header icon
Solutions
header icon
Products
header icon
Platform
header icon
Developers
header icon
Company
English
HOW WISDOMTREE PROVIDES FINANCIAL EXPERIENCES BY INTEGRATING INVESTMENTS AND PAYMENTS

How WisdomTree Provides Financial Experiences by Integrating Investments and Payments

10 de abril de 2024

Asset manager and financial services provider WisdomTree is in the midst of building out its offerings around digital assets and mobile-based fintech–and Galileo is one of the company’s key partners enabling that push.

Historically serving mainly financial advisors via its exchange-traded fund business, WisdomTree has expanded its scope with newer offerings aimed at consumer audiences, including digital, blockchain-enabled mutual funds and tokenized assets, as well blockchain-native digital wallet, WisdomTree Prime–for which Galileo provides key support services. 

Galileo recently spoke with Will Peck, Head of Digital Assets at Wisdom Tree about how the company is expanding its offerings and charging into the increasingly digital future of financial services–with Galileo at its side. 

Mission: “Wisdom Tree exists to provide a better way to invest,” said Peck. “We help our clients–through the quality of our services and the quality of our products–have a better investing experience, both through technology and through the actual underlying investment methodology.”

WisdomTree’s current emphasis on the consumer side is centered on bridging the gap between investing and other key financial services for consumers.

“What we're hoping to provide uniquely to retail customers is a truly integrated saving, spending, and investing experience,” Peck noted. “Bringing these together in a more native way unlocks a lot of customer benefits.”

Founding: Initially incorporated in 1985 as Financial Data Systems Inc., the firm originally operated as a financial media company and stock index provider. In 2006, the renamed WisdomTree launched its first exchange-traded funds, and the company currently manages nearly $100 billion under investment globally.  

What Galileo Does for Them: Galileo provides key support services for the WisdomTree Prime e-wallet, which offers demand deposit accounts, money movement capabilities and Visa-branded debit cards. Galileo’s APIs are used for authorizing and settling transactions made via the cards.

“We’re connecting yield-bearing assets and funds to the debit card in a more integrated fashion,” Peck noted. “Customers with funds sitting in a checking account earning zero are missing out on income. We're aiming to bring a yield-bearing asset experience to retail customers, where they can immediately convert it into something usable for payments and transactions.

“We needed a technology partner to help us connect to traditional payment rails, and Galileo has been a great partner for that,”
Will Peck
Head of Digital Assets

The Road Ahead: Wisdom Tree was founded as a disruptor, and we believe blockchain and tokenization will be the next disruptor in the asset management space,” observed Peck. “We intend to be a leader in this space, leveraging blockchain-native technology for efficiency gains and benefits like immediate conversion from a yield-bearing fund to a transaction.”

Platform
18 de junho de 2024

Inovação Apoiada por Experiência e Infraestrutura

O novo chefe de desenvolvimento de negócios da Galileo Brasil, Abdul Assal, explica como os bancos podem aproveitar a inovação e a experiência para ter sucesso no mercado de serviços financeiros brasileiro em rápida evolução.

Ver Mais
Guide
17 de junho de 2024

3 Maneiras de os Bancos Brasileiros Entregarem um Serviço Bancário Centrado no Cliente em 2024

Para manter a participação no mercado em meio à crescente concorrência das fintechs, os bancos brasileiros devem oferecer conveniência e personalização aos clientes – e precisam da tecnologia certa para proporcionar essas experiências.

Ver Mais
Recap
12 de junho de 2024

Por qué Colombia debería estar en el radar de todas las fintech

Colombia’s evolving fintech sector is ripe with opportunity; explore the stats behind the boom and key developments to watch in our new Fintech Radar report.

See More
Platform
11 de junho de 2024

3 Priorities for FIs as Banking Transforms in 2024

New research from Galileo and Datos Insights reveals how consumer banking behaviors are changing–and how financial institutions must transform to compete with digital challengers and remain relevant as the industry evolves.

See More
Platform
5 de junho de 2024

3 Reasons Why Brands Should Diversify Revenue with Financial Services

The time is now for non-financial brands to meet the booming demand for financial services, driving new revenue streams, deeper engagement and transformative growth.

See More