FinovateFall Sneak Peek: Ninth Wave

FinovateFall Sneak Peek: Ninth Wave

A look at the companies demoing live at FinovateFall on September 23 through 25, 2019 in New York City. Register today and save your spot.

Ninth Wave is the go-to partner for universal financial data integration, delivering a secure, seamless, and standardized information supply chain.

Features

  • Enable connectivity between banks and third parties
  • Quickly provision secure connectivity to business and consumer apps
  • Highlight new ways for banks to improve customer experiences

Why it’s great
Ninth Wave is excited to show FinovateFall attendees how easily it can enable financial institutions to provide a world-class app experience to SMBs and consumers.

Presenters

George Anderson, Founder
Under Anderson’s leadership companies have garnered honors such as Deloitte and Touche Fast 50, FinTech 100, and Software 500.
LinkedIn

Camellia George, Product Manager, UX/Privacy
Before joining the front lines of financial data access and control, George led teams at Venmo, Fab.com and WaPo.
LinkedIn

Finovate Alumni News

On Finovate.com

Around the web

  • Nice Actimize introduces surveillance system, SURVEIL-X.
  • Scalable Capital teams up with Raisin to offer its customers the ability to invest in fixed-term deposits at partner Baader Bank.
  • Standard and Premium customers of Revolut in 26 markets now have access to stock trading via the platform.
  • Financial Times highlights Meniga as a fintech to watch. Come see Meniga’s live demo at FinovateFall next week in New York!
  • NYMBUS appoints Dr. Joerg Richter as its new Chief Operating Officer, Platforms. NYMBUS will showcase its newest technology at FinovateFall next week in New York!
  • Tradeshift to help Spendency app users leverage their transaction data.
  • iProov releases HTML v.2 Beta on GitHub to help users secure user identity in HTML5.
  • Onfido earns the top spot in FinTechCity’s 2019 Fintech 50 roster.

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.

Finicity Launches Verification of Income and Employment Solution

Finicity Launches Verification of Income and Employment Solution

Real-time financial data access and insights company Finicity has unveiled its latest solution to accelerate the lending process and further the trend toward digitization in the mortgage industry. This week, the company launched its Verification of Income and Employment (VOIE) solution, which leverages bank data and a scan, photo, or PDF of the borrower’s pay statement to make borrower verifications both faster and more accurate. In its statement Finicity noted that VOIE is expected to successfully provide coverage of more than 70%. This compares favorably to the accuracy rates of existing automated solutions, which top out near 25%.

Calling Finicity’s VOIE “the new gold standard of income and employment verification,” company CEO Steve Smith suggested the technology would be a significant new resource for lenders. “We know it will be met with fast adoption by key industry players who aim to be on the cutting edge of lending technology,” he said, adding “(with) VOIE building upon our current Verification of Assets solution, lenders will now be able to use Finicity as a one-stop-shop for digital verification.”

Appreciation for Finicity’s VOIE solution has already been heard from the likes of major mortgage industry players such as Freddie Mac, Quicken Loans, and Experian – all of which have leveraged Finicity’s technology to automate the manual processes that have historically made the loan origination experience cumbersome for all parties involved.

Freddie Mac, for example, highlighted the contribution Finicity’s VOIE would bring to its own asset and income modeler (AIM). “(Our) partnership with Finicity has helped to create a waterfall-like approach by adding paystub data to our AIM capability using accurate and verifiable data that meet our underwriting standards,” Senior Director of Technology Integration at Freddie Mac Kevin Kaufman said. “This means more opportunities for representation and warranty relief and greater costs savings for lenders all while delivering a better lending experience to borrowers.”

Quicken Loans EVP of Client Experience Heather Lovier echoed Kaufman’s praise for the technology, referring to VOIE as “a critical next step in the evolution of the mortgage process.”

The news of Finicity’s Verification of Income and Employment solution comes one month after the company introduced its Student Loan Account Verification solution. This technology enables employer repayment programs to access Finicity’s ACH endpoint to confirm the accuracy of accounts and routing numbers when making loan payments on behalf of their employees. Fellow Finovate alum Vault is among the companies to have partnered with Finicity in order to put the technology to work on behalf of employer-based student loan contribution programs.

