Apex Fintech Solutions Completes First-Ever Account Transfer Using New Automated Customer Account Transfer Service Protocols

Today’s milestone marks the first time new messaging protocols included in NSCC’s ACATS clearing service were achieved through Apex’s SaaS Account Transfer Service

DALLAS–(BUSINESS WIRE)–Apex Fintech Solutions Inc. (“Apex”), the fintech for fintechs powering innovation and the future of digital wealth management, today announced the completion of the first-ever account transfer leveraging the latest messaging protocols set by National Securities Clearing Corporation’s (NSCC’s) Automated Customer Account Transfer Service (ACATS). The account transfer was achieved through Apex’s API-based Account Transfer Service. This significant development enhances information exchange between broker-dealers.

In October 2025, NSCC plans to decommission ACATS’ legacy messaging. To support this, Apex’s Account Transfer Service is built for scale to assist financial intermediaries and NSCC members during this transition by offering a wide range of benefits, including real-time testing capabilities, leading to shorter testing cycles.

“At Apex, we are proud to have designed a seamless, API-based solution for our clearing clients and other NSCC members to help them adopt the new ACATS protocol,” said Lucille Mayer, Chief Solutions Officer at Apex. “The first account transfer on March 15, 2024, was an exciting milestone, and paves a path for other firms towards more efficient, flexible account transfer services that reduce manual processes.”

“We are pleased to see the completion of the first account transfer following the updated API protocol. We look forward to continuing this momentum and encourage other members to update messaging ahead of the deadline,” said Michele Hillery, Managing Director, General Manager of NSCC Equity Clearing, DTC’s Settlement Service.

Apex is the custodian for over 21 million investors for over 200 clients enabling hundreds of thousands of account transfers per year. In support of Apex’s commitment to modernizing the account transfer process for its clients and the industry ahead of the new protocols, the institutional-grade account transfer service is now available publicly. Apex is dedicated to making investing frictionless for financial services by providing innovative technologies to clients and staying ahead of the curve with ACATS Apex services.

ABOUT APEX FINTECH SOLUTIONS

Apex Fintech Solutions is a fintech powerhouse enabling seamless access and frictionless investing. Apex’s omni-suite of scalable solutions fuel innovation and evolution for hundreds of today’s market leaders, challengers, change makers, and visionaries. The Company’s digital ecosystem creates an environment where clients with the biggest ideas are empowered to change the world. Apex works to ensure their partners succeed on the frontlines of the industry via bespoke custody and clearing, advisory, institutional, digital assets, and SaaS solutions through its Apex Clearing™, Apex Advisor Solutions™, Apex Silver™, and Apex CODA Markets™ brands. For more information, visit the Apex Fintech Solutions website: www.ApexFintechSolutions.com.

Apex Clearing Corporation, a wholly-owned subsidiary of Apex Fintech Solutions Inc., is an SEC registered broker dealer, a member of FINRA and SIPC, and is licensed in 53 states and territories. Securities products and services referenced herein are provided by Apex Clearing Corporation. FINRA BrokerCheck reports for Apex Clearing Corporation are available at: http://www.finra.org/brokercheck

Nothing herein shall be construed as a recommendation to buy or sell any security. While we have made every attempt to ensure that the information contained in this document has been obtained from reliable sources, Apex is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in this document is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained due to the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability and fitness for a particular purpose. In no event will Apex be liable to you or anyone else for any decision made or taken in reliance on the information in this document or for any consequential, special or similar damages, even if advised of the possibility of such damages. Dissemination of this information is prohibited without Apex’s written permission.

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