Product launches took the industry by storm as cross-partnerships and integrations made headlines.
Headlines to take note of:
- TS Imagine expanded its fixed-income expertise via a partnership with Jeffries;
- AllianceBernstein and SimCorp teamed up to improve investment options;
- Kraken announced an integration with ICE Chat ;
- Mastercard and Erricson teamed up to improve banking access;
- Additionally, LSEG and BofA partnered to enable AI-driven tools for BofA’s clients (read on to find out more);
- And much more!
Of course, this is your week in digital wealth!
Wealthtech, Regtech, Regulatory, and Treasury
TS Imagine/Jefferies
Jefferies selected TS Imagine’s SaaS platform to bolster its outsourced fixed-income trading capabilities. The platform provides advanced tools for trade execution, order management, and real-time risk analytics.
In addition, the partnership enables Jefferies to scale its fixed-income desk while maintaining high service standards for institutional clients.
SimCorp/AllianceBernstein
AllianceBernstein chose SimCorp to transform its front-to-back investment infrastructure. The transformation creates a unified operating model that spans various asset classes and global regions.
Moreover, AllianceBernstein aims to improve the operational agility and data transparency for its investment teams.
WealthFeed/Steward Partners
Steward Partners selected WealthFeed to empower its advisors with AI-enhanced prospecting and client engagement tools. The platform utilizes data science to help advisors identify potential new clients and gain a deeper understanding of their existing client base.
Furthermore, the setup aims to accelerate the growth of the Steward Partners advisor network.
Bloomberg
Bloomberg launched new SOFR swap futures benchmarks as open interest in these instruments booms. These benchmarks provide the markets with increased transparency and accurate pricing for interest rate derivatives.
Moreover, the move follows the industry-wide transition from LIBOR.
Crypto, Blockchain, and Digital Assets
EDX Markets/Level Markets
Level Markets partnered with EDX Markets to expand institutional access to digital assets. The integration enables clients in the Level Markets ecosystem to access enhanced liquidity.
The partnership bridges the gap between traditional brokerage services and digital asset ecosystems.
ICE/Kraken
Kraken revealed an integration with ICE Chat to expand institutional access to its crypto trading platform. The setup allows institutional clients to execute trades and interact with Kraken’s liquidity through their existing ICE Chat workflows.
Moreover, the integration simplifies the trading process for professionals who already rely on ICE for other asset classes.
Pinnacle Real Estate/AIXCrypto
AIXCrypto partnered with Pinnacle Real Estate Group to explore Real World Asset (RWA) integrations. The collaboration combines real estate assets with blockchains to enhance liquidity and transparency.
Additionally, the parties aim to expand real estate investing to an increased range of participants through the tie-up.
Fintech, Personal Finance, and Apps
Ameris Bank
Ameris Bank introduced a new business invoice management and payment solution. The tool helps SMBs automate their accounts receivable and payable processes.
Furthermore, the solution saves business owners time and improves their cash flow management.
Mastercard/Ericsson
Ericsson and Mastercard partnered to enhance global digital money movement and accelerate financial inclusion. The collaboration focuses on expanding mobile money services in emerging markets.
The deployment combines Ericsson’s telecommunications reach with Mastercard’s payment network.
Zum Rails
Boutique Fintech Zum Rails announced plans to become a registered payment facilitator in the US and Canada. The move will allow the company to offer its own payment processing services directly to clients.
Moreover, Zum Rails aims to provide customers with streamlined, cost-effective experiences during the transition.
Qulix AI Lending/AI1 Technologies
AI1 Technologies and Qulix are co-developing an AI lending suite alongside a “ScoreAI” for global banks. The suite is designed to automate the entire lending lifecycle, from application to risk assessment and approval.
Consequently, lenders can make improved decisions by using AI to analyze a broader range of data.
Banking, Payments, and Infrastructure
LSEG/Bank of America (BofA)
LSEG and Bank of America collaborated to enhance data analytics and AI capabilities within the banking sector. The collaboration provides sophisticated digital experiences for BofA’s advisors and clients by leveraging LSEG’s extensive financial data.
Additionally, the initiative integrates AI-driven insights into daily workflows for seamless operations.
Finzly/Metropolitan Commercial Bank
Metropolitan Commercial Bank completed its ACH cloud migration powered by Finzly. The move allows the bank to process payments efficiently in a modern, scalable environment.
Furthermore, the transition to the cloud is part of the bank’s broader effort to modernize its core infrastructure for real-time processing.
Alkami/BankCherokee
BankCherokee launched the Alkami digital banking platform to enhance the experience for its retail and business customers. The new platform has a modern and intuitive interface for managing finances online.
Moreover, the bank can now offer features that rival those of larger institutions.
ConnectPay
Niche specialist ConnectPay successfully transitioned to an in-house core banking system named “Mars”. The move enables greater control over its technology stack and a faster response to market demands.
Furthermore, the setup improves operational efficiency and enables flexible offerings for clients.
REtech, Insurtech, and Investing
Jointly AI
Boutique Insurtech Jointly AI launched what it claims is the world’s first autonomous AI insurance broker platform. The platform uses advanced AI to analyze a client’s needs and automatically select and manage their insurance policies.
Furthermore, the firm aims to lower costs and provide more personalized coverage by removing human brokers from the transaction midstream.
Five Sigmas AI/Loadsure
Loadsure deployed the Five Sigmas AI claims platform and a digital assistant named “Clive” to accelerate freight claims. The tech deployment enables near-instant processing and settlement of insurance claims in the shipping industry.
Consequently, Loadsure can now provide its customers with faster and more transparent experiences.
Covered Education/Blend
Blend and Covered teamed up to educate banks on how to protect closings in a high-premium insurance market. The initiative provides lenders with the tools and information to help their customers find affordable insurance during the home-buying process.
Furthermore, the two firms aim to ensure that more mortgage applications reach a successful closing by addressing the insurance red tape.
