BridgeFT, an API-first, cloud-native wealth infrastructure software program firm that permits monetary establishments, Fintech innovators, and registered funding advisors to ship higher, data-driven outcomes for his or her shoppers, introduced that the whole belongings underneath administration powered by BridgeFT’s WealthTech API throughout its shopper community grew by “greater than 100% in 2023.”
That is reportedly the primary full 12 months “since WealthTech API was made obtainable to corporations and fintech corporations searching for an API-first method to dealing with multi-custodial knowledge.”
Joe Stensland, Chief Govt Officer of BridgeFT, mentioned:
“This was a 12 months of unimaginable progress and business validation for our WealthTech-as-a-Service platform. Within the first 12 months of WealthTech API’s launch, we’ve got been honored to work with a number of the most progressive and forward-thinking corporations throughout the wealth administration panorama to get their very own choices to market quicker, extra successfully, and in a price range pleasant method.”
BridgeFT’s WealthTech API is reportedly “the business’s first WealthTech-as-a-Service platform, providing a single, open API to trade-ready, multi-custodial knowledge, analytics, and utility providers.”
BridgeFT’s WealthTech API empowers shoppers “to reimagine the potential of their monetary knowledge and expertise stack by eradicating the necessity for particular person knowledge feeds from a spread of custodians and back-office suppliers, permitting wealth administration corporations and fintech corporations to create differentiated, next-generation functions.”
Custodians maintain a spread of knowledge that drives “the funding ecosystem, from positions and balances to shopper holdings and trades.”
Every custodian has its “personal knowledge coverage, construction, and techniques, forcing fintech corporations and different monetary establishments to construct customized applications to ingest the information. This provides each growth time and value.”
By simplifying entry to the underlying knowledge, WealthTech API “permits monetary innovators to rethink and streamline their very own tech stacks and create differentiated instruments and options for their very own shoppers utilizing BridgeFT’s functions and developer-to-developer assist.”
Over the previous 12 months, BridgeFT has loved “broad growth of its enterprise.”
Highlights embody:
Dynasty Monetary Companions chosen BridgeFT’s WealthTech API “as its major custodial knowledge associate to energy Dynasty’s built-in wealth expertise choices throughout the Dynasty Community.”
Along side this partnership, Dynasty and its choose associates “made a strategic minority funding in BridgeFT.”
BridgeFT launched its WealthTech API Market, which “provides shoppers entry to the corporate’s curated group of expertise suppliers which are reshaping wealth expertise by delivering utility providers which are pre-integrated with BridgeFT’s WealthTech API infrastructure.”
Preliminary companions within the Market “embody Yayati, a quantitative funding expertise firm providing wealth personalization infrastructure for enterprises to construct scalable advisor workflows and shopper funding experiences, and Intrinio, a full-service monetary knowledge supplier.”
As famous within the replace, BridgeFT is “a cloud-native, API-first Wealth Infrastructure software program firm that permits monetary establishments, FinTech innovators, TAMPs, and registered funding advisors to ship higher, data-driven outcomes for his or her shoppers.”
Monetary providers corporations and expertise corporations reportedly “belief BridgeFT to energy their digital wealth administration ecosystems and automate vital back-office operations—seamlessly aligning important wealth knowledge, proactive shopper insights and reporting, and portfolio administration automation to ship a really personalised shopper expertise.”
