Is Apex Fintech Solutions a Good Company? Apex is a market-leading, technologically independent software program business enterprise that provides secure, frictionless virtual execution, clearing, and garage for the worldwide universe of investable assets.
What drives us is growing independence that produces possession of the records that is used to build network, growth financial literacy, and take away barriers to financial possibilities for the subsequent era of digital wealth introduction.
To do that, our team individuals stay above just doing a activity and are individuals who are constructing careers. We don’t simply entire responsibilities at Apex; we've got a purpose to be found out. Our colleagues champion why we do what we do. We each strive to change the world and widen our impact with the breadth and depth of our purchaser base and stop investors.
Is Apex Fintech Solutions a Good Company?
Lack of flexibleness in having access to and managing the facts used to stumble on and prevent monetary crime. Look under the hood of some of the arena's most popular making an investment apps, and you will locate Apex Fintech Solutions.
Read Also: How Much Does Fintech Pay in Southwest Florida Roblox?
Recognized as one of the most revolutionary groups within the international, Apex serves over 220 clients, inclusive of many nontraditional, client-facing monetary corporations — which includes online broking-dealers, traditional wealth managers, wealthtechs, professional buyers, and consumer manufacturers.
Its business revolves around validating, executing, and finalizing transactions between consumers and dealers in a financial market.
When an character investor buys a inventory or different monetary instrument via an online broking, Apex acts as the behind-the-scenes engine. It withdraws the coins from the investor's account and ensures that the cash reaches the vendor and the buyer receives the stocks they bought.
Apex serves many blue-chip brands and is a key enabler for fast-growing fintech corporations in the buying and selling space, which includes Ally Invest, SoFi Wealth, Public.Com, and Webull. By assisting those organizations deliver seamless virtual reports to clients — even as dealing with the excessive extent of transactions they require — Apex has earned the nickname "the fintech of fintechs."
A Excessive Volume of Incredibly Variable Information
As a part of gratifying its clearing service, Apex maintains a robust financial crime risk control program that guarantees compliance with diverse recognize-your-client (KYC) and anti-cash-laundering (AML) rules. That manner monitoring both its 200+ direct customers and its clients' clients, amounting to 24 million brokerage debts in all.
An Inability to Respond Speedy to New Possibilities
Apex already had an present gadget in region designed to assist them stay ahead of financial crime. But unlike a retail financial institution, Apex has a completely unique commercial enterprise model and a completely various patron set.
Its existing machine didn't permit it to move speedy whilst new possibilities arose — as an example, whilst the company desired to feature new products or commercial enterprise traces.
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Apex's existing off-the-shelf, out-of-the-box solution changed into difficult to tailor and configure. It required a whole lot of custom coding to house Apex's extensive type of clients. It additionally did not combine properly with Apex's different systems.
At Apex, we delight ourselves on being capable of pass fast," says Justin Morgan, head of monetary crimes compliance for Apex. "So, we want a system or platform which could preserve up with us. The monetary crime gadget we had became like a huge cruise deliver, and we needed a speedboat."
Too a Lot Manual Attempt for Analysts
The present gadget also positioned a heavy burden on Apex analysts, forcing them to live in a global of swivel-chair techniques whilst manually appearing much of the heavy lifting associated with their investigations.
Too Many False Positives
Another challenge: fake alarms. With Apex's current system, 80% of the alerts analysts acquired have been fake positives, or instances where a legitimate transaction is flagged as suspicious, shutting down the transaction or locking an account down completely.
Read Also: What Is A Financial Examiner's Job Satisfaction Rating?
These needless signals value investigators precious time, decreasing morale. And they eroded client believe, adversely impacting Apex's popularity and picture. Many of the canned indicators, along with the ones referring to debit card usage, have been no longer applicable to Apex's commercial enterprise.
One solution became to customise these alerts or build new ones particular to a brokerage. But custom code required tech resources from each Apex and the solution company. Even making small modifications to signals and thresholds was a considerable and highly-priced venture.
Build, Regulate, or Purchase?
All those demanding situations positioned a heap of strain on Apex, leaving its leaders to stand a few vast options: ought to the organization construct its own system, adapt its existing one, or bring in a new one from an out of doors companion?
