Key players continued to lead the way alongside upstarts that offered new ways to increase utility.
Headlines to take note of:
- Bloomberg and CME have a new FX-focused partnership;
- Anthropic launched a new, industry-focused offering;
- Crossover Markets launched a crypto ECN solution;
- Tap-to-Pay capability is available for iPhone business sellers within the Cash App ecosystem;
- Fitch Ratings teamed up with dv01 to introduce a new second-mortgage benchmark (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
Financial services giant Bloomberg partnered with CME to integrate its EBS Market’s spot FX transactions with the Bloomberg FX Fixings (BFIX) benchmark. The move enhances BFIX’s transparency and liquidity by incorporating firm, no last-look pricing from a primary venue.
Furthermore, the deployment supports over 1,300 spot currency pairs and nearly 4,000 forward and non-deliverable forward (NDF) fixings.
On the AI end, Anthropic launched a finance-specific version of its Claude AI platform. The chatbot bundles real-time data connectors, expanded usage limits, and prompt libraries into a unified Financial Analysis Solution.
Additionally, the offering integrates with several data providers, including S&P Global, FactSet, PitchBook, and Morningstar.
Advisor360°/AI Productivity Suite
Still, in the realm of AI, wealth management specialist Advisor360° unveiled a suite of AI-powered tools designed to streamline advisor workflows. They include a voice-enabled virtual assistant, an intelligent reporting engine, and a secure meeting agent.
The assistant offers natural language support commands for task automation and provides answers to over 400 FAQs, accompanied by embedded videos and contextual content.
Wedbush/Blue Ocean Technologies/OTC Markets Group
Wedbush Securities launched 24-hour trading capabilities through partnerships with Blue Ocean Technologies and OTC Markets Group. The move enables clients to trade U.S.-listed and OTC equities from 8 p.m. to 4 a.m. ET enabling overnight session support for Asia-Pacific investors.
Moreover, the service integrates three alternative trading systems—Blue Ocean ATS, MOON ATS, and OTC Overnight.
Starburst Labs, Inc. (Wealthbox)/Envestnet
Wealthbox integrated with Envestnet to embed investment management tools directly into its CRM platform. The update enables single sign-on, real-time account visibility, and in-platform proposal generation.
Advisors can now view Envestnet account details via a dedicated Investments tab in Wealthbox and initiate proposals that auto-sync across platforms.
Crypto, Blockchain, and Digital Assets
Ondo Finance, Inc./Sei Labs, Inc.
RWA specialist Ondo Finance launched its flagship tokenized Treasury Bill product, USDY, on the Sei Network. The USDY token offers a 4.25% APY and is backed by short-term Treasuries and bank deposits, targeting non-U.S. investors seeking a stable yield with on-chain access.
Moreover, the integration positions the Sei Network as a destination for institutional-grade DeFi, with USDY’s $680M+ total value locked (TVL).
Digital asset-focused Crossover Markets has unveiled plans to bring its execution-only crypto ECN, CROSSx, to the United States. The platform offers sub-20 microsecond latency, quote-driven matching, and smart order routing.
In addition, the move has backing from several prime brokers, including Hidden Road and BitGo, enabling fungible liquidity across venues without custody lock-in.
Still, on tokenization, Canton Network added four major liquidity providers—B2C2, Cumberland DRW, FalconX, and GSR to its on-chain collateral initiative. The collaboration targets bilateral derivatives markets, offering automated margin workflows, tokenized collateral pledging, and privacy-preserving smart contracts.
Consequently, the solution aims to replace costly tri-party arrangements and overcollateralized setups with real-time, capital-efficient infrastructure.
Fintech, Personal Finance, and Apps
On July 15, Bloomberg Tax & Accounting announced significant enhancements to its AI Assistant tool for tax professionals. New features include iterative conversational research, jurisdictional filtering, chat history storage, and a chart builder for cross-jurisdictional comparisons.
The assistant also has direct integrations with Bloomberg Tax news pages and Portfolios, allowing users to extract implications from articles without leaving their workflows.
Block, Inc. (Cash App)/Square, Inc.
According to a July 15 press release, Cash App introduced Tap-to-Pay functionality for iPhone Business sellers. Over a million merchants can now accept contactless payments, including credit cards, Apple Pay, and digital wallets through the Cash App iOS app.
Moreover, the feature doesn’t require additional hardware, and Square’s payment infrastructure powers the setup.
MHC Software Holdings, Inc./Bottomline Technologies, Inc.
Boutique Fintech MHC launched Payments Plus, a significant upgrade to its NorthStar Accounts Payable (AP) platform. The expansion also embeds the offering with treasury-focused Fintech Bottomline’s Paymode network, streamlining vendor payments and unlocking new revenue streams.
Furthermore, the solution supports rebate-eligible ACH and virtual card transactions, leveraging a network of over 600,000 vendors.
Banking, Payments, and Infrastructure
Grasshopper Bank/Lendio, Inc.
Grasshopper Bank partnered with Lendio to modernize its Small Business Administration (SBA) lending program. The move integrates AI-powered decisioning and customer acquisition tools.
Moreover, the collaboration streamlines the top-of-funnel process, enabling SMBs to apply online and receive instant loan offers.
Towpath Credit Union/Alkami Technology
Cuyahoga Falls, Ohio-based Towpath Credit Union completed a full-scale digital transformation with Alkami Technology. The deployment replaced its core banking, loan origination, and document management systems.
Towpath also adopted Alkami’s Data & Marketing Solution, using behavioral insights to deliver targeted campaigns.
OneUnited Bank/Digital First Holdings, LLC (Candescent)
In a July 17 announcement, OneUnited Bank revealed the expansion of its use of Candescent’s extensible, API-first platform. Additions include enhanced personalized money management tools and digital banking features.
Moreover, the rollout also features seamless account opening, same-day digital card issuance, and access to financial literacy resources.
Firelands Federal Credit Union (FCU)/Mahalo Banking
Bellevue, Ohio-based Firelands Federal Credit Union selected Mahalo Banking to modernize its digital banking experience. Members can access intuitive tools for fund transfers, card controls, and financial management.
Mahalo’s solution also integrates with third-party providers, such as Plaid and SavvyMoney, enabling seamless data connectivity and self-service features.
REtech, Insurtech, and Investing
dv01, Inc./Fitch Ratings, Inc.
Niche Fintech dv01 and Fitch Ratings launched a new benchmark for closed-end second mortgages. The product offers granular, loan-level insights into an evolving housing finance segment.
The offering is available via dv01’s Market Surveillance platform and standardizes performance metrics, including delinquency rates, CPR, and credit scores, across 87,000 originations.
Opendoor Technologies Inc.
Boutique Fintech Opendoor released the first iteration of its Key Agent app. The REtech designed the offering to help real estate agents secure cash offers for clients in as little as two days.
The Key Agent app streamlines home assessments with room-by-room guidance, inline questions, and photo uploads. It feeds structured data into Opendoor’s valuation models and repair-estimate algorithms, enhancing offer precision through a feedback loop between AI and human expertise.
Squalify/Henry Meds
Munich, Germany-based cyber risk ecosystem Squalify officially debuted in the U.S. with its first major customer, Henry Meds, a leading telehealth platform. The tie-up utilizes Squalify’s cyber risk quantification platform, translating technical threats into board-level financial metrics.
Furthermore, the setup integrates with governance, risk, and compliance (GRC) systems and enterprise risk management (ERM) systems.
