Author: David Penn

PeoplesBank Partners with Gro Solutions to Enhance Mobile and Online Customer Experience

PeoplesBank Partners with Gro Solutions to Enhance Mobile and Online Customer Experience
By David Penn Posted on
Categories: Gro Solutions

Pennsylvania-based PeoplesBank will rely on the Digital Sales Platform from Gro Solutions to implement its new online banking strategy. The bank sees the fintech’s digital platform as key to helping it provide a streamlined and mobile onboarding experience, reduce application abandonment, and provide a better overall mobile and online experience for customers.

Putting speed and simplicity at the top of the bank’s list, Communications and Digital Marketing Specialist for PeoplesBank Heather Noll said, “We really like the fact that with Gro our clients can open an account online in under five minutes. We want to give our clients the best experience possible, and we’re excited to be able to provide that extra ease of use for them.”  PeoplesBank plans to make the new Gro services available later this year.

Gro Solutions CEO David Eads underscored both factors in his statement on the partnership. “Reaching today’s bank customers requires not only a fast, easier digital process, but also the ability to fine-tune the details of their product offerings and risk profile,” Eads said. “We welcome the opportunity to help PeoplesBank fulfill that need for its customers and look forward to collaborating with the bank to support its digital banking growth initiatives.”

PeoplesBank is a Codorus Valley Company and a wholly-owned subsidiary of Codorus Valley Bancorp Inc. the largest independent FI based in York County, Pennsylvania. Serving customers in South Central Pennsylvania and Central Maryland, PeoplesBank has more than $1.7 billion in assets and provides consumer, business, wealth management, and mortgage services.

Gro Solutions demonstrated an extension of its Gro Digital Sales Platform at FinovateFall 2017. More recently, the Atlanta, Georgia-based company, founded in 2015, announced a partnership with Congressional FCU ($900 million in assets) that will bring its Digital Sales Platform to the 47,000-member institution. Also this year, Gro Solutions teamed up with Michigan-area 4Front CU ($488 million in assets) to deploy its Gro Checkout solution. The company began the year with another Gro Checkout deployment, this time with $106 million Surety Bank based in Florida.

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FinovateSpring Sneak Peek: NuData Security

FinovateSpring Sneak Peek: NuData Security
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 Sneak Peek, NuData Security

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

End friction on all legitimate customers that share one account. Come see how NuData Security’s solution analyzes device intelligence and passive biometrics to build a single entity of one or more legitimate users.

Features

  • Build a trusted entity with one or more customers who access the same account
  • Recognize customers invisibly, wherever and however they log in
  • Remove unnecessary friction on all legitimate customers

Why it’s great
Offers a frictionless experience to all authorized users of one account

Presenter

Ryan Wilk, VP, Delivery
Wilk has a wealth of experience in fraud detection, prevention, trust, and safety with globally recognized organizations such as StubHub and Universal Parks and Resorts and, currently, NuData Security.
LinkedIn

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FinovateSpring Sneak Peek: Baker Hill

FinovateSpring Sneak Peek: Baker Hill
By David Penn Posted on
Categories: Baker Hill, FinovateSpring 2018, FinovateSpring 2018 Sneak Peek

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Baker Hill’s online loan application and auto decisioning solutions are powered by Baker Hill NextGen, the expert solution for lending, risk management, and analytics.

Features

  • Ensures financial institutions meet customer expectations for convenience, speed, and transparency
  • Supports profitable loan growth
  • Optimizes the lending process

Why it’s great
With Baker Hill’s online loan application and auto decisioning solutions, financial institutions can deliver a faster, more convenient lending experience while driving portfolio profitability.

Presenters

Mike Horrocks, Vice President of Marketing 
With 20+ years of industry experience, Horrocks boasts an extensive blend of financial and technology expertise. At Baker Hill, he guides the development and marketing of the company’s solutions.
LinkedIn

 

Eric LaPlante, Sr. Product Manager 
With nearly 20+ years of industry experience, LaPlante builds client relationships at Baker Hill by researching consumer needs and crafting optimally designed products around them.
LinkedIn

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FinovateSpring Sneak Peek: Kyndi

FinovateSpring Sneak Peek: Kyndi
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 Sneak Peek, Kyndi

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Kyndi is building the first Explainable AI platform for financial services, government, and healthcare.

