Finovate Alumni News

On Finovate.com

  • Personality Biometrics Specialist Neener Analytics Partners with American Express.
  • Infosys to Acquire Fluido for $76 Million.

Around the web

  • Avaloq upgrades open software architecture designed to make banks more agile.
  • PayPal announces global launch of Checkout with Smart Payment buttons.
  • TransPecos Banks selects NYMBUS to launch BankMD.com.
  • itBit selected as a custody provider for Voyager’s new crypto-brokerage service.

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: Ocrolus

FinovateFall Sneak Peek: Ocrolus

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Ocrolus has developed the fastest and most accurate technology for automating the analysis of loan documents.

Features

  • Cash flow analytics
  • Cutting-edge fraud detection
  • Traceable data validation

Why it’s great
Ocrolus is the first regtech company backed by QED Investors.

Presenters

Sam Bobley, CEO
Bobley is a natural entrepreneur and co-founder of Ocrolus.
LinkedIn

Kevin Bailey, Director of Business Development
Bailey was Presidential appointee to the Treasury who has since devoted himself to fintech.
LinkedIn

FinovateFall Sneak Peek: Lomsy

FinovateFall Sneak Peek: Lomsy

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Lomsy brings credit closer to underbanked people with a low score, promoting their financial and social inclusion with personal loans and financial education.

Features

  • Fair: assesses creditworthiness with a multi-dimensional methodology
  • Easy: built by and for the Hispanic community
  • Fast: offers a 5-minute application process

Why it’s great
Lomsy works by the motto you are not a score by leveraging technology to empower underbanked people with credit and financial education.

Presenters

Enrique Huesca, CEO
Huesca is passionate about financial inclusion for Hispanics and holds more than 10 years of experience in high-level cabinet positions in the Mexican government.
LinkedIn

Jose Ramon Pardinas, CMO
With more than 10 years of experience in marketing, Pardinas’ career has taken him to work in both the creative and executive areas with an international perspective.
LinkedIn

Enrique Castro, CFO
With more than five years of experience in economics and a background in applied math, Enrique enjoys working with data to understand the underbanked, develop underwriting strategies, and improve processes.
LinkedIn

 

FinovateFall Sneak Peek: CASHOFF

FinovateFall Sneak Peek: CASHOFF

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Inspired by creating a real value for banks’ customers, CASHOFF delivers strongly differentiated loyalty programs and tools for user experience enhancement with a granular approach based on transactional data.

Features

  • AI-powered cashback to banks’ customers by big-name brands
  • Comprehensive transactional data collection, enrichment and in-depth analysis
  • White label tools and gamification to amplify engagement

Why it’s great
Emerged consumer behavior patterns enable the anticipation of customers’ needs. Thus banks win increased loyalty, transactional activity, a tool for selling banking products, and new revenue streams.

Presenters

Lina Maria Perez, Sales Director
Perez is responsible for seeing the relationship from initial meeting to full integration. She’s also involved heavily in the marketing strategies and project management of all global operations.
LinkedIn

Billy Leung, Business Development Director
Leung is the director with extensive international expertise in digital banking and finance. He is also an entrepreneur having started his first business at the age of 8.
LinkedIn

FinovateFall Sneak Peek: Namaste Credit

FinovateFall Sneak Peek: Namaste Credit

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Namaste Credit is the leading Indian marketplace for SMB and mortgage loans. Globally, the company licenses tools on a SaaS basis, including its AI Video CAM.

Features

  • Video-based tool that ensures high-quality document image capture
  • Built-in, automated banking track record and cash flow analytics
  • Easy to integrate into any mobile app

Why it’s great
Namaste Credit’s solutions, including its AI Video CAM, bridge the offline and digital worlds providing dense high-value data while being super-simple for customers to use.

