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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
Faraday offers an end-to-end AI platform built for B2C growth. Integrations, consumer data, algorithms, deployment products — it’s all built in and supported by Faraday data scientists.
Features
Streamlined AI pipeline for fast, easy implementation
Rich data, advanced analytics, powerful models, all at your fingertips
Real-time, scheduled, and ad hoc scoring capabilities
Why it’s great The Faraday AI Platform enables you to operationalize predictive consumer insights and advanced analytics in six to eight weeks, with no in-house data scientists or engineers required.
Cory Albert, Account Executive Albert has a strong background in strategic software and marketing technologies. At Faraday, he helps clients implement custom AI capabilities to exceed their goals. LinkedIn
Riley Dickie, Account Executive Dickie has worked with Faraday’s consumer finance clients for the past three years, helping them take full advantage of their customer data through AI. LinkedIn
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
Linked2pay is an award-winning payment processing company. They will be demoing a product they invented called instant merchant settlement.
Features
Provides merchants their funds instantly upon batch out
Offers liquidity
Is cutting edge technology
Why it’s great Merchants receive their funds instantly upon batch out, 24/7/365.
Presenters
Kyle Taylor, COO Taylor has been with Linked2pay since the beginning. Primarily, he has a key role in managing all of the in-house programming and business development. LinkedIn
Madison McShirley, Operations McShirley started at Linked2pay earlier this year. Her role at the company is centered around assisting in the daily operations. LinkedIn
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
Adlumin delivers a cost efficient, easy-to-use, and simple-to-integrate, cloud-native security and compliance automation platform built exclusively for the financial services market.
Features
Automated regulatory reporting for requirements like FFIEC CAT, ACET, etc.
Security and compliance automation for the core banking ecosystem
Storage and encryption options for every standard
Why it’s great Adlumin was built exclusively for the financial industry, meeting their highly specialized compliance and technology requirements.
Presenter
Robert Johnston, President and Chief Executive Johnston is the President and Chief Executive of Adlumin, a cybersecurity technology firm focused on delivering cloud-native security and compliance automation technology. LinkedIn
FICO and risk investigation solutions provider Arachnys partner to help FIs improve their client onboarding and record management processes.
Bill.comcelebrates grand opening of new Houston office.
Finicityships new Verification of Income and Employment (VOIE) solution using TXVerify technology.
SecureKeycollaborates with Digital Bazaar to streamline organizational identity proofing.
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.
Canadian identity innovator Truliooannounced today it brought in $53 million (CAD $70 million). The round was led by Goldman Sachs Growth Equity and saw participation from Citi Ventures, Santander InnoVentures and American Express Ventures. Trulioo’s total funding how stands at $73 million (CAD $96.6 million).
The Trulioo team will use the funds to build its presence in new markets, as well as boost its workforce from 130 to 200 people who staff the company’s Vancouver, San Francisco, and Dublin offices.
Trulioo’s team is 130 employees strong
“Today, families, businesses and entire economies are being powered by the global shift towards a truly digital economy, which is exciting but also opens up new forms of risk,” said Stephen Ufford, Trulioo CEO and founder. “We’re committed to leveraging technology to help our customers fight financial crime, money laundering and election fraud. I’d like to thank our investors for their trust in the work we are doing and for enabling us to push forward our solutions that transcend boundaries and channels, and which facilitate trusted transactions from anywhere, instantly.”
Trulioo’s API allows organizations to instantly verify identities of more than five billion consumers (more than two thirds of the global population) and more than 250 million businesses across 195 countries. The company’s GlobalGateway database offers an online electronic identity verification (eIDV) service that helps businesses comply with AML and KYC rules, as well as a range of international electronic identity verification requirements.
Trulioo, which will demo its technology at FinovateFall next week in New York, provides electronic identification technology that has the potential to positively impact people in developing nations who may not have much of an online record to prove their identity. This underrepresented group can now potentially open a bank account, apply for a loan, or conduct other financial activity that was previously out of reach.
Earlier this year, Trulioo’s Head of Growth, Anatoly Kvitnitsky,demonstrated GlobalGateway’s instant onboarding with EmbedID at FinovateSpring. EmbedID enables businesses to query Trulioo’s GlobalGateway API and instantly verify customers in multiple markets by embedding a snippet of code to their website.
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
InterGen Data’sDAVID – Digital Advice Via Demographics is a web platform (browser and/or widget) that is an artificial intelligence/ machine learning-driven experience which shows its users the financial impact of their upcoming Life Events. By using InterGen Data’s platform you will be able to help your advisors become contextually relevant to their clients and attract new customers, improve client engagement, and mitigate customer attrition.
Why it’s great By leveraging artificial intelligence and machine learning, companies can now deliver personalized experiences, be predictive, and move from a reactive to a proactive business model.
Presenter
Robert Kirk, President and CEO Kirk is a seasoned industry executive who is responsible for the vision, development, establishment, and growth of InterGen Data’s Life Stage / Life Event predictive technology to the BFSI industries. LinkedIn
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
Pinkaloo helps financial institutions attract and retain customers and increase deposits and fees by powering their customers’ charitable giving.
