December 2022 Summaries

Alpaca, a modern stock and crypto investing platform, won the Best Automated Trading Software award at the 8th annual Benzinga Global Fintech Awards in 2022. The recognition is attributed to Alpaca's innovative API-first investing infrastructure that enables easy trading with algorithms and integrates into various apps and services. The company's commitment to building a developer-friendly financial services infrastructure has been acknowledged by the award, highlighting its focus on cutting-edge technology and real-time event-driven architecture. As a result of this distinction, Alpaca aims to continue developing versatile products for its users built on advanced technology.

Abyan Capital, a Saudi Arabian robo-advisor, was established in June 2021 to cater to the country's multi-billion dollar asset management industry, focusing on retail wealth management which none of existing players were addressing. The platform offers a seamless and easy-to-use investing experience with features such as onboarding completion in under 3 minutes, portfolio recommendations, and funding options like Apple Pay. Abyan Capital partners with Alpaca Broker API to provide its services, leveraging their modern APIs, well-documented process, and product velocity to support retail investors in Saudi Arabia. The platform has already reached over 100,000 app downloads within three months of launch.