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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
Airwallex launched Airwallex POS Payments, a physical point-of-sale device.
The device will enable physical, in-store payments that integrate with Airwallex’s broader commerce stack.
The new launch helps Airwallex compete with Square and Stripe, but Airwallex has an advantage in regions where it holds banking licenses.
While the rest of the payments world is racing toward agentic payments, Airwallex is bringing its focus back to the physical world. The Singapore-based company announced this week that it has launched Airwallex POS Payments, a physical point-of-sale (POS) device.
The new, physical device integrates with the company’s commerce stack to unify online and in-store payments. Bringing everything together will help merchants offer consistent payment flows, reporting, and customer experiences across multiple channels. Enterprise retailers will gain more visibility and control across channels, while SaaS platforms will gain the ability to embed in-store payments directly into their products.
“By extending our global financial platform to the physical countertop, we’re bringing online and in-store payments together, reducing the fragmentation that has long held in-store payments back, and giving enterprises a truly global foundation for growth,” the company said in its announcement.
Adding physical POS devices places Airwallex directly in competition with Square, a pioneer in the mobile POS hardware space, and Stripe, which offered to acquire Airwallex in 2019 for $1.2 billion. Airwallex has an advantage over these two legacy players in certain regions, however. In Japan, for instance, where the company holds a banking license, the fintech owns both the backend banking infrastructure, as well as the front-facing software. So when a merchant is paid, Airwallex can hold the funds instead of having to transfer them to the merchant’s primary bank account.
Founded in 2015, Airwallex holds nearly 90 regulatory licenses and permits across 50 markets that enable customers to operate in 200+ countries and regions and support multi-currency checkout at scale. In 2025 alone, the company extended its regulated and local capabilities across 12 new markets, securing licenses and launching products in France, the Netherlands, Israel, Canada, Korea, Japan, New Zealand, Malaysia, Vietnam, Brazil, Mexico, and the UAE.
The new POS payments device is now available across the UK, Europe, Hong Kong, and Singapore, with plans to launch in Australia and the US, where it currently serves 46,000 businesses.
eToro has acquired self-custodial wallet provider Zengo to deepen its digital asset capabilities and expand into on-chain finance.
The deal brings keyless wallet infrastructure in-house, positioning eToro to move beyond trading into custody, authentication, and transaction control.
As crypto evolves into infrastructure, owning the wallet layer could determine who controls the customer relationship.
Social trading and investment network eToroannounced it has acquired self-custodial crypto wallet provider Zengo for an undisclosed amount. eToro plans to leverage the acquisition to deepen its digital asset capabilities and bridge traditional finance with on-chain infrastructure.
Zengo was founded in 2018 and offers a crypto wallet with buy, sell, and swap capabilities to both individual and commercial users. The Israel-based company positions itself as a secure crypto wallet, offering Bitcoin vaults, theft protection, a Web3 firewall, and enterprise-grade compliance and controls for commercial users. Notably, Zengo is a pioneer in multi-party computation cryptography and is known for its keyless wallet architecture.
“We believe the future of finance will be increasingly digital, decentralized, and user-controlled, with self-custody playing an important role in that evolution,” said eToro Co-founder and CEO Yoni Assia. “Zengo has built an innovative and secure wallet experience, and this acquisition will enable us to accelerate its growth while continuing to provide users with choice in how they access digital assets.”
eToro will combine its multi-asset platform with Zengo’s non-custodial wallet technology to expand on its own digital asset capabilities while growing Zengo’s platform. “From day one, Zengo has focused on making self-custody simple and secure for everyday users,” said Zengo Co-founder and CEO Ouriel Ohayon. “Joining eToro allows us to accelerate that mission at a global scale. Together, we can expand access to self-custody and on-chain finance while connecting it to a broader investing ecosystem that bridges traditional and on-chain finance.”
Founded in 2007, eToro launched Bitcoin trading capabilities in 2013, but didn’t launch a dedicated crypto trading platform in the US until 2019. Today’s acquisition will help eToro expand into tokenized assets and emerging decentralized trading models such as prediction markets and perpetuals.
As the banking world increasingly normalizes decentralized finance, it may no longer be enough for fintechs and investment firms to simply offer traditional finance investing tools, especially as crypto evolves from an asset class into infrastructure.