Features
Win new customers, new deposits, and new fees
Help customers budget, discover great charities, and collaborate
Offer round-ups and incentives to drive key KPIs
Why it’s great Customers switch banks 2.5x more than before. Eighty one percent of millennials expect a commitment to good corporate citizenship. Pinkaloo’s white-label Modern Giving provides FIs with a solution to both.
Presenters
Gideon Taub, Founder & CEO Taub started his career on Wall St. before spending 10 years helping to build Videology, a VC-funded ad-tech product. He founded Pinkaloo to solve a personal problem he faced in managing his giving. LinkedIn
Daniel Gardner, COO Gardner spent 5 years at JP Morgan before transitioning into product and operations roles at tech startups. His passion for Pinkaloo stems from wanting to bring more data and transparency to giving. LinkedIn
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
BodesWell aligns your finances with the future you want. The company’s one-page platform combines the user’s financial transactions data with models of the future in an easy, intuitive experience.
Features
Offers a simple, intuitive experience
Provides powerful analytical models and guidance
Brings the consumer confidence from knowing they’ve got a plan
Why it’s great BodesWell is built to integrate in a co-branded partnership model with your bank, insurance company, or investment firm.
Presenters
Matthew Bellows, Co-Founder and CEO Bellows is the co-founder of BodesWell. This is his third greenfield startup – he sold the first to CBS. He raised $50 million for the second startup from Google and Battery Ventures. He and his family live in Cambridge, MA. LinkedIn
Bernie Bernstein, Co-Founder and CTO Bernstein is the co-founder and CTO of BodesWell. Previously, he was CTO at Time Out Group, VP Engineering at Trip Advisor, and a Senior Engineer at Apple. Bernie and his family live in Newton, MA. Linked
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
Datanomers is fintech/AI. The company’s Financial Risk Profiler, deployed at banks, reduces defaults by 5% to 15%. The Customer Insight Manager is unique; it alerts banks to customer attrition – proactively so that they can retain them.
Features
Assists in meeting incremental growth targets by preventing attrition of premium customers
Identifies key customer insight: what’s uppermost in their mind
Does all this in real-time
Why it’s great Customer Insight Manager (CIM)– is the world’s most advanced AI, Natural Language Understanding solution that identifies premium customers at risk of leaving- stopping customer attrition in its tracks.
Presenters
Deepak Dube, Founder and CEO Dube is a Ph.D. Previously, he was a Bell Labs researcher for 19 years, served on the faculty at NYU, and was CTO at IPsoft. He holds patents and speaks on AI and ML. He led a team to invent the world-renowned cognitive agent Amelia. LinkedIn
Meeta Pandey, VP Business Development Pandey, Ph.D., is a dynamic business leader with a diverse background ranging from being ex-faculty at Monmouth University, to consulting for financial firms, to building a business with world-class teams. LinkedIn
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
Chatbots.Studio’sBot Commerce Platform helps to connect merchants, customers, CRM, and payment providers. The platform allows SMEs to create a chatbot for different messengers and accept payments instantly.
Features
Cloud marketplace of commercial bot templates
One-click payments via Apple/GPay
Why it’s great Chatbots.Studio solves the problem of digitalization and communications with customers in smartphones for SMEs.
Presenters
Max Popov, Co-Founder & CTO at Chatbots.Studio Popov is co-founder and CTO of Chatbots.Studio. He has more than 15 years of experience in banking and fintech as Head of CRM, Cloud Technologies, and CTO. LinkedIn
Egor Avetisov, Head of Innovations at Privatbank Avetisov has more than 12 years of experience in banking and technology. He is responsible for the implementation of new technologies and collaboration with big tech companies. LinkedIn
Why it’s great Under-performing portfolios will soon be a thing of the past, thanks to Revest.
Presenter
Danny Kabakibo, Revest CEO/CTO Kabakibo, an entrepreneur and a software engineer since age 10, is obsessed with cultivating innovative technological solutions to ambitious problems.
A look at the companies demoing live at FinovateMiddleEast on November 20 and 21, 2019 in Dubai. Register today and save your spot.
Evident Systems helps financial institutions of all sizes transform into fully real-time organizations: payments, operations, security, and customer service. The company’s first product is Evident Cloud RTP.
Features
Rapid, self-service onboarding to the Real-Time Payments Network
Secure integration with core systems of record
Automated test infrastructure
Ongoing monitoring
Why it’s great Evident Systems has partnered with The Clearing House as one of the first Third-Party Service Providers. Your account holders shouldn’t wait for Real-Time Payments: start today with Evident Cloud RTP!
Presenters
Bobby Calderwood, Founder of Evident Systems Before founding Evident Systems, Calderwood was a distinguished engineer on the technology fellows team at Capital One. He is an expert in real-time, event-driven financial information systems. LinkedIn
Keith Gray, Vice-President of RTP Strategic Partnerships at The Clearing House Gray is VP of The Clearing House over RTP Network Strategic Partnerships, which are critical to the success of RTP since many financial institutions will leverage RTP via a technology partner. LinkedIn
