Quovo and Onist form honest financial partnership
Collaborative financial management platform Onist is teaming with financial account analysis company Quovo. Onist will leverage Quovo’s data to provide a more reliable financial picture to its Canadian clients, making it the first company in Canada to use Quovo’s services, reports Julie Muhn at Finovate.
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The collaboration will allow Onist to pull in details from new Canadian accounts, credit unions, investment accounts, as well as common bank accounts, and credit cards.
The Onist platform will provide a single place where consumers and authorised third party professionals can get a comprehensive view of their net worth and cash flow. By aggregating this data and facilitating access, Onist and Quovo aim to help clients make better informed decisions.
Onist CEO Brad Kotansky says: “Onist is all about helping families and their advisors collaborate around household finances – and having access to your complete, reliable Canadian financial data is key to that.”
Headquartered in Canada, Onist was founded in 2015 and offers a virtual family office that facilitates collaboration among the family and their financial advisors, estate planners, tax professionals, insurance advisors, and accountants. Leveraging a second data aggregation partnership with Envestnet | Yodlee, the Onist platform enables users to aggregate all of their financial accounts and select the information they want to share with their planning professionals.
Earlier this spring, Quovo received an investment from Canadian VC firm Portag3 Ventures that intended to help it enter into the Canadian market.