By acquiring Zengo, eToro is positioning itself to participate more directly in on-chain activity, rather than simply offering access to facilitate trades. The deal is another example of fintechs pushing deeper into infrastructure. Self-custody wallets are emerging as the interface layer for on-chain finance. By bringing that capability in-house, eToro is positioning itself to control digital assets, storage, authentication, and transactions.
Financial services are growing more complex, which means that risk, compliance, and governance are no longer simply back-office functions. These services, which were once considered “boring” aspects of fintech, are now core to how banks and fintechs operate, compete, and scale. From evolving regulatory expectations to increasingly sophisticated fraud and operational risks, financial institutions are under constant pressure to maintain control while continuing to innovate.
At FinovateSpring 2026, a new group of companies is demonstrating how banks can modernize governance, streamline compliance, and better manage risk across the organization. Below are five companies helping banks move toward a more proactive, automated, and scalable approach to risk, compliance, and governance.
CRIF delivers a broad suite of credit bureau services, analytics, and decisioning platforms that help financial institutions make smarter, faster, and more transparent lending decisions. Its technology enables banks and lenders to design, test, and deploy credit strategies with greater speed and control, combining data, analytics, and governance into a single framework.
The platform offers no-code strategy design for business users, real-time simulations with KPI validation, and embedded AI agents that support compliant and explainable decisioning. Headquartered in Italy and founded in 1988, CRIF serves banks, credit unions, fintechs, and lenders globally, helping them modernize credit risk management while maintaining regulatory confidence.
Rulebase helps financial institutions scale compliance by automating testing and quality assurance across customer interactions and internal workflows. Its platform continuously monitors activity, detects potential violations, and generates audit-ready evidence, enabling teams to move beyond manual reviews and point-in-time checks.
By improving speed and accuracy while reducing regulatory risk, Rulebase allows organizations to focus on high value activity while maintaining compliance. Founded in 2025 and headquartered in New York, the company offers a modern approach to embedding compliance directly into day-to-day operations.
Winnow helps financial institutions simplify and streamline compliance by replacing manual research and fragmented processes with a centralized, easy-to-use platform. Its solution delivers tailored, attorney-reviewed regulatory guidance, enabling organizations to quickly understand and meet their compliance obligations without the time and cost of traditional methods.
By reducing complexity and improving accuracy, Winnow allows teams to spend less time interpreting regulations and more time executing against them. Founded in 2018 and headquartered in Anaheim, California, Winnow provides a more efficient path to staying compliant in a complex regulatory environment.
The Electronic Guardian offers a secure digital repository designed to help individuals organize, protect, and transfer critical financial and personal information. Its platform, The Coop, consolidates important documents and assets into a centralized system that evolves into a comprehensive estate inventory, supporting legacy planning and asset continuity.
Built with private encryption and “at rest” recoverability, The Coop ensures sensitive information remains both secure and accessible when it matters most. Founded in 2019 and headquartered in Pittsburgh, The Electronic Guardian enables banks, credit unions, and insurance providers to offer added value through estate organization and long-term asset protection solutions.
Model IQ, developed by Kevin D. Oden and Associates, is an automated platform designed to help financial institutions manage model risk and meet stringent regulatory requirements. Built by quants, the solution streamlines compliance with SR 11-7, FDIC, and NCUA guidelines by bringing structure, speed, and consistency to the model risk management process.
The platform automates the entire model lifecycle to accelerate review timelines while improving accuracy and audit readiness. Founded in 2018 and headquartered in San Francisco, Model IQ serves financial institutions ranging from community credit unions to regional banks and fintechs, offering a scalable approach to governance in an increasingly model-driven industry.
Why banks should care
Risk, compliance, and governance are central to a bank’s operations, directly impacting an organization’s ability to scale. As banks adopt AI, expand digital channels, and operate across increasingly complex regulatory environments, the volume and velocity of risk has increased to a point where manual processes and siloed systems can’t keep up.
Platforms that automate compliance testing, improve decision transparency, and streamline model risk management offer banks a way to stay ahead of regulators while operating more efficiently. Just as importantly, they reduce the operational burden on internal teams.
For end users, having a place to store and manage their key documents can be crucial for both security and organization. Financial institutions that offer tools like this as a benefit will not only add a revenue stream, but will also give clients another reason to associate them with safety and security.
Synctera has acquired Cable to add real-time compliance monitoring and automated control testing to its BaaS platform.
