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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
All three financial institutions announced this month that they are teaming up with small business lending platform JUDI.AI.
In a series of blog posts at the company’s website, JUDI.AI’s Director of Marketing Kyle Thom welcomed the three credit unions to what he called “our growing group of 35+ forward-thinking community lenders who are on a mission to reinvent small business lending.”
JUDI.AI offers credit unions and community banks an alternative approach to helping small and medium sized businesses secure the funding they need. The company enables financial institutions to digitally transform their credit decisioning and underwriting operations to assess the financial health of their small business customers and members on a continuous basis.
In addition to instant cash flow analysis, automated underwriting, continuous monitoring, and real-time portfolio reporting, JUDI.AI adds automated analysis of current banking data to supplement traditional financial data sources such as credit scores and financial statements.
Here’s a look at JUDI’s new partners:
Apple Federal Credit Union. $4.3 billion in assets. 240,000+ members, Twenty-one locations across northern Virginia.
Carter Credit Union. $722 million in assets. 55,000+ members. Eleven locations in Louisiana, Arkansas, and Fort Worth, Texas.
SCU Credit Union. $1.1 billion in assets. 67,000+ members. Eight locations in southern California and southern Nevada.
Founded in 2016 and headquartered in Vancouver, British Colombia, Canada, JUDI.AI made its Finovate debut at our all-digital fintech conference, FinovateWest 2020. Most recently, the company demoed its technology at FinovateSpring 2022. At the event, Thom and JUDI.AI Chief Product Officer Su Ning Strube, demonstrated how the platform enables lenders to process 50% more SME loan applications without committing any additional resources, and approve 20% more loans with no added risk.
“What makes JUDI.AI unique in that we identify cash flow metrics that are predictive and correlated to future defaults, and we combine that information in our proprietary small business model with traditional credit scores to calculate the creditworthiness of any borrower,” Su Ning Strube explained from the Finovate stage.
In addition to the credit unions signed in April, JUDI.AI this year has also welcomed Canadian alternative lender Glasslake Funding and Hawaii’s Kauai Federal Credit Union to its client roster. Kauai FCU is the first and only certified Community Development Financial Institution (CDFI) on the island of Kauai.
Data privacy vault Skyflow has raised $30 million in an extension Series B round led by Khosla Ventures.
The investment comes amid growth in the market for sensitive data protection for Large Language Models (LLMs).
Founded in 2019, Skyflow made its Finovate debut at FinovateSpring 2022.
Data privacy vault Skyflow raised $30 million in an extension of its Series B funding round. The round was led by Khosla Ventures, and featured participation from existing investors Mouro Capital, Foundation Capital, and Canvas Ventures. The investment takes the company’s total equity capital to $100 million, according to Crunchbase. Valuation information was not immediately available.
The investment in Skyflow arrives as the proliferation of Large Language Models (LLMs) raises the stakes when it comes to protecting sensitive data. Skyflow’s global network of data privacy vaults enables businesses to isolate, protect, and manage sensitive customer data across any app, data cloud, or LLM. Skyflow supports nearly a billion records of user data for its customers and processes more than two billion API calls a quarter.
“We see an urgent need for companies to make privacy a core part of their technology stack as LLMs and AI hurdle forward, ingesting more and more personal data,” Skyflow Co-founder and CEO Anshu Sharma said. “Skyflow is the only solution that allows companies to build privacy by design into their technological infrastructure without overhauling anything – anywhere in the world.”
Skyflow credits a proprietary technology – polymorphic encryption – for its ability to protect data without inhibiting its usability for critical business tasks. Skyflow’s technology serves as a “privacy trust layer,” blocking sensitive information from entering AI models, and making adoption of AI technology safer. Companies can personalize their own definition of “sensitive data” as needed, providing additional protection beyond PII, intellectual property, or other categories of critical information.
