NayaOne adds Wealthica to tech marketplace

Canadian investment aggregation platform Wealthica has joined NayaOne’s ‘Tech Marketplace’, giving it access to an even greater number of Canadian financial institutions.

Wealthica is Canada’s largest wealth tracker, with $33 billion in aggregated assets and 50,000 users.

Through the NayaOne platform, Wealthica’s technology will be accessible to banks to help accelerate digital transformation projects, to run proof of concepts with, and to help scale.

Jeff Matte, managing director at Wealthica B2B Solutions, said that NayaOne had established a “strong reputation” as one of the “most trustworthy platforms” for banks to benefit from fintechs’ technology.

“The confidence shown by NayaOne to introduce Wealthica on their marketplace shows the potential of the Wealthica technology to streamline several areas of the financial journey, starting with the transfer process and a 360-degree view of held away assets,” he added.

Wealthica launched what it claimed is Canada’s “most comprehensive” financial API in January this year.

Institutions have to ask their users to log into their bank accounts and the Wealthica API will then retrieve all the key information, such as account numbers.

Among the Canadian financial institutions that the Wealthica API connects to are Wealthsimple, RBC, BMO, Desjardins, EQ Bank, Scotia, Tangerine, and TD Bank.

“We’re excited to see Wealthica as a part of NayaOne’s network of fintechs and financial institutions,” said Oli Platt, product and marketplace manager at NayaOne.

“With this addition, the financial and fintech sectors will be able to enjoy improved information transfer, resulting in greater quality services and improved user satisfaction.”