The Week in Digital Wealth (2/12/24)


The industry has settled down (a bit), with the AI conversation taking center stage. By the way, you should check out our new AI & Finance column.

  • TMX is coming to America from up North in Maple Country;
  • There’s a purchase crypto option in Robinhood;
  • A digital and financial literacy generational digital divide exists (according to Capital One);
  • And the insurance industry is buzzing!

Of course, it’s your week in digital wealth!

WealthTech, RegTech, Regulatory, and Treasury


TMX, the financial services behemoth, announced plans to launch an American-focused alternative trading system (ATS).

During the firm’s Q4 2023 earnings call, John McKenzie, the CEO of TMX, indicated that development of the solution is already underway.

ICE/TS Imagine

ICE Bonds, the field income subsidiary of the global exchange giant, revealed the integration of its liquidity network with the TS Imagine ecosystem. TS Imagine’s clients can now connect to the ICE Bond’s trading protocols.

BNY Mellon/Microsoft

The financial industry (now) has extended capabilities with a partnership between BNY Mellon, the banking giant, and Microsoft.

Additionally, the collaboration empowers BNY’s buy-side and sell-side clients with AI-driven data management solutions, enabling improved trade decisions.

Crypto, Blockchain, and Digital Assets


To improve the adoption of the PYUSD stablecoin, Paxos, the premier blockchain infrastructure firm, partnered with Chainlink, a leading decentralized computing ecosystem. The cooperation integrates the PYUSD Chainlink Price Feed on the Ethereum blockchain.


In a February 6 post, ConsenSys, the digital asset infrastructure firm behind MetaMask, the popular Web 3 wallet, revealed a partnership with Robinhood, the all-American brokerage platform. The cooperation enables a fiat-crypto on-ramp (Robinhood Connect), allowing customers to purchase digital assets in-house.

Ethereum Name Service (ENS)/GoDaddy

Ethereum Name Service, the boutique Ethereum blockchain-based domain naming protocol, partnered with GoDaddy, a leading domain registrar, to seamlessly link ENS domain names with the regular web.

Additionally, anyone can use GoDaddy domain names on Web 3 platforms interchangeably.

FinTech, Personal Finance, and Apps

Ernst & Young (The EY Organization)/MoneyLion

The EY organization, a Big Four accounting behemoth, revealed its partnership with MoneyLion, the mobile-focused FinTech. The cooperation integrates EY’s expertise in digital banking experiences with MoneyLion’s technology infrastructure.

Alkami Technology

Telemetry data from Alkami Technology, the premier digital banking solutions provider, unveiled increasing trends per the adoption of emerging technologies. Based on information sourced from over 2.5 million account holders alongside 1.5 billion-plus transactions, findings revealed increased paid ChatGPT usage, resulting in a 5.5x rise in OpenAI subscribers.


Small businesses have some relief with a collaboration between Revenued, a boutique FinTech, and Found, a niche Neobank and corporate finance solutions provider. The cooperation simplifies the creation of business bank accounts, enabling easy access to capital from Revenued.


Beem, the everyday finance wallet, partnered with April, the AI tax ecosystem. The cooperation integrates April’s extended tax filing capabilities, enabling a streamlined tax process for Americans.

Banking, Payments, and Infrastructure

Trustly/MX Technologies

Utah-based MTX Technologies reached out across the pond to partner with Swedish-based Trustly to enable open banking integrations.

Customers and merchants have access to improved and secure payment experiences and solutions.

Cross River Bank/AeroPay

Gamers now have instant access to winnings with a new partnership between digital-focused Cross River Bank and AeroPay, a boutique Chicago-based payments firm. According to a February 7 post on the Cross River website, the collaboration includes API integrations on both sides and enables instant straight-through processing.

Capital One

Previously held digital literacy assumptions are more of a myth. New research from the Capital One Insights Center indicated that 74% of Americans aged 65 and over have a higher digital and financial literacy edge. 28% of Gen Z customers aged 18-24 had theirs.

Also, 40% of consumers are still behind and have minimal financial literacy knowledge and skills despite a high prevalence.

Oregon State Credit Union/Bankjoy

The 140,000-plus and member-owned Oregon State Credit Union indicated its partnership with Bankjoy, a leading banking software provider. The cooperation enables faster onboarding, including a selfie process.

REtech, InsurtTech and Investing


Xceedance, a leading InsurTech, revealed the launch of MGA Agility Suite, an underwriting digitization ecosystem. 

MGA Agility Suite offers several features, including seamless operational and data integration, vertically integrated digitization, and MGA operations licensing options.

Corvus Insurance

In related news, Corvus Insurance, a premier cyber insurance firm, unveiled Smart Tech E+O®, a digital-only errors and omissions (E&O) solution. Additionally, the product focuses on technology risks, offering advisory services and claims handling on the go.

Guy Carpenter & Company, LLC

Guy Carpenter, a leading global risk-focused and reinsurance firm, launched CatStop+, a cyber reinsurance solution. CatStop+ aims to mitigate the volatile risks firms face per cyber insurance and integrates the firm’s other solutions to aid the cover provision process.


Verisk, a nice data-focused FinTech, revealed the addition of a new generative AI feature to its Discovery Navigator solution. Working with Amazon Bedrock, an AWS Software as a Service (SaaS) component, the feature enables quicker insurance claims processing.

The Verisk Discovery Navigator is a boutique medical records platform for property and casualty (P&C) claims.