“With the advent of enterprise applications powered by AI, the need for trust and privacy infrastructure is key to protecting sensitive data,” Khosla Ventures founder Vinod Khosla said. “Skyflow is rethinking how data can be managed and protected across any app, cloud, or LLM, making it a company that will be vital for every enterprise business.”
Founded in 2019, Skyflow made its Finovate debut at FinovateSpring 2022. At the conference, the company showed how its technology helps financial services companies securely orchestrate sensitive data and exchange it with third party providers without having to directly handle the data itself.
Interested in demoing at FinovateSpring in San Francisco in May? We are happy to read applications from innovative companies with new solutions that are ready to show. Visit our FinovateSpring hub today to learn more.
Happy Earth Day! Partnerships in payments and fundraising in the international investment/wealth management space are dominating fintech news headlines as the week begins.
Subscription management and billing platform Recurlyintroduces new dashboards with built-in benchmarks.
Klarnasells Hero, the virtual shopping platform it acquired in 2021, for $1.3 million (€1.3 million).
SplititunveilsFI-PayLater to empower banks to provide in-checkout installments for existing customers.
Identity verification
Financial crime risk data and fraud detection technology company ComplyAdvantageacquires knowledge graph builder Golden.
AU10TIXannounces $18 billion in business fraud prevented since 2021.
Small Business Tools
BaswareintroducesAP Protect, an AI-powered solution that empowers finance teams to protect their organizations against profit loss, invoice errors, and fraud.
Marqetapartners with OakNorth to offer commercial cards in the U.K.
Payroll
Ripplingraises $200 million in new financing with $13.5 billion valuation.
U.K.-based core banking platform 10x Banking announced a strategic alliance agreement with Deloitte.
As part of the agreement, 10x will build a series of Centres of Excellence in the U.S., U.K., and India to facilitate collaboration between the two firms.
10x Banking won Best of Show in its Finovate debut at FinovateEurope 2023.
SaaS core banking platform 10x Banking has inked a strategic alliance agreement with Deloitte. Effective in both the U.S. and the U.K., the agreement will power greater cooperation when it comes to helping financial institutions around the world access transformative technologies.
As part of the strategic alliance, the two firms will launch a series of 10x Centres of Excellence in the U.S., the U.K., and India. The centers will facilitate collaboration between 10x Banking and Deloitte, and should be fully-staffed with their initial 100-member teams by the end of the year.
Courtesy of the alliance, the 10x platform will also be fully integrated into BankingSuite from Converge by Deloitte. BankingSuite is a modern composable platform that enables banks to build new digital capabilities at pace. Introduced in 2022, Converge combines Deloitte’s software, industry expertise, and partner ecosystem to help Deloitte’s clients maximize the opportunities of digital transformation and emergent technologies. This collaboration, between 10x and Converge, will focus initially on serving credit unions, building societies, and mutual banks to help them fulfill their digital transformation goals faster and with less cost.
“By working with Deloitte, we will enable banks and mutuals across the U.S., U.K., and beyond to modernise their legacy tech and deliver financial products and services fit for the 21st century,” 10x Banking Founder, Chair, and CEO Antony Jenkins said. “With Deloitte’s global experience and our leading technological solutions, we have a strategy in place to enact widespread change in the pursuit of making banking ten times better.”
Founded in 2016 and headquartered in London, U.K., 10x Banking made its Finovate debut at FinovateEurope 2023. The company won Best of Show for its demo of its 10x Bank Manager, which offers a no-code interface to enable product teams to “build products, offerings, brands, and even enter new markets at speed,” as Product Marketing Manager Nicole Sanders explained at the conference. “Code less. Innovate more.”
10x Banking began 2024 partnering with mortgage origination platform Mast. The partnership will enable real-time connectivity between the two platforms, giving lenders streamlined data exchange and real-time mortgage servicing. Mast CEO Joy Abisaab said that working with 10x would “empower U.K. lenders to unlock new levels of operational efficiency and enable the delivery of exceptional customer experiences.”
