Onyx Private

Onyx Private is a digital banking and wealth management platform that offers a unified, premium financial experience for high-earning professionals and entrepreneurs. The platform consolidates personal and business financial management into a single app, providing a comprehensive solution for banking, investment, and wealth management needs.

Key features:

- Unified Spending Platform: Integrates various financial tools and services, allowing users to manage expenses and investments in one location.
- Wealth Management Services: Offers a range of investment products including tax-loss harvesting, robo-advisory portfolios, fixed-income portfolios, and alternative investments such as private equity, venture capital, and hedge funds.
- Premium Financial Advisory: Provides personalized financial advice through AI-powered recommendations and access to human financial advisors via in-app chat.
- Digital-first Accounts: Offers digital onboarding for consumer and small business accounts, with features like multiple virtual cards, joint accounts, and authorized users, built with advanced security tools.
- White-label Platform-as-a-Service: Provides a solution for community banks, regional banks, and credit unions to launch digital apps targeting young affluent consumers.

How it works:

1. Users sign up for an Onyx Private account through the web app.
2. The platform integrates with the user's existing financial accounts and tools.
3. Users can manage their spending, investments, and wealth through the unified platform.
4. AI-powered recommendations and human advisors provide personalized financial advice.
5. Additional services such as tax-loss harvesting and alternative investments can be accessed as needed.

Integrations:

Financial institutions, investment product providers

Use of AI:

Onyx Private utilizes AI to enhance its financial advisory services, providing personalized recommendations and automating tasks such as tax-loss harvesting. The AI analyzes user data and financial market trends to generate these recommendations.

AI foundation model:

The specific AI foundation model is not explicitly mentioned, but the platform likely uses machine learning algorithms for data analysis and recommendation generation.

Target users:

- High-earning professionals
- Entrepreneurs
- Individuals seeking a premium financial management solution

How to access:

Onyx Private is available as a web app. Users can sign up through the company's website to access the platform and its services.