Rietumu Bank has Introduced Broker Link System
18-Apr-2016 / Products & Services Companies managing their clients’ assets frequently encounter problems with receiving portfolio data from custodian banks.
Due to the differences in accounting procedures and data formats, compiling reports for clients is no simple task. Each bank issues reports in its own way and at times data is only accessible in PDF format or even just in hard copy. Frequently the data lacks the necessary transactions details for calculating all the efficiency indexes of trust portfolio management.
Rietumu Bank is the first bank on the market to offer automatic and secure access to the investment portfolios data in a structured way through JSON API – the Rietumu Broker Link. It features information on positions, activities of financial instrument accounts, statements.
Asset management companies fall under the category of the corporate clients that Rietumu Bank specializes in. The bank therefore serves as a convenient technological "backend” and makes its infrastructure more accessible to integrating and building tailored information services on its basis.
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