10x Banking has raised $297 million in funding. The company includes JPMorgan Chase and BlackRock among its investors.
This week’s edition of Finovate Global reviews the latest fintech developments in Central and Eastern Europe (CEE).
This region features a diverse range of countries including Albania, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic, and Slovenia. More than 250 million people live in the CEE, which has a combined GDP of $2.6 trillion.
Romania’s Salt goes live with Starling’s SaaS platform
Romania’s Salt Banklaunched this month, giving the country its first 100% digital bank. Salt Bank reported that more than 80,000 people signed up in less than three weeks to be a part of the new financial institution.
“By launching Salt, we are not only bringing the first 100% Romanian neobank to the Romanian market, but we are also offering a unique perspective that combines technology and finance,” Salt Bank CEO Gabriela Nistor said.
Salt Bank currently offers 3% yearly interest on current accounts as well as on Spaces, Salt Bank’s savings account offering, as long as customers make payments of 1,000 lei/month or more (equivalent to $215). Customers also get a multi-currency card that enables transactions in 17 currencies around the world. Users of the Salt banking app can take advantage of money management tools, in-app card controls, as well as Apple and Google Pay in-app provisioning.
Headquartered in Bucharest, Salt Bank is owned by the Banca Transilvania Financial Group. The institution also offers its customers the opportunity to become founders of Salt Bank and, ultimately, shareholders in the event that the institution goes public. Salt Bank notes that its Salt Founders Community currently has 2,200 members.
Powering the launch is Starling’s SaaS platform Engine, which helped the digital bank onboard 100,000 customers in the first two weeks of operation. And although AMP Bank in Australia has also announced that it will deploy Engine, the institution is not scheduled to do so until 2025, making Salt Bank the first bank to go live with the technology.
“Our work with Salt Bank shows just what our platform is capable of,” Engine by Starling CEO Sam Everington said, “Starling’s feature rich and highly personalizable banking products can be deployed around the world to attract impressive customer volumes, while our operational experience and cloud-expertise can help build, launch, and run a bank in less than 12 months.”
Latvian fintech inGain raises EUR 650,000
inGain, a no-code SaaS loan management system based in Latvia, has raised $692,000 (EUR 650,000) in funding. Participating in the investment were VC funds Trind VC and Fiedler Capital. The Latvian Business Angels network and other business angels were also involved in the round.
The funding announcement marked the first publicly announced investment in a Latvian startup in 2024. The company will use the capital to complete work on its SaaS-based loan management system that helps facilitate lending for products that banks traditionally have been reluctant to finance. inGain Co-founder and CEO Armands Liseks explained how inGain works, using the example of a family trying to decide whether or not to commit to their child’s efforts to become the next Mozart.
“Some parents are ready to buy a piano, but what happens if they spend several months trying to persuade their kids to play the piano, but their kids still refuse to play it?” Liseks asked. “It is with this kind of situation in mind that the seller would like to offer piano leasing. For parents, this means that the payment for the musical instrument will be higher. However, this also gives them two options: either the piano is eventually purchased in full or can be returned to the seller at any time.”
Liseks added that inGain’s solution even benefits those who know they are ready to buy. “How can the bank offer leasing for the piano?” he said. “Most likely it will advise the customer to use a credit card or take out a consumer loan with 20% interest, which makes no sense whatsoever.”
inGain is headquartered in Riga. The company was founded in 2011.
Bulgaria’s Paynetics acquires UK neobank Novus
Here is some CEE-based acquisition news in the payments space that slipped beneath our radar this spring. Bulgaria’s Paynetics has acquired Novus, a neobank based in the U.K., for an undisclosed sum.
A B-corp certified digital bank – and self-described “impact neobank” – Novus enables customers to monitor their carbon footprint and get cashback when they make sustainable purchases via the app. Additionally, Novus automatically directs a portion of revenue from every transaction to an NGO of the customer’s choice.