Paula Parente
Is Apex Fintech Solutions a Good Company? Apex is a market-leading, technologically independent software program business enterprise that provides secure, frictionless virtual execution, clearing, and garage for the worldwide universe of investable assets.
What drives us is growing independence that produces possession of the records that is used to build network, growth financial literacy, and take away barriers to financial possibilities for the subsequent era of digital wealth introduction.
To do that, our team individuals stay above just doing a activity and are individuals who are constructing careers. We don’t simply entire responsibilities at Apex; we've got a purpose to be found out. Our colleagues champion why we do what we do. We each strive to change the world and widen our impact with the breadth and depth of our purchaser base and stop investors.
Is Apex Fintech Solutions a Good Company?
Lack of flexibleness in having access to and managing the facts used to stumble on and prevent monetary crime. Look under the hood of some of the arena's most popular making an investment apps, and you will locate Apex Fintech Solutions.
Read Also: How Much Does Fintech Pay in Southwest Florida Roblox?
Recognized as one of the most revolutionary groups within the international, Apex serves over 220 clients, inclusive of many nontraditional, client-facing monetary corporations — which includes online broking-dealers, traditional wealth managers, wealthtechs, professional buyers, and consumer manufacturers.
Its business revolves around validating, executing, and finalizing transactions between consumers and dealers in a financial market.
When an character investor buys a inventory or different monetary instrument via an online broking, Apex acts as the behind-the-scenes engine. It withdraws the coins from the investor's account and ensures that the cash reaches the vendor and the buyer receives the stocks they bought.
Apex serves many blue-chip brands and is a key enabler for fast-growing fintech corporations in the buying and selling space, which includes Ally Invest, SoFi Wealth, Public.Com, and Webull. By assisting those organizations deliver seamless virtual reports to clients — even as dealing with the excessive extent of transactions they require — Apex has earned the nickname "the fintech of fintechs."
A Excessive Volume of Incredibly Variable Information
As a part of gratifying its clearing service, Apex maintains a robust financial crime risk control program that guarantees compliance with diverse recognize-your-client (KYC) and anti-cash-laundering (AML) rules. That manner monitoring both its 200+ direct customers and its clients' clients, amounting to 24 million brokerage debts in all.
An Inability to Respond Speedy to New Possibilities
Apex already had an present gadget in region designed to assist them stay ahead of financial crime. But unlike a retail financial institution, Apex has a completely unique commercial enterprise model and a completely various patron set.
Its existing machine didn't permit it to move speedy whilst new possibilities arose — as an example, whilst the company desired to feature new products or commercial enterprise traces.
Related Article: What Happens if I Buy Tesla Stock Today 11th March 2025?
Apex's existing off-the-shelf, out-of-the-box solution changed into difficult to tailor and configure. It required a whole lot of custom coding to house Apex's extensive type of clients. It additionally did not combine properly with Apex's different systems.
At Apex, we delight ourselves on being capable of pass fast," says Justin Morgan, head of monetary crimes compliance for Apex. "So, we want a system or platform which could preserve up with us. The monetary crime gadget we had became like a huge cruise deliver, and we needed a speedboat."
Too a Lot Manual Attempt for Analysts
The present gadget also positioned a heavy burden on Apex analysts, forcing them to live in a global of swivel-chair techniques whilst manually appearing much of the heavy lifting associated with their investigations.
Too Many False Positives
Another challenge: fake alarms. With Apex's current system, 80% of the alerts analysts acquired have been fake positives, or instances where a legitimate transaction is flagged as suspicious, shutting down the transaction or locking an account down completely.
Read Also: What Is A Financial Examiner's Job Satisfaction Rating?
These needless signals value investigators precious time, decreasing morale. And they eroded client believe, adversely impacting Apex's popularity and picture. Many of the canned indicators, along with the ones referring to debit card usage, have been no longer applicable to Apex's commercial enterprise.
One solution became to customise these alerts or build new ones particular to a brokerage. But custom code required tech resources from each Apex and the solution company. Even making small modifications to signals and thresholds was a considerable and highly-priced venture.
Build, Regulate, or Purchase?
All those demanding situations positioned a heap of strain on Apex, leaving its leaders to stand a few vast options: ought to the organization construct its own system, adapt its existing one, or bring in a new one from an out of doors companion?