Happy Tuesday, Fellow Fintechers! 
In our first newsletter of the Autumn season, we have a diverse line up of content for you.

As always, we start with a look back at the week’s news from our resident wealthtech expert Vasyl Solushchuk, who also provides us with an intriguing interview with Rob Seidman of Watson Financial Services at IBM.  In the piece, Seidman discusses the need for advisors to have a vigorous cybersecurity platform that satisfies regulatory compliance concerns in both the U.S. and abroad, and to “leave it to the professionals” rather than trying to manage on their own.

Have your clients been receiving letters from the IRS regarding their virtual currency holdings?  Accroding to noted fintech advisor Dara Albright, the process began in late July and advisors need to take the bureau’s efforts seriously for their clients with digital asset holdings.  We also learn that fintech powerhouse Vestmark has received a patent from the U.S. Patent and Trademark Office for a process that helps financial advisors and institutions better manage portfolios with multiple client accounts.

Next, we have a 3 Questions interview this week with Abhishek Gupta, CEO of BBVA Open Bank, who walks us through technological advances in core banking platforms and payment services in the US.  And finally, we finish with a feature piece looking at when and how subscription based fee models can work for advisors, with a look at  models being offered by wealthtech XYNP, Schwab & Cetera.  Some great info on the fintech scene for our readers today.

Read up!!

Cindy Taylor/Publisher

  • Wealthtech Weekly Update: PEAK6, Capitect, eMoney and Guideline
  • WealthTech Insights: Should A Wealth Management Firm Do Cybersecurity?
  • The IRS Has Been Sending Letters to Virtual Currency Owners
  • When Subscription Fees Work
  • 3 Questions With Abhishek Gupta, BBVA Open Platform
  • Vestmark Gets Patent For Process Helping Financial Advisors