This week, two FinTechs have announced partnerships and new team members. Here’s the latest on these company updates.
Onist partners with Quovo to give families access to financial data
Toronto-based Onist, which provides a financial management platform for families to connect and manage their financial accounts, has announced a partnership with New York-based Quovo, a centralized data platform that gives FinTechs insight into the financial identities of consumers.
The partnership will allow Onist’s clients to see their financial data from Quovo’s Canadian accounts, credit unions, and investments accounts in a comprehensive dashboard. The goal is to provide Onist’s users with a fuller picture of their net worth and cash flow to help them make better-informed financial decisions for their families.
“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,” said Brad Kotansky, CEO of Onist. “We are thrilled to partner with Quovo and feel strongly that we can help bring Canadians the same financial insight Americans have had for years. There’s never been a better time for Canadian families to be able see and digest all of their important financial information in one place.”
Onist said it is the first Canadian company to partner with Quovo, which recently announced an investment from Portag3 Ventures to support its expansion into Canada.
“Quovo aims to create the transparency needed for consumers and advisors to make healthier financial decisions,” said Lowell Putnam, co-founder and CEO of Quovo. “Onist’s commitment to giving families a complete view of their finances aligns perfectly with our mission, making the company an ideal early partner for Quovo in Canada. We look forward to providing Onist’s users and their financial advisors with the technology necessary to improve their financial health.”
TribalScale appoints Preeti Malik as Venture Studios’ executive-in-residence
Toronto-based TribalScale has announced that Preeti Malik will be joining the company’s Venture Studios program as executive-in-residence.
Launched in February 2018, TribalScale’s Venture Studios program is looking to raise $100 million for the co-creation of startups in the blockchain, AI, and voice space over the next five years. As the executive-in-residence, Malik will advise the program’s startups on ideation, strategy, development, and growth.
“I am thrilled that Preeti will be joining our team,” said Kirstine Stewart, president and CRO of TribalScale. “She shares our commitment to innovation and building business value. Preeti has extensive experience driving innovation at leading consulting firms in the financial services sector. She is an extraordinary executive, team-builder, and leader.”
Before joining Venture Studios, Malik was the Canada National Practice Lead for Risk and Compliance at Accenture. She has also held senior management roles at Deloitte and Ernst and Young.
“Joining TribalScale Venture Studios will allow me to draw on my expertise and experience working with financial institutions,” said Malik.”I look forward to sharing my knowledge with entrepreneurs, connecting corporates and startups, and guiding teams through innovative strategy to growth,” said Malik. “Venture Studios is a unique platform that bridges the gap between the expectations of industry and the ground-breaking ideas of startups.”
In February 2018, TribalScale announced Peter Aceto and Farid Kassam as Venture Studios’ executive-in-residence and entrepreneur-in-residence, respectively. TribalScale said Malik will join the Venture Studios team at TribalScale’s TakeOver Innovation Conference taking place on June 11.
Venture Studios, which will launch its first cohort at the conference, is accepting applications from entrepreneurs with idea-stage or seed-stage startups.