The $100B fintech custodian powering digital investing, with CEO of Apex Bill Capuzzi

 In this podcast, Lex interviews William (Bill) Capuzzi, CEO
of APEX, a Fintech company transforming financial services. Bill
talks about his journey from studying environmental science to
working in the financial industry, first at the banking and
trading divisions of DLJ, then at Pershing where he learned the
"bowels" of the industry, and then at Convergex where he learned
about the importance of disrupting the trading technology. He
then talks about buying Apex from Peak6 and his understanding of
what it means to custody, clear, and settle a trade. He explains
that a custodian holds the assets of the end investor and
provides the clearing of transactions through a central
counterparty like DTCC. He also discusses the decentralized
finance world and the lack of a central counterparty in the
cryptocurrency world.


 


MENTIONED IN THE CONVERSATION


 


APEX Fintech Solutions website: https://bit.ly/3H0LgwE


CEO's Linkedin profile: https://bit.ly/3IIMD4k


 


Topics: fintech, custody, clearing, settlement, trading,
investment, crypto


 


Companies: Apex, Pershing, DLJ, PEAK6, Convergex, SoFi, Stash, TD
Ameritrade, Schwab, Betterment


 


ABOUT THE FINTECH BLUEPRINT


 


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Twitter: https://twitter.com/LexSokolin


 


 


TIMESTAMPS


 


1’50”: A breakdown of Bill’s foundational experiences  


 


13’37”: Definitional breakdowns of custody, clearing, and
settlement


 


19’19”: Unbundling custody solutions from broker-dealers and
retail distribution, and the regulatory implications


 


27’04: The dynamic between digital wealth management platforms
and either robo-advisors or traditional advisors using robo
platforms that plug into their custody


 


31’07”: Joining Apex in 2010 - the customer profiles, tech stack,
opportunities, and vision to where Apex is today


 


33’31”: Hyper efficiency - offering zero commission and
fractional shares in 2015/16


 


36’52”: The current winning formula for B2C tech-enabled
financial companies that Apex supports


 


40’27”: Channels to use to connect with Bill & learn more
about Apex Fintech Solutions


Disclaimer here — this newsletter does not provide investment
advice and represents solely the views and opinions of FINTECH
BLUEPRINT LTD.


Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella


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questions.