Bricknode and Nordnet offer white label service for wealth managers

Financial software firm, Bricknode has launched an Add-On Marketplace which syncs data with Nordnet Bank to provide an out-of-the-box brokerage solution. The file import app allows for transaction data interchange between Nordnet and a customer-facing platform, with access to a full suite of brokerage APIs. The marketplace will enable wealth management providers to offer a customised, white labelled solution to their clients.

Bricknode this week launched an app for syncing data with Nordnet Bank, a Swedish brokerage firm, that essentially offers out-of-the-box brokerage private labeling at scale.

The Nordnet File Import App allows for financial transaction data interchange — including order data — between Nordnet and a customer-facing platform. The app integrates with with Bricknode’s Bricknode Financial Systems, a full suite of brokerage APIs.

Bricknode says it sees “a need for our customers to being able to offer their end-clients a customized experience to monitor their accounts and receive information.” The idea is for the BFS API to allow wealth management services “to create whatever apps, portals and experiences they wish in order to strengthen their relationship with their end-clients.”

This layering of services for private-labeling is increasingly becoming an area of focus in wealth management. There has already been a well of out-of-the-box fintech services to hit the market — the same wellspring of out-of-the-box services is now coming to wealth management.

Launched in 2010, Bricknode is based in Skovde, Sweden.

Nordnet Bank, meanwhile, is a Bromma, Sweden-based publicly traded financial institution with operations in Sweden, Norway, Denmark and Finland. The company has a market capitalization of about $4.3 billion.