For Paynetics, the acquisition will enable the company to offer carbon- and climate-conscious solutions to customers as well as expand “the environmental, social, and governance (ESG) ecosystem across Europe.” Paynetics will also leverage the acquisition to help its clients achieve their social and environmental goals via its own embedded finance solution.
“This deal not only reinforces our dedication to ESG but also marks a significant leap forward in revolutionizing the financial sector with our cutting-edge embedded finance suite,” Paynetics noted in a post on LinkedIn.
Founded in 2005 and headquartered in Sofia, Bulgaria, Paynetics acquisition news comes a year after the firm was granted an electronic money institution (EMI) license from the U.K.’s Financial Conduct Authority (FCA). Last month, the company announced that it had promoted Hana Rolles from Chief Revenue Officer to U.K. Chief Executive Officer.
Here is our look at fintech innovation around the world.
Latin America and the Caribbean
U.S.-based recurring payments platform Toku raised $93 million in funding to power its expansion in Mexico, Brazil, and Chile.
Core banking software provider Tuumannounced its expansion to the Middle East and the establishment of a regional headquarters at ADGM.
Israel’s central bank reported that it will launch a sandbox to enable private sector entities to experiment with central bank digital currencies (CBDCs).
UAE-based digital fintech infrastructure firm Fils teamed up with digital banking solutions company Aion to advanced ESG in the MENA region.
Central and Southern Asia
Amazon Pay introduced credit services to the Unified Payments Interface (UPI) platform in partnership with the National Payments Corporation of India.
Bankjoy, a digital banking provider for banks and credit unions, announced a partnership with Pinwheel this week.
Bankjoy will help its more than 70 bank and credit union customers integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime.
Pinwheel Prime has been credited with increasing direct deposit enrollment by 32%.
Digital banking provider Bankjoy has partnered with Pinwheel to help financial institutions remove friction from the account activation process.
Via the partnership, Bankjoy will enable its 70+ bank and credit union customers to integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime. Pinwheel Prime offers a two-click deposit switch that enables customers to set up their direct deposit in seconds rather than dealing with a multi-step process that requires customers to exit the banking experience.
“By seamlessly integrating from Bankjoy online account opening through various tightly-knit third-party integrations like Pinwheel, we can equip our clients to excel in the competitive deposit market,” Bankjoy COO Weiwei Duncan said. “Our goal is clear: to ensure that our clients not only compete but win the deposit war, leveraging technology to streamline processes and enhance user engagement.”
According to research from Pinwheel, solutions that make deposit switching faster and easier can significantly impact deposit growth. Pinwheel’s own deposit switching technology can enable FIs to boost direct deposit enrollment by 32%, and reduce the amount of time before a customer makes their first direct deposit by 65%.
“With this collaboration, we can bring the ability to easily switch direct deposit settings to an even wider set of consumers, facilitating a fairer financial systems with greater choice and portability,” Pinwheel Co-founder and CEO Kurtis Lin said.
Headquartered in New York and founded in 2018, Pinwheel began the year teaming up with Finovate alum Jack Henry to imbed its direct deposit switching (DDS) solution into Jack Henry’s Banno Digital Toolkit. Pinwheel has raised $77 million in funding according to Crunchbase, and includes Indeed and Franklin Templeton among its investors.
A Finovate alum since 2016 , Bankjoy most recently demoed its technology at FinovateFall last year. At the conference, the company, in partnership with Panacea Financial, showing how the fintech helped the digital neobank provide financial services to medical professionals.
So far this year, Bankjoy has added two new financial institutions to its customer base: Oregon State Credit Union, which teamed up with Bankjoy in February, and Emporia State Federal Credit Union, which partnered with Bankjoy in March. Oregon State CU ($2+ billion in assets; 142,000+ members) will deploy Bankjoy’s online account opening solution as part of its strategy to fuel new member acquisition and grow deposits. Emporia State FCU, headquartered in Emporia, Kansas, launched its online and mobile banking app in March courtesy of its partnership with Bankjoy. Emporia State FCU has more than $130 million in assets and 7,800+ members.
