The partnership seeks to enhance client engagement with a unified platform offering personalised insights. Credit: Day Of Victory Studio/Shutterstock.

First American Bank (FAB) has turned to InvestCloud to upgrade its digital wealth management platform.

Through this alliance with the wealth technology provider, the bank aims to improve client engagement by offering a unified platform with tailored insights.

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Presently, the bank runs on a technology stack with various systems.

FAB will deploy a range of products from the wealth technology provider. These include InvestCloud’s Client Experience, Prospect Experience, and Advisor Experience.

Through the integration of InvestCloud’s technology, the bank looks to simplify the digital experience by consolidating investment data, reporting, and documents.

The new platform will offer mobile-friendly, connected technology, helping clients access their financial data anytime and anywhere.

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InvestCloud North America digital wealth president Kapin Vora said: “This collaboration reflects our commitment to driving innovation in the banking sector, enabling advisors and clients to engage with their financial data seamlessly while enhancing the overall client experience.”

FAB wealth management head Jane Nagel said: “We are thrilled to announce our partnership with InvestCloud, a strategic move that will significantly elevate our wealth management services.

“This innovative digital platform represents a substantial investment in cutting-edge technology and underscores our unwavering commitment to delivering an exceptional and personalised wealth management experience.”

First American Bank, with $7bn in assets, operates 61 branches across Chicago, Milwaukee, Miami, and Tampa.

Last month, InvestCloud launched private markets account (PMA) to streamline management of alternative and traditional investments.