The strategic partnership will enable SEI to implement build out new applications with real-time account information for financial intermediaries and end investors.
"Quovo is a well-respected provider of account aggregation in the financial services industry, and their way of thinking aligns with ours – empowering firms through technology," said Ryan Hicke, Chief Information Officer at SEI. "The wealth management industry is rapidly evolving, and the continuous development and enhancement of technology are catalysts for that change. APIs are one component of SEI's enterprise strategy to harness next-generation technologies and identify opportunities for alignment with the product initiatives that benefit our clients, workforce, and business." SEI will research opportunities with use cases to implement Quovo's account aggregation technology, which is built on a data platform with an API-driven architecture. Through its industry-leading APIs and modular applications, Quovo enables financial services firms to personalize their services and better engage with clients.