The earnings season and the elections were a potent combination for a slightly subdued industry. Innovation continued, with everything pointing toward an intense year-end.
Headlines to take note of:
- Fundtrsaat launched a new ETF;
- dxFeed now has an NYSE Arca integration;
- Detroit’s residents will soon be able to pay their taxes in crypto;
- Bloomberg Tax and Accounting has new integrations in its portfolio;
- Plus, credit unions continued to make the cut with migrations by Mahalo Banking;
- And much more!
Of course, it’s your week in digital wealth!
Wealthtech, Regtech, Regulatory, and Treasury
Fundstrat Capital LLC/Tidal Global Financial/NYSE
Boutique financial research firm Fundstrat partnered with Tidal Global to list the Fundstrat Granny Shots US Large Cap ETF on the NYSE Arca. The new ETF trades under the GRNY ticker.
Additionally, the GRNY ETF tracks the prevailing trends driving America’s economy and has a basket of 20–50 large-cap stocks.
The capital markets were boosted by adding the NYSE’s Arca Book data feed to dxFeed’s market offerings. This improves dxFeed’s data efficiency for clients trading U.S. ETFs.
Furthermore, dxFeed (now) has a 65% liquidity coverage for American equity order books.
Goldman Sachs/Quantum Motion
Finance giant Goldman Sachs upped its options pricing game by including quantum computing. Goldman experimented with Quantum Motion, a United Kingdom-based tech startup.
Consequently, a new algorithm that split Oracle processes parallelly emerged, increasing concurrent qubits amid improved operational timeframes.
(Hint: a qubit is the basic data quantum computing unit)
Cohen & Steers, Inc.
According to a November 8 press release, Cohen & Steers revealed (pending) changes to its Reality Indexes. The firm made changes to the International Realty Majors Portfolio Index (IRP) and the Global Realty Majors Portfolio Index (GRM).
The investment behemoth removed Daiwa House REIT Investment Corp. (8984 JP) and added Charter Hall (CHC AU) to its GRM index. On the other end, Cohen & Steers removed Daiwa House REIT Investment Corp. (8984. JP) and Cofinimmo SA (COFB.BB) from its IRP index and included Charter Hall Group (CHC.AU) and Big Yellow Group Plc (BYG.LN).
Crypto, Blockchain, and Digital Assets
SEC/BlackRock/Grayscale/Bitwise
According to a November 8 SEC filing, spot ether option applicants would have to wait until April next year (to get) a final decision from the regulator. The SEC iterated that it needed more time for proposal reviews and market implication assessments.
Crypto exchange Coinbase introduced its cBTC token to boost the Solana blockchain ecosystem. The move enables Bitcoin liquidity on the network and will (expectedly) boost DeFi operations.
City of Detroit/PayPal
In a November 7 announcement, Detroit’s Office of the Treasury revealed that residents will (soon) have cryptocurrency tax payment options. The platform will (hopefully) go live by the middle of next year, and PayPal will host and manage the ecosystem.
Additionally, residents will (be able) to pay their taxes with Bitcoin, Litecoin, Ether, and the PYUSD stablecoin. All transactions will have a crypto-to-fiat onramp for settlements.
Fintech, Personal Finance, and Apps
Bloomberg Tax And Accounting
Thanks to Bloomberg Tax and Accounting, accounting and finance professionals have improved options. In a November 4 announcement, Bloomberg Tax introduced a multiparty partnership alongside several additions to its ecosystem.
They include Incentify, a tax and credits discovery ecosystem; K1x, an offering that provides advisors and investors with data from K-1s, K-3s, and 990s; and Antium, an entertainment and meal deduction enhancement offering.
On the talent end, boutique HRtech firm Workday collaborated with data-focused Compa. The cooperation gives Workday access to Compa’s market intelligence, replacing previously used compensation surveys.
Moreover, corporate clients can access Compa’s earnings data, providing room for better job offers.
Premier healthcare software provider Verator revealed that its solution is available on the Salesforce AppExchange. Verato for Salesforce is also integrated with its hMDM platform.
The deployment enables improved customer experiences, providing feedback to healthcare providers.
Pontera Solutions Inc./Envestnet, Inc.
401k holders and advisors have improved billing options via integrations between Pontera and Envestnet. The partnership integrates Envestnet’s BillFin offering with Pontera’s platform.
Furthermore, BillFin enables Advisors to calculate fees and payouts and create invoices (for clients) via a flexible interface.
Banking, Payments, and Infrastructure
The 130,000-member-strong Kemba Credit Union selected Alkami for its business and retail banking digital deployments. The move onboards Alkami’s Digital Banking Platform alongside personalized customer experiences.
Additionally, the partnership has API and SDK integrations for improved customizations.
IBC Bank/Finanta
Laredo, Texas-based IBC Bank collaborated with loan origination-focused Finanta to improve its lending and credit processes. The cooperation deploys several products within IBC’s ecosystem.
They include loan origination tools, collateral, risk, and credit management solutions alongside AI-driven analytics and insights.
Boutique customer referral and automation ecosystem Extole revealed its membership in the Q2 Partner Accelerator Program. FIs within the Q2 network can now integrate Extole’s ecosystem and offer engagement offerings to their customers.
Mahalo Banking/Rocky Mountain Credit Union/UnitedOne Credit Union
CU-focused Mahalo Banking revealed the twin additions of Rocky Mountain Credit Union, based in Helena, Montana, and UnitedOne Credit Union, based in Sheboygan, Wisconsin, to its Thoughtful Banking® platform.
In a November 4 press release, both CUs reported a smooth transition to the ecosystem.
Checkbook/J.P. Morgan Payments
Digital payments-focused Checkbook revealed it’s joining the J.P. Morgan Payments Partner Network. The integration enables J.P. Morgan’s corporate customers to issue digital checks, cutting across B2B and B2C payment rails.
REtech, Insurtech and Investing
Cyber insurance firm Parametrix launched “Parametrix Enterprise Solutions,” a digital-focused offering that fills the gap for internet-based operations. The product (also) has preset templates for policy payouts.
Moreover, the solution covers third-party integrations, including cloud-based ERPs and CRMs.
SageSure/Auros Reciprocal Insurance Exchange
Homeowners in Mississippi and Louisiana have new options thanks to a partnership between niche Managing General Underwriter (MGU) SageSure and Auros. The collaboration improves coverage through integration with Auros.
Consequently, the deployment expands SageSure’s offerings across the Gulf region.
Blend/Covered Insurance Solutions
A partnership between boutique lending software provider Blend and Covered makes home insurance selection easier. The cooperation provides FIs with flexible options.
Additionally, Covered will integrate its marketplace into Blend’s infrastructure.
Stere, Inc./EPIC Insurance Brokers & Consultants (EPIC)
Boutique Insurtech Stere and EPIC teamed up to give small businesses the upper hand. The collaboration combines Stere’s API ecosystem with EPIC’s risk management and insurance offerings.
Furthermore, the cooperation enables embedded insurance options for SMBs via vertical integrations.