Presenters

Lucas Bianchi, CFA, CEO & Co-Founder
Bianchi built and sold analytics outsourcing firm CopalAmba to Moody’s for $500 million. Prior to that, he analyzed and financed tech companies on Wall Street for 10 years. He holds a BA in Economics from Dartmouth College.
LinkedIn

Gaurav Anand, CFA, FRM, COO & Co-Founder
Anand analyzed and priced portfolios worth several billion at Credit Suisse, HSBC, and GE Capital. He has advised large institutions on SME portfolio risk at Moody’s, and holds an MBA from NMIMS, Bombay.
LinkedIn

FinovateFall Sneak Peek: ING Bank Slaski

FinovateFall Sneak Peek: ING Bank Slaski

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

ING Bank Slaski’s ING Invoice Financing is a simple and 100% online tool allowing entrepreneurs and small companies to receive their money earlier, in just a few clicks, without leaving the office.

Features

  • Fully online
  • Simple and user friendly
  • Instant credit decisions

Why it’s great
It’s an innovative online tool that enables entrepreneurs and small companies to manage their liquidity issues.

Presenters

Ewa Szerszen, Deputy Press Spokesperson
Szerszen is a communications specialist with more than 10 years of experience in media relations and corporate communication. She is responsible for shaping public relations and external communication for ING in Poland.
LinkedIn

Maciej Bukowiec, Product Owner – Corporate Clients Business Line
Currently the product owner at ING Innovation Lab, Bukowiec is responsible for developing and delivering banking and beyond banking solutions.
LinkedIn

FinovateFall Sneak Peek: AI Foundry

FinovateFall Sneak Peek: AI Foundry

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

AI Foundry is creating a one-office, future-ready, and frictionless mortgage process with Agile Mortgages.

Features

  • Reduces risk and cuts time to close a loan in half
  • Increases pull through ratio by 50%
  • Reduces time-to-close by 50%

Why it’s great 
AI Foundry’s solution brings together the lending front and back office, creating a digital office to streamline and automate the entire mortgage process.

Presenters

Steve Butler, Founder and President
As a leader with a track record of building growth-oriented companies, Butler heads AI Foundry, an AI/machine learning startup focused on automating complex processes.
LinkedIn

Adam Lombardo, CIO
Lombardo is improving the borrower mortgage experience as chief information officer at Atlantic Home Loans.
LinkedIn

Alla Eizenberg, Solution Architect
Eizenberg has 20 years of software product and solution experience in varying roles including software development, continuous engineering leadership, solution management, and architecture and pre-sales consulting.
LinkedIn

FinovateFall Sneak Peek: Modelshop

FinovateFall Sneak Peek: Modelshop

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Modelshop is a low-code platform that enables business analysts to create analytic applications that manage customer risk and optimize profitability.

Features

  • Connect financial customer data from across the enterprise
  • Create risk, profitability and pricing calculations without coding
  • Deploy real-time customer treatment APIs that drive action

Why it’s great
Modelshop’s vision is to empower citizen developers to quickly create and deploy analytic applications in a collaborative, low-code platform.

Presenter

Tom Tobin, Founder and CEO
Tobin has held CTO level technical as well as business leadership roles at General Dynamics, FICO, Oracle, HP and Fiserv, delivering innovative analytic application platforms.
LinkedIn

Chain Rebrands to Interstellar Following Acquisition

Chain Rebrands to Interstellar Following Acquisition

Earlier this year, we reported that cryptographic ledger company Chain was in talks to be acquired by blockchain technology platform Stellar. Today, Chain announced that the deal has been finalized, and that it is retiring the Chain brand and rebranding to Interstellar.

Interstellar brings Chain together with Lightyear, which Stellar launched in 2017 to design and develop the Stellar protocol and create an open source reference for the Stellar network. Interstellar leverages Lightyear’s functionality and blends it with Chain’s enterprise products and customer base. Combined the two companies offer a platform that makes it easier for large enterprises to build on Stellar.

