This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
Trulioo and Mastercard have partnered to help clients streamline onboarding while combatting fraud.
Trulioo will leverage Mastercard’s identity solutions to gain insight into identity and risk scores.
Mastercard will tap Trulioo’s global business identity verification services to enhance its Onboard Risk Check product by adding a layer of assurance to merchant and consumer onboarding solutions.
Global identity platform Truliooannounced today it has teamed up with Mastercard to help merchants streamline digital onboarding while helping them combat fraud.
Under the agreement, Trulioo will leverage Mastercard’s identity solutions to power two of its products– Person Match and Risk Intelligence. This will offer Trulioo insights into identity and risk scores through a customizable, intuitive dashboard, extending the company’s offerings beyond API-based products and further enhancing its onboarding processes.
“Trulioo is proud to partner with Mastercard and shares their dedication to industry-leading business verification and fraud prevention,”said Trulioo CEO Steve Munford.“As organizations navigate the complexities of the digital payments industry, fraud and business identity theft are constant threats. This is a pivotal milestone in our joint endeavor that will pave the way for a more secure global digital landscape.”
Mastercard will also see benefits from the strategic partnership. Trulioo’s global business identity verification services will enhance Mastercard’s Onboard Risk Check product by adding a layer of assurance to merchant and consumer onboarding solutions, helping to mitigate risk, reduce fraud, and increase trust in payments made across the globe.
“The digital economy thrives when people trust it and trust each other,” said Mastercard executive vice president, Identity Products, and Innovation Dennis Gamiello. “The ability to verify people are who they say they are instills confidence on both sides of digital interactions. Together with Trulioo, we are fueling the connections that make a vibrant digital economy possible.”
Canada-based Trulioo was founded in 2011 to help organizations navigate compliance by offering real-time verification of more than 13,000 ID documents and 700 million business entities across the globe, while checking against more than 6,000 watchlists. The company has raised $475 million.
PayPal’s stablecoin, PayPal USD (PYUSD), was officially added to the Solana Blockchain last week. This shift comes after the California-based company launched on Ethereum blockchain last summer. Now, PayPal stablecoin users can send PYUSD on Ethereum or Solana when transferring out to external wallets.
“For more than 25 years, PayPal has been at the forefront of digital commerce, revolutionizing commerce by providing a trusted experience between consumers and merchants around the world. PayPal USD was created with the intent to revolutionize commerce again by providing a fast, easy, and inexpensive payment method for the next evolution of the digital economy,” said PayPal Senior Vice President of the Blockchain, Cryptocurrency, and Digital Currency Group Jose Fernandez da Ponte. “Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments.”
In addition to enabling PYUSD transfers on both Ethereum and Solana, this move will have significant implications for PayPal, consumers, banks, and the crypto markets.
Impact on PayPal users
Faster transactions: Because Solana’s blockchain is known for its high-speed processing capabilities, PYUSD transactions on Solana will be much quicker, which will enhance the experience for end users.
Lower transaction costs: Solana offers low transaction fees, which will not only reduce the cost of sending and receiving PYUSD, but it will also make Solana a more attractive option for users looking to save on transaction costs.
More flexibility: Offering both Solana and Ethereum will offer users more choices for their transactions. Offering multiple blockchain allows users to choose different options based on their preferred cost and transaction speed.
Impact on Banks
Integration challenges: Traditional banks seeking to participate in the stablecoin market may need to adapt their systems to accommodate transactions that involve PayPal’s stablecoin on the Solana blockchain. These adaptations could require significant technical and regulatory challenges.
Competition: The race to stablecoin dominance has quieted among most traditional financial services providers in the U.S., but cross-border payments in all of their forms are still top-of-mind for many. As PayPal leverages the blockchain to offer faster and cheaper transactions, traditional banks may face increased competition.
Regulatory scrutiny: PayPal’s move onto Solana may attract further attention from regulators. This increased regulatory scrutiny may require financial institutions to pay more attention to their own operations and closely monitor regulatory developments to ensure that their own operations are compliant.
Impact on the Crypto market
Increased credibility: While it is not a bank, PayPal is a reputable player in the traditional financial services space. Because of its tenure and reputation in the space, the company’s adoption of Solana for its stablecoin operations offers credibility to the blockchain and crypto industries.
Boost for Solana: Solana will likely benefit from the partnership, as PayPal’s move serves as a vote of confidence for the blockchain and may lead to increased demand for Solana’s native token and may result in further adoption by other enterprises.