Cable enables continuous, end-to-end oversight of fintech programs, replacing traditional point-in-time compliance checks.
Financial terms of the deal were undisclosed.
In the BaaS world, compliance is quickly moving from a box-checking exercise to a continuous, provable requirement. That’s why embedded finance and BaaS fintech Synctera has acquired financial risk control platform Cable.
From Finovate’s perspective, this is a fun announcement to see, as both companies have demoed at Finovate in the past. Cable showcased its Automated Assurance product at FinovateFall 2022. Two years later, Synctera demoed its platform at FinovateFall 2024.
UK-based Cable was founded in 2020 to offer a financial risk control platform with automated testing and real-time alerts that help clients manage, track, and have full oversight of the controls. Cable works in conjunction with a firm’s existing compliance infrastructure to test whether controls, such as KYC, transaction monitoring rules, AML, and other workflows are functioning as designed.
“Synctera has always focused on helping banks and fintechs build and scale responsibly,” said Synctera Co-founder and CEO Peter Hazlehurst. “But execution alone isn’t enough. Banks need visibility into how those systems are performing in real time. Cable provides that missing observability layer, giving our partners confidence that controls are working as intended across their entire fintech ecosystem. Most solutions in this space are theater. Cable isn’t.”
While Cable initially launched to help firms manage financial crime, Cable has since doubled down on helping partner banks, including Axiom Bank, Quaint Oak Bank, and Griffin, manage their fintech programs. Instead of taking a sampling-based approach that only offers a snapshot in time, Cable helps sponsor banks approach compliance with continuous, end-to-end oversight of their fintech programs.
“Banks are being asked to stand behind the performance of increasingly complex fintech ecosystems,” said Natasha Vernier, co-founder of Cable. “That requires a fundamentally different approach: one that is continuous, data-driven, and verifiable. We built Cable to meet that need, and joining Synctera allows us to bring that capability to a much broader market.”
Once the acquisition is finalized, the Cable team will join Synctera to build out the compliance infrastructure banks and fintechs need to operate responsibly. Cable will also continue to serve its existing client base and will be available as a standalone offering.
As partner bank–fintech relationships scale, traditional oversight that only offers a point-in-time snapshot is no longer sufficient to meet regulatory expectations. Instead, banks are being pushed toward continuous, real-time visibility into how controls are performing across their ecosystems. By integrating Cable’s automated testing and monitoring capabilities, Synctera is positioning itself as not just execution infrastructure, but also as a built-in verification tool.
Round has raised $6 million and announced the launch of agentic workflow and autonomous payroll tools to automate treasury, AP, and payroll.
The company combines AI-driven automation with owned payment infrastructure to fully execute finance teams’ money movement commands.
By sitting in the flow of funds, Round introduces new competition for banks, treasury management system providers, and fintechs.
Treasury management company Round has closed $6 million in seed funding this week, boosting its total funding to $8.1 million. The London-based fintech is also unveiling two new products: Agentic Workflow Builder and Autonomous Payroll.
Today’s round was led by Alstin Capital. Existing investors including Passion Capital, along with new investors Backed VC and Love Ventures, as well as angel investors, also contributed. Uniquely, Round’s own clients also invested. Around 10% of the company’s customer base contributed to today’s round.
“We are building for the finance team of the future, one that understands the importance of automation to keep up with the pace of modern companies. AI tools are rapidly being deployed across the industry and finance teams do not need to be left behind,” said Round Cofounder Hayyaan Ahmad.
The company will use today’s funding to accelerate product development, expand its engineering and go-to-market teams, deepen integrations across banks and accounting systems, and scale its existing infrastructure. Round also has plans to launch community-focused events such as hackathons, hands-on workshops, and webinars.
Round’s new Agentic Workflow Builder, which is currently in early access, builds a workflow based on a natural language description. It allows finance teams to run workflows autonomously that previously required an employee. The Agentic Workflow Builder can run 24/7 and notify teams via Slack, WhatsApp, or email if something needs attention.
Similarly, Autonomous Payroll essentially helps payroll run itself, autonomously pulling funds and executing the payment on schedule. It eliminates the need for finance teams to log into multiple systems to make payroll each month.
Treasury, payroll, and accounts payable have historically been fragmented across banks, ERP systems, and manual workflows. By combining agentic AI with owned payment infrastructure, Round is aiming to collapse those layers into a single, autonomous system.
