Apex and Unifimoney partner for America’s credit unions and community banks

By Edlyn Cardoza

Apex Fintech Solutions, a FinTech enabling seamless access, frictionless investing, and scalable infrastructure for hundreds of leading FinTech companies, announced a partnership with Unifimoney Inc., a multi-asset digital wealth management platform for community banks and credit unions.

“Community banks and credit unions are the backbone of the US economy,” said Connor Coughlin, General Manager, Fintech, of Apex. “As demand increases from these community financial institutions, we are pleased to collaborate with Unifimoney to further extend their existing services and empower more consumers on their long term wealth management journeys. Unifimoney’s turnkey approach and exceptional user interface provides an incredibly compelling way to achieve this.”

The collaboration allows community banks and credit unions to enable their account holders access to Unifimoney’s turnkey digital wealth management platform and Apex Clearing Corporation’s modern digital clearing and custody engine. Services include robo advisory and self-directed trading for thousands of stocks and ETFs. Apex Clearing Corporation, a subsidiary of Apex Fintech Solutions, provides clearing and custody services to industry-leading brokerages.

Unifimoney is already integrated into several leading online banking platforms, including Jack Henry Banno, Q2, and soon Alkami. Clients on these platforms can expect to deploy Unifimoney in less than three days with a no-code configuration on their online banking portal. Oklahoma-based First Fidelity Bank is the first customer to go live with the service.

Ben Soppitt, Co-Founder and CEO of Unifimoney, said, “We took great care and time in choosing the brokerage platform needed to support what are some of the most heavily regulated financial companies in the world. Apex stood out with its deep market experience, broad product mix and robust compliance procedures as well as their understanding of and passion for credit unions and community banks.”