Founded in 1999 and headquartered in Salt Lake City, Utah, Finicity demonstrated its credit decisioning solutions – including its Verification of Income (VoI) and Verification of Assets (VoA) technology – at FinovateFall 2017. The company has raised nearly $80 million in funding, and includes Experian Ventures and Bridge Bank among its investors.

Earlier this year, Finicity inked a major partnership with Ellie Mae, integrating its Verification of Assets solution into Ellie Mae’s Encompass Digital Lending Platform. This makes Finicity’s technology available to the more than 230,000 users and thousands of providers who, as part of Ellie Mae’s partner network, process “approximately one-third” of all the residential loans originated in the U.S.

FinovateFall Sneak Peek: Symbiotic

FinovateFall Sneak Peek: Symbiotic

A look at the companies demoing live at FinovateFall on September 23 through 25, 2019 in New York City. Register today and save your spot.

Symbiotic is presenting a disruption that will change the payments industry; a mechanism that enables a simple cellphone to accept contactless card payments with no additional devices required.

Features

  • Now anyone with a cell phone can accept contactless card payments
  • No additional devices required, just a cellphone
  • This solution can be integrated with apps that already exist very easily

Why it’s great
Symbiotic represents a new paradigm where anyone can accept card payments with just a cellphone, no additional devices required. The possibilities are enormous and create a new era of applications in the payments industry

Presenter

Javier Chacon, Founder and CEO
Chacon has been a banker for 26 years working in the finance industry. He is an expert in digital transformation, payment methods, and innovation, as well as an industry opinion leader in the field.
LinkedIn

FinovateFall Sneak Peek: Qwil Messenger

FinovateFall Sneak Peek: Qwil Messenger

A look at the companies demoing live at FinovateFall on September 23 through 25, 2019 in New York City. Register today and save your spot.

Qwil Messenger’s single chat app enables participants in any location to engage in branded, professional conversations with their companies, whilst meeting the most stringent security and regulatory requirements.

Features

  • Highly secure conversations and file transfers with full audit record
  • Deployable in minutes in any data center globally
  • APIs for integration and automation and connectors to enterprise systems

Why it’s great
Qwil Messenger’s single chat platform replaces email for external communications on mobile and web, and works the way you want it to: as an integrated solution

Presenters

Laurent Guyot, CFO
Guyot brings extensive experience in financial strategy, marketing, and capital raising, as well as a significant network of financial services contacts globally.
LinkedIn

Peter Reading, CEO
Reading has almost 20 years of experience designing and delivering technology-led change in the financial services sector.
LinkedIn

FinovateFall Sneak Peek: Wallit

FinovateFall Sneak Peek: Wallit

A look at the companies demoing live at FinovateFall on September 23 through 25, 2019 in New York City. Register today and save your spot.

Wallit is a rewards-based savings app that helps teens save and spend money with an easy way to earn cash rewards from brands and retailers.

Features

  • Transforms how brands, retailers, and consumers engage through mobile technology
  • Provides a consumer engagement platform for banks and credit unions
  • Enables consumers to earn cash rewards for goal-based savings

Why it’s great
Wallit is a rewards-based saving app that empowers teens to manage money better with an easy way to earn cash rewards on everyday saving and spending.

Presenter

Mike Vien, CEO and Co-Founder
Vien has more than 25 years of experience as an internet executive and entrepreneur in the financial services industry.
LinkedIn.

FinovateFall Sneak Peek: MoEngage

FinovateFall Sneak Peek: MoEngage

A look at the companies demoing live at FinovateFall on September 23 through 25, 2019 in New York City. Register today and save your spot.

MoEngage is an Intelligent Customer Engagement Platform trusted by enterprises to personalize every customer interaction and drive better engagement, retention, loyalty and lifetime value.

Features

  • Bring together a unified view of your customers
  • Map out cross channel consumer journeys
  • Deliver personalized communication on the right channel and at the right time

Why it’s great
MoEngage has been rated by clients among the highest in overall experience in Gartner’s Magic Quadrant 2019.

Presenters

Ehren Maedge, VP North America
Maedge heads MoEngage’s business in North America. He is directly responsible for sales and customer relationships in the region.
LinkedIn

Sagar Gore, Sr. Director – Solutions Consulting
Gore is a seasoned MarTech professional with a rich experience of solutions consulting spanning around 15 years.
LinkedIn

FinovateFall Sneak Peek: Salary Fits

FinovateFall Sneak Peek: Salary Fits

A look at the companies demoing live at FinovateFall on September 23 through 25, 2019 in New York City. Register today and save your spot.

