Articles from DriveWealth

DriveWealth, a global B2B Brokerage-as-a-Service platform designed to make investing easier for partners and their customers, today announced its partnership with Banco Ualá, a leading Latin American neobank, to launch Acciones (Stocks), a new service enabling Mexican consumers to invest in U.S. equities.

DriveWealth, a global B2B Brokerage-as-a-Service platform designed to make investing easier for partners and their customers, and Kalshi, the world's largest prediction market, today announced partnership plans. Through this collaboration, DriveWealth aims to integrate Kalshi’s event contracts into its API-first brokerage platform, enabling DriveWealth’s partners to offer event-driven markets alongside equities, ETFs, and other traditional asset classes within a unified investing experience.

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, has announced the expansion of its executive leadership team with the introduction of Barry Metzger as Chief Brokerage Officer (CBO) and appointment of Emily Chardac as Chief People Officer (CPO).

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, today announced its partnership with BtcTurk | Hisse, Turkey’s first and the world’s fourth Bitcoin and cryptocurrency trading platform. This collaboration marks BtcTurk’s move beyond digital assets and into traditional finance since starting in 2023 with Turkish stocks.

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, has announced the appointment of Naureen Hassan as Global Chief Executive Officer (CEO). Hassan succeeds Michael Blaugrund, who is stepping down as CEO to accept a newly created position at ICE (Intercontinental Exchange).

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, today announced the expansion of its overnight trading capabilities through a collaboration with OTC Markets Group Inc. (OTCQX: OTCM), an operator of regulated markets for U.S. equity securities. Set to roll out in March, this new offering will establish DriveWealth as a pioneer in multi-venue overnight trading, and meet increasing demand from retail and institutional investors.

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, today unveiled its partnership with Moment Technology Inc. (“Moment”) to expand its fixed-income asset class offering. This development marks a significant step toward expanding retail investor access to the bond market by eliminating the existing $200,000 minimum investment threshold of many international bonds.

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, today announced that the Bank of Lithuania, the central bank of the Republic of Lithuania, granted it a brokerage license in Europe. This license accelerates DriveWealth’s international expansion and marks its third region with regulatory status, including the United States, Singapore, and now the European Economic Area.

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, today announced its end-to-end integration with multiple execution management system (EMS) platforms, including Bloomberg EMSX, LSEG Autex and TRAFiX. With these integrations, institutional broker-dealers can connect with DriveWealth’s platform and benefit from streamlined trade booking, reduced integration times, and seamless access to advanced features.

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, announced today the hiring of Venu Palaparthi as its new Chief Operating Officer. In this role, Palaparthi will oversee DriveWealth’s risk and compliance functions, in addition to lending his strategic expertise to the company’s ongoing international expansion. He will begin in his new role on September 16th and report to Michael Blaugrund, CEO of DriveWealth.

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, was named to the ranks of the 2024 Inc. 5000, Inc.’s annual list of the fastest-growing private companies in America that was released today. The prestigious rankings provide a data-driven look at the most successful companies within the economy’s most dynamic segment: its independent, entrepreneurial businesses.

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, was recognized on the second edition of CNBC’s “World’s Top FinTech Companies 2024” list that was released today. This prestigious award is presented by CNBC and Statista Inc., the world-leading statistics portal and industry ranking provider. DriveWealth earned a spot on the list based on its global efforts to deliver a range of financial services to its partners’ end clients.

DriveAdvisory, LLC, a subsidiary of DriveWealth, LLC, announced the scheduled liquidation of the exchange traded fund DriveWealth NYSE 100 Index ETF (Ticker: CETF) (the “Fund”). This decision follows a routine, ongoing review process of DriveWealth and its subsidiaries to ensure the organization’s efforts meet the evolving needs of its global partners and their clients.

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, today announced the promotions of three members of the company’s senior leadership team, effective immediately. Jason Pizzorusso will serve as President; Marcus Anthony has been named Chief Financial Officer; and Emily Ellis has been promoted to Chief People Officer.

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, announced today the hiring of two new executives: Kyla Murphy, as Chief Product Officer and Lauren Veisz as Head of Operations. In their respective roles, Murphy and Veisz will help to further expand DriveWealth’s footprint in global markets, develop deeper relationships with current and potential partners, and build out the company’s product roadmap.

DriveWealth, LLC., a pioneer in fractional investing and embedded finance, today announced the expansion of its DriveAdvisory platform. DriveAdvisory is a technology infrastructure solution that empowers partners to fully integrate financial advisory products into their existing apps.

DriveWealth, LLC, a pioneer in fractional investing and embedded finance, today released “The New Investor Phenomenon: A Wave of Opportunity,” a guide to understanding the mindset of the global retail investor. Spurred by the onset of COVID-19, the Retail Revolution marked a new era where huge swaths of investors entered the markets and changed what it means to be an “investor.” While their investing behaviors might seem like an anomaly, DriveWealth’s guide reveals insights about the psychology behind their trades–their motivation to participate in the markets, the tools they’re using to trade, and the tools they still need to take on the decade of the digital investor.

DriveWealth, LLC, a pioneer in fractional investing and embedded finance, today announced the appointment of Gayathri Rajan as Chief Product Officer (CPO), and Harshal Deo as Chief Technology Officer (CTO). Rajan and Deo will lead DriveWealth’s product and engineering teams and will be instrumental in helping the company further its mission to democratize investing globally and empower anyone in the world with a phone to control their financial future from the palm of their hand.

DriveWealth, LLC, a pioneer in fractional investing and embedded finance, today announced a partnership with Hisa Technologies, Africa’s first wealth management platform that makes investing social. Leveraging DriveWealth’s real-time fractional trading technology, Hisa users can invest in fractional shares of U.S. stocks, while benefiting from educational content such as news, podcasts, and user generated discussions geared toward improving financial health directly through the app.

DriveWealth, a pioneer in fractional investing and embedded finance, is pleased to announce the hire of Harry Temkin as DriveWealth’s Chief Information Officer.

Retail investing surged in Q1, as quarterly trading volume and asset growth rose 45% and 33% respectively from 4Q20, according to new data released today from DriveWealth, a leading global brokerage infrastructure platform.