TSWG said the partnership offered banks, mutual banks, credit unions and building societies omni-channel banking solutions, allowing end-users to aggregate all their financial accounts into a single dashboard.
“Together we saw an opportunity to improve the Australian digital banking landscape, enhancing Digital Play with powerful account aggregation capabilities designed to deliver end-users with more comprehensive services.” said David Hamilton, chief executive of eWise.
“TSWG digital banking clients will now be able to offer their customers a world-class digital banking experience and a broad range of new and innovative value added services, no matter whom they bank with."
The companies said, as a modular and component based platform, Digital Play gives the financial institution the flexibility to incrementally and continually develop its digital offerings with mobile, originations and digital marketing capabilities.
Under the partnership, TSWG integrates and leverages eWise Aegis data aggregation, offering a comprehensive digital banking experience to end-users.
The Digital Play Platform allows users to aggregate, manage and share their financial accounts from multiple institutions and consumers can access all their bank accounts, investments, superannuation or pension funds, utility providers, credit cards and loyalty programmes “on one screen, on the go”.
“The solution enables users to get a truly global view of their financial health," the two companies said.
TSWG chief executive John Williams said: “We are delighted to formalise our longstanding relationship with eWise and thrilled to see the two organisations working closely together to promote our best of breed technologies for aggregation services via digital delivery channels for the finance sector in the Asia Pacific.”
Williams said TSWG and eWise had been working together since 2013, delivering “market-leading solutions to customers such as RAMS Financial Group”.
He said the eWise Aegis platform was based on the “The Secure Network Access” patent, which allows users to perform data aggregation on their own device without disclosing their online credentials to a third-party, putting the customer at the centre of their personal data.
Hamilton said eWise data aggregation technology was the only account aggregation technology implemented by licensed banks in Australia under the Australian Securities and Investments Commission, with Westpac a customer of eWise since 2001.