Signals wealthtech news

WealthTech Weekly: August 5, 2022

Welcome to the news highlights of this week.

What’s going on: Envestnet teams up with Nickelodeon, VRGL taps BridgeFT’s API, Clearco rides the Canadian job cut wave, Croesus has a new VP, Credit Fair nets $10M, Allfunds buys an ESG platform, and WealthTech M&As break through record numbers. Let’s take a closer look at the market.

Big names, new names

Yes, you’ve read it right. Envestnet partners with Nickelodeon to zoom in on the business life of Mr. Krabs, a character from the iconic SpongeBob SquarePants animated series. The move is part of Wealthtech’s new interactive brand campaign, where advisors will explore various series-based scenarios and how they affect Mr. Krabs’ finances. Claws up for Krabs!

Read more here.

krabs

By Ruined Childhood on Tumblr 

BridgeFT’s API will help VRGL’s wealth managers to have a clearer view of their clients’ financial picture. By receiving access to custodial and held-away accounts, VRGL will enable more smooth communication with customers and prospects for its clients.

Read more here.

 

The founders of the Canadian growth capital firm Clearco have announced cutting 125 jobs. While the last year the company relied on economic growth, the current market situation forces it to shrink its capacity. Ouch.

Read more here.

 

Croesus, a leader in Canadian WealthTech, has named Jonathan Gagnon as its VP of Software Engineering. Gagnon’s primary focus on the position will be the further enhancement of the company’s software development strategy.

Read more here.

Do you speak the language of code, business, and Fintech?
 
Let's talk

Credit Fair has gained $10M in the extended seed round led by LC Nueva AIF. The startup’s plans for this money include launching an embedded finance platform, bringing further innovation, and improving customer experience.

Read more here.

 

Allfunds will enhance its product suite with the UK ESG-focused platform MainStreet Partners. The acquisition aims to fill in the gaps in Allfunds’ ESG offering for distributors and fund houses.

Read more here.

com-razoroil

By EnergyIgnorance on Tenor

Trends

Fidelity Institutional revealed that the tumultuous market conditions couldn’t stop consolidation in wealth management. The first half of 2022 sees record activity in wealth management mergers and acquisitions.

Read more here.

Up for reading materials on Wealthtech that are not news? Check out more articles below.

Shorter TTM should come with deeper expertise, not longer checks.
Tell me how

We bring more than news 

INSART is a Fintech engineering partner who gets to the core and polishes every detail when developing Fintech solutions, integrating the best of traditions into innovations.

  • We assemble dedicated teams for Fintech projects and manage them long-term. 
  • A thorough understanding of financial concepts helps our developers build best-in-class gear. 
  • By fostering a culture of financial literacy across the company, we make our team grow professionally and improve their financial well-being. 

Fact: our expertise saves you at least 25% of the time compared to teams inexperienced in the business domain area. Contact Vasyl Soloshchuk or schedule a call with one of our tech experts to learn more. See you on the innovation side!

 

Investing, Budgeting, and Banking: Best Fintech Apps of 2023

Investing, Budgeting, and Banking: Best Fintech Apps of 2023

Fintechs face intense competition in the market coupled with macroeconomic pressures. They either evolve or die. The companies I feature in this article dig in their heels during the “crisis as usual” era. By upgrading their apps and offering new unique experiences, these Fintech market players secure their sweet spots in the world of finance.

If...

Fintechs face intense competition in the market coupled with macroeconomic pressures. They either evolve or die. The ...
More

How to Build AI-Powered Credit Scoring Software - Tips from Experts

How to Build AI-Powered Credit Scoring Software - Tips from Experts

Credit score is your multipass in the world of financial services. It helps you secure a loan, apply for a credit card, or rent an apartment. It’s a thread binding it all together in the intricate web of financial decision-making.

Today, the landscape of credit scoring is evolving, and it's not just about numbers and formulas anymore. AI, the po...

Credit score is your multipass in the world of financial services. It helps you secure a loan, apply for a credit ca...
More

How to transfer knowledge within your development team and cross-teams

How to transfer knowledge within your development team and cross-teams

When you pay your developers, you also pay for the knowledge they invest in your company. You’d be surprised how much money you lose when they leave and their expertise is gone.

Find out how to avoid such situations, build a robust knowledge transfer culture, and keep your product documentation comprehensive and clear. Discover the main challenges ...

When you pay your developers, you also pay for the knowledge they invest in your company. You’d be surprised how much mo...
More