Despite the current headwinds, the industry continued bucking trends. Innovation thrived as key players settled in for the long term.
Headlines to take note of:
- Bloomberg has a new front-office solution;
- Goldman Sachs and FlexTrade expanded their partnership;
- Thanks to Trumid, the corporate bond sector has a new offering;
- PayPal expanded its crypto footprint to include the Solana and Chainlink blockchains;
- Plus, Mastercard was in the news for all the right reasons! (read on to find out);
- And much more!
Of course, it’s your week in digital wealth!
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Wealthtech, Regtech, Regulatory, and Treasury
Financial infrastructure specialist Bloomberg launched a front office-focused offering. The solution provides up-to-date market data and information from structured and unstructured repositories, including the Bloomberg Market Data Feed (B-PIPE).
Bloomberg’s Real-Time Events Data offering gives users access to subscription-based notification options.
Goldman Sachs/FlexTrade Systems, Inc.
Industry behemoth Goldman Sachs revealed the go-live of its enhanced auto-delivered algo offering (in partnership with FlexTrade). The API-focused deployment is available on the FlexTrade execution management system (EMS).
Consequently, clients can directly access Goldman’s data algos.
Trumid Holdings, LLC
Boutique trading software firm Trumid introduced its corporate bond-focused Fair Value Model Price (FVMP) product. The solution has several cutting-edge features, including precision-based prediction capabilities for up to 22,00 bonds within a 30-second cycle.
Furthermore, the solution utilizes several data sources, including data from its ecosystem and external sources.
Clear Street LLC/Blue Ocean Technologies, LLC/National Market System (NMS)
Institutional-focused Clear Street unveiled 247 6-day trading capabilities for its equities platform. The move follows a March 13 integration with Blue Ocean Technologies, which enabled the feature.
Moreover, customers can access stocks on the National Market System via the Blue Ocean alternative trading system (ATS).
Crypto, Blockchain, and Digital Assets
Glimmer Technologies, Inc. (Glimmer Finance)/Solana
The Solana blockchain got boosted with the launch of its first real-world asset (RWA) marketplace by boutique crypto firm Glimmer Finance. The ongoing sale of the $GLIMM token is ahead of its planned listing.
Glimmer aims to create a marketplace with tokenized assets, including intellectual property, commodities, real estate, treasury bills, and other high-value assets.
In an April 4 press release, PayPal announced support for the Solana and Chainlink blockchains. P PayPal and Venmo users can now purchase and transfer SOL and LINK tokens from their accounts.
Furthermore, the integrations will be available over a few weeks.
Securities and Exchange Commission (SEC)
Stablecoins continued to make gains. The SEC revealed further clarification in an April 4 announcement.
The regulator revealed that covered stablecoins aren’t securities. The agency has yet to provide guidance on the status of yield-bearing tokens.
Fintech, Personal Finance, and Apps
Payments giant Mastercard and MoneyGram teamed up to improve local and global money transfer services. The collaboration enables speedy, card-based money transfers to up to thirty-eight destinations (for now).
Furthermore, the setup leverages the Mastercard Move framework.
In related news, Mastercard revealed a new virtual card offering to increase transaction efficiency. The setup integrates with major ERPs and other platforms to enable fast processing.
Similarly, Visa unveiled new solutions that enhance payment processing. These offerings include an upgraded Authorize.net platform, the ARIC Risk Hub and Unified Checkout.
In addition, the solutions provide a seamless checkout experience and improved card acceptance rates, along with unique insights and fraud detection and mitigation capacities.
International Chamber of Commerce (ICC)/Opus 2 International Ltd.
Dispute resolution at the ICC progressed with the launch of a digital case management platform. In an April 1 announcement, the ICC revealed the latest iteration of its ecosystem.
Consequently, the solution provides enhanced digitization at the ICC International Court of Arbitration. The platform leverages the infrastructure of the United Kingdom Fintech Opus 2.
Blend Labs, Inc./Prove Identity, Inc.
On the banking end, onboarding specialist Blend partnered with Prove. The cooperation integrates the Prove Pre-Fill® identity verification product with Blend’s banking platform.
Additionally, the setup deploys Prove Pre-Fill® across end-to-end processes.
Banking, Payments, and Infrastructure
Early Warning Services, LLC (Zelle)
Scottsdale, Arizona-based Zelle revealed the sunset of its standalone app. The announcement follows an October 20204 revelation of increased nationwide banking software integrated utility instead of direct app usage.
Consequently, the service will remain available within the banking software platforms of 2,200 financial institutions across America.
Alkami Technology, Inc.
In an April 2 post on its website, boutique banking software platform Alkami revealed plans to introduce an industry-leading digital sales and service product. Alkami’s Chief Marketing Officer, Allison Cerra, revealed the Fintech’s intentions at the annual 2025 Alkami Co:lab event.
The offering includes marketing, onboarding, and core banking capabilities under a single umbrella or as three separate apps.
Republic Bank & Trust Company/Fiserv, Inc.
Louisville, Kentucky-based Republic Bank unveiled its selection of Fiserv as part of efforts to update its core banking operations. The cooperation enables Fiserv’s DNA offering within Republic Bank’s ecosystem.
Furthermore, the move improves Republic Bank’s digital footprint, giving customers options.
Border Bank/Jack Henry & Associates, Inc.
Similarly, Thief River Falls, Minnesota-based Border Bank, partnered with Jack Henry for ongoing digital advancements. The collaboration includes the FI’s adoption of several Jack Henry products, including JHA Treasury Management and the Banno suite.
Consequently, the move enables enhanced services, including regular banking, card services, and mortgages.
REtech, Insurtech and Investing
Sapiens International Corporation
In a March 31 announcement, boutique Insurtech Sapiens revealed the addition of an unnamed multiline all-American insurer to its fold. The setup includes selecting several solutions within Sapiens’ portfolio, including the Sapiens Cloud Services and the Sapiens CoreSuite for Life & Annuities.
Additionally, the framework integrates the Sapiens API and the carrier’s internal framework, enabling flexible, customer-oriented operations.
Lone Wolf Technologies Inc/First Multiple Listing Service (FMLS)
Thanks to a partnership between Lone Wolf and FMLS, real estate professionals in the South East now have options. The cooperation provides several tools to 60,00-plus members within the FMLS ecosystem, including transaction management solutions and Lone Wolf’s Authentisign eSignature offering.
Subsequently, collaboration enables improved business processes.
RentSpree, Inc./DocuSign, Inc.
A collaboration between RentSpree and DocuSign has allowed brokers and agents in the rental sector to breathe easily. The cooperation integrates RentSpree’s ecosystem with DocuSign’s industry-leading solutions.
Furthermore, professionals can provide their customers with efficient, on-the-go services.
