The latest technology news in the wealth management sector from around the world.

SEI
SEI, a US-based investment and technology business, has launched a data cloud platform for financial sector clients. The plaform is being offered in partnership with Snowflake, a data cloud business.

The platform can be accessed through the SEI Wealth Platform^SM or as a standalone service, SEI said in a statement yesterday. 

The offering is designed to meet industry demand for more advanced data integration.

SEI said it already has two “early adopters” of SEI Data Cloud and is engaging with other clients to roll out the solution.

Ultimately, the company intends to offer enterprise information delivery, reporting, and analytics capabilities to all clients across the financial services spectrum. 

PassFort, OneBanx
PassFort, a firm providing software-as-a-service regulatory technology platform, has won a contract from Scottish digital banking house OneBanx to use PassFort’s know-your-business (KYB) workflow solution. 

OneBanx (which used to be called One Banks) is trying to tackle problems caused when traditional banks close branches. It offers shared banking infrastructure in the form of kiosks and smart ATMs so that customers can withdraw and deposit cash and undertake other basic transactions. The firm is deploying pop-up kiosks in shopping centres, railway stationis, supermarkets and other locations.

PassFort, which was founded in 2015 by Donald Gillies and Henry Irish, has commented on this news service about stories such as this Credit Suisse one. It is a Moody’s Analytics Company.