpenWealth Association M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OpenWealth Association
What does OpenWealth Association do?
OpenWealth Association defines, maintains, and operationalizes an open, platform-agnostic API standard that establishes efficient connectivity between banks and WealthTechs to enable Open Finance use cases in wealth management. The association distributes three REST-based APIs — Custody Service, Customer Management, and Order Placement — supported by an OpenWealth Sandbox developer environment, all delivered to financial institutions and WealthTechs via an association membership model.
Is OpenWealth Association a public or private company?
OpenWealth Association is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was OpenWealth Association founded?
OpenWealth Association was founded in 2022. It employs 11 to 50 people.
Where is OpenWealth Association based?
OpenWealth Association is headquartered in Zürich, Switzerland, in the Europe region.
How does OpenWealth Association make money?
One revenue line is on record: association Membership.
Who are OpenWealth Association's main competitors?
Direct peers on record are Open Banking Limited (UK OBIE), FDATA Global, BIAN (Banking Industry Architecture Network), Financial Data Exchange (FDX), Berlin Group and Swiss Fintech Innovations. Regional players are STET and Open Banking Brasil. Broad incumbents are Avaloq and InvestCloud.
Does OpenWealth Association have an API?
Yes. OpenWealth defines, maintains, and operationalizes the global API standard to establish efficient connectivity between Banks and WealthTechs and enable Open Finance use cases. The OpenWealth APIs are platform agnostic and cover: Custody Service (positions of any kind including security, cash, loans; all transactions affecting position bookkeeping; customer master data; KYC; documents), Customer Management, and Order Placement (stock exchange & OTC bulk and single orders; order status and executions; billing details with all costs). Developer documentation is at sandbox.openwealth.synpulse8.com/about.
What industry is OpenWealth Association in?
OpenWealth Association's product category is Wealth Management API Standards. Its primary akta.pro industry code is FSAGACAA, Account Aggregation & Connectivity (Multi-bank linking), with a secondary code of FSAMAFAA, Open Banking APIs & Connectivity. Its NAICS code is 813910 and its SIC code is 8600.