Fintech
XY Planning Network Announces Finalists for its 4th Annual Advisor FinTech Competition
XY Planning Network (XYPN) announced today that six finalists have been selected to compete in its 4th annual FinTech Competition on Tuesday, September 10, 2019 during XYPN’s annual conference, #XYPNLIVE in St. Louis, Missouri. XYPN’s FinTech Competition provides start-up advisor technology firms focused on improving the delivery of financial planning services to Gen X and/or Gen Y clients with a venue to showcase their innovative solutions to the financial advisory industry. This year’s competition, which drew nearly 30 company submissions, is sponsored by the 2016 FinTech Competition winner, Snappy Kraken.
At this year’s conference, the finalists will introduce and promote their tech offerings in front of a full audience and a panel of expert judges, including technology guru Bill Winterberg of FPPad and Michael Kitces, co-founder of XYPN. The six 2019 finalists include:
- Altruist: Altruist is a digitally native RIA custodial platform that allows RIA firms to run their businesses entirely online, thereby helping advisors do their best work with less effort. The platform enables advisors to open client accounts through the Altruist mobile app, build and trade model portfolios with no commissions or AUM fees, and offer clients ETFs and equities with AI-powered tax sophistication, rebalancing, and fractional shares.
- Anvil: Anvil converts document-based processes into simple online workflows, allowing advisors to gather client information once and use Anvil to pre-fill important paperwork. Designed to limit the time advisors spend copy and pasting information, Anvil allows them to use that time to service their clients.
- College Aid Pro: Created by Capstone College Partners and College Funding Services, College Aid Pro helps advisors work with their clients to plan for and manage their future and current college tuition payments. Advisors can use College Aid Pro to model relevant information in 10-15 minutes that forecasts financial aid packages for all four years of schooling at over 2,000 colleges, allowing the advisors to develop and deliver holistic college planning advice.
- Holistiplan: Holistiplan is a tool that can read a tax return and provide advisors with a two-page client-ready report that includes helpful metrics and potential planning observations. The initial iteration of this platform will focus on evaluating 2018 tax returns to generate planning ideas for clients. Future versions of Holistiplan will focus on reading and analyzing insurance documents, including P&C declaration pages.
- Knudge: Knudge is a shared to-do list platform for advisors and their clients that provides information on what tasks have been completed by each party, and sends automated reminders for outstanding items. Designed to increase accountability, Knudge ensures that clients are tackling their action items so the advice delivered by their financial advisor can be properly implemented.
- NEXA Insights: NEXA Insights is a client survey tool enabling advisors to access insights from their clients in a non-threatening, non-intimidating manner. The platform guides advisors through the survey development process and enables them to distribute the survey to clients and gather feedback in a quick and simple fashion.
“The XYPN FinTech Competition is truly an embodiment of the Network’s core mission to support and encourage the innovation of new solutions to help our advisors better serve next gen clients. It is unbelievably rewarding to support these solutions and we hope to see substantial impact in the industry’s ability to bring real financial planning expertise to the next generation,” says Alan Moore, CEO and co-founder of XY Planning Network.
“This year’s competition at #XYPNLIVE will give these creative advisor FinTech companies the opportunity to showcase their innovations, and get the visibility and early adopters they need to survive and thrive as startups,” adds Michael Kitces, co-founder of XY Planning Network and publisher of the Nerd’s Eye View blog, which covers advisor FinTech developments. “We’re proud to help advance FinTech innovation in the financial advisor industry by providing XY Planning Network as a launchpad to help new FinTech firms get launched.”
This year’s winner, selected by the FinTech Competition judges at #XYPNLIVE, will be profiled and announced in a press release by PR agency FiComm Partners. Additionally, the winning firm will be featured in an exclusive interview on #XYPNRadio, with a dedicated XY Planning Network blog post, as well as an article on Kitces.com and a promotional video and feature on FPPad.com by Bill Winterberg. Past winners of XYPN’s FinTech Competition include digital onboarding tool Mineral Interactive, which has since been acquired by Carson Group, digital 401(k) provider Vestwell, and digital marketing firm Snappy Kraken.
“Technology is changing the game for advisors and the way they run their practices. The XYPN FinTech Competition embodies this by providing technology vendors the opportunity to showcase how advisors can become more efficient and solve the pain points they are facing,” said Jud Mackrill, Mineral Co-Founder and Carson Group CMO. “#XYPNLIVE is a unique event allowing advisors and technology vendors to come together to discuss the issues plaguing advisors today which vendors are aiming to solve for tomorrow.”
SOURCE XY Planning Network
Fintech
Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Fintech
Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
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Fintech
Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation
Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.
1. European Fintechs Face Regulatory Pressures Amid New Investment Surge
The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.
Source: Financial Times
2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push
Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.
Source: Yahoo Finance
3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East
Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.
Source: Fintech Global
4. Apollo Global Management Invests in Fintech for Private Offerings Support
Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.
Source: Bloomberg
5. Juniper Research Names 2025’s Future Leaders in Fintech
Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.
Source: Globe Newswire
Conclusion
The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.
The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.
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