Features

  • Structures unstructured internal text data with proprietary artificial intelligence technology
  • Provides fully explainable automated reasoning
  • Is a software product, not a consulting project

Why it’s great
Because Kyndi’s software logs every step of its reasoning process, you can transform regulated business functions with AI, and rest assured that you will also be able to justify decisions when necessary.

Presenters

Ryan Welsh, Founder and CEO 
Welsh is founder and CEO of Kyndi, an artificial intelligence company that builds Explainable AI products for critical government and commercial institutions.
LinkedIn

 

Lorne Kligerman, Senior Product Manager 
Kligerman is Kyndi’s Senior Product Manager with 10+ years of experience designing, building, and releasing products. He was previously a product leader on the Google Cloud Platform.
LinkedIn

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FinovateSpring Sneak Peek: Wealthucate

FinovateSpring Sneak Peek: Wealthucate
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 Sneak Peek, Wealthucate

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Whether you want to improve the participation rate of benefits, help employees solve financial challenges, or personalize benefit offerings, Wealthucate is your automated solution.

Features

  • Employer dashboard provides insights and metrics
  • Personalized and actionable advice in under one minute
  • Financial wellness score to inspire and track progress

Why it’s great
Wealthucate is a game changer. Because the approach is data-driven, it not only significantly reduces the time to provide actionable advice, it also increases engagement with company resources.

Presenter

Faruk Jaffer, CFP, ChFC, Founder
Jaffer brings two decades of financial wellness and fintech experience from companies like Google, Edward Jones, and Intuit.
LinkedIn

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FinovateSpring Sneak Peek: Status Money

FinovateSpring Sneak Peek: Status Money
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 Sneak Peek, Status Money

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Status Money is the first platform that gives everyone the power to anonymously compare their spending, interest rates, and all other aspects of their finances.

Features

  • See how your finances compare with your peers
  • Get personalized insights and offers
  • Track your credit report, interest rates, and all your accounts

Why it’s great
Status is shattering the money taboo and giving everyone the power to compare their finances and make smarter financial decisions.

Presenters

Majd Maksad, Founder and CEO 
Maksad is the founder and CEO of Status Money, and was previously the head of decision management for Citi Global Digital Payments in New York.
LinkedIn

 

Korash Hernandez, Co-Founder and COO
Hernandez is the co-founder and COO of Status Money, and was previously an executive at Citi Cards and Goldman Sachs.
LinkedIn

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FinovateSpring Sneak Peek: Mr. Cooper

FinovateSpring Sneak Peek: Mr. Cooper
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 Sneak Peek, Mr. Cooper

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Mr. Cooper, a leading home loan company servicing more than three million customers, is reimagining the homeownership experience with a mobile app to help consumers optimize debt.

Features

  • Gain insight into home value and home equity
  • Automatically analyze debt and discover savings opportunities
  • Connect live via video with a Mr. Cooper Expert

Why it’s great
The Mr. Cooper app helps homeowners optimize their debt and realize savings opportunities that would otherwise require tons of manual work and deep expertise.

Presenters

Kevin Dahlstrom, Chief Innovation and Marketing Officer
During his 20-year career, Dahlstrom, Chief Marketing Officer at Mr. Cooper, has led major marketing, product development, and e-commerce initiatives for major financial organizations.
LinkedIn

 

Ryan LaMountain, Product Manager, Mobile
LaMountain is the Mobile Product Manager at Mr. Cooper. He leads a lean team of developers to deliver best-in-class iOS and Android digital experiences.
LinkedIn

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FinovateSpring Sneak Peek: Fiserv and Samsung SDS

FinovateSpring Sneak Peek: Fiserv and Samsung SDS
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 Sneak Peek, Fiserv

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Fiserv has teamed up with Samsung SDS to integrate biometric authentication and digital collaboration tools in its award-winning Commercial Center: Security.

