CaixaBank launches GlobalView to unify wealth tracking for elite clients
By Aarav Garg
Today
CaixaBank has launched GlobalView, a financial aggregation tool that enables its Wealth Management clients to consolidate and analyse holdings across multiple institutions within a single platform.
Developed in partnership with Flanks, a WealthTech firm, the service integrates multi-custodian data to provide a unified view of clients' wealth. Flanks will manage automated connections, daily data collection and standardisation, drawing on a network of more than 600 institutional connections across 33 countries.
Once aggregated, financial data is fed into CaixaBank's GPS platform, powered by BlackRock's Aladdin Wealth technology, enabling advanced analytics on both internal and external holdings. This includes detailed breakdowns by asset type, geography, currency and risk exposure, alongside scenario simulations.
Belén Martín, Head of CaixaBank Wealth Management, said, "This service represents a milestone in Spain's banking sector, as it allows clients to take ownership of the information held by the financial institutions they work with. In a market where high-net-worth clients tend to diversify their investments across multiple entities, CaixaBank positions itself at the forefront by offering a sophisticated and innovative positions aggregator."
Clients must provide explicit consent for data access, after which connections are established automatically without manual input or password management. The information is for reference only, as advisory services remain limited to assets held with the bank, not external positions.
GlobalView will initially be available to Global Wealth clients with over €4 million in assets, with broader rollout planned across the private banking division. The launch aligns with upcoming FIDA regulation, set to take effect in 2027, as wealth managers prepare for increased data-sharing requirements.
