Activities moved at breakneck speed, giving innovators a chance to win. Government regulatory activity remained minimal.
Headlines to take note of:
- Envestnet unveiled new model portfolios;
- eToro unveiled copytrading and API features for its American clients;
- J.P. Morgan officially launched its Kinexys tokenization offering;
- Mastercard unveiled a threat intelligence solution;
- Plus, Venmo teamed up with Bilt to enable improved options for renters (read on to find out);
- And much more!
Of course, this is your week in digital wealth!
Wealthtech, Regtech, Regulatory, and Treasury
Envestnet/Franklin Templeton/BlackRock/Fidelity Investments/State Street
Boutique Wealthtech Envestnet launched professionally managed model portfolios featuring interval funds from BlackRock and Franklin Templeton. The solutions expand advisor access to institutional alternatives.
Clients can access the offerings via the Envestnet Strategist UMA and Fund Strategist platforms. The firm also revealed plans to introduce additional models from Fidelity Investments and State Street next year.
One Finance, Inc. (OnePay)/DriveWealth
Niche fintech OnePay selected DriveWealth to enable investing on its app. The integration brings DriveWealth Brokerage-as-a-Service to OnePay’s platform.
Additionally, OnePay’s users can directly invest in several instruments, including stocks and ETFs.
Boutique trading platform eToro launched public APIs and expanded its CopyTrader™ feature to the U.S. market. The firm introduced the duo at its annual Investor Summit.
Additionally, the new APIs offer programmatic access to market data, portfolio information, order execution, and social features. These features are initially available to select users.
Bloomberg/Hamilton Lane
Hamilton Lane announced its private markets indices are now available on Bloomberg. The move enhances transparency and benchmarking for alternative investments.
Additionally, Bloomberg Terminal users can access Hamilton Lane’s suite of private market indices, which encompass buyouts, venture capital, private credit, and infrastructure.
Advyzon/Wealth.com, Inc.
Wealth.com integrated its estate planning platform with Advyzon’s ecosystem. The deployment streamlines workflows for over 2,400 financial advisors across the U.S.
Moreover, the integration enables seamless data flows between Advyzon and Wealth.com for clients and portfolios. The partnership also eliminates manual entry and reduces errors, giving advisors greater accuracy in strategic planning.
Crypto, Blockchain, and Digital Assets
On October 30, boutique trading platform Webull announced several new crypto futures. New contracts include Nano XRP, Nano Solana, Dogecoin, Litecoin, XRP, and Solana instruments.
Webull partnered with Coinbase Derivatives to introduce these offerings.
tZERO Group, Inc.
On October 27, tZERO, a tokenization specialist, announced plans to go public. tZERO revealed its intention to go public via the SPAC merger route.
The firm has yet to reveal its SPAC partner.
Citco/J.P. Morgan Asset Management/J.P. Morgan Private Bank
J.P. Morgan launched Kinexys, a platform that facilitates the tokenization of private funds. The initiative modernizes private markets using blockchain technology.
Kinexys enables fund managers to digitize ownership interests in private equity, real estate, and other alternative assets. Citco teamed up with J.P. Morgan Private Bank and J.P. Morgan Asset Management to initiate the first transaction on Kinexys.
Fintech, Personal Finance, and Apps
Payments giant Mastercard rolled out its inaugural threat intelligence platform. The platform helps tackle large-scale payment fraud.
Mastercard Threat Protection uses AI-driven behavioral modeling and transaction insights to identify and mitigate fraudulent activity. Additionally, the solution integrates with Mastercard’s cybersecurity framework and uses predictive analytics to identify anomalies.
Quicken, Inc.
All-American fintech Quicken introduced tools for self-employed workers. The features help accelerate payments and manage taxes.
Users can now send invoices, accept payments, and track income more easily. The platform also offers expense categorization, mileage tracking, and quarterly tax estimation.
Wildfire Systems, Inc./Bold.org
Boutique fintech Wildfire Systems teamed up with Bold.org to enable shopping rewards across AI platforms. Bold.org rewards are available on all major AI platforms, including Gemini, ChatGPT, Claude, and Perplexity.
Students with Bold’s debit card can earn points through AI-aided purchases and use those points to reduce their educational debts.
Niche fintech BillingPlatform unveiled a new AI Monetization solution that helps AI companies optimize revenue through consumption-based pricing models. The solution lets organizations bill for AI services based on actual usage.
Additionally, the product offers dynamic pricing, real-time usage tracking, and flexible invoicing. The platform integrates with existing tech stacks and automation tools for rating, billing, and revenue recognition.
Banking, Payments, and Infrastructure
Amsterdam-based neobank Bunq debuted in the United States after FINRA approved it as a broker-dealer. Remote workers, itinerants, expats, and anyone with ties to both sides of the pond can access Bunq’s services.
Bunq can now offer several services to its American clients, including stock trading and self-driven investments in ETFs and mutual funds.
Banking giant Scotiabank launched a modern U.S. cash management platform to enhance its cross-border banking capabilities in North America. The new platform supports commercial clients with efficient treasury operations.
Scotiabank’s Cash Management solution enables real-time payments, automated reconciliation, and advanced liquidity management tools. The solution integrates with existing enterprise systems.
Lending Match, LLC
Salt Lake City-based fintech LendingMatch launched a personalized loan marketplace that allows users to access offers from up to thirty-five lenders through a single application. The platform streamlines borrowing by eliminating the need for multiple applications and avoiding hard credit inquiries, which can negatively impact credit scores.
Applicants complete a guided form, and the system instantly matches them with lenders based on their financial profile. The platform displays offers in real time, including terms, rates, and monthly payments.
Lumin Digital/SkyOne Federal Credit Union (FCU)
Hawthorne-based SkyOne FCU chose Lumin Digital to provide a cloud-native digital banking platform for its members. The setup enhances user experience and operational agility.
SkyOne can now deliver modern, personalized digital banking experiences through Lumin’s secure, scalable infrastructure. The platform supports integrations across mobile and online channels, offering flexible features including real-time alerts, advanced card controls, and financial wellness tools.
REtech, Insurtech, and Investing
Venmo and Bilt partnered to launch an initiative that changes how Americans pay rent and mortgages. The collaboration enables users to pay rent and mortgage bills directly through Venmo.
Bilt acts as the intermediary, processing the payment and forwarding it to the recipient by check or ACH transfer.
SharperLending Solutions/FICO/Xactus
Xactus subsidiary SharperLending integrated the FICO Score Mortgage Simulator into its platform. The setup provides borrowers and lenders with tools to explore and optimize mortgage options.
Furthermore, the simulator enables users to model how various financial decisions, including debt down payments or resolving delinquencies, may impact their FICO scores and mortgage eligibility.
Boutique insurance firm Branch selected Akur8 to modernize its actuarial workflows. The integration enhances pricing accuracy and operational efficiency across its insurance offerings.
Branch will integrate Akur8’s AI-powered platform to accelerate model development and improve transparency in its home and auto insurance segments. The solution enables actuaries to build, test, and deploy models efficiently, reducing manual tasks and allowing for a deeper strategic focus.