Features

  • A simpler and faster authentication experience that eliminates the need to remember complicated passwords
  • FIDO-certified Public Key Biometrics
  • Real-time collaboration for enhanced productivity

Why it’s great
Samsung SDS biometric authentication and digital collaboration solutions improve security and user experience for Fiserv Commercial Center: Security customers.

Presenters

Scott Graf, VP Technology
Graf is an experienced technologist with a demonstrated history of working in the financial services industry to develop innovative software solutions.
LinkedIn

 

Richard Lobovsky, VP Enterprise Solutions
Lobovsky is a senior business development executive with extensive wireless industry experience focused on secure mobility in financial services.
LinkedIn

 

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FinovateSpring Sneak Peek: Averon

FinovateSpring Sneak Peek: Averon
By David Penn Posted on
Categories: Averon, FinovateSpring 2018, FinovateSpring 2018 Sneak Peek

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Averon is the world’s first fully automatic and ultra-secure mobile identity authentication standard. Averon MagicFill provides magically easy, conversion-increasing form fill solutions.

Features

  • Averon’s MagicFill converts prospects using real-time mobile data
  • The ultra-secure technology breezes users through signup and checkout
  • The solution confirms user identity in real-time, increasing lead quality

Why it’s great
Averon’s MagicFill provides a seamless boost to conversion funnels, which can otherwise be like obstacle courses with lengthy, difficult forms to populate, especially on mobile.

Presenters

Tom Green, EVP
Green has deep experience in financial services and technology. He has worked with numerous technology companies ranging from startups to the Fortune 100. Currently, he is EVP at Averon.
LinkedIn

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Low-Code Development Platform OutSystems Forges Strategic Partnership with Atos

Low-Code Development Platform OutSystems Forges Strategic Partnership with Atos
By David Penn Posted on
Categories: Outsystems

Low-code development platform for rapid application development OutSystems announced a strategic partnership in Ireland and the U.K. with digital transformation specialist, Atos. The companies will leverage their working relationships in other regions to provide a platform that will enable customers to “accelerat(e) their digital transformation initiatives.”

Atos’ Head of Technology  for the U.K. and Ireland, Howard Willliams, said OutSystems’ platform will enable Atos to “offer agile and innovative products and solutions that are delivered to our clients in weeks, rather than in months or years.” He pointed to the combination of low-code and DevOps in the cloud as an ideal way to deliver web-based mobile solutions that are both “enterprise-ready and customer-focused.” Atos will host Digital Transformation Now, OutSystems’ upcoming event focused on low-code development, as part of the agreement.

For OutSystems, the agreement helps broaden its reach into overseas markets. Bob Wilson, VP of Global Alliances and Channels at OutSystems, said, “We see this partnership with Atos as an opportunity to help our customers in the U.K. and Ireland rapidly develop enterprise-ready web and mobile applications that solve their business challenges in new and innovative ways.”

Recognized for its leadership in mobile application development platforms (MADP) and low-code development platforms by Gartner and Forrester, respectively, OutSystems helps firms build and manage better apps. With full-stack visual development – including drag-and-drop functionality for UI – and single-click deployment and updating, OutSystems serves customers in verticals ranging from banking and insurance to healthcare and retail.

Last year, OutSystems presented a talk titled Low-Code: The Next Evolution in App Dev Platforms (Oh, and 5x Faster) at our developers conference, FinDEVr New York. At the event, OutSystems’ Nuno Silveira (IT Architect) and Joao Miranda (IT Manager) discussed how the company was able to assist a European retail bank in a major digital transformation including mobile banking, internet banking, branch, and contact center solutions.

In March, OutSystems unveiled its Digital Transformation Hub, an online educational resource for IT leaders that features original research and analyst reports from Gartner, Forrester, and others on the topic of digital transformation. Also last month, the company announced the completion of a low-code development project with BlueVest. The project enabled the U.K.-based company to launch a digital underwriting app that provides initial loan quotes as fast as 15 minutes and confirmed offers in 30 minutes.