Founded in 2015 , Bankjoy is headquartered in Royal Oak, Michigan.
AI integration platform AI Squared raised $13.8 million in Series A funding this week.
Participating in the round were ANSA Capital (Allan Jean-Baptiste), NEA (Greg Papadopoulos), and Roger W. Ferguson Jr., former Vice Chair of the Federal Reserve System and CEO of TIAA.
AI Squared made its Finovate debut at FinovateSpring 2023 in San Francisco, California.
AI integration platform provider AI Squared has raised $13.8 million in Series A funding. The Washington, D.C.-based startup, which made its Finovate debut at FinovateSpring last year, said that the investment will help the company fulfill its goal of “fostering widespread AI adoption by embedding AI-generated data insights directly into mission-critical applications and everyday workflows,” wrote AI Squared Founder and CEO Benjamin Harvey in a blog post this week.
“As we embark on the next phase of our post-Series A journey,” Harvey added, “AI Squared remains committed to advancing seamless AI integration and real-time feedback capabilities through the development of reverse ETL and lean AI functionalities.”
Participating in the Series A were ANSA Capital (Allan Jean-Baptiste), NEA (Greg Papadopoulos), and Roger W. Ferguson Jr., former Vice Chair of the Federal Reserve System and CEO of TIAA. The investment takes the company’s total equity capital to $19.8 million, according to Crunchbase.
Founded in 2019, AI Squared helps companies integrate AI functionality into their applications. The company’s integration platform enables the integration of AI and machine learning technology into any web-based application, shortening integration times from eight months to eight hours. AI Squared enables companies to build seamless connections between data sources and applications; give their business teams easily consumable, relevant, actionable insights; and create feedback loops between consumers and developers that enhance data quality.
In his statement on the company’s recent funding, Harvey underscored that third point about AI Square’s technology, emphasizing it as a “core differentiation” from other providers. “By incorporating real-time feedback mechanisms, like survey questions, directly within business application workflows, we create a feedback loop between line of business employees and data science teams,” Harvey explained. “This allows for prompt improvements to the performance and accuracy of AI models and how insights are delivered to the business.” The result, Harvey said, was a gain in “confidence in AI’s effectiveness within business operations and workflows.”
Learn more about the company and its founder. Read our interview with AI Squared’s Benjamin Harvey from August of last year.
Interested in demoing at FinovateSpring in San Francisco in May? We are happy to read applications from innovative companies with new solutions that are ready to show. Visit our FinovateSpring hub today to learn more.
Our series on conversations with fintech experts from FinovateEurope continues this week. Today we feature three interviews I conducted with fintech professionals innovating in some of the more interesting areas of our field:
a discussion with everyoneINVESTED’s Jurgen Vandenbroucke on the challenge of embedding emotion into financial technology
a conversation with BBVA’s Jose Luis Navarro on open banking and the future of financial services
an interview with Katharina Lüth, Chief Client Officer and Managing Director at Raisin, on the importance of personalization in the customer experience.
Wealthtech: bringing investment solutions to banks and customers
Jurgen Vandenbroucke, Managing Director at everyoneINVESTED, talks about the unique challenges of innovating in the wealth management and investment space. He shares his thoughts on what digital engagement really means when it comes to serving investors, and discusses what changes he sees in the regulatory landscape for investors in the U.K. and Europe.
Open banking and the future of financial services
Head of Open Banking Strategy at BBVA, Jose Luis Navarro, discusses the different approaches to open banking in Europe, North America, South America, and beyond. He covers the role of regulation, the importance of understanding third party risk, and the way customer demand is shaping the perception of open banking.