Round was founded in 2023 to reduce the manual work involved in treasury management by automating workflows. The company automates treasury, accounts payable, and payroll to save finance teams the manual, repetitive work involved in moving funds around to optimize yield.
Round differentiates itself from other automated workflow platforms because it owns and manages the infrastructure involved, such as wallets and payment rails. Clients can leverage that infrastructure, along with Round’s machine learning and intelligence to set rules for approval thresholds, payment schedules, and cash minimums, to ensure payroll obligations are met, and that idle cash is invested appropriately. Since launching its first automated workflows less than a year ago, Round has processed over $500 million.
With Round owning the infrastructure, banks, legacy treasury providers, and even fintechs face a new type of competition. Traditional treasury management systems such as Kyriba offer visibility and controls, but often rely on integrations with external banks and require manual execution. Newer fintechs like Ramp, Brex, and Airbase offer spend management and accounts payable tools, but do not offer full autonomous fund movement.
Moving forward, Round’s challenge will be client trust and regulatory oversight. While finance teams may be willing to automate workflows, they may be less willing to fully automate money movement, especially when it comes to payroll.
There may be April showers out your window, but the fintech landscape is all flowers this week. Take a look at all of the highlights from fintech funding, product developments, partnerships, and more below. We’ll continue to add more announcements as the week progresses.
Payments
Gr4vysupports agentic payments through orchestration and launches development kit to prepare merchants for AI commerce.
AdyenlaunchesIntelligent Money Movement to unify enterprise payments, liquidity management, and payouts.
GoCardlessgrows 22% in 2025, records first quarter of profitability.
Wiseplans to move public listing from London to Nasdaq in May.
Binance is adding prediction markets via a partnership with Predict.fun to enable one-click, fee-free bets on real-world events using existing account balances.
The move raises regulatory and ethical concerns, as prediction markets blur the line between forecasting and gambling and operate with limited oversight.
The move opens a new revenue stream while attracting retail users interested in event-based trading and deeper platform engagement.
Digital asset exchange platform Binance is adding a new revenue stream today. The Cayman Islands-based company has added prediction markets to the Binance App, allowing users to place bets on real-world outcomes across categories.
Binance has teamed up with Predict.fun, a forecasting platform that will host prediction markets on Binance’s platform. The newly integrated prediction markets will offer one-click, fee-free access, with no complex onboarding required. Users will be able to use their Spot and Funding Account balances.
“Prediction markets allow participants to take positions on future outcomes across areas like sports, economics, world events, culture, and crypto,” the company said in its announcement. “Each outcome (Yes and No) is represented by a share priced between $0.01 and $0.99, representing the collective belief of participants on the outcome’s likelihood — for instance, a share priced at $0.80 in a sufficiently deep market would suggest an 80% chance of the outcome occurring.”
As with all moves in the prediction markets space, the launch is not without controversy. Aside from the fact that Binance’s prediction market operates outside the supervision of any financial regulatory authority, prediction markets in general have a reputation for blurring the line between informed forecasting and speculative gambling, especially when tied to sensitive real-world events such as elections or geopolitical outcomes. Additionally, prediction markets are prone to manipulation, may incentivize undesirable behavior (especially among young men), and often lack the regulatory safeguards seen in traditional financial products.
By integrating prediction markets directly into its app, Binance is making it easier for its target market of young men to participate, while also inviting greater regulatory attention at a time when global authorities are already tightening oversight of both crypto platforms and event-based trading.
Binance isn’t the first player in the crypto market to add prediction markets to its platform. US-based Coinbaselaunched prediction markets in partnership with Kalshi four months back, while Crypto.com unveiled a standalone prediction market platform, OG, aimed at sports enthusiasts three months ago.
Overall, Binance’s new prediction markets offering opens up a potentially lucrative revenue stream while also serving as a powerful user acquisition tool, particularly among a growing group of retail traders drawn to event-based speculation.
Gusto acquired compliance platform Mosey to embed small business compliance tools into its payroll and HR platform.
The purchase allows Gusto to integrate state and local business registration, filings, and ongoing compliance directly into its platform that serves 400,000 small businesses.
Mosey will help Gusto attract compliance-first customers while adding value via new upsell opportunities.
Payroll, benefits, and HR management solutions company Gusto has acquired business compliance platform Mosey. Financial terms of the deal were not disclosed, but Gusto plans to leverage Mosey to help its customers manage their compliance obligations.
