Institutional moves prevailed in the sector, with partnerships creating new solutions. Governments remained cautious in their regulatory efforts.
Headlines to take note of:
- Bloomberg revealed upgrades to its front office solution;
- SIPs want to extend their operating hours;
- ICE launched an auction-matching solution;
- Stripe now has a stablecoin offering;
- Plus, FICO introduced a new data hub (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
Premier financial services firm Bloomberg announced several improvements to its Intraday BVAL (IBVAL) front-office pricing offering. Additions include emerging market bond coverage and pricing automation.
Furthermore, the setup enhances transparency.
Securities Information Processors (SIPs)/SEC
The SIP operating committees revealed their intentions to submit an amendment plan to the SEC. The SIP wants to extend its operating hours from 8 p.m. on Sundays (Eastern) to 8 p.m. on Fridays (Eastern).
Additionally, each twenty-four-hour operating period will have a technical pause.
Intercontinental Exchange, Inc. (ICE)
Market solutions connoisseur ICE revealed new capabilities to its ICE Bonds’ Risk Matching Auction (RMA) protocol offering for corporate bonds. The RMA protocol now has Price Improvement Volume Clearing (PIVC) capacities, a market liquidity-boosting feature.
Furthermore, PIVC enables follow-on auction activities, creating second-chance trading and improved pricing options.
Boutique brokerage Webull announced a partnership with Visa. Webull’s America users can access seamless transfers between their brokerage accounts and external ones.
Moreover, the transfers usually occur within one minute.
Crypto, Blockchain, and Digital Assets
Office of the Comptroller of the Currency (OCC)
In a May 7 announcement, the OCC revealed that banks can trade digital assets held in custody and at the customer’s direction. According to the OCC, FIs can outsource their custody and execution activities.
Specifically, the OCC also called for appropriate risk management procedures.
Payments ecosystem Stripe took its digital asset foray to the next level with the launch of Stablecoin Financial Accounts, an offering that allows businesses to hold and transact in stablecoins.
The solution is available in 101 countries and has crypto-to-fiat onramp integrations with the USDC and USDB stablecoin tokens.
Custodia Bank/Vantage Bank/DX Xpress
On the tokenization end, Custodia Bank and Vantage Bank revealed their first tokenized transaction for a payment. DX Xpress sent funds between the US and Mexico via the setup.
Moreover, the transaction deployed the Avits,™ tokenized greenback for the programmable dollar payment.
Fintech, Personal Finance, and Apps
At the recently concluded FICO® World event, the credit scoring-focused Fintech introduced the ‘FICO Marketplace.’ The platform enables dual access to data and analytics.
Furthermore, the ecosystem has an open API architecture that enables modular access to data infrastructure.
InvoiceCloud, Inc.
On the AI end, billing-focused Fintech InvoiceCloud announced embedded GenAI tech and agents in its electronic bill presentment and payment (EBPP) ecosystem. The integration includes payment-focused agents and natural language report-building features.
Additionally, the deployments enable seamless transactions and faster processes.
Still, on tax, digital-focused Fintech, Anrock launched its Anrok Stripe app during the Developer Keynote address at the Stripe Sessions 2025 event. The offering enables single-click or easy code integrations between the Anrock ecosystem and Stripe Checkout and Billing features.
Moreover, teams can access tax calculations seamlessly.
Xplor Technologies, LLC/Parafin, Inc.
Niche payment Fintech Xplor Technologies launched Xplor Capital, a financing option for software firms and merchants within the Clearent by Xplor ecosystem. Xplor Capital enables merchants to receive financing on software platforms.
Furthermore, Xplor partnered with boutique Fintech Parafin to power the solution.
Banking, Payments, and Infrastructure
Oracle Corporation
Tech behemoth Oracle introduced the Oracle Banking Collections Cloud Service and the Oracle Banking Retail Lending Servicing Cloud Service. The twin solutions enable rapid digital conversions, improving FI operations.
Furthermore, the dual offerings enable streamlined and optimized retail banking processes.
Blend Labs, Inc.
Banking software provider Blend Labs launched its Business Deposit Account Opening offering. The product is part of Blend’s Consumer Banking Suite.
Consequently, FIs can offer services and solutions to retail and corporate customers via a single window.
Fruition Personal Finance, LLC
Boutique personal finance ecosystem Fruition announced took on America’s credit card problem with its Debt Paydown offering. The Debt Paydown tool offers personalized strategies to eliminate loans and other loans.
Furthermore, the offering is available within Fruition’s Folio platform.
nCino, Inc./Wings Credit Union/Radius Group, LLC (BankLabs/Participate)
According to a May 7 press release, Apple Valley, Minnesota-based Wings CU, revealed single-click loan creation capabilities within the nCino ecosystem. Participate (by BankLabs) powers the functionality.
Additionally, the deployment enables efficient loan origination processes.
REtech, Insurtech and Investing
Turris Financial Technologies, Inc./Loro Insurtech Inc.
Boutique Fintech Turris teamed up with Lorro to improve compliance onboarding processes. The move automates several back-office processes, improving efficiency.
Moreover, the dual offering enables state agent licensing data sharing.
On the AI end, Sixfold AI introduced Discrepancy Scan, an offering that automates life and disability insurance applications. The product compares provided data with medical and other information for gaps and errors.
In addition, underwriting teams can access errors via an intuitive dashboard.
AI-focused Liberate teamed up with Snapsheet to improve automated claims processes. The setup enables end-to-end automation, leveraging conversational AI.
Furthermore, the deployment is flexible and has preset accelerators alongside compliance flexibility.
