The month ended on a positive note, with key players making progress with new products and integrations.
Government interventions continued with a light-touch approach.
Headlines to take note of:
- Bloomberg launched a new market-on-close offering for US treasuries;
- Apollo, Goldman Sachs and J.P. Morgan partnered to boost the private credit markets;
- The ISDA, SIFMA, and SIFMA AMG provided input on 24/7 trading in response to the CFTC’s public comment request ;
- Cantor Fitzgerald wants to launch a gold-backed Bitcoin fund;
- Additionally, Fannie Mae has partnered with Palantir to combat fraud! (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
Bloomberg L.P.
Financial information giant Bloomberg introduced market-on-close (MOC) trading for US treasuries. The move follows the previous launch for European securities.
Furthermore, the offering enables automated trade exit before the markets close.
Apollo Global Management, Inc./Goldman Sachs/J.P. Morgan
A partnership between Apollo Global Management, Goldman Sachs, and J.P. Morgan boosted the private markets. The tie-up enables improved liquidity in the segment, with the involved financial institutions serving as broker-dealers and either acquiring Apollo’s debt instruments or facilitating sales to third parties.
Additionally, the setup improves Apollo’s loan origination ability.
International Swaps and Derivatives Association (ISDA)/Securities Industry and Financial Markets Association (SIFMA/SIFMA AMG)/Commodity Futures Trading Commission (CFTC)
Industry heavyweights ISDA, SIFMA, and SIFMA AMG encouraged the recent surge in round-the-clock trading activities with a unified response to the CFTC’s public comment request. According to the statement, the associations called for a further understudy of the critical components and ecosystems that underpin 24/7 clearing and trading.
The trio also called for continued dialogue between the regulator and key players.
Clear Street
Markets infrastructure firm Clear Street empowered the fund sector with a new outsourced trading platform. The solution complements internal desks by providing a unified interface that includes execution, risk, post-trade analytics, and on-the-go portfolio management.
Moreover, the offering is also modular, allowing for increased flexibility and deployment options.
Crypto, Blockchain, and Digital Assets
CME Group/CF Benchmarks/Arbitrum/Ondo/NEAR/Sui
Premier derivatives firm CME and CF Benchmarks announced the addition of four cryptocurrency reference rates and indices. The new entrants to the CME CF Benchmark Reference Rates and Real-Time Indices include the Arbitrum (ARB), Ondo (ONDO), NEAR (NEAR), and Sui (SUI) tokens.
Subsequently, the reference rates will publish the real-time prices in dollars at 4 p.m. London time daily. Reference rates for the Ondo and Sui tokens will be published daily at 4 p.m. New York time.
Hidden Road
Institution-focused Hidden Road expanded its American presence with digital asset swaps prime brokerage capacities. The deployment also enables cross-margin and financing options for the most critical tokens.
Digital asset OTC swaps are also cash-settled.
Cantor Fitzgerald
In a May 29 press release, investment behemoth Cantor Fitzgerald announced plans to launch a fund that combines Bitcoin with gold. The Bitcoin-focused vehicle aims to protect investors from the downside volatility of the cryptocurrency markets with a gold tie-in.
Cantor Fitzgerald also indicated that the fund will soon be available in a few months and have a five-year lifespan.
Fintech, Personal Finance, and Apps
Bluevine Capital Inc./Stripe, Inc.
SMB-focused Fintech Bluevine teamed up with Stripe to improve payment options. The collaboration introduced Invoicing and Payment Links.
Bluevine’s customers can generate shareable invoices and payment links, enabling direct payments to their accounts.
Avalara, Inc.
Tax specialist Avalara unveiled APIs for its W-9 and 1099 product. The integration enables the combination of W-9 and 1099 compliance workflows with SMB’s existing tech infrastructure.
