Wealthtech Week in Review (5/6/19)

 


E*TRADE is going to allow customers to trade Bitcoin and Ethereum on its platform. Interactive Brokers plans to combine Watchlists & Scanners into a single tool. Envestnet announced new analytical tools that will empower financial advisors to make better, data-driven decisions and ultimately drive more productivity. AdvisorEngine announced new, deeper Junxure integrations, which include data flow improvements between the CRM application, Orion platform, Constant Contact, and MyRepChat.

MoneyGuide and eMoney are battling to redefine the way advisors interact with clients. Broadridge acquires Rockall Technologies to expand its front-to-back wealth management capabilities. IBM collaborates with Thomson Reuters to help banks address ever-growing regulatory requirements through the powerful combination of artificial intelligence (AI) and real-time regulatory insights. Guideline partners with Brex to support startups and small businesses.

Schroders’ investIQ will be available to Citi clients in Asia and Europe in the first half of 2019.

ETRADE

E*TRADE Financial Corp. (ETFC) is reportedly preparing to enter the cryptocurrency world with plans to allow customers to trade popular coins such as Bitcoin and Ethereum on its platform. The move would make it one of the largest securities brokerages to allow cryptocurrency trading, according to anonymous sources familiar with the firm’s plans interviewed by Bloomberg.

MoneyGuide

MoneyGuide, eMoney battle for financial planning software crown. Two of the most successful fintech companies are racing to redefine the way advisors interact with clients.

MoneyGuide and eMoney are battling to capture technology budgets as companies across the financial services industry try to move away from product sales in favor of providing financial wellness, comprehensive wealth management or holistic financial advice.

Interactive Brokers

Online trading major Interactive Brokers Group, Inc. (IEX:IBKR) has unveiled its plans to introduce a feature that will consolidate Scanners and Watchlists into a single tool that provides multiple methods to create and update one’s instrument list.

Watchlists and Market Scanners both result in lists of contracts, but are created differently. Watchlists are user-defined, static lists. Scanners are criteria-driven dynamic lists that can be refreshed with the click of a button.

Broadridge Financial Solutions

Broadridge Financial Solutions has taken a major step to expand its front-to-back wealth management capabilities via the acquisition of Rockall Technologies, a provider of securities-based lending (SBL) and collateral management solutions for wealth management firms and commercial banks.

Rockall’s collateral management technology targets financial institutions that need to “improve the performance of wealth, retail, commercial and corporate lending,” officials say. Rockall adds that its technology attempts to “streamline collateral management,” and act as a “safeguard against credit risk and enhance lending.”

Find details here.

Schroders

investIQ, a digital tool developed by Schroders alongside behavioural scientists, combines the science of behavioural finance and investment education, which aims to enable Citi clients to better understand how their personality could impact their investments. It will be exclusively available to Citi clients in Singapore, Malaysia, United Arab Emirates, the United Kingdom, Thailand, Indonesia, Philippines and Poland in the first half of 2019. It will be gradually rolled out in more Asian markets in the second half of 2019.

Envestnet

Envestnet (NYSE: ENV), a leading provider of intelligent systems for wealth management and financial wellness, announced Envestnet Advisor Analytics, a series of new analytical tools that will empower financial advisors to make better, data-driven decisions and ultimately drive more productivity.

The new offering will be available on Envestnet Intelligence, which is Envestnet’s omni-channel platform that includes desktop, mobile, voice, notification and alerting channels. This platform leverages artificial intelligence and machine learning, natural language processing, and an advanced data analytics engine, which enables advisors to easily answer key business questions.

Thomson Reuters

IBM and Thomson Reuters announced a joint collaboration to help banks address ever-growing regulatory requirements through the powerful combination of artificial intelligence (AI) and real-time regulatory insights.

IBM and Thomson Reuters Regulatory Intelligence will now offer financial institutions access to a RegTech solution delivered from the IBM Cloud that features real-time financial services data from thousands of content sources. Backed by the power of AI and domain knowledge of Promontory Financial Group, the collaboration will enable risk and compliance professionals to keep pace with regulatory changes, manage risk and reduce the overall cost of compliance.

Guideline

Guideline is partnering with Brex to support startups and small businesses.

Guideline started with the goal of creating a modern and affordable approach to retirement planning that works for businesses of every size, with an emphasis on startups and small businesses. They’ve partnered with Brex to provide Guideline’s clients with more tools to make running their business even easier. Brex is the first credit card for startups and modern businesses, with higher limits, no personal guarantee or security deposit required, and the most competitive rewards program on the market.

AdvisorEngine

AdvisorEngine announces new, deeper Junxure integrations.

AdvisorEngine, the current owner of Junxure, announced the integrations Thursday, which include heavy-duty application programming interface work in collaboration with Orion Advisor Services as well as Constant Contact and MyRepChat. Meant largely to help power advisory firms’ marketing and communication efforts with prospects and clients, the integrations will allow simultaneous access of CRM and portfolio data.


Contributed by Vasyl Soloshchuk, CEO and co-owner at INSART, FinTech & Java engineering company. Vasyl is also the author of WealthTech Club, which conducts research into Fortune and Startup Robo-advisor and Wealth Management companies in terms of the technology ecosystem.