Shifting competition: PayPal’s selection of Solana may put pressure on Ethereum to improve its scalability and cost efficiency.
Overall, PayPal’s move is likely to enhance the efficiency and appeal of its digital currency offerings, drive broader adoption of blockchain technology, and spur innovation and competition in both the traditional financial sector and among crypto players.
PYUSD is issued and managed by Paxos Trust, a company whose products are subject to regulatory oversight by the New York State Department of Financial Services. Users can purchase PYUSD in the PayPal and Venmo wallets, as well as on crypto.com, Phantom, and Paxos. All platforms offer a fiat-to-crypto user experience.
FintechOS received a $60 million investment, boosting its total funding to over $151 million.
FintechOS will use the new funds to accelerate its global expansion.
In the announcement, FintechOS revealed it experienced 40% year-over-year revenue growth in 2023 and said it expects to break even in 2024.
Financial product management platform FintechOS recently announced it received a $60 million Series B+ investment, boosting its total funding to more than $151 million. Molten Ventures, Cipio Partners, and BlackRock led the round, while existing investors EarlyBird VC, OTB VC, and Gapminder VC also contributed.
FintechOS serves up technology that helps organizations launch and manage financial products and services without having to replace their existing core infrastructure. The company offers low-code/ no-code tools to help organizations extend the capabilities of their existing core, launch new products, improve their customer experience, and optimize back-office workflows across lending, savings, insurance, investment, and embedded finance operations.
While FintechOS will use the funds to accelerate its global expansion, the New York-based company has already made significant progress towards global growth. The company operates globally, with a presence in Europe, North America, and Asia. FintechOS is available in the U.K., the U.S., Canada, Germany, France, the Netherlands, Romania, Spain, Italy, Poland, Belgium, Australia, Singapore, and others.
“Securing this investment is a testament to the confidence our investors have in our vision and execution,” said FintechOS Co-founder and CEO Teo Blidarus. “Our rapid growth and operational improvements reflect the demand for our next-generation financial product management solutions. We are revolutionizing the financial services industry by providing technology that enables core modernization and drives innovation.”
Since Blidarus co-founded FintechOS in 2017, the company experienced 40% year-over-year revenue growth in 2023 and has seen a 170% increase in operating margins. The company expects to break even in 2024. Following its recent $15 million funding round in early 2022, FintechOS has achieved over 300% growth, expanding its client base to 50 global clients. This growth includes high-profile additions such as Société Générale, Admiral, Benenden Health, Avant Money, and Vibrant Credit Union.
“FintechOS’s growth trajectory is a clear indicator of their potential,” said Cipio Partners Managing Partner Roland Dennert. “We are delighted to be part of this journey and look forward to seeing the transformative impact they will make in the financial services sector. Their commitment to modernization and innovation aligns perfectly with our investment strategy.”
As organizations struggle to adapt to changing consumer expectations and new technologies while maintaining their legacy core infrastructure, technologies such as FintechOS’ will see increasing growth. That’s because many traditional players in the space continue to operate using old computer languages such as COBOL, which was developed in 1959 and does not interface easily with modern fintech solutions.
Will the new month bring new challenges in fintech? Or will the news cycle take a much-needed vacation as summer approaches? Stay tuned to this week’s news for updates and evolutions throughout the week.
Pinnacle Bankpartners with CorServ to implement a modern credit card program for commercial, business, and consumer customers.
Insurtech
Scott Credit Union selectsBUNDLE by Insuritas to launch its insurance agency.
Investment and wealth management
Brokerage-as-a-Service innovator DriveWealthforges new partnership with Turkish fintech Papara.
Lending
PlaidunveilsConsumer Report, a new solution that brings businesses real-time cash flow data along with credit risk insights through Plaid Check, its consumer reporting agency.
Western Union is leveraging Plaid’s open banking infrastructure for money transfers in Europe.
The move is expected to benefit end users by offering a faster, more secure payments experience without negatively impacting the user experience.
Leveraging open banking payments will also create operational efficiencies for Western Union employees.
Plaidannounced this week that Western Union has selected to leverage its infrastructure to offer its customers in Europe seamless open banking payments. Western Union anticipates the move will offer its customers additional flexibility in how to send money to family and friends.
By leveraging open banking technology, funds transferred using Western Union will be faster and will have higher thresholds for safety and security without adding friction to the user experience.
“Consumers are demanding easier and simpler border-less payments without compromising on security, said Plaid Head of Europe Brian Dammeir. “Plaid is delighted to collaborate with Western Union to enable users to make larger payments, safer and faster.”
