FusionIQ has recently launched a customized wealth management platform tailored for digital wallet companies.
Last year, the cumulative value of digital wallet transactions soared to $9 trillion, and in the United States, a notable 65% of adults engaged with a digital wallet at least once a month.
With this in mind, FusionIQ is looking to merge wealth management services with this increasingly prevalent payment method. The FIQ Wallet allows users to invest their earnings directly from their digital wallets, eliminating the need to transfer funds to conventional bank accounts. This innovation not only reduces transaction fees but also streamlines the investment process.
By allowing funds to remain within the wallet and encouraging growth through investments, FIQ Wallet enhances customer retention, which in turn boosts user engagement, according to the company.
FusionIQ emphasizes its platform’s user-friendly onboarding process, goal-oriented investing tools, support for various investment approaches—including both fractional and whole shares—and robust enterprise-level security.
According to John Kimbro, CTO of FusionIQ, “This solution is designed for seamless integration and can be incorporated into wallet platforms in as little as six weeks. Wallet providers can deliver a holistic view of their users’ financial landscapes, equipped with advanced tools for goal-targeted investing and risk management.”