Personalization and customer engagement in an international financial services company
Chief Client Officer and Managing Director at Raisin Katharina Lüth talks about the importance of personalization and customer engagement in an international financial services company. Lüth discusses how Raisin develops personalization strategies across multiple geographies, how to manage friction in the customer experience, as well as current economic trends in the U.K., Europe, and the U.S.
Cash exchange network Coinme has partnered with digital payments platform CiNKO.
The collaboration will enable Coinme customers to send funds to CiNKO wallets and cash out at participating MoneyGram locations in Latin America.
Seattle, Washington-based Coinme made its Finovate debut at FinovateSpring 2022.
A collaboration between digital payments platform CiNKO and cryptocurrency cash exchange Coinme is designed to boost access to digital assets for millions around the world. Courtesy of the partnership, Coinme customers will be able to send funds to CiNKO wallets and pick up cash from participating MoneyGram outlets in Latin America and the Caribbean.
“Our collaboration with Coinme represents a pivotal step towards advancing financial inclusion and democratizing cryptocurrency access,” CiNKO Co-founder and CEO Richard Douglas said. “By leveraging our platforms, we aim to establish a more accessible, secure, and cost-effective ecosystem for users globally.”
Founded in 2016 and headquartered in Costa Rica, CiNKO innovates at the intersection of decentralized blockchains and inexpensive mobile technology to help provide banking and payment services to the unbanked and underbanked. The company offers a digital payments platform that enables cross-border transfers, payout distributions, and payment processing via traditional rails, stablecoins, and more. Available in 44 countries in Latin America and the Caribbean, the company boasts low fees, including no administrative or processing fees.
“Coinme is proud to be aligned with CiNKO in a vision that both companies share,” Coinme Co-founder and CEO Neil Bergquist said. “Our mission is to provide more individuals around the world with access to a better financial future via cryptocurrency. This partnership serves that mission and the millions of people who benefit from trusted access to cryptocurrencies.”
Coinme made its Finovate debut at FinovateSpring 2022 in San Francisco, California. At the conference, the company demoed its Embedded Crypto Finance solution, a crypto-as-a-service offering that “crypto-enables” fintechs and financial institutions, allowing them to add digital asset transaction and storage functionality to their platforms. Headquartered in Seattle, Washington, and founded in 2014, Coinme powers the world’s largest cash exchange, with more than 40,000 brick and mortar locations to facilitate instant transfers from cash to crypto and from crypto to cash.
Last month, Coinme introduced its latest cash-to-crypto experience. In addition to announcing new automatic fulfullment functionality via Coinme’s partnership with Coinstar, the company also announced higher purchasing limits. Users can now buy up to $9,500 in crypto daily and $60,000 in crypto monthly for cash transactions. Also in March, Coinme announced a major expansion of its cash network, adding 22,000+ ATMs to facilitate instant cash outs.
Nine Finovate alums raised more than $113 million in Q1 of 2024. The relatively low fundraising results for the first three months of the year do reflect larger trends in fintech funding. But the fact that nearly half of the alums that raised funds in Q1 did not disclose the amounts raised tells us that the quarterly funding haul for Finovate alums was higher than the $113 million we have been able to confirm.
The biggest fundraising month of Q1 was likely January, which featured the $58 million investment secured by Digital Onboarding. Again, the high number of “amount undisclosed” investments makes comparison difficult.
Top Equity Investments from Q1 2024
Digital Onboarding: $58 million
Argyle: $30 million
Amplify Life Insurance: $16.3 million
Altro: $4 million
As noted above, Digital Onboarding pulled in the biggest investment of any Finovate alum in the first three months of the year. Also noteworthy was the $30 million raised by Argyle, a real-time income data platform that made its Finovate debut at FinovateSpring in 2022.
Here is our detail alum funding report for Q1 2024.
January: More than $58 million raised by three alums
If you are a Finovate alum that raised money in the first quarter of 2024 and do not see your company listed, please drop us a note at research@finovate.com. We would love to share the good news! Funding received prior to becoming an alum not included.
