FINANCIAL MANAGEMENT, INVESTMENT MANAGEMENT
Pretium and iCapital | March 13, 2023
Pretium, a specialized investment company that manages over $50 billion in assets, and iCapital1, a fintech platform that provides access to alternative investments for the wealth management industry worldwide, have recently come together to announce a custom technology and distribution partnership.
Don Mullen, Founder and CEO of Pretium, expressed, "We're excited about our new partnership with iCapital and the range of tech-enabled solutions it will unlock for our private wealth investors and their advisors now and into the future."
(Source – Cision PR Newswire)
Since its inception in 2013, iCapital's comprehensive digital platform has effectively enhanced the customer experience by automating subscriptions, making the investing process more transparent, and integrating the performance and reporting of alternative investments.
Lawrence Calcano, Chairman and CEO of iCapital, added, "We are thrilled to partner with Pretium to support their priority of providing institutional-style access of alternatives to advisors and their clients."
(Source – Cision PR Newswire)
Founded in 2012, Pretium specializes in U.S. real estate, residential credit, and business credit to capitalize on market shifts, disruptions, and inefficiencies. With an integrated analytical and operational system, the company manages over $50 billion in real estate investments across 30 U.S. regions and has a strategic advantage over other investment managers.
One of the largest fintech companies, iCapital, powers the alternative investment industry. The company has changed how access to private assets, such as equities, credit, real estate, infrastructure, structured investments, annuities, and risk-managed solutions, is facilitated for clients by the wealth management, banking, and asset management sectors. It has achieved this through user-friendly, end-to-end technology and auxiliary services, educational tools and resources, and powerful capabilities for due diligence, compliance, and portfolio analytics.
Sunrate | January 05, 2023
As a part of its online travel service, the fintech company SUNRATE has teamed with Visa to offer virtual corporate cards.
With the introduction of virtual corporate cards, SUNRATE's travel stakeholders now have a more streamlined and effective method of making payments to their partners, like airlines and hotels. In addition, close to the end of last year, SUNRATE also shared news of a strategic alliance with Agoda, a global digital travel platform.
SUNRATE believes that virtual corporate cards are revolutionizing travel payments. Online travel agencies can set expenditure restrictions, specify usage, and designate vendors using virtual cards. The travel partners of SUNRATE are in charge of allocating and keeping track of expenses. Besides, security is a crucial component of the virtual card. By allowing for a constrained window of use for a single card, technology such as application programming interfaces (APIs) has reduced the risk of card information being misused when presented.
SUNRATE said that the company's decision to offer Visa virtual corporate cards is a significant step because it strengthens its position as a one-stop B2B payment partner, especially in the travel industry. After announcing its partnership with Agoda, SUNRATE has worked with many other players in the travel industry, including other OTAs, and is proud of being able to meet all business needs.
Visa Business Solutions stated that the partnership's timing is excellent, considering the global rebound of business and leisure travel. Visa supports fintech companies like SUNRATE in their efforts to develop innovative solutions that make it easier for businesses to control their expenditure and make secure and seamless business-to-business payments.
SUNRATE is a global company payment and treasury platform. It is licensed and regulated as a major payment institution by the UK's Financial Conduct Authority, Indonesia's Bank Indonesia, Hong Kong Customs, and Singapore's Monetary Authority. Since 2016, its cutting-edge proprietary platform, vast global network, and robust APIs have helped over 130 firms scale local and worldwide growth.
FINANCIAL MANAGEMENT, TAX PLANNING
MoneyLion | February 21, 2023
An all-in-one digital financial solution provider, MoneyLion Inc., recently announced that it will provide eligible MoneyLion users with free tax filing services through a recent partnership with Column Tax, a personal income tax software company. This partnership will further offer a simplified tax filing process to save time and cost associated with services.
MoneyLion's RoarMoneySM Banking (an FDIC-insured demand deposit account that delivers a full suite of premium banking features) customers can now file their taxes easily, conveniently, and cost-free with this partnership. In addition, this integration will allow eligible users to directly file within MoneyLion's app without relying on any external services that have hidden fees or are challenging to use.
Tax returns can be filed quickly and easily in under 15 minutes. Additionally, users who use MoneyLion to file their taxes will have access to their return up to two days earlier than the other service providers. To help its customers navigate the challenges of this tax season, MoneyLion is combining its new offering of tax filing services with a suite of relevant educational content. In addition, both organizations place a premium on customer service priorities like open data, user-friendliness, and cost disclosure.
Tim Hong, Chief Product Officer at MoneyLion, said, "MoneyLion's strategic partnership with Column Tax allows us to continue to democratize access to financial services and education to all Americans," He also said, "Our missions are closely aligned, as they seek to educate and enable every American to have seamless access to their tax refunds so they can save, invest, pay off debt and meet their financial goals throughout the year. By offering our users high quality services and education, we aim to bring additional value to our offerings and help people take control of their finances."
(Source: Business Wire)
A one-stop platform for all financial personalized content, products, and advice, MoneyLion, founded in 2013, aims to rewire the financial system and bring positive change to Americans. The company engages and educates customers with regular hyper-personalized money-related and money-adjacent content provided through customers' feeds. In addition, it offers its customers a full suite of financial and non-financial solutions, creating its proprietary minimum-cost financial products, including digital banking, cash advances, credit-building loans, budgeting, automated investing, financial tracking and reward. It also uses unique data, network advantages, and technology to deliver leading embedded finance and marketplace solutions.