Gro Solutions Archives - Page 3 of 3

Gro Solutions’ Account Opening Solution Limits Text Input to Reduce Abandonment

By Julie Muhn (@julieschicktanz) Posted on September 16, 2015
Categories: FinovateFall 2015, Gro Solutions

This post is part of our live coverage of FinovateFall 2015.

Gro Solutions demonstrated how its Account Opening solution reduces abandonment:

Gro Account Opening is the first and only solution on the market offering online, mobile web and native mobile app account-opening solutions for use by both financial institutions’ customers and employees. Gro Account Opening leverages an innovative, concise workflow along with a multilayered approach and other features to limit manual text input and reduce high abandonment rates. Whether online, on the go, or at the branch, financial institutions can open and fund new accounts in less than four minutes.

Gro presenters: CEO David Eads and CRO Paul Mackowick

Product Launch: November 2014
Metrics: In 2014, Gro Solutions’ parent company Mobile Strategy Partners (MSP) increased its year-end revenues by more than 200%. This increase was largely due to strong market adoption of its digital account opening solutions, which led to the launch of Gro Solutions. Gro Solutions has 30 full time employees and expects to have at least 46 financial institutions live by late 2015.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Atlanta, Georgia
Founded: July 2015
Website: grobanking.com
Twitter: @grobanking

Finovate Alumni News

By David Penn Posted on August 21, 2015
Categories: Avoka, CashStar, Emailage, Ethoca, Fenergo, FundAmerica, Gro Solutions, Holvi, Intuit, Kapitall, RedCloud, Silanis Technology, TIO Networks, TransferTo, Voitrax, Xero

On Finovate.com

“Finovate Debuts: Emailage Detects Fraud Through User’s Email Address”

“Finovate Debuts: FundAmerica Helps Crowdfunders Stay Compliant”

Check out part two of our FinovateFall Sneak Peek series:
- Gro Solutions
- Kapitall
- Voitrax
- TransferTo
- RedCloud
- Ethoca

“TIO Networks Garners $1.7 Million From Secondary Stock Offering”

Around the web

CashStar names Katherine Edenbach as its new corporate controller.

E-SignLive by Silanis picked as a KMWorld Trend-Setting Product of 2015.

The Unicorn Farm interviews Xero CEO Rod Drury.

CIO cites Avoka’s win of most innovative customer solution during Citi’s demo day in London.

Aquiline Capital Partners reveals an investment in Fenergo, an Irish-client, lifecycle-management specialist.

Intuit to sell off Quicken with no plans to divest Mint or Mint bills.

Holvi launches app for iOS and Android.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateFall Sneak Peek: Gro Solutions

By Julie Muhn (@julieschicktanz) Posted on August 20, 2015
Categories: FinovateFall 2015 Sneak Peek, Gro Solutions

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Be sure to pick up your tickets to our annual autumn conference, and we’ll see you in New York!

Gro Solutions’ Gro Account Opening helps financial institutions present a mobile front door that meets and exceeds the mobile expectations of the new customer.

Features:

Embraces what mobile does well and minimizes its shortcomings
Streamlines data-entry to reduce abandonment rates
Introduces entirely new account-origination system: new process and experience

Why it’s great
With Gro Account Opening, financial institutions are seeing their mobile account opening abandonment rates dramatically fall, below even those of the typical online rates.

Presenters

David Eads, CEO
Eads is a frequent industry speaker and veteran of the mobile banking industry, previously with mFoundry (now FIS) and Kony.
LinkedIn

Paul Mackowick, CRO
Mackowick has 25+ years in enterprise marketing and sales with IBM, Oracle, mFoundry (now FIS) and Mitek.
LinkedIn