Founded by former asset managers, Colbr offers fintech services to provide retail investors with quality investment products accompanied by tailored advice. 

Colbr gives clients the chance to define their investment strategies precisely with the help of real experts. Technology plays a key role in Colbr’s ability to automate its operations and bring new value to customers via their financial experiences. Every product chosen for a customer goes through Colbr’s highly selective decision-making process. 

The need: Gaining a real-time overview of client assets with Open Banking

French consumers have proven themselves financially savvy when it comes to using more than one banking or financial account. Coblr data estimates that 43% of French people are multi-banked, with this figure expected to continue growing annually. 

Colbr’s goal as a company is to help retail investors make the best possible choices in investment products. Open Banking technology provides essential aid for connecting a user’s bank accounts into one central platform and system, a capability that proved a necessity for Colbr. 

“Security, or rather cybersecurity, is a priority. It is even essential. Before even looking at an Open Banking solution, it is essential to examine a vendor’s data management. Our business is based on trust, so it’s important to select the right technology partners.” —Mickael Juvenelle, Co-Founder of Colbr and Head of Tech and Operations

The mission to provide a real-time overview of assets is a driving operational factor for Colbr, especially given that such services are often entrusted to independent players rather than banks themselves. 

The solution: Integrating Open Finance wealth management capabilities

An exploration of potential partners led Colbr to team up with Powens. The company opted for Powens’ wealth management solution, powered by Open Finance, which can support multi-bank data aggregation for businesses in the wealth and investment advisory sectors. 

“Powens has understood and mastered the topics of data management and cybersecurity. And Powens has been able to take over the wealth management sector, which includes two types of assets: traditional savings held by banks, and investment products held by wealth management companies and insurers.” —Mickael Juvenelle, Co-Founder of Coblr and Head of Tech and Operations

In just two months, Colbr deployed Powens’ solutions in production with partners throughout the process who had total command of the technological aspect of the project. 

The success of a project in these types of scenarios relies not only on the quality of the product but also on the expert commitment from all partners involved. As Mickael puts it, “This was the case for both.”

The results: Once-per-year data becomes readily available information

The implementation of Powens’ Open Finance solution has allowed Colbr users to establish an inventory of financial assets in just a few simple clicks. Colbr’s customers now have immediate access to information that was previously sent only once a year in paper or PDF format. 

Powens’ Open Finance services have also empowered Colbr’s advisors to spend less time collecting data and more time analyzing it, bringing new value to customers. 

“Any ambitious and technology-oriented company must surround itself with API partners. Powens is one of them and is a reference in the financial sector.” —Mickael Juvenelle, Co-Founder of Coblr and Head of Tech and Operations

Colbr now has the data and technology in place to help retail investors achieve a better overview of their assets and investment strategy. The Colbr team plans to continue working with Powens to improve their offerings and remain customer-centric, as well as to stay tuned in to how technologies like artificial intelligence may shake up the retail investment space moving forward. 

Watch the full video with Mickael Juvenelle

Ready to elevate your WealthTech offering?

If you’re building or scaling a digital wealth management platform, Powens gives you access to key financial data beyond traditional Open Banking aggregation. With our Open Finance solutions, your clients get a comprehensive overview of all their financial assets, helping them make better-informed investment decisions. 

Schedule a call today to discover the limitless possibilities of Open Finance.