The FinTech Report The FinTech Report Podcast: Episode 47: Interview with Alexandre Chavotier, Co-Founder at Upworth
Mar 10, 2024
Alexandre Chavotier, co-founder and CEO of Upworth, transforms personal finance management through his wealth superapp, which offers a comprehensive dashboard for tracking finances. He discusses the evolution of open banking and how it empowers consumers to control their data and financial decisions. Alex highlights Upworth's innovative features, including mortgage refinancing within the app, and emphasizes the importance of partnerships in enhancing financial services. His insights into revolutionizing wealth management shed light on the future of financial technology.
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Comprehensive Asset Connection
- Upworth lets users connect all bank, credit card, superannuation, mortgage, investment, and crypto accounts to track net worth.
- Users can manually enter private assets like jewelry or unlisted investments for full wealth visibility.
CDR Democratizes Financial Data
- Open banking and Consumer Data Right (CDR) shifted data ownership to consumers, enabling third-party financial apps.
- This change removes banks' historic data monopoly and powers people to self-manage finances affordably.
Multi-Channel Data Acquisition
- Upworth sources data via multiple channels: open banking (CDR), screen scraping, and direct integrations.
- Partners like Adatry and Yodley provide comprehensive data feeds from banks and superannuation funds.