Fidelity
“Can Fidelity own the rails — custody, data access, workplace retirement, and lending — that connect Americans to their financial lives across every life stage?”
Founded in 1946 as a mutual fund manager, Fidelity evolved into one of the largest diversified financial services firms globally, offering retail brokerage, retirement plan administration, institutional custody, and wealth management. Over the decades, Fidelity increasingly embedded financial products into its platform for both consumers and employers — including securities-backed lending, workplace retirement plans, and stock plan services. In the 2020s, Fidelity leaned into open banking infrastructure via its co-founding and leadership of Akoya, positioning itself as a data access gatekeeper for the US financial system.