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XY Planning Network Announces Finalists for its 4th Annual Advisor FinTech Competition

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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:

  • AltruistAltruist 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.
  • AnvilAnvil 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.
  • KnudgeKnudge 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

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Broadridge Brings Together Wealth Business Under Michael Alexander

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Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader and part of the S&P 500® Index, today announced that Michael Alexander has been appointed President, Wealth Management. In this newly created position, he will be responsible for bringing together Broadridge’s Wealth solutions into an integrated, market-leading Wealth Management business that will uniquely address Wealth Management firms’ need to transform their technology and business models. Mr. Alexander will report directly to Tom Carey, President of Global Technology and Operations.

“Mike is a recognized leader in the financial services industry and has a passion for creating leading-edge, SaaS-based wealth management solutions,” said Mr. Carey. “Mike will drive Broadridge’s efforts to enhance the advisor and client experience through a single platform that will be a foundation for the industry.”

As President of Broadridge’s Wealth Management business, Mr. Alexander will take leadership of the Broadridge Wealth Platform, the next-generation open platform that is creating a modern, best-in-class industry-level wealth management technology solution. This platform, which is at the center of a recently announced sale to UBS, enables wealth managers to drive their business to the next level while mutualizing investments in technology, innovation and security. With the Broadridge Wealth Platform, firms will be able to deploy an integrated front-, middle-, and back-office solution that optimizes Financial Advisor productivity, creates a richer client experience and digitizes enterprise-wide operationsBroadridge Wealth Management also offers market-leading component solutions for Advisor Websites, Data Aggregation, Performance Reporting, Corporate Actions, and back- and middle-office Managed Services, among others.

Since joining Broadridge in 2006, Mr. Alexander has taken on roles of increasing responsibility in both technology platforms and managed services. In these roles, he has led numerous complex client engagements and successful acquisitions.

Prior to joining Broadridge, Mr. Alexander was Senior Vice President of Operations at Charles Schwab. He is a member of the SIFMA Operations and Technology Steering Committee.

 

SOURCE Broadridge Financial Solutions, Inc.

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Bajaj Housing Finance Limited Bags the BFSI Digital Innovation Awards 2020 for Cloud Solutions

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Bajaj Housing Finance Limited (BHFL), a 100% subsidiary of Bajaj Finance Limited, has won the ‘BFSI Digital Innovation Award’ for Cloud Solutions at the recently held Express BFSI Technology Conclave and Awards 2020.

Organised by the Express Computer, an IT business magazine from the Indian Express Group, the BFSI Technology Conclave and Awards, is one of the largest congregation of IT decision-makers, senior executives and partners in India. The event, held in Pune from January 24th-25th, 2020 witnessed the best from the BFSI sector participate as speakers and share their views on the way ahead for one of the biggest financial markets in the world.

The conclave ended with the BFSI Digital Innovation Awards which were given away to Indian Banks or Indian subsidiaries of MNC BFSI institutions in the BFSI industry that demonstrate the innovative use of a particular technology or a combination of technologies for distinct business benefit. There were 13 distinct categories – like Big Data, Enterprise Mobility, Data Center, Cloud, Artificial Intelligence, Enterprise Security, Blockchain and Enterprise Application among others.

The participants were judged on their effectiveness of deploying a completely new solution or innovative use of existing technology to gain a competitive edge, improve operations, become more responsive to customers and partners or, simply, to add to the top or bottom line.

Sharing his delight at the occasion of winning the award for excellence in Cloud, Atul Jain, Chief Executive Officer- Bajaj Housing Finance Limited said, “It is indeed a proud moment for all of us at BHFL and would like to congratulate the entire team for helping us achieve this prestigious recognition at the Express BFSI Digital Innovation Awards 2020. Since inception, our core mission has always revolved around providing the best experience for our customers through innovation and customer engagement.”

 

SOURCE Bajaj Housing Finance Limited

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LiteLink Technologies Subsidiary uBUCK Technologies Completes Second Tranche of Private Placement to Fuel Growth

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LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its subsidiary uBUCK Technologies SEZC (“uBUCK”) has closed the second tranche of a non-brokered, non-dilutive private placement previously announced on September 23, 2019.

Under the second tranche, uBUCK issued 1,000,000 preferred shares at a price of US$0.50 per share for gross proceeds of US$500,000. Under the terms of the offering, uBUCK expects an additional minimum investment of US$1,500,000 will be made in exchange for 3,000,000 preferred shares at a price of US$0.50 per share by June 30, 2020.  The investor will also have the option to invest an additional US$2,500,000 for a total of 8,000,000 preferred shares at a price of US$0.50 per share by September 30, 2021.

Along with the first tranche closing announced September 30, 2019, uBUCK has now raised a total of US$900,000.

uBUCK intends to use the gross proceeds of the private placement to complete the development of the uBUCK and Streambucks digital wallets, accelerate growth, increase customer acquisitions, and conduct additional product testing.

Because the private placement was made directly into a subsidiary of LiteLink, it is non-dilutive to LiteLink shareholders. The transaction is subject to all necessary regulatory and stock exchange approval.

The preferred shares come with first rights to dividends of 6% (of the amount invested) and first claims to assets up to the investment in case of liquidation. Upon closing of this tranche, the investor will own 3.6% of uBUCK.

 

SOURCE LiteLink Technologies Inc.

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