The Week in Digital Wealth (3/11/24)


Data Data Data!

Data (it seems) is the new industry buzzword, with automated solutions providing a context for several use cases.  Meanswile, AI continued to move in and change things. The final consequence of these combinations remains yet to (be) seen. Time will tell.

  • DTCC’s first phase pilot for corporate automation was a huge success;
  • Morgan Stanley has a new private desk;
  • Wyoming scored a huge crypto win;
  • The students at Stanford are (apparently) pro-Bitcoin;
  • What do perfumes, Women, and crypto have in common? (read on to find out);
  • Again, retail banking solutions for Credit Unions are a thing;
  • Plus, AI and the insurance industry have an (ongoing) romance;

As always, it’s your week in digital wealth!

WealthTech, RegTech, Regulatory, and Treasury

Brown Brothers Harriman (BBH)

Data management got a boost, with BBH announcing the combination of its data ecosystem with asset servicing and administration capabilities. Infomediary Data Solutions creates new possibilities by improving data processes with modular frameworks for its clients.

The Depository Trust & Clearing Corporation (DTCC)

DTCC revealed the Q4 2023 successful completion of the first phase of its corporate actions (CA) automation process. The financial infrastructure behemoth will (expectedly) begin phase 2 in Q3, 2024.

Morgan Stanley Wealth Management

Morgan Stanley’s Wealth Management unit revealed the launch of its Private Markets Transaction Desk, an assisted solution that enables the trading of private shares in the secondary markets. The new office provides liquidity for midgrowth companies and new opportunities.


Top-tier RegTech Regnology revealed the attainment of SOC 2 certification for Rcloud, its leading product. The American Institute of Certified Public Accountants (AICPA) awards this certification status.

Crypto, Blockchain, and Digital Assets

The State of Wyoming

Decentralized Autonomous Organizations (DAOs) have a new lease of life with a new law. Governor Mark Gordon signed the Decentralized Unincorporated Nonprofit Association Act (now law) on March 7.

DAOs with a minimum of 100 members can now register as unincorporated nonprofits. Additionally, such DAOs can engage in profit-making activities provided the proceeds return to the nonprofit to further its goals.

Stanford University

The student-run Blyth Fund at Stanford University allocated 7% of its holdings to invest in Bitcoin. Kola Lee, leader of the university’s blockchain club, announced the development on his “X” (formerly Twitter) handle. The event follows Lee’s January pitch to the fund.


To celebrate International Women’s Day, Binance launched a luxury perfume (CRYPTO) to encourage female participation in the industry.

The launch includes an expensive ad campaign and free $25 in USDT tokens to the first 5,000 women who complete a crypto beginner course at the Binance Academy.

FinTech, Personal Finance, and Apps


According to a March 5 announcement, PayPal launched a small business-focused payment solution for its United Kingdom users across the pond and in twenty-two global markets.

The online giant introduced tap-to-pay (functionality) for iPhones for Zettle and Venmo business profile users in America.

The Consumer Financial Protection Bureau (CFPB)

Consumers across America can breathe with the CFBP imposing an $8 on late credit card charges. In a March 5 announcement, the regulator revealed the ban, saving $32 average costs for everyone.

American Express/American Express Global Business Travel (Amex GBT)

Small businesses have expanded spending solutions for employees with an announcement from American Express revealing an integration with Amex GBT.

Virtual card issuance is now available via the Amex GBT Neo ecosystem.


Risk-focused Kroll unveiled two solutions to resolve issues that firms face per compliance, fraud, and more. The Risk Analytics Monitor enables efficient fraud detection, while the Kroll Managed Compliance Software ecosystem helps FIs evolve to the fast-changing regulatory environment.

Banking, Payments, and Infrastructure

Clearwater Credit Union/Cotribute

Digital banking and loan processes are now (easy) for Montana-based Clearwater Credit Union customers with the revelation of its selecting Cotribute, a niche-focused FinTech. Additionally, the cooperation enabled compliance and fraud detection capabilities, among other things.

Edwards Federal Credit Union/Apiture

In related news, California-based Edwards FCU selected Apiture, a North Carolina-based boutique financial solutions firm, to deploy and improve digital banking services.


San Francisco-based Unit21 unveiled two AI-powered solutions to help FinTechs combat financial crime.

Ask Your Data enables automated data analysis across financial crime ecosystems, while AI Copilot improves crime alert processes.


Synctera, a Palo Alto-based Banking-as-a-Service (BaaS), revealed SyncteraPay, a product that enables direct integrations for customers.

Also, SyncteraPay allows direct integration with its ledger, allowing for centralization.

REtech, InsurtTech and Investing

Pattern Insurance/Upper Hand

Pattern Insurance, a niche ecosystem, and Upper Hand, an Indianapolis-based sports technology firm, unveiled a collaboration that integrates offerings to the Upper Hand ecosystem. Athletes and their parents (now) have access to registration cancellation and accident insurance solutions within the Upper Hand sports management system.

Mosaic Insurance

The cyber unit of Mosaic Insurance, a premier firm, revealed the launch of omissions (E&O) coverage in its ecosystem. Tech companies can now access protection against several risks across areas, including Software-as-a-Service (SaaS), consulting, and AI.


Resilience Cyber Insurance launched its Technology Errors & Omissions (E&O) coverage. Additionally, the product targets firms with $300 million to $1 billion in revenue.


Data loss within the insurance industry could be a thing of the past with the launch of a new solution from IntellectAI, a WealthTech and InsurTech firm from across the pond in the United Kingdom.

The Gen AI-powered solution works off the ecosystem with a data loss accuracy of 95% across several document types.