Bricknode Sync with Nordnet Steps Up Out-of-the-Box Brokerage

  • JJ Hornblass
  • June 14, 2016
  • 1

canstockphoto37748154Bricknode 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.

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JJ started the first iteration of Bank Innovation back in 2007, and has been working on it ever since. He also serves as President & Chief Executive Officer of Royal Media, Bank Innovation’s parent. He founded Royal in 1995 and oversees all aspects of the New York-based diversified media company. Prior to forming Royal, JJ was on the editorial staff of American Banker, the daily newspaper, and worked as an editor of a business magazine in Hong Kong. As a reporter and editor, he has won journalism awards from the National Press Foundation, Newsletter & Electronic Publishers Foundation, and the Reader’s Digest Foundation. He has a BS in Economics from Yeshiva University and a Master’s from the Columbia University Graduate School of Journalism. He was also a Fellow at the University of Wisconsin-Madison Graduate School of Banking. He lives in New York City with his wife, two daughters, and son. He counts among his accomplishments one New York City Marathon, two New York City Triathlons and the 2010 Father’s Day 5K, the first race he ever ran with his daughters. He can be reached at hornblass@gmail.com or 212-564-8972.

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