Evolution of ByAllAccounts Data Aggregation
ByAllAccounts, originally established as a financial data and account aggregator for wealth management, has adapted to market demands to become a crucial data intermediary in the industry. The ByAllAccounts Data Network facilitates the seamless transmission of financial account data throughout the wealth ecosystem, connecting financial data providers, custodians, wealthtech platforms, and reporting platforms. This network eliminates the necessity for multiple data integrations, providing a unified, secure gateway to financial data. By simplifying data exchange, accelerating time-to-market, and reducing costs, ByAllAccounts enables users to focus on innovation and core business activities.
Supporting the Wealth Ecosystem
Exceptional data quality plays a vital role in ensuring superior financial outcomes. ByAllAccounts plays a pivotal role in supporting the wealth-management data ecosystem by offering tailored solutions for various industry participants. Wealth-management firms can effectively manage data silos and complexity through convenient account aggregation, thereby enhancing data distribution and attracting advisors and clients. Wealthtechs benefit from access to a wide network of approximately 200 data feeds from leading custodians and specialized tech providers, eliminating the expenses associated with custom integrations and easing the onboarding of new advisors and firms. Additionally, financial data providers can efficiently distribute their data across a vast network of over 50 wealthtech platforms and 70 portfolio management systems, catering to RIAs and broker-dealer firms. By streamlining the data distribution process, ByAllAccounts empowers industry players with high-quality, comprehensive wealth data.
Accessing Resources and Support
For users seeking to leverage the benefits of ByAllAccounts Data Network, the platform offers a range of valuable resources. These include white papers focusing on superior data aggregation for enterprise-level investment needs, product sheets detailing financial data aggregation for cryptoassets, and eBooks exploring topics like open banking in wealth management and cryptoasset clarity. Users can also access resources like industry insights, decision-making guides for choosing data aggregation technology providers, and more. By providing users with such resources and specialist support, ByAllAccounts ensures that users maximize the potential of their wealth data, making informed decisions and driving business growth.