Mosey was founded in 2021 to help small business owners avoid common compliance pitfalls such as hiring without the right legal setup, configuring payroll incorrectly, and missing tax deadlines. “I started Mosey because I’d made every compliance mistake myself, and then I watched thousands of other businesses make the same ones,” said Mosey Founder Alex Kehayias. “The problem isn’t that small business owners don’t care about compliance, it’s that they shouldn’t have to become experts in it. Joining Gusto means we can bring that vision to the millions of small businesses that need it most.”
“Building a business is hard enough without compliance getting in the way,” said Gusto Co-Founder and Chief Product Officer Tomer London. “With Mosey now part of Gusto, we can do what Gusto has always done: take complexity off the plate of small business owners so they can focus on what they actually started their business to do. This is a natural extension of our vision to be the platform that helps small businesses start, hire, and grow.”
Acquiring Mosey will allow Gusto to offer state and local registration, filings, renewal, and ongoing compliance management directly within its own platform. Once integrated, Gusto’s 400,000+ small business clients will be able to hire, pay their teams, and manage their compliance obligations from a single place.
Specifically, Gusto will add:
State and local business registrations
Entity management, ongoing filings and renewals
Resolving agency mail
Real-time surfacing of new compliance obligations as businesses grow or expand to new states
Strategically, Gusto will be able to use Mosey’s technologies to attract clients seeking compliance strategies, but not necessarily HR capabilities. Additionally, it will allow Gusto to cross-sell Mosey’s compliance capabilities to its existing customer base.
This is another case of “rebundling” fintech, in which fintech platforms are piling on more capabilities to their long-standing platforms in order to add value and create a broader, more encompassing ecosystem for clients. The deal comes eight months after Gusto acquired retirement specialist Guideline to offer 401(k) retirement plans through its platform.
Gusto, originally known as ZenPayroll, was founded in 2011 and provides a cloud-based payroll, benefits, HR management, and business financial management solution. If the San Francisco-based company continues down its current path of expansion, it may eventually offer corporate credit cards and business banking tools.
OnePay is partnering with Workday Wellness to embed banking, investing, and credit tools directly into employer HR and benefits platforms.
The integration shifts financial wellness from a passive benefit to an in-workflow experience, helping employers drive engagement and usage.
The partnership will also bring Enhanced Direct Deposit Switching (EDDS) to simplify payroll routing while helping OnePay acquire new customers and capture more deposits.
Walmart-owned digital banking platform OnePay is reaching more customers through its new partnership with Workday Wellness
The New York-based company has become a Workday Wellness partner for financial benefits. Under the agreement, Workday Wellness will integrate OnePay services with Workday Wellness to allow employers to bring OnePay’s banking, investing, credit building and other financial tools into the Workday experience.
Workday Wellness is owned by Workday, an enterprise AI platform for managing people, money, and AI agents. The company’s tools are used by more than 11,500 organizations across the globe, including more than 65% of the Fortune 500.
Workday Wellness offers employers a real-time view of which benefits their employees actually use and advises them on how to improve their offerings. Bringing OnePay’s financial tools into that experience will move financial wellness from a passive benefit to an embedded part of the employee experience, making it easier for workers to take action in real time and for employers to drive measurable engagement.
“Financial stress doesn’t disappear at the office door. Employers today know that when their employees stress about their finances, it directly affects their business. We’re partnering with Workday to bring comprehensive money tools into the systems employees already use every day,” said OnePay Chief Commercial Officer Thomas Hoare. “These tools are designed for simple rollout by employers and ease of use by employees, with the goal of helping people reduce stress and make real progress.”
For OnePay, embedding its financial tools within Workday Wellness will offer an advantage because it will meet end consumers where they already are within payroll, benefits, and HR. For employers, the integration helps close the gap between offering financial wellness benefits and actually driving usage by making financial wellness tools more visible, accessible, and actionable.
The partnership will also bring Enhanced Direct Deposit Switching (EDDS), a tool that allows employees to instantly set up or change payroll deposits within their employer’s platform. EDDS eliminates the need to manually add routing account numbers, accelerates financial onboarding, improves security, and enables instant switching of paycheck destinations.
On the surface, Workday Wellness and OnePay are offering EDDS to provide a smoother sign-up and paycheck allocation process. For OnePay, however, facilitating the process of direct deposit switching will help it onboard new customers and increase the amount of deposits of its existing clients.