Adam Ludwin, who has served as CEO of Chain since the company’s launch in 2014, will transition to the role of Interstellar CEO. “Chain has admired Stellar for years, and from day one we’ve shared their goal of enabling financial assets to move seamlessly over the internet,” said Ludwin. “Chain has worked from inside the enterprise while Stellar has focused on the network between organizations. As a single team we will have a complete view and set of capabilities to make value-over-IP a reality.”

Chain’s product offerings will become part of Interstellar’s product portfolio. The portfolio will also include StellarX, a marketplace where users can trade assets on Stellar.

Interstellar will be headquartered in San Francisco with offices in New York and San Francisco. The new organization will employ 60 people. Jed McCaleb, founder of Stellar, will serve as Interstellar CTO.

Ludwin showcased at FinDEVr San Francisco 2015, where he gave a presentation titled, The Blockchain Is Eating Financial Services. Earlier this year, Forbes listed Chain on its Fintech 50 roster that highlights the top private fintechs that have operations, customers, or impact in the U.S. Before its acquisition, Chain had raised more than $43 million from notable investors including Khosla Ventures, RRE Ventures, Nasdaq, Visa, Citi Ventures, and Thrive Capital.

CAN Capital Receives $287 Million Financing Facility

CAN Capital Receives $287 Million Financing Facility

Small business lending solution company CAN Capital has accepted a $287 million financing facility from alternative asset manager Varadero Capital. This marks the second time Varadero Capital has facilitated funds for the New York-based company.

CAN Capital plans to use the funds to support growth, invest in talent and technology, and enhance the customer experience. “We look forward to utilizing this funding to expand our ability to provide access to capital for small businesses, enhance our technology stack, and continue to build a dedicated, customer-driven team,” said Parris Sanz, CEO of CAN Capital.

Additionally, the company reached a milestone this week, having provided small businesses access to more than $7 billion in funding through 190,000+ transactions. “Reaching $7 billion in working capital is a significant milestone for us. We are excited to use our deep experience and data to enable even more small business owners to grow with streamlined access to capital,” Sanz added.

Founded in 1998, CAN Capital has helped 81,000 small businesses ranging from restaurants to auto repair shops by offering capital for them to open new locations, purchase equipment, hire employees, and more. The company last demoed at FinovateFall 2013, where it showed off its mobile funding solution. Earlier this year, CAN Capital appointed Tom Davidson as Chief Financial Officer.

FinovateFall Sneak Peek: SaleMove

FinovateFall Sneak Peek: SaleMove

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

SaleMove helps companies identify the highest-value visitors in real-time; communicate with them using chat, audio, or video; and guide them through inquiries with cobrowsing and screensharing technology.

Features

  • Identify your highest-value customers
  • Communicate with clients using anything from chat to phone to video
  • Engage with customers by collaborating with cobrowsing and screen sharing technology

Why its great
SaleMove creates the most elegant online interactions between a business and their customers.

Presenter

Dan Michaeli, Co-Founder and CEO
Michaeli is the CEO and co-founder of SaleMove and is the driving force behind its mission to meet or exceed the in-person customer experience online. He is originally from Guatemala and is a proud UPenn grad.
LinkedIn

FinovateFall Sneak Peek: Simpler Trading

FinovateFall Sneak Peek: Simpler Trading

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Simpler Trading’s Simpler Charts is an easy-to-navigate charting platform that equips traders with the tools they need while lowering the barrier to entry for trading education.

Features

  • One-click access to moderator’s charts in trading room
  • Push notifications for entry/exit triggers predetermined by the user
  • Customizable integrated trading journal

Why it’s great
Combining the tool’s easily-navigated interface and explanatory pop-ups with Simpler Trading’s educational content lets traders consistently and confidently put what they’ve learned into practice.

Presenters

John Carter, CEO, President
Carter, a life-long trader and the author of Mastering the Trade, has combined his passion for trading and helping others to create Simpler Trading.
LinkedIn

Fred Bryant, COO
Bryant has a diverse business background with experience advising top executives of small and newly-established businesses on how to create, grow and maintain their enterprises.
LinkedIn