Founded in 2001 and headquartered in Atlanta, Georgia, OutSystems has raised more than $62 million in funding. The company includes North Bridge Venture Capital and Armilar Venture Partners among its investors. Paulo Rosado is CEO.

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Finovate Alumni News

By David Penn Posted on
Categories: Agreement Express, Averon, Baker Hill, Doxo, Efigence, Emailage, Fiserv, Kyndi, Lender Price, Meniga, Mr. Cooper, NuCypher, NuData Security, Outsystems, Plaid, Ripple, Status Money, Trulioo, Wealthucate, Zopa

On Finovate.com

  • doxo Teams with Coinstar to Facilitate Cash Payments for Underbanked.
  • Agreement Express Lands Funding from Frontier Capital.
  • Low-Code Development Platform OutSystems Forges Strategic Partnership with Atos.

Around the web

  • Iowa City-based Farmers & Merchants and Savings Bank to deploy Fiserv’s retail and business banking platform.
  • Zopa announces restructuring in advance of the launch of its challenger bank.
  • PYMNTS.com features Trulioo CEO Stephen Ufford in a conversation about the present and future of KYC.
  • Santander introduces its Santander One Pay FX service, a blockchain-based money transfer offering that leverages Ripple’s xCurrent technology.
  • Meniga CEO Georg Ludviksson selected as one of top 200 Fintech leaders in Europe
  • NuCypher teams with Origin Protocol to control access to sensitive information in decentralized marketplaces.
  • Efigence powers concept, UX, and design for BGŻOptima Bank’s new portal.
  • PYMNTS.com profiles anti-cyberfraud startup, Emailage.

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.

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Avoka Partners with Alpine Bank to Provide Custom Account Opening Experiences

Avoka Partners with Alpine Bank to Provide Custom Account Opening Experiences
By David Penn Posted on
Categories: Avoka

Customer acquisition and onboarding technology innovator Avoka has partnered with Alpine Bank, who will use the multiple Best of Show winner’s Avoka Transact platform to enhance its account opening, loan application, and business onboarding processes.

The solution will integrate the company’s core banking platforms – including Silverlake System from Finovate alum Jack Henry – to provide a thoroughly digital account-opening experience for the Colorado-based bank’s customers. The new account opening experience will include ID verification, funding, and immediate establishment of the account. And as an omnichannel solution, the technology enables users to begin an application on one channel (i.e., at home or office) and complete the application in another (i.e., in branch).

“One of the reasons we chose Avoka is because we did not want the limitations of an off-the-shelf system that would limit our ability to fully serve customer needs and expectations,” Alpine Chief Digital Officer Andrew Karow explained. He added that Avoka’s technology will enable Alpine Bank – with assets of more than $3.5 billion and 38 banking offices across Colorado – to “reach beyond our current branch network” as well as better serve existing customers.

David Gaydon, GM for Avoka North America, praised Alpine Bank’s embrace of technology as a way to help drive expansion into new markets. “Alpine Bank is approaching their growth in the most innovative way possible,” Gaydon said, “using proven technology to build a competitive advantage. Alpine’s expansion plan to serve all Colorado residents across the Western Slope and the Front Range alike increase their footprint in the most efficient way possible.”

“Coloradans will be able to open accounts on their mobile phones with a regional bank that puts Colorado first,” the Avoka North America GM added.

Headquartered in Denver, Colorado; London, England; and Sydney, Australia, Avoka demonstrated its Transact Insights technology at FinovateEurope 2017. Insights is a module of the company’s Transact 5 platform, and gives firms insights and analytics that help optimize the account opening process by identifying areas of friction or abandonment for customers. Avoka counts five of the top 10 banks in Australia, four of the top 10 banks in Europe, and eight of the top 50 banks in the U.S. among its customers, and has raised $28 million in funding. Founded in 2002, the company is led by co-founder and CEO Philip Copeland.

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