Apex Fintech Solutions Completes First-Ever Account Transfer Using New Automated Customer Account Transfer Service Protocols
Apex Fintech Solutions Inc. (“Apex”), the fintech for fintechs powering innovation and the future of digital wealth management, today announced the completion of the first-ever account transfer leveraging the latest messaging protocols set by National Securities Clearing Corporation’s (NSCC’s) Automated Customer Account Transfer Service (ACATS).
- Apex Fintech Solutions Inc. (“Apex”), the fintech for fintechs powering innovation and the future of digital wealth management, today announced the completion of the first-ever account transfer leveraging the latest messaging protocols set by National Securities Clearing Corporation’s (NSCC’s) Automated Customer Account Transfer Service (ACATS).
- The account transfer was achieved through Apex’s API-based Account Transfer Service.
- “The first account transfer on March 15, 2024, was an exciting milestone, and paves a path for other firms towards more efficient, flexible account transfer services that reduce manual processes.”
“We are pleased to see the completion of the first account transfer following the updated API protocol. - In support of Apex’s commitment to modernizing the account transfer process for its clients and the industry ahead of the new protocols, the institutional-grade account transfer service is now available publicly.