The new technology will also benefit Western Union employees by creating operational efficiencies. Plaid’s open banking technology streamlines Western Union’s internal operations and enhances its payment infrastructure by providing a common standard of funding across Europe.
“It was great working with Plaid to offer a new, easier way of doing money transfers with us,” said Western Union VP Omnichannel Marketing Bart Stence. “This collaboration shows how we at Western Union invest in innovation to provide our customers with the flexibility and trust they need.”
Jio Financial Services parent Reliance Group launched its own financial super app, JioFinance.
JioFinance serves as a single place where users can conduct digital payments, apply for loans, and purchase insurance.
Jio Financial partnered with Blackrock last year and is expected to enter the wealth management space in the future.
TechCrunch unveiled this morning that Jio Financial Services parent and multi-sector conglomerate Reliance Group launched its own financial super app, JioFinance.
Jio Financial’s new JioFinance app launched today in the Google Play store and aims to serve as a single place where users can conduct digital payments, apply for loans, and purchase insurance. The bank accounts are held with Reliance-owned Jio Payments Bank, which was granted a banking license by the Reserve Bank of India in 2015.
“Introducing JioFinance, for your fast and secure UPI payments, seamless bill payments, and timely reminders,” the app description reads. “Enjoy instant rewards and benefits on all UPI transactions. Instant account opening in a few minutes, with zero balance feature, interest rate as high as 3.5% and a digital passbook, with Jio Payments Bank. Take control of your finances with easy tracking and analysis of your spends in a few clicks. Pay bills, track expenses, and save money with the JioFinance app!”
Today’s launch comes after Jio Financial formed a partnership with Blackrock in 2023 to add wealth management offerings to its existing insurance and lending offerings. Also in 2023, Jio Financial announced it was leveraging alternative data to enhance its personalization efforts.
Unlike the U.S., India has a growing scene of true super apps players. Reliance’s competitors in the space include Tata Group and Paytm. Tata Group’s Tata Neu aims to integrate a range of services from e-commerce and finance to travel and health under one platform. And Paytm, which originally launched as a mobile wallet and payment app, has expanded into a super app by adding banking, financial services, and e-commerce functionalities.
FinovateSpring was a whirlwind of meeting new people, learning about new ideas, as well as seeing familiar faces and hearing new perspectives on old concepts. The show wrapped up last Thursday in San Francisco and I have a treasure trove of thoughts to share.
Before I explain the top five things I saw and heard at FinovateSpring this year, I’ll start with a disclaimer. Because of on stage and behind-the-camera speaking obligations, I only managed to watch about half of the content. Many of my takeaways stem from conversations I had–both on and off stage. One of my favorite things about Finovate is the seasoned and diverse base of attendees who are willing to openly answer questions.
That said, here are my top five takeaways from the event:
GenAI is everywhere
On stage: Many of the live demos centered around genAI. Each company emphasized that they were using a large language model (LLM) with guardrails to create a responsible, generative AI to save time and create efficiencies.
On the networking floor: While conversations surrounding genAI were generally positive, some people were more bearish on the topic, expressing concerns that human-in-the-loop does not offer enough accountability and that AI needs to be responsibly integrated into workplace organizational structures so that we do not eliminate all lower level employees. I learned that everyone has an opinion on the matter, but nobody can offer any accurate prediction on future applications of AI in financial services.
Third party risk management in BaaS
On stage: With all of the drama in the BaaS space, there was a lot to talk about when it comes to third party risk management. Much of the discussion centered around properly vetting third party providers, creating open and transparent communication between third parties and the bank, and having a clear exit plan for when the third party ceases operation.
On the networking floor: A lot of folks were talking about the Synapse bankruptcy case and the potential implications its collapse may have on For Benefit Of (FBO) accounts and BaaS in general. While some said that the FBO model is risky, others said that the issue lies in middleman providers such as Synapse, Unit, and Treasury Prime, and that BaaS will remain unharmed.
Future of regulatory constraints
On stage: Many speakers and panelists brought up the topic of regulation, as multiple fintech subsectors of fintech are dealing with volatile regulatory environments. During the panels and presentations, most speakers shared a positive outlook on the regulatory environment in the U.S.
On the networking floor: Similar to the speakers, many folks I spoke with on the networking floor had positive things to say about the U.S. regulatory environment. Even when discussing consent orders related to BaaS, the emphasis of these discussions centered around future proofing third party relationships and maintaining open communication with regulatory bodies.
