Automated critical trading, clearing, servicing, and operational workflows to increase efficiency and control.
Simplify advisor workflows and account servicing to improve productivity and client experiences.
Simplify investor communications, proxy voting, and governance while strengthening shareholder engagement.
Streamline fund operations, data management, and oversight to improve efficiency, transparency, and control.
Two Leading FinTech Companies Partner to Upend Siloed Processing Among Trust & Non-Trust Business Lines—Offering a Streamlined View of Positions & Balances Across All Accounts
New York, NY — (PR Newswire) — BetaNXT, a leading provider of wealth management technology solutions with real-time data capabilities and an enhanced advisor experience, and Fi-Tek, LLC, a leading FinTech company specializing in trust and wealth management technology, have come together to enable financial services organizations to streamline operations and workflows, enhance productivity, and reduce risk for their trust & wealth management, advisory, and brokerage divisions.
“With TrustWealthX, we are solving the major industry-wide problem of siloed processing for trust and non-trust business lines,” said Bob Santella, CEO of BetaNXT. “As partners, BetaNXT and Fi-Tek have made it possible for firms to seamlessly manage and report on their brokerage, wealth, and trust lines through a single lens. The integrated data, unified operations, and workflows offered by TrustWealthX will take the advisor and client experience to a whole new level.”
TrustWealthX delivers trust officers, advisors and their clients a holistic “family view” of investment positions and balances across brokerage, advisory, and trust accounts. Official books and records, regulatory reporting, and custody and clearing data for all of these accounts are available in real time.
In addition to the unified view of brokerage, advisory, and trust account investments, the integration enables users to harness account management and reporting capabilities across the BetaNXT and Fi-Tek ecosystems:
“Working with BetaNXT aligns with our mission at Fi-Tek to solve the complex challenges faced by our clients across a wide spectrum of wealth segments—from brokerage all the way to family office—through technology innovation and evolution,” said Subir Chatterjee, CEO and President of Fi-Tek. “The integration of our leading solutions elevates the digital experience for financial services and wealth management organizations—and allows them to deliver more value for all of their clients, across their business lines.”
BetaNXT remains focused on solving its clients’ most pressing data modernization challenges. It recently announced that DataXChange, powered by Snowflake’s AI Data Cloud, has become fully operational in production, following a four-month pilot program which began in September 2024. DataXChange brings internal and external inputs—BetaNXT data, partner data, wealth enterprises’ proprietary data, and Snowflake Marketplace data—together in one data management ecosystem to deliver a flexible, customized, and connected experience that can optimize what data can do for wealth enterprises and their clients and partners.
BetaNXT powers the future of connected wealth management infrastructure solutions, leveraging real-time data capabilities to enhance the wealth advisor experience. Combining industry expertise with the power of our proven Beta, Maxit, and Mediant businesses, we are focused on solving our customers’ most demanding integration challenges with flexible, efficient, connected solutions that anticipate their changing needs. Our comprehensive approach reduces enterprise cost, streamlines operations processes, increases advisor productivity, and enhances the investor experience. Together with BetaNXT, wealth management firms are transforming their platforms into differentiating assets that enable enterprise scale and stimulate commercial growth. For more information visit www.betanxt.com.
Fi-Tek is a leading FinTech company providing technology solutions to wealth management, family office and alternative investment market segments with its integrated GlobalWealthES (GWES) product, supporting a diverse client base consisting of global private banks, trust banks, broker/dealers, family offices, and RIAs. Fi-Tek has further enhanced its core GWES technology platform with cloud native purpose-based apps for advisors, executives and administration personnel for a 360-degree view of clients, as well as driving digital transformation across its client base. This would also enable better integration and data exchange with large financial institutions with presence in the Cloud. For more information, visit https://www.fi-tek.com.
Media Contacts
Alexandra Shafer & Madison Vance
JConnelly for BetaNXT
+1 (973) 349-5100
betanxt@jconnelly.com
Laura Barger
Head of Marketing and Communications, BetaNXT
+1 (888) 949-9957, option 3
mediarelations@betanxt.com
Arpita Chatterjee
Director of Marketing and Strategic Alliance, Fi-Tek
+1 732-632-8167
AChatterjee@Fi-Tek.com
