Apex partners with Unifimoney to enhance custody and wealth management services
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Apex partners with Unifimoney to enhance custody and wealth management services 19 December 2022US Reporter: Jenna Lomax
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Apex Fintech Solutions (Apex) and digital wealth management platform Unifimoney have partnered to enhance their custody and wealth management services, respectively.
The mandate will allow community banks’ and credit unions’ account holders access to Apex Clearing Corporation’s digital clearing and custody engine and Unifimoney’s turnkey digital wealth management platform.
Apex Clearing Corporation, a subsidiary of Apex Fintech Solutions, provides clearing and custody services to brokerage firms.
Unifimoney is already integrated into a number of online banking platforms including Jack Henry Banno, Q2 and soon Alkami.
Clients on these platforms can expect to deploy Unifimoney in less than three days, with a no-code configuration on their online banking portal.
Oklahoma-based First Fidelity Bank is the first customer to go live with the service.
Connor Coughlin, general manager of fintech at Apex, says: “Community banks and credit unions are the backbone of the US economy. As demand increases from these community financial institutions, we are pleased to collaborate with Unifimoney to further extend their existing services and empower more consumers on their long-term wealth management journeys. Unifimoney’s turnkey approach and exceptional user interface provides an incredibly compelling way to achieve this.”
Ben Soppitt, co-founder and CEO of Unifimoney, adds: “We took great care and time in choosing the brokerage platform needed to support what are some of the most heavily regulated financial companies in the world.
“Apex stood out with its deep market experience, broad product mix and robust compliance procedures as well as their understanding of and passion for credit unions and community banks.”
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