PAYMENTS

CapIntel Partners with Canadian Financial Services Leader Equitable Life® to Enhance Experience for Financial Advisors and Customers

CapIntel | January 25, 2022

CapIntel_Partners_with
CapIntel, a financial technology (Fintech) company that supports wholesalers and financial advisors in their day-to-day workflow to deliver top-tier client service, today announced a partnership with Equitable Life. Leading companies are constantly evaluating how to remain relevant and thrive as the world evolves, and this partnership demonstrates Equitable Life’s commitment to constantly push what best-practice looks like in the financial services industry.

For more than 100 years Equitable Life has worked with advisors to support Canadians with their financial goals. As a mutual company, with no other competing interests, Equitable Life’s duty and priority rests only with clients. CapIntel’s intuitive platform is helping Equitable Life meet this commitment by enabling wholesalers and financial advisors to build, analyze, and compare portfolios and deliver personalized recommendations. The CapIntel platform streamlines these processes helping wholesalers and financial advisors have stronger, more transparent conversations with clients leading to the best client results.

“We are committed to continuously finding ways to leverage technology for the benefit of our clients and partners,” said Cam Crosbie VP, Savings and Retirement at Equitable Life of Canada. “CapIntel provides an intuitive, powerful platform that our wholesalers and advisor partners can use to grow their business by focusing on the client experience and cultivating meaningful relationships.”

The Equitable Life partnership comes at the heels of CapIntel’s partnership with IG Wealth Management and a strategic relationship with The Canada Life Assurance Company (Canada Life). This momentum signals accelerated movement among Canadian financial services leaders increasing their work with fintech companies to enhance advisor and client experience.

“Having a Canadian mutual financial services leader, like Equitable Life, use CapIntel to boost wholesaler and financial advisor effectiveness is a testament to our platform’s value,” said James Rockwood, Founder and CEO of CapIntel. “In this digital age, there is an increased desire amongst financial services companies to work more effectively using technology. Established financial services companies are advancing their capabilities through partnerships with fintechs, and we are proud to support these companies and accelerate their digital evolution.”

With over 10,000 financial advisors and 500 wholesalers now using the CapIntel platform, Canadians are experiencing the benefits of working with financial advisors who provide an efficient, personalized, and transparent experience.

As this momentum in the financial services industry continues, CapIntel will continue to develop the platform to meet the needs of wholesalers and financial advisors. Most recently, this included the addition of a client focused reforms (CFR) module released in Q4 of 2021 to support financial advisors with new compliance regulations.

About CapIntel
CapIntel is a Toronto-based financial technology company leading the way in developing intuitive, web-based applications for financial professionals. Founded in 2017, CapIntel has been on a mission to elevate personal finance, and a significant part of this means growing wealth through investments. CapIntel's platform helps financial advisors provide better service to their clients so they can get a better understanding of their investments and feel at ease knowing their future is secured. With over 10,000 advisors and 3 of the 5 Big Banks in Canada on their platform, CapIntel is transforming the advisor-client experience.

About Equitable Life
Canadians have turned to Equitable Life since 1920 to protect what matters most. We work with independent advisors across Canada to offer individual insurance, savings & retirement, and group benefits solutions to meet your needs.

Equitable Life is not your typical financial services company. We have the knowledge, experience and ability to find solutions that work for you. We’re friendly, caring and interested in helping. As a mutual company, we are not driven by shareholder pressures for quarterly results. This allows us to focus on management strategies that foster prudent long-term growth, continuity and stability. We are dedicated to meeting our commitments to clients – now and in the future.

Spotlight

Insurance is about protecting yourself and your family, or your business, from a loss from which you wouldn’t otherwise be able to financially recover.However, many Australians don’t have enough insurance, and unfortunately don’t realise this until it’s too late.


Other News
BITCOIN AND CRYPTO

SoFi Launches No-Fee Cryptocurrency Purchases for Direct Deposit Members

SoFi | March 25, 2022

SoFi Technologies, Inc. (“SoFi”), the digital personal finance company, today announced members will now be able to invest part of every direct deposit into cryptocurrency¹ with zero fees². This feature builds on SoFi’s robust offerings for Checking and Savings³ accounts, which already includes no account or overdraft fees, up to two-day early paycheck⁴ and an industry-leading 1.00% annual percentage yield (APY).⁵ Members will be able to set a recurring purchase⁶ for the cryptocurrency of their choice with each paycheck for no purchase fee, investing either by dollar amount or percentage of their deposit, into one of 30 coins. This feature is currently live to all members with both a SoFi Invest®⁷ crypto account and SoFi Checking and Savings account. Crypto investing is rising rapidly. In the last year alone, SoFi doubled the number of investors setting up automatic, recurring crypto purchases, By adding the ability for members to automate crypto purchases right from their paycheck, we’re making it easier than ever for our members to customize how they manage their spending, saving, and investing all in one place to help them get their money right.” Anthony Noto, CEO of SoFi. Alongside no-fee crypto purchasing, SoFi has launched a new online educational center to explain the ins and outs of cryptocurrency to investors. The new center is an ongoing resource to both crypto newbies and seasoned veterans alike throughout their investing journey. This product is the latest expansion of SoFi’s offerings to make it simpler to get started with cryptocurrency investing, including its offering to redeem SoFi Credit Card⁸ points directly into cryptocurrency. These features were created to allow SoFi members to invest when and how they want, all in the same app they can manage their credit card, bank accounts and investments. About SoFi SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing and protecting give our over three and a half million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of ambitious people. SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams.

