Bricknode Blog

The great new feature called KycDate

Bricknode Blog

With release 2.23 of Bricknode Financial Systems we just added a new native field for Legal Entities called KycDate. KYC is short for “Know Your Customer” and if you are operating a regulated financial service company chances are that you have to do a lot of work around this topic. Now, why is a simple […]

Customize Bricknode Financial Systems and make it your own

Bricknode Blog

At its core, Bricknode Financial Systems is like a database application for building financial applications where you don’t have to host and maintain the database. With its API you can basically develop any financial service that you would like and not have to invent the wheel again. Custom fields are a way for anyone to […]

The future of IT at financial institutions

Bricknode Blog

How should financial institutions think about their future IT needs to stay competitive and offer superior value and experiences for customers? In our opinion, the days are numbered for monolithic software systems being custom developed for financial institutions seeking to streamline their current operations. In a rapidly developing world where regulations are continually changing, together […]

What is a bond and how does it work?

Bricknode Blog

We just released a new video that shows how a bond instrument works and a heads up on our release of the Bond Manager which will be released shortly.

How to submit periodic reporting to financial regulators with the new XBRL format

Bricknode Blog

Financial institutions has to perform periodic reporting to their local regulator, like Finansinspektionen in Sweden. With ever changing directives from the local regulator and the European Union the reporting can pose quite a problem with a lot of confusion. In order for the regulated companies to fullfil the reporting requirements it is necessary that the […]

Bricknode significantly increases the release frequency of its cloud based wealth management and FinTech platform

Bricknode Blog

Traditionally within the area of wealth management software applications the time that has passed between new version releases has been significant. Due to the monolithic size of these applications, and the fact that they have not been cloud based, it has been common practice to send one or two releases per year to the users. […]

Breaking down the 4 main hurdles for FinTech companies

Bricknode Blog

FinTech startups looking for a breakthrough in today’s marketplace are facing a few key hurdles that I am trying to address, and offer solutions to, in this article. Having founded, operated and sold a few FinTech companies during the last few years I have faced most of the issues that come up along the way […]

Bricknode takes a bet on the open platform

Bricknode Blog

Apple and Google are two examples of how immense growth and success can be achieved in the technology area by utilizing different methodologies. Apple is innovating in a more closed and direct manner which was a success factor from the days of Steve Jobs. Google on the other hand is a more open company where […]

An “App Store” for FinTech

Bricknode Blog

The Bricknode Marketplace has now reached 35 apps and works as an app store for FinTech applications. Launching the Bricknode Marketplace accomplished several things for us, first we created an online store where the users of the Bricknode Platform could buy specialised applications to extend the functionality of the platform. For example there are applications available […]

Why financial software should be sold on a pay per use basis

Bricknode Blog

Financial institutions, at least in the Nordic region, is still used to buying core business software like back office and broker solutions that are delivered to them on a server of their own and installed by a team of consultants while paying a large up-front fee. In 1999 Salesforce was launched and the way business […]