Fidelity Partners With Amazon on Quantum Computing: Tech Roundup

Fidelity Investments is one of the first companies to say it's using Amazon Braket, a fully managed Amazon Web Services offering that provides a development environment enabling customers to explore and design quantum algorithms.

The Fidelity Center for Applied Technology partnered with Amazon's Quantum Solutions Lab to build a proof of concept for a "potential asset management use case": a hybrid quantum-to-quantum algorithm that mimics the behavior of a market index, according to Fidelity.

FCAT's "mission is to understand how quantum computing might impact Fidelity's business and customers so that as soon as the technology is ready we fully leverage the benefits," FCAT says on its website.

AssetMark Introduces eService Team

AssetMark launched a new dedicated eService team it said was created to help advisors meet the growing demand for digital servicing during the pandemic while "reinforcing the firm's commitment to fostering deep relationships with its advisors."

The new personal, online assistance offered through the eService team is an extension of the company's service offering that scales with the growing needs of investors and their advisors, it said.

AssetMark eService provides quick, personalized, digital response service levels to client outreach between 8 a.m. and 8 p.m. Eastern time.

The new service builds upon the firm's digital servicing tools aimed at further increasing efficiencies for advisor practices and includes: eDelivery, enabling advisors and investors to minimize mail delays and limit potential identity theft with electronic delivery of reports and documents; eSignature, delivering a fully digital account opening experience for qualifying accounts; and eLearning, planned online videos and guides to help advisors "quickly navigate and maximize services available on the platform to streamline administrative tasks and enhance client services," AssetMark said.

Blockchange Teams With Gemini Trust

Blockchange, a digital asset investing platform for wealth managers, and Gemini Trust, a cryptocurrency exchange and custodian, announced a partnership to provide RIAs a secure one-stop shop for buying, selling and storing digital assets.

The integrated solution combines Blockchange's recently announced BITRIA digital turnkey asset management platform with Gemini's exchange and custody solution, providing an "institutional-grade option for RIAs who want to expose their clients to digital assets for improved returns and risk mitigation," the firms said in a joint announcement.

Quantum Capital Management selected the solution to manage digital assets for its clients, and also to offer digital asset management services to other RIAs using a separately managed account approach, the firms said.

ACA Launches ComplianceAlpha App

ACA Compliance Group launched a mobile app version of its ComplianceAlpha platform for risk and compliance management.

The app, available now for Android and Apple iOS devices, was designed to provide financial services firms with an on-the-go hub for compliance management, communication, resources, thought leadership and future ComplianceAlpha functionality, the firm said.

The ComplianceAlpha mobile app offers employees and compliance an easier, more accessible compliance experience and allows users to: Manage requests and disclosures for trades, gifts and entertainment, outside business activities and more; receive push notifications for important company information and urgent alerts; and access documents in one place.

— Check out Seven Group to Roll Out New Feature for Advisors: Tech Roundup on ThinkAdvisor.