Fintech
YourStake Announces Collaboration with Apex Fintech Solutions Inc to Provide Building Blocks for New AI-First Fintech Paradigm
New “Document-to-Portfolio” statement extraction technology enables seamless investment experiences and instant portfolio information.
NEW YORK, June 10, 2024–(COMMERCIAL WIRE)–YourStake, a leading provider of AI-powered solutions for the wealth management industry, today announced a collaboration with Apex Fintech Solutions Inc. (“Apex”), the innovation platform for the global investment ecosystem, to deliver APIs for the next generation of AI-powered digital experiences. This will allow fintechs and consultants to provide seamless solutions without the complexity of building them in-house.
YourStake’s “Document-to-Portfolio” APIs are the first suite of offerings in this collaboration. These allow users to upload image scans or PDF files of information about their investments, such as broker and bank account statements, and for fintechs and advisors to receive structured API responses containing clean and accurate data on financial holdings.
This simplification enables a new level of frictionless investment in two key use cases for digital experiences:
Real-time portfolio analysis for investment proposals: The “Document-to-Portfolio” functionality allows developers to digitize investment analysis “checkups” and investment proposal workflows in real time. Users have the ability to take a photo of their accounts and statements on their phone, upload them, and receive real-time financial analysis based on their user profile.
“Hands-free” onboarding account transitions.: By taking photos or importing previous account information, users can automatically enter account transfer details without the need to manually enter data. This improves processes that can be tedious, error-prone, and often involve a high cost of human capital, while creating a frictionless experience.
Developers building on these APIs can access functionality via a single, simple endpoint without worrying about document types, OCR/ML pipelines, LLM hallucinations, or building support for obscure financial institutions. The APIs are REST-based and highly available, designed to ensure a reliable and seamless integration experience.
“Alongside YourStake, we are proud to provide our customers with cutting-edge AI tools to simplify arduous processes, ultimately delivering efficient, industry-leading customer experiences,” said Connor Coughlin, Chief Commercial Officer at Apex.
“Our mission at YourStake is to make investing democratized, transparent and personalized by using artificial intelligence responsibly,” said Gabe Rissman, co-founder and president of YourStake. “By working with Apex, we are bringing our AI expertise to a broader audience, enabling fintechs and advisors to deliver exceptional client experiences and drive the future of wealth management. We are excited to release this helpful first step and continue to lead the way with developer solutions for the bold future ahead.”
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To learn more and start building, existing Apex customers can contact their Apex relationship managers or email sales@yourstake.org.
About YourStake
YourStake is a leading provider of AI-powered solutions to the wealth management industry. Leveraging advanced machine learning and natural language processing technologies, YourStake enables fintechs and advisors to deliver personalized, transparent and seamless investment experiences to their clients.
Learn about Apex Fintech solutions
Apex Fintech Solutions is a fintech powerhouse that enables seamless access and frictionless investments. Apex’s comprehensive suite of scalable solutions fuels the innovation and evolution of hundreds of today’s market leaders, challengers, change makers, and visionaries. The company’s digital ecosystem creates an environment where customers with the biggest ideas have the power to change the world. Apex works to ensure the success of its partners at the forefront of the industry through customized custody and clearing, advisory, institutional and digital assets and SaaS solutions through the Apex Clearing™, Apex Advisor Solutions™ and Apex Silver™ brands. For more information, please visit the Apex Fintech Solutions website: www.ApexFintechSolutions.com.
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Contacts
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GregoryFCA for YourStake
YourStake@gregoryfca.com