Embedded finance innovator mmob announced a partnership with U.K.-based fintech Satago.
The partnership will make it easier for lenders and corporations to integrate Satago’s cash flow and invoice financing solutions for SMEs.
mmob won Best of Show in its Finovate debut at FinovateEurope 2022.
Embedded finance specialist mmobhas forged a partnership with U.K.-based fintech Satago. The partnership will help lenders and corporates more easily integrate and embed Satago’s Invoice Finance and Cash Flow solution – including its 3-in-1 Working Capital solution. This is courtesy of mmob’s hyper-efficient, “single snippet of code” integration that reduces the time required to embed Satago’s technology to “mere hours.”
After it has been embedded, the solution then enables SMEs to access Satago’s Invoice Financing, Risk Insights, and Credit Control offerings via their digital channels. Automatic, periodic updates ensure that the technology scales and optimizes as the business grows and expands.
“Satago’s invoice financing and cash flow management solution is a vital tool, and we are delighted to be able to help them integrate into SME-facing platforms at speed,” mmob Founder and CEO Irfan Khan said. “Mmob’s universal API adaptor removes the barriers of time and cost for companies who want to add a new solution for their customers, so now it’s easier than ever to work with Satago.”
Satago leverages real-time data, Open Banking, and API technology to help lenders and other businesses streamline operations, increase revenues, and improve the customer experience. Its 3-in-1 Working Capital solution combines invoicing financing, risk insights, and credit control to enable lenders to offer faster financing, control credit risk, and get repaid sooner. In February, the company announced that it was joiningNayaOne’s Tech Marketplace. Founded in 2012, Satago was acquired by Oxygen Finance in 2017.
Headquartered in London and founded in 2020, mmob won Best of show in its Finovate debut at FinovateEurope 2022. At the conference, the company showed its Intelligent Partnerships Infrastructure, which enables third-party providers to leverage no-code tools to build and deploy digital customer experiences. The solution includes an Analytics Module that allows companies to analyze both user behavior and revenue to further innovate and enhance the user experience.
mmob has raised $6.2 million (€5.8 million) in funding, according to Crunchbase. The company’s financial backers include high net worth individuals, banking executives, as well as angel investors.
Innovative technologies are proliferating. From the renewed excitement around cryptocurrencies and blockchain technology to the challenges and opportunities of AI, individuals and organizations alike are discovering novel ways to live, learn, and earn.
Banks, financial services companies, and fintechs are no exception – which makes us all the more excited to feature futurist, digital anthropologist, and author Brian Solis as our FinovateSpring Out of the Box Keynote speaker at our upcoming fintech conference in May.
Titled The Cycle for Emerging Technologies: Which Will Really Matter to Financial Services Providers and Why?, Solis’ keynote address will encourage financial institutions to be proactive when it comes to engaging emerging technologies. Indeed, the extended title of his presentation warns: “If You’re Waiting for Someone to Tell You What to Do, You’re On the Wrong Side of Change.”
Referred to as “one of the more creative and brilliant business minds of our time” by Forbes, Brian Solis specializes in the impact of technological innovation on business and society. In his most recent book, Lifescale: How to Live a More Creative, Productive, and Happy Life, Solis discusses the challenges of – and solutions to – living in a world of ever-present digital distractions. His upcoming book, Mindshift: Ignite Change, Inspire Action, and Innovate for a Better Tomorrow, is designed to help people navigate, or even lead, in a digital-first, post-industrial era.
Formerly VP of Global Innovation for Salesforce, Solis is currently Head of Global Innovation for ServiceNow. As such, he leads vision, strategy, and programming for the company’s international innovation and Executive Briefing Centers. In addition to his keynote address on Day One of FinovateSpring, Solis will also join attendees for a book signing during the networking session immediately following his presentation.