“Financial wellbeing has become a strategic priority for employers,” said Workday Global Vice President, Partner Strategy & Growth Saqib Sheikh. “Welcoming OnePay into Enhanced Direct Deposit and Workday Wellness helps our customers provide a more holistic financial journey for their employees. Our upcoming direct deposit tools cut through the red tape, aiming to make it easier for employees to send their paychecks where they need them to go to help build a more secure financial future.”
Financial infrastructure is becoming increasingly valuable as it powers payments and financial products. Instead of operating within closed systems, banks are now operating within broader ecosystems in which customers expect seamless integrations, faster money movement, and financial services experiences that become invisible within the customer journey.
Fintechs are working to satisfy the demand for this infrastructure using API-driven tools that can support real-time payments, cross-border transactions, and embedded finance use cases. At FinovateSpring 2026, we’re hosting a group of fresh fintechs that will showcase their solutions designed to simplify payments, modernize infrastructure, and unlock new revenue opportunities. From digital asset infrastructure to cross-border payments and operational platforms, these four companies leading the way.
AlphaPoint enables smaller financial institutions to adopt stablecoin payments and treasury capabilities without the cost and complexity of building in-house infrastructure. Its platform provides the tools banks need to support digital asset transactions, helping them modernize payments and compete with larger, more technologically advanced players.
Founded in 2013 and headquartered in New York, AlphaPoint gives banks a faster path to integrating blockchain-based financial services, positioning them to participate in real-time, programmable money.
Quanto helps businesses reduce operational friction across financial workflows by streamlining back-office processes, allowing companies to focus on growth.
Founded in 2025 and headquartered in Chicago, Quanto helps organizations scale more efficiently, reduce complexity, and accelerate time to scale.
Reativ’s cloud-based treasury management system offers financial institutions real-time visibility into cash positions, liquidity, and risk. Its platform combines automation and AI-driven insights to help banks optimize cash usage, reduce operational costs, and improve decision-making.
Designed for regional and community banks as well as credit unions, Reativ can reduce operational expenses by up to 50% while enhancing regulatory readiness. Founded in 2026 and headquartered in Portland, Oregon, the company offers a modern, centralized approach to treasury management.
Clockout helps financial institutions drive deposit growth and customer engagement through embedded financial wellness tools. Its platform is designed to increase direct deposits, boost per-user revenue, and differentiate banks and credit unions in competitive markets.
Founded in 2022 and headquartered in Tennessee, Clockout enables institutions to deepen relationships with their customers while creating new revenue opportunities tied to everyday financial activity.
Why banks should care
Banks are under pressure to offer faster money movement, integrate with third-party platforms, and meet rising customer expectations. At the same time, firms need to manage costs and are constrained by legacy systems.
Fintechs are helping bridge this gap with solutions that simplify treasury management, enable stablecoin and real-time payments, and streamline operational workflows that allow institutions to modernize without large-scale overhauls. At the same time, embedded finance and deposit-driving tools create new opportunities to grow balances, increase revenue per customer, and stay competitive in an increasingly platform-driven financial ecosystem.
BetaNXT has launched InsightX, an enterprise AI platform that embeds automation, analytics, and insights directly into wealth management workflows via API and integrated tools.
InsightX is built for regulated environments and combines domain-specific data models with built-in governance, transparency, and auditability to support compliant AI adoption.
BetaNXT also announced its new Innovation Lab that will help firms deploy production-ready solutions in as little as three months.
Wealth management solutions company BetaNXTannounced the launch of InsightX, its enterprise AI platform that power automation, analytics, and insights across enterprises.
InsightX will leverage BetaNXT’s deep expertise in wealth management to deliver solutions designed around how clients actually think and behave. The platform is built on data models developed by domain experts and incorporates embedded governance and metadata to ensure full traceability and auditability.
By integrating BetaNXT’s institutional knowledge of how operations teams and advisors work in practice, InsightX enhances real-world workflows rather than disrupting them. The platform also provides full transparency into its methodology and data sources, fostering user trust while creating a clear, auditable data trail.
InsightX is available as an API for use in a firm’s existing tools, or through three of BetaNXT’s products: Data Studio, a self-service tool for creating custom dashboards and data visualizations; Compass, an AI assistant that enables natural-language prompting for operational intelligence; and Solutions Hub, a central hub for production-ready AI solutions.
