NEWS
WiseAlpha , a pioneer of fractional bonds , announces new wealth management portal and white-label solution
WiseAlpha , one of the first companies to invent fractional bonds , has announced a new wealth management portal and white-label solution , making it easier than ever for wealth managers to give clients access to fractional bonds .
Corporate Bonds can give predictable income and equity-like returns without the same level of volatility . Before WiseAlpha , it was almost impossible for individual investors to access the bond market in any meaningful way despite the government and corporate debt securities market being valued at nearly € 128 trn by the ICMA . Every investment required a huge amount of complex paperwork and a minimum investment of £ 100,000 turning into a predominantly institutional market .
WiseAlpha ’ s proprietary tech platform made the whole process easy , and its Fractional Bond product reduces the minimum investment to just £ 100 so that individual investors can easily buy the bonds of FTSE companies such as Ocado , Marks & Spencer or foreign corporations like Apple .
The new B2B2C Solutions service for institutional clients takes the Fractional Bond product to the next level . It is now easy for Wealth Managers , banks or brokers , to partner with WiseAlpha and make Fractional Bonds available to their clients . This can be done using the WiseAlpha interface , or they can provide a white-label solution so that partners can present the portal with their own branding .
Rezaah Ahmad , Founder and Executive Director , said : “ Our purpose is the democratisation of the corporate bond market . The FCA recently expressed a desire to widen its participation in this market . At WiseAlpha , we were ahead of the curve , making it easy and affordable for individual investors . Our new partnerships with wealth managers and banks will broaden access further , and we will be there for investors every step of the way .”
NatWest is the first UK bank accepted onto new UK Open Banking DPS
NatWest has become the first UK bank to be named as a supplier on the Crown Commercial Service ’ s ( CCS ) new Dynamic Purchasing System ( DPS ) for Open Banking services . This DPS will be accessible by all public sector entities in the UK including central government , local authorities , NHS , police , education providers , devolved administrations and charities .
The announcement means buyers will be able to access Payit by NatWest open banking solutions as well as Confirmation of Payee ( CoP ) API to support fraud prevention .
NatWest is already well integrated with the public sector as the largest supplier of Commercial Cards under CCS ’ Payment Solutions 2 framework , as well as one of two House Banks on the Government Banking contract .
Mike Elliff , CEO at Payit by NatWest said : “ After becoming the first country in the world to accept tax payments via Open Banking , this DPS will give the public sector access to a pool of pre-qualified suppliers . NatWest is delighted to be the first UK bank appointed to the DPS . Open banking is a key part of the UK financial ecosystem and seeing it integrated into the public sector is encouraging .
“ With the continued adoption of Open Banking in the UK we are uniquely positioned to support the public sector with our awardwinning Open Banking solutions .
“ Individuals and businesses rely on NatWest to pay and get paid , which is why as a group we ’ re entrusted with one in four UK transactions . Our proven and secure infrastructure enables billions of payments every day . We combine the scale and resilience of a bank with the speed and innovation of a FinTech to bring new payment services to our customers quickly and safely .”
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