Scenario planning
On stage: During my fireside chat with Brian Solis, the digital anthropologist and futurist emphasized the importance of scenario planning. He stressed that both banks and fintechs will have the most opportunities for success in today’s fast-paced, ever-changing environment if they are diligent about scenario planning. This is especially true in a highly regulated industry and when AI is taking over much of the heavy lifting.
On the networking floor: While none of my conversations centered around scenario planning, a handful of folks brought up the importance of planning as a general way to mitigate risk when it comes to leveraging new technologies, forming new partnerships, and remaining customer centric.
Embedded finance
On stage: I had the opportunity to host a panel discussion on embedded finance on the second day of the conference. Our 30 minute conversation highlighted the prevalence of embedded finance across the fintech sector. The panel participants also reviewed tips on maintaining third party partnerships and emphasized that, while the customer always belongs to the bank, the relationship is more likely to get watered down when leveraging third party technology.
Off stage: Embedded finance was present everywhere I looked. It is clear that, despite some risks and regulatory concerns, banks and fintechs will continue to leverage embedded finance.
Honorable meow-ntion: J.P. Meowgan
My favorite session at every Finovate event is the Analyst All Stars, which features three or four analysts offering their seven-minute presentations on a top fintech theme. During his presentation, Ian Benton, Senior Analyst at Javelin Strategy & Research who gave a presentation on small business banking used an illustration of a cat he named Mr. Munchies who needed to visit J.P. Meogan to get a loan for his small business.
Small business banking platform Relay raised $32.2 million in a Series B round led by Bain Capital Ventures.
Relay will use today’s funds to further develop products in spend management, smart credit products, and its financial API marketplace.
Relay recently unveiled a commercial credit card offering and plans to launch a line of credit.
Small business banking and money management platform Relayraised $32.2 million this week. The Series B financing round, which was led by Bain Capital Ventures brings the company’s total funding to $51.6 million.
Today’s round also includes contributions from new investor Industry Ventures, as well as previous contributors BTV, Garage, and Tapestry. “Relay’s been on an incredible trajectory, even as others in the industry have had to pivot and find new footing,” said Bain Capital Ventures Partner Kevin Zhang. “We were eager to get behind Relay again as the company enters its next stage of growth and doubles down on the unique needs of the SMB market.”
Relay was founded in 2018 to help small businesses owners build healthy businesses by better understanding and managing their cashflow. Through its partnership with Thread Bank, the company offers business checking and savings accounts, accounts payable tools, receipt management, and– most recently– a credit card for select users. Relay also said that its launch of a line of credit offering is “slated to come.”
“68% of U.S. small business owners have cash flow problems. They worry about making payroll and mission-critical bills but lack the tools to truly address these existential threats,” said Relay Co-founder and CEO Yoseph West. “Relay gives them cash flow clarity and control—what SMBs need to sustainably fuel everyday operations—by pairing financial services with software and making banking work harder for them.”
Relay will use today’s funds to further develop products in spend management, smart credit products, and its financial API marketplace. The company believes these developments will help it achieve its goal of delivering AI-powered predictive cash flow analytics to SMBs.
Relay saw its revenues rise by 3x in 2022 and by almost 6x in 2023. While the company has not released user numbers, Relay revealed that business owners log into its platform 13 times per month, and of the clients that use Relay as their primary account, 40% log in daily.
Business banking platform Rho has partnered with Navan to launch a jointly branded tool that will allow Rho’s business clients to add and manage their Rho Corporate Cards directly within Navan.
The partnership is leveraging Navan Connect, a card-link technology that extends Navan’s No Expense Reports experience to authorized expense partners.
The new, joint tool offers business clients a unified interface that saves them from having to coordinate multiple applications across separate vendors, or having to manage different costs and workflows.
Rho has teamed up with Navan to launch a new, jointly branded tool that will help simplify the way businesses manage their finances.
Leveraging Navan Connect, the new co-branded solution will allow businesses to add and manage their Rho Corporate Cards directly within Navan after configuring the cards using the Rho platform. Businesses can use the new finance suite to manage corporate travel and expenses, enforce expense policy compliance, send payments, and close their books. The unified interface saves businesses from having to coordinate multiple applications across separate vendors, or having to manage different costs and workflows.
Launched in 2023, Navan Connect is a card-link technology that extends Navan’s No Expense Reports experience to authorized expense partners. Using this technology, businesses can embed travel and other spending policies with Rho, which will offer finance departments control of and visibility into employee expenditures.
“We’re excited to partner with Navan to help businesses simplify the finance stack and save time and money,” said Rho Co-founder and CEO Everett Cook. “The years we’ve spent building the world’s best business banking platform infrastructure opens up ample opportunities for Rho to explore compelling partnerships with world-class organizations like Navan.”
New York-based Rho was founded in 2018 to serve as an all-in-one financial platform for businesses and organizations. In addition to checking and savings accounts and credit cards, the company offers expense management, AP automation, treasury management, and now business travel expense tracking and management.
Formerly known as TripActions, California-based Navan was founded in 2015 and leverages AI to create an enhanced user experience around booking corporate travel. Navan has made four acquisitions and now counts 2,900+ employees across 40 markets.
“Small- and medium-sized businesses need a complete suite of financial tools to get them up and running quickly,” said Navan Expense CEO Michael Sindicich. “With Rho, Navan customers now have an out-of-box set of financial tools from a trusted financial partner to help them proactively control spend as they scale while increasing operational efficiencies so companies can focus on the objectives that matter most.”
Aeropay raised $20 million in new funding for its pay-by-bank technology.
The round, which boosts Aeropay’s total funding to $25 million, was led by Group 11.
Aeropay also announced the launch of Aerosync, the company’s internally developed bank aggregator.
Chicago-based payments company Aeropayannounced today it has landed $20 million in new funding. The Series B round, which boosts the company’s total funds to $25 million, was led by venture capital firm Group 11 and saw participation from Chicago Ventures and Continental Investment Partners.
Aeropay was founded in 2017 to help businesses move money in a faster, less expensive way using Aerosync, the company’s internally developed pay-by-bank technology. Launching today, Aerosync is Aeropay’s bank aggregator that enables customizable integrations via open APIs.
“Payments in most verticals operate on archaic systems filled with excessive fees and risks,” said Aeropay Founder and CEO Daniel Muller. “We’ve built a bank-driven payments network that protects businesses against fraud, saves them money, and gives their customers an easy way to pay. Put simply, we are building the next-generation payments network.”
Aeropay will use the funds to expand into new markets, including financial services, wellness, utilities, QSR, and property management. The investment will also help fuel new product offerings, build on strategic partnerships, and explore new opportunities.
“For years, we’ve searched for a company advanced enough to solve the pains and inefficiencies of the card payment market, arguably the last bastion of the traditional financial services industry,” said Group 11 Founding Partner Dovi Frances. “Aeropay has tackled the most complex technological and compliance challenges, making them the most likely player to seize upon this massive addressable market.”
Pay-by-bank has seen rising popularity across the globe in the past few years, as open banking fuels new possibilities. The technology holds the promise of reducing transaction fees for retailers. End consumers, however, may remain skeptical of pay-by-bank’s security and user friendliness.
VantageScore launched its newest credit scoring model, the VantageScore 4plus.
The score combines consumer-permissioned open banking data with data from Experian, Equifax, or TransUnion to improve lenders’ underwriting efforts.
The new credit scoring model is available as a pilot for banks, fintechs, and government lenders.
Consumer credit score software company VantageScore unveiled VantageScore 4plus, its newest credit scoring model, today.
VantageScore 4plus leverages alternative data sourced through open banking that can be accessed via all major aggregator APIs. When consumers offer lenders access to their bank data, the lender can combine the data with traditional credit scoring information from Experian, Equifax, or TransUnion to make more informed underwriting decisions and potentially lend to more consumers who have thin credit files but demonstrate positive cash management.
“The use of consumer-permissioned bank account data is a huge step forward in creating a credit score that is more predictive and reflective of a consumer’s full financial profile, helping them build their credit and gain access to mainstream financial products,” said Credit Builders Alliance CEO Dara Duguay.
This new credit scoring model is available as a pilot for banks, fintechs, and government lenders. Because it uses the same 300 to 850 scoring range with aligned score-to-odds ratios as VantageScore 4.0, most lenders won’t need to adjust their credit or lending policies to use the new VantageScore 4plus credit score. And because the new score leverages real-time data, lenders will be able to view a consumer’s credit score adjustment within seconds, facilitating faster lending decisions.
The additional data from VantageScore 4plus not only helps lenders make informed decisions about new borrowers, but it also helps lenders identify existing borrowers whose habits have changed. The new score provides visibility into signs of financial distress months before the trouble is detected by traditional credit bureaus. which is critical in the current economic uncertainty.
“By harnessing the power of alternative open banking data, VantageScore 4plus is ushering in a new era of consumer credit scoring that is transformational for lenders,” said VantageScore President and CEO Silvio