d1g1t, a Toronto-based fintech platform that has been expanding rapidly across both the United States and Canada, this week announced an agreement with National Bank Independent Network (NBIN).
Canada’s largest clearing and custody firm, NBIN serves more than 450 firms and has over $300 billion of assets under administration, according to a d1g1t press release shared this week with Digital Wealth News.
d1g1t’s comprehensive digital wealth management platform supports some of the top wealth management firms, multi-family offices, registered investment advisors (RIAs) and broker-dealers throughout North America that serve high-net-worth and ultra-high-net-worth investors.
Under the terms of the agreement, NBIN will implement d1g1t’s digital client engagement tools, advanced analytics, risk management, modern reporting and performance management capabilities.
The new strategic partnership with NBIN is the latest big move for d1g1t north of the border. Last fall, the company formed a similar agreement with Raymond James Correspondent Services, the Canadian arm of U.S.-based investment behemoth Raymond James Financial.
Last year, the company raised $16 million CAD to spur its continued growth. The round was led by mega-aggregator CI Financial, which has made over 30 RIA acquisitions in the U.S. since 2019. NAventures, Bank of Canada’s corporate venture arm, also participated in the round.
“This partnership not only further validates the unique solutions we provide, but it underscores our ability to empower large financial providers with effective tools that scale and elevate their client engagements,” Dr. Dan Rosen, d1g1 t’s co-Founder and CEO, said.
