Last week, the customer was in focus, with collaborations and cooperation tilting towards improved user experiences. The government’s light touch stance remained.
Headlines to take note of:
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- CAIS launched an alternative investment-focused offering;
- DriveWealth revealed overnight trading plans;
- Mastercard introduced a new product for SMBs;
- Momnt and ChargeAfter gave contractors a boost;
- Plus, Rocket unveiled an industry-first, renter closing credit solution (read on to find out);
- And much more!
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Of course, it’s your week in digital wealth!
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Wealthtech, Regtech, Regulatory, and Treasury
Capital Integration Systems, LLC (CAIS)
Alternative investment-focused CAIS introduced an offering that seamlessly integrates with managed account ecosystems and Turnkey Asset Management Platforms (TAMPs). The product enables unified access to alternative and traditional investments.
Furthermore, enterprise ecosystems that deploy the solution can fully utilize CAIS’s trade cycle capacities.
LPL Financial, LLC
Similarly, wealth management-focused LPL Financial unveiled ‘LPL Alts Connect,’ an offering that improves the access and management of alternative investments. The platform has cutting-edge features, including e-signature tools, client-first sales kit deployments, and more.
Additionally, the product has a comprehensive compliance module that enables on-the-go client readiness.
DriveWealth, LLC/OTC Markets Group
Premier brokerage platform DriveWealth revealed the extension of its overnight trading activities. DriveWealth improved the development in partnership with OTC Markets Group.
Moreover, the integration enables efficient order routing via pricing analysis from several sources. The overnight trading availability will (expectedly) debut in March.
Derivative Path, Inc.
Boutique Fintech Derivative Path revealed its Risk Dashboard. The product enables professionals to manage ecosystem risks efficiently.
In addition, the dashboard has several features, including enhanced analytics that provide unique insights, flexible reporting, automated spreadsheets, and more.
Crypto, Blockchain, and Digital Assets
Franklin Templeton
Investment behemoth Franklin Templeton introduced the ‘EZPZ ETF.’ The ETF tracks Bitcoin and Ether prices.
Furthermore, the product launched on February 20, allocating 87% of its weight to Bitcoin.
Exodus Wallet/PayPal, Inc. (Venmo)/MoonPay
Premier crypto wallet Exodus revealed the integration of Venmo as a payment alternative for American customers. Exodus’s deployment with MoonPay powers the selection.
Additionally, the setup is live and available via the MoonPay partner network.
SEC/Figure Securities, Inc. (Figure Markets)
The stablecoin sector continued to expand with the launch of the YLDS, the first yield-bearing digital asset of its kind from Figure Markets. The unveiling follows the SEC’s approval of the stablecoin.
Consequently, the SEC registered the YLDS as a security, with an (initial) 0.5% daily yield.
Fintech, Personal Finance, and Apps
Thanks to a new solution from Mastercard, SMBs now have a plus. The ‘Mastercard Mid-Market Accelerator offers SMBs several advantages, including a card that offers rewards, financial controls, and more.
Moreover, Trovata integrates with the platform, enabling supplier payment security.
Verifone Systems, Inc./POPID, Inc.
Similarly, payment-focused Verifone partnered with biometric specialist POPID to provide identity-based products. The collaboration will enable fast transactions with simple gestures.
Furthermore, the cooperation is part of Verifone’s goal of building an identity-leveraged open ecosystem.
Momnt Technologies, Inc./ChargeAfter, Inc.
Contractors can now provide improved options thanks to a collaboration between Momnt and the embedded lending ecosystem ChargeAfter. The cooperation integrates Momnt’s loan options with ChargeAfter’s platform.
Additionally, the deployment allows contractors to offer flexible finance options to their customers on the go.
SMB-focused Fintech NewtekOne announced the integration of Intuit’s Quickbooks into its ecosystem. The integration enhances processes for its platform via QuickBooks Desktop and QuickBooks Online deployments.
Moreover, SMBs have real-time access to financial data and other features of the Newtek Advantage offering.
Banking, Payments, and Infrastructure
Regions Financial Corporation (Regions Bank)/Koxa Corp.
Birmingham, Alabama-based Regions Bank tapped boutique banking software Fintech Koxa to introduce a treasury management ecosystem. ‘Regions Embedded ERP Finance’ provides SMBs with improved finance data and ERP integrations.
In addition, the offering has integrations with several legacy ERPs, including Sage Intacct, Oracle NetSuite, Microsoft Dynamics 365 Business Central, and Workday. Other deployments are coming soon.
Eltropy, Inc./MeridianLink, Inc.
AI-powered banking software provider Eltropy revealed the onboarding of financial software specialist MeridianLink. The deployment improves CFI communications processes.
Furthermore, the collaboration integrates Eltropy’s communications platform with MeridianLink’s accounts opening offerings across several windows, including chat, text, audio, and video phone calls.
Utah Community Credit Union (UCCU)/NCR Atleos, LLC
Provo, Utah-based UCCU joined the NCR Atleos Allpoint Network, improving cash access for its members. The integration enables charge-free access to over 40,000 ATMs for the 240,000-strong Credit Union.
Moreover, the collaboration allows members to make cash deposits in 55,000 ATMs across America.
EquipiFi, Inc./Cornerstone Financial Credit Union (Cornerstone)
Nashville, Tennessee-based Cornerstone FCU collaborated with niche Fintech Equipifi to launch its Buy-Now-Pay-Later (BNPL) product for its members. The move enables flexible financial options for the FCU’s members.
Cornerstone is Tennessee’s first Credit Union to have a BNPL option.
REtech, Insurtech and Investing
All-American favorite Rocket Mortgage unveiled ‘RocketRentRewards’- the sector’s first renter closing credits solution. Buyers can get 10% back from their previous year’s rental payments and up to $5,000 towards closing credit costs.
Consequently, renters can confirm their twelve-month payments via documentation before receiving the closing credits.
Yardi Systems, Inc./SentiLink Corp.
Boutique REtech Yardi partnered with identity-focused SentiLink to help prevent Credit Privacy Number (CPN) fraud. The collaboration integrates SentiLink’s identity verification technology with Yardi’s ‘ScreeningWorks® Pro.’
Additionally, the deployment will be available in March.
Converge Insurance/Obsidian Insurance Group
Cyber insurance specialist Converge collaborated with Obsidian to improve its underwriting capacity. The cooperation enables Converge to extend its portfolio, improving wholesale broker options.
Furthermore, the tie-up provides improved access to cyber coverage.
