Collaborations led the week, highlighted by enhanced integrations. Automated tools continue to gain traction, with AI bots increasingly working alongside human teams.
Headlines to take note of:
- FIS unveiled a new engagement-focused solution;
- NYSE and Redpanda unveiled a data-focused partnership;
- MSIM has a tax-focused offering;
- S&P Global Ratings issued its first DeFi-focused credit rating;
- Businesses and individuals now have new Fintech-powered cash advance options (read on to find out);
- And much more!
Of course, this is your week in digital wealth!
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Wealthtech, Regtech, Regulatory, and Treasury
Fidelity National Information Services, Inc. (FIS)
FIS rolled out its new Investor Services Suite, a robust platform engineered to transform fund manager-investor engagements. The suite offers swift digital onboarding, embedded identity authentication, and customizable compliance modules.
Additionally, the solution also delivers sophisticated liquidity management, dynamic fee computation tools, and adaptable reporting frameworks.
Intercontinental Exchange, Inc. (ICE)/Dun & Bradstreet Corp.
Premier exchange operator ICE expanded its climate risk data and analytics platform. The offering now covers over five million private companies globally.
Moreover, the solution integrates Dun & Bradstreet’s private company data with its geospatial intelligence and climate models.
New York Stock Exchange, LLC (NYSE)/Redpanda Data, Inc.
An August 13 press release announced that the NYSE had selected Redpanda as its data provider to support the NYSE Cloud Streaming platform. The integration enables the delivery of real-time market data with sub-hundred-millisecond latency.
Redpanda’s Kafka-compatible system enables high-throughput, low-latency delivery directly into customer applications.
Morgan Stanley Investment Management (MSIM)/Eaton Vance Management/Parametric Portfolio Associates LLC
On August 14, MSIM introduced Tax Optimized Portfolio Solutions (TOPS). MSIM’s Wealth Strategies Group developed the offering to deliver highly customized investment strategies tailored to client needs.
Furthermore, TOPS integrates tax management capabilities from Morgan Stanley, Eaton Vance, and Parametric Portfolio Associates. The deployment offers a unified approach to managing volatility, enhancing returns, generating income, and planning legacies.
Crypto, Blockchain, and Digital Assets
Paxos Trust Company, LLC/Office of the Comptroller of the Currency (OCC)
On August 11, Paxos announced its renewed application for a national trust charter with the OCC. Paxos aims to convert its existing New York State charter into a federally regulated framework.
Additionally, the firm intends to manage assets and administer trusts without engaging in regular banking activities.
Chainlink/Intercontinental Exchange, Inc. (ICE)
Oracle-focused network Chainlink partnered with ICE to enable on-chain data for foreign exchange and precious metals. The setup integrates ICE’s ecosystem with Chainlink’s Data Streams tech.
Consequently, the integration leverages ICE’s Consolidated Feed, which aggregates market data from over 300 sources. The tie-up delivers pricing to over 2,000 decentralized applications.
S&P Global Ratings/Sky Protocol
S&P Global Ratings issued its first-ever credit rating for a DeFi protocol. The firm assigned a B- (Stable Outlook) to Sky Protocol—formerly known as Maker Protocol. The move is a significant milestone in the integration of DeFi into traditional financial systems.
Sky Protocol operates on the Ethereum blockchain, enabling users to borrow against accepted collateral while minting the USDS stablecoin in the process.
Fintech, Personal Finance, and Apps
Boutique Fintech Self Financial unveiled Self Cash, a small-dollar cash advance product. Borrowers have fast access to funds without interest, credit checks, or late fees.
The product also has a 26-state coverage and provides advances starting at $25, with eligibility for up to $100.
Similarly, merchant-focused Fintech ROK Financial expanded its Merchant Cash Advance and Working Capital programs. The solutions offer same-day business funding.
Financing options range from $10,000 to $5 million, with flexible repayment structures and no minimum credit score requirement.
Businesses with as little as four months of operating history and $10,000 in monthly revenue can qualify.
BlueSnap/Commerce.com, Inc.
Payments-focused BlueSnap partnered with Commerce to launch an accounts receivable automation (AR) customer portal. The integration connects BigCommerce directly with leading ERP systems.
Consequently, the setup enables the real-time syncing of customer and invoice data.
Intapp, Inc.
Boutique tech firm Intapp unveiled the Horizon update to its Intapp Time platform. The improvement introduces GenAI capabilities designed to assist professional services firms.
Additionally, firms can increase billable hours, reduce compliance issues, and enhance client trust.
Banking, Payments, and Infrastructure
Boutique finance specialist MSCI collaborated with PNC Bank to enhance personalized wealth management. The tie-up integrates MSCI Wealth Manager with PNC’s ecosystem.
Moreover, PNC’s advisors can access transparent analytics across asset classes.
Algebrik AI, Inc./Open Lending Corporation
AI-focused Fintech Algebrik partnered with Open Lending to enhance auto loan decisioning for FIs. The integration combines Open Lending’s Lenders Protection platform with Algebrik’s Loan Origination System.
Lenders can evaluate applicants using instant risk modeling and receive instant decisions.
Jack Henry & Associates, Inc.®/Moov Financial, Inc.
Premier banking software provider Jack Henry™ collaborated with payment-focused Moov to launch Tap2Local™. Via the payments solution, merchants can accept card payments via tap-to-pay on iOS and Android devices.
Furthermore, Tap2Local™ is currently in closed beta testing and is accessible via financial institutions. A full rollout on the Banno Digital Platform is coming soon.
InvestiFi, Inc./Member Driven Technologies (MDT)
Niche Credit Union Service Organization (CUSO) MDT partnered with InvestiFi to enable credit unions to offer digital investing capabilities. Members can buy and sell stocks, ETFs, and crypto tokens from their checking accounts.
Additionally, MDT’s network of over 100 credit unions can access the capabilities and improve their profit margins in the process.
REtech, Insurtech, and Investing
Tavant Technologies, Inc./Snapdocs, Inc.
Boutique Fintech Tavant formed a strategic partnership with Snapdocs to create an integrated mortgage platform. The setup connects Snapdocs’ eClosing solution with Tavant’s FinConnect data ecosystem.
Lenders can access a full tech stack, including point-of-sale systems, loan origination software, document providers, and other third-party tools.
Alleva, Corp.
Healthcare-focused Alleva introduced an instant Verification of Benefits (VOB) tool. Users can check their insurance coverage in real-time via Alleva’s electronic medical records (EMR) platform.
Moreover, the solution integrates seamlessly into existing workflows and has features including pay-per-use cost tracking, usage reporting, and faster client onboarding.
Mitsui Sumitomo Insurance Company of America (MSIG USA)/Coalition, Inc.
MSIG USA collaborated with Coalition to launch an advanced cyber insurance program for US-focused businesses. The initiative will offer primary cyber coverage to companies under MSIG’s umbrella starting this month.
In addition, the program combines MSIG USA’s specialities with Coalition’s tech expertise. Clients will gain access to risk monitoring, AI-powered threat detection, and incident response tools.
Superagent Technologies, Inc. (SUPERAGENT AI)
On the AI end, premier Fintech Superagent announced the upcoming launch of autonomous AI agents. The bots will run operations around the clock, interacting with people and servicing policies without direct human intervention.
Furthermore, the firm unveiled plans to enable AI agents to take up leadership positions. The bots will go live later this year.