“The launch of InsightX is a major leap forward for firms at every stage of AI maturity,” said BetaNXT Chief Product Officer Jonathan Reeve. “From boutique asset managers looking to optimize distribution, to large broker-dealers seeking to enhance advisor support, to corporate issuers focusing on investor engagement, our AI platform provides the infrastructure and tools they need. Whether a firm wants to deploy pre-built AI solutions today or build their own AI capabilities for tomorrow, having BetaNXT as a partner can significantly accelerate their journey.”
The New York-based company also unveiled its new BetaNXT AI Innovation Lab, an accelerator designed to fast-track the delivery of AI solutions. Participants can use the new Innovation Lab to quickly move AI initiatives from concept to production, with a process that can deliver production-ready solutions in as little as three months.
“We are hearing from our clients that they’re focused on scaling AI’s transformative impact beyond their data and technology teams,” said BetaNXT CEO Bob Santella. “Figuring out how to integrate AI smoothly into day-to-day operations, advisor interactions, and leadership decisions is the key to unlocking AI’s full potential. Our vision is to break down the barriers to AI adoption in order to bring intelligence and insights to every user in our industry, regardless of their technical background.”
Wealth management is a green field for AI applications. Embedding AI tools into advisor workflows, operations, and decision-making can make solutions more powerful, explainable, and compliant.
Instead of using standalone tools or generic models, firms are looking for platforms built on domain-specific data, with governance and auditability baked in from the start. Combining usability and control in this way can help turn AI from a concept into a scalable tool. BetaNXT’s InsightX is another example of how AI in wealth management is becoming infrastructure.
Founded in 2022, BetaNXT helps wealth managers differentiate their wealth management platforms while reducing backend costs and operational inefficiencies. The company serves broker dealers, advisors, wealth managers, issuers, and asset managers.
The US Treasury tapped Robinhood and BNY to power and manage Trump Accounts, the new government-backed, tax-deferred investment program for children seeded with $1,000 at birth.
The platform will be fully white-labeled and operated by the Treasury, with Robinhood providing the technology, UX, education, and customer support behind the scenes.
The deal marks a strategic shift for Robinhood from consumer brokerage to infrastructure provider.
The United States Treasury Department announced today that digital stock brokerage app Robinhood will build the brokerage platform and serve as the initial trustee for Trump Accounts, the new custodial-style Individual Retirement Accounts for children under 18.
The department selected BNY as the financial agent for the Trump Account program. BNY will be responsible for managing the initial accounts and has selected Robinhood to help develop the new Trump Accounts app. The new standalone Trump Accounts app will be fully white-labeled with no Robinhood branding and will offer an intuitive user interface and user experience that will help families to view and manage their Trump Accounts.
Along with building the front-end experience, Robinhood will also create educational resources and manage customer support for Trump Accounts.
“We are proud to power Trump Accounts with Robinhood’s technology and to work alongside a historic and trusted institution like BNY,” said Robinhood Markets CEO Vlad Tenev. “Our task is clear: to provide the next generation of Americans with a world-class, intuitive platform to jumpstart their financial future.”
Trump Accounts launch on July 4 and will serve as tax-deferred investing accounts for children. Babies born between 2025 and 2028 receive a one-time $1,000 deposit from the Treasury to seed their retirement. Currently, more than four million children have been signed up for a Trump Account. As part of its efforts, Robinhood said it plans to match the Treasury’s $1,000 contribution to Trump Accounts for eligible children of its employees.
Once the app is built, the US Treasury will retain control over the app and the operations for all accounts. The Treasury did not disclose any financial details around the agreement.
“We continue to believe that the American stock market remains the greatest wealth creation vehicle of our time,” the company said in a statement. “…by providing young Americans with a dedicated platform to engage with the markets early, Trump Accounts will help millions of citizens maximize the power of compounding and build a lasting financial legacy.”
The move positions Robinhood as an infrastructure provider. By powering a federally backed investing program at scale, the company is moving beyond consumer brokerage and into the realm of embedded financial services.
Even without branding, this partnership gives Robinhood access to one of the largest distribution channels in retail investing and demonstrates its ability to operate as a trusted backend provider for government-led initiatives. While Robinhood still values owning the customer relationship, it is now expanding its scope to own the rails, as well.