Get a glimpse of the future of financial wellbeing at the workplace with SalaryFits. The company will demo its easy and inclusive access to credit, as well as preview its newest feature, SalaryPay.

Features

  • Provides a cardless salary advance alternative for the unbanked
  • Enables paying for products and services with a QR code
  • Processes transactions seamlessly via salary deduction

Why it’s great
SalaryFits empowers people financially through their employment relationship. The solution improves their financial wellbeing while increasing margins for financial institutions.

Presenter

Delber Lage, CEO
Lage has advised finance and tech companies around the world to capture global opportunities. As CEO of SalaryFits, he is leading the company’s international expansion, ensuring sustainable growth.
LinkedIn.

FinovateFall Sneak Peek: PayFi

FinovateFall Sneak Peek: PayFi

A look at the companies demoing live at FinovateFall on September 23 through 25, 2019 in New York City. Register today and save your spot.

PayFi is a marketplace that allows businesses and community banks to partner through an interoperable, risk-based back-office platform for community bankers.

Features

  • Instant bank bill payment
  • Liquidity
  • Cash controls

Why it’s great
PayFi is a real-time payments platform for community banks and businesses.

Presenters

Travis Dulaney, CEO
Dulaney has 25+ years of experience in financial services, payments tech, processing, international and domestic banking, and regulatory agencies such as the FDIC, the Federal Reserve, OCFI, and CFPB.
LinkedIn

Peter Gordon, CRO
Gordon has 25+ years of experience in financial services and payments, with leadership roles at Mastercard, Santander, FIS, and RBS Citizens.
LinkedIn

FinovateFall Sneak Peek: IncomeConductor

FinovateFall Sneak Peek: IncomeConductor

A look at the companies demoing live at FinovateFall on September 23 through 25, 2019 in New York City. Register today and save your spot.

With IncomeConductor, financial advisors can create, track, and manage comprehensive income plans for clients seeking exceptional retirement experiences.

Features

  • 30+ year written income plans give clients confidence to retire
  • Daily analytics with automated de-risking alerts to protect income
  • Investor behavior management, increasing AUM capture and retention

Why it’s great
IncomeConductor gives advisors a compliant, repeatable process for serving the largest retirement cohort in history, helping them grow and ultimately transition their practice at a high valuation.

Presenters

Sheryl O’Connor, CEO
Connor has 25+ years of leadership experience in fintech. She co-founded and grew RIA to $900M AUM. She is an expert in strategic planning and executive management. LinkedIn

Tom O’Connor, CMO
O’Connor has 10+ years of experience in financial services, technology, and digital marketing. He is head of technology for a $900M AUM RIA, and an expert in digital marketing, investment data analysis. LinkedIn

FinovateFall Sneak Peek: Wise

FinovateFall Sneak Peek: Wise

A look at the companies demoing live at FinovateFall on September 23 through 25, 2019 in New York City. Register today and save your spot.

Wise offers banking and payments services for the small business ecosystem.

Features

  • Unified small business banking + payments experience
  • High Interest Checking (2% APY)
  • Instant funding on receiving payments
  • Push to debit payments
  • Business debit, credit, and virtual cards

Why it’s great
Get paid instantly and put money in the bank. No more waiting for transactions to clear.

Presenters

Arjun Thyagarajan, Co-Founder and CEO
Thyagarajan is the co-founder and CEO at Wise, bringing product and technology leadership with over 15 years of experience in building and launching successful consumer and SMB products.
LinkedIn.

Suresh Venkatraman, Co-Founder and CTO
Venkatraman is the co-founder and CTO at Wise. He is a full stack technologist and product architect bringing over 20 years of experience building software products with over 9 years at Microsoft.
LinkedIn.

Finovate Alumni News

On Finovate.com

Around the web

  • Wells Fargo announces data sharing agreement with Plaid.
  • Austin, Texas-based Velocity Credit Union picks Fiserv as its key technology provider.
  • Technology from MicroStrategy to help power analytics behind Freddie Mac’s mortgage insights tool.

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.