Investment intelligence app Atom Finance has rolled out a stock and crypto platform that will include embedded user interfaces (UIs) and a series of application programming interfaces (APIs). The new platform will also provide visualization tools and WebSockets that can be easily integrated into both existing and new trading platforms, according to Atom.
Founder and Chief Executive Officer of Atom, Eric Shoykhet, stated that the company has partnered with neobanks, brokers, and fintech that share its zeal to democratize investment intelligence.
He added that such partnerships will allow more investors to access the advanced technology required to achieve investment success.
The New Platform To Offer More Efficiency To Investors
Atom Finance stated that the new platform has several benefits for fintechs and investors. It offers the opportunity to enter the market with experiences that can attract customers. They can do it efficiently without exhausting their tech budget or vetting multiple data providers.
Atom has been very busy in the market lately as it tries to expand its operations. The company completed a $28 million funding round last year. Following the funding round, Shoykhet noted that the company serves as an alternative to the financial information that investors try to get from Google and other search engines. However, the new platform provides a more tailored target.
He noted that the new platform is not for professional traders, but under-served professionals like those working in a company that doesn’t have access to $10,000 or $20,000 S&P of Bloomberg terminal. Shoykhet added that the tool is designed for someone not in need of something robust, but who wants a better mobile experience.
Regulators Plan A new Crypto Bill
The crypto intelligence platform launch is coming at a period when authorities are planning to set bills that will change how crypto laws are enforced.
The Digital Community Exchange Act of 2022 was introduced last month by a bipartisan group of House lawmakers. The bill is aimed at extending the oversight powers of the Commodity Futures Trading Commission (CFTC) when it comes to crypto activities.
Last month, a bipartisan group of House lawmakers introduced the Digital Commodity Exchange Act of 2022, which would extend the Commodity Futures Trading Commission (CFTC) oversight powers to cryptocurrency activities via digital commodity exchanges.