Apex Fintech Solutions has launched a cloud-based business-to-business investment infrastructure for real-time operations. The new platform aims to enhance efficiency and risk management among financial firms offering their services to the global markets.
Tools for Scaling Operations
Dubbed Apex Ascend, the offering provides companies with the tools to build and operate at scale. The company highlighted the importance of such advancements, terming them the future of investment infrastructure. One of the features of Apex Ascend is a real-time ledger offering 24/7 API-based delivery for a variety of account activities, balances, and buying power.
According to Apex, this feature offers real-time custody and clearing to enhance integration across fintech solutions. The platform also features a cloud data and business intelligence platform for automated reporting, visualizations, and real-time data integration. It aims to deliver faster and more informed decision-making.
Also part of the offering is trading, execution, and order management, providing features such as fractional trading capabilities, smart order routing, and a built-in order management system with pre-trade controls enhance trading efficiency. It also has rebalancing tools for automated portfolio rebalancing, model management, and goal-based investing across multiple asset classes.
Meanwhile, in March, Apex Fintech Solutions bought a portfolio management firm specializing in automated rebalancing and investment allocation tools for financial advisors to strengthen its wealth management offerings. The company announced the acquisition of AdvisorArch to boost its RIA Custody and Execution Platform with a range of digital advice tools.
Acquisition and Proposed IPO
According to a report by Finance Magnates, the acquisition will enhance Apex's services by onboarding AdvisorArch's suite of digital advice tools. These tools allow wealth management firms to bolster processes and deliver exceptional client experiences at scale.
Besides that, the fintech firm revived its aspirations for an initial public offering last year. The company reportedly confirmed that it had confidentially filed its draft registration statement with the Securities and Exchange Commission.
The announcement came amid a setback when the fintech firm terminated its SPAC merger deal in 2021. However, Apex Fintech did not disclose details about the number of shares and their pricing in the proposed offering.