Avalara’s new APIs offer SMBs several functionalities, including tax ID verification, W-9 vendor collection capabilities, postal service mailing address confirmation, electronic 1099 filings with the states and the IRS, as well as form recipient delivery capabilities.
CoreIntegrator LLC (CI)/Sage
On the Accounts Payable (AP) end, procure-to-pay expert CoreIntegrator announced its joining of the Sage Partner Network. CoreIntegrator’s A/P One product received approval for integration with Sage Intacct.
Consequently, the deployment enables scalability, improved accuracy, automated data capture, and instant integration of invoice and payment data.
Compliance Science, Inc. (COMPLY)
Boutique Regtech firm COMPLY introduced COMPLY for Endowments, a solution that enables nonprofits, universities, family offices, and other public interest institutions to improve their oversight options. The solution also offers scalability and flexibility from an easy-to-use interface.
COMPLY for Endowments also features several cutting-edge capabilities, including a Uniform Prudent Management of Institutional Funds Act (UPMIFA) management system, political contribution tracking, and processes for managing conflicts of interest and disclosure.
Banking, Payments, and Infrastructure
Nymbus, Inc.
In a May 28 post on its website, boutique banking Fintech Nymbus unveiled Nymbus Levels, a platform that helps financial institutions (FIs) improve their brands through loyalty and rewards programs. Nymbus Levels helps improve customer engagement via flexible campaigns.
Nymbus Levels has a service deployment option within its ecosystem.
Grow Financial Federal Credit Union (FCU)/Alacriti, Inc.
Tampa, Florida-based Grow Financial FCU collaborated with Alacriti to enable instant payments. Customers can now receive funds via the FedNow Service and the RTP network.
Transaction settlements are also instantly available via the FCU’s integration with the Alacriti Orbipay Payments Hub platform.
Blend Labs, Inc./Amazon Web Services (AWS)
Premier banking software firm Blend revealed it’s earning the AWS Financial Services Competency badge. The recognition highlights Blend’s capabilities in digitalizing financial information.
Consequently, the status reflects the Fintech’s ability to help FIs scale their software deployments via cloud-based integrations.
TomoCredit, Inc.
On the AI end, personal finance ecosystem TomoCredit has unveiled TomoIQ, an automated assistant that provides expert-level financial advice. TomoIQ provides unbiased guidance and helps resolve everyday financial challenges.
The solution features several state-of-the-art capabilities, including tailored counsel, health scoring, and round-the-clock access to financial data, all presented in a humanized and approachable tone.
Global banking software behemoth announced massive AI investment plans during the Temenos Community Forum (TCF) 2025 event. Temenos CEO Jean-Pierre Brulard indicated that financial institutions (FIs) should invest in technology to complement their efforts.
Furthermore, Brulard iterated that Temenos will be the first banking software firm to shift its focus to AI-enabled deployments.
REtech, Insurtech and Investing
Federal National Mortgage Association (Fannie Mae)/Palantir Technologies, Inc.
In a May 28 press release, All-American Fannie Mae announced a partnership with AI specialist Palantir to launch a Crime Detection Unit. The AI-powered offering extends Fannie Mae’s fraud-fighting capacities.
Additionally, the deployment enables the automated detection of malicious actors in real-time.
Simplisure, Inc.
Boutique Insurtech Simplisure unveiled additional features for its digital life insurance advisor. New capabilities include needs analysis, recommendations, and insurance carrier price comparison capacities.
The new updates are also available within Simplisure’s platform, which has three tiers: Advisor Basic, Advisor Expert, and Premium Enterprise Service, the white-label version of the product.
Eleos Life/SCOR/Assurity Life Insurance Company
Interestingly, United Kingdom-based digital insurance firm Eleos teamed up with All American Assurity and global reinsurance company SCOR to introduce embedded options for Fintech ecosystems. The setup enables integrated deployments, enabling access to affordable life insurance for underserved segments.
Moreover, policyholders can also access other advantages, including mental health and remote healthcare options.