Read More

CORE BANKING

DR BANK ANNOUNCES PARTNERSHIP WITH BOMBAS

DR Bank | May 23, 2022

DR Bank is proud to partner with premium basics brand Bombas through their internal Giving Initiative program by donating 1,000 pairs of Bombas donation socks. Bombas is a comfort-focused, digitally native brand that provides elevated basics and helps those in need. The company was originally founded in 2013 because socks are the #1 most requested clothing item at homeless shelters. For every item purchased, a specially designed item is donated to the homeless community. DR Bank chose to donate these socks to two local organizations, Person to Person and New Covenant Center. Person to Person is a Darien, CT based organization that serves lower Fairfield County providing groceries, clothing, care programs, emergency assistance, and more to anyone in need. We are so grateful to DR Bank and Bombas for this wonderful donation. These are beautiful, good quality socks and the people we serve will be so grateful to have them. We applaud this company and all others who commit themselves to giving back to the community." Nancy Coughlin, Chief Executive Officer. The New Covenant Center is a Stamford, CT based organization that provides food and services to the local homeless population. "New Covenant Center is grateful to accept the 500 adult-sized pairs of socks donation from DR Bank and the partnership they have with NYC apparel company, Bombas. DR Bank has been a longtime supporter of New Covenant and we're excited to have them onboard - focusing on our Toiletry Program for our Café clients." John Gutman, Executive Director. To be able to partner with such a socially conscious organization like Bombas to benefit two great local charities, is a wonderful opportunity for the Bank! DR Bank has been giving back to local charities throughout Fairfield County since we opened our doors in 2006 We hope to do much more of this in 2022 and years to come!" John Barbalaco, EVP & Chief Banking Officer. DR Bank DR Bank is headquartered in Darien with a branch in Rowayton. They offer the same customer service and attentiveness of a community bank with the financial services and technology of a larger bank. Whether you're stopping by, or banking on the go, their team of experts are there to help. They are committed to long-term relationships and offer the conveniences and financial services you expect from a larger bank, with the incredible rates, safety, and personal attention you won't find anywhere but home.

Read More

PAYMENTS

AXES CHOOSES BLUEBERRY PAYMENT SOLUTIONS AS OPEN LOOP CASHLESS PROVIDER FOR THE EUROPEAN UNION

AXES.ai | April 23, 2022

AXES.ai ("AXES" or the "Company") is pleased to announce that it has formed a strategic alliance with Cyprus-based Fintech Blueberry Payment Solutions to offer the AXES European client base an integrated Open Loop cashless eWallet. The Blueberry Payment Solutions eVoucher, eWallet, Card, and IBAN Cloud Account is already integrated with the AXES Butler Closed Loop eWallet, Loyalty, Rewards and Engagement APP, for Merchants and Clients. AXES has the most advanced, secure and complete closed loop cashless platform in the global land-based gaming industry, The Blueberry Payment Solutions platform, technology, licenses, IP and certifications will empower AXES European Clients to instantly transfer funds to their AXES closed loop wallet and to AXES Casino Float Accounts. This powerful partnership will rapidly evolve the fintech performance and possibilities of the land-based gaming industry, and we are very excited to offer the power of the Blueberry Payment Solutions to the AXES client base." Rhyan Bridle, Founder & CTO of Blueberry Payment Solutions. Blueberry Payment Solutions is a perfect fit for AXES, Blueberry Payment Solutions truly understands that a casino eWallet is a personal player to casino relationship based on loyalty, engagement and rewards. We are grateful to Blueberry Payment Solutions for having customized their product offering to align with our strategy to support our European AXES clientele to ensure they have the most powerful engagement strategy in the global land-based casino gaming market. We look forward to evolving our product base with Blueberry Payment Solutions as we integrate multiple forms of payment, funding and financial instruments" Earle G. Hall, President & CEO of AXES.ai. ABOUT Blueberry Payment Solutions Blueberry Payment Solutions is an Electronic Money Institution (EMI) authorized for the distribution of e-Money. Offering an alternative banking platform, Blueberry Payment Solutions, allows the community a safe place to send, receive, hold and invest, with absolute confidence and reliability. The all-encompassing platform empowers merchants, corporations, and end-user clients to perform their day-to-day payments and banking operations. Blueberry Payment Solutions draws on the adroitness of cloud technology to guarantee the highest security and availability of its solution. Currently, in 11 countries, Blueberry Payment Solutions has an offering for both land-based and online merchant services, ensuring the power of personalized banking is not compromised.

Read More

Fidelity launches two fixed income index funds

Fidelity | August 26, 2020

The Fidelity Index UK Gilt and Fidelity Index Sterling Corporate Bond funds will aim to provide investors with a low-cost passive fixed income solution, with ongoing charge figures of 10 and 12 basis points respectively. The Gilt fund will track the FTSE Actuaries UK Gilts index and the corporate bond offering will follow the iBoxx GBP Liquid Corporates Large Cap index. Head of wholesale John Clougherty said the extension of Fidelity's UK-domiciled index funds range to nine "reaffirms our commitment to deliver greater choice for clients". "While active management remains at the heart of our business, we know that investors want choice and value when it comes to investing, whether that's through an active fund, a tracker or both," Clougherty said.

Read More

Spotlight

Insurance is about protecting yourself and your family, or your business, from a loss from which you wouldn’t otherwise be able to financially recover.However, many Australians don’t have enough insurance, and unfortunately don’t realise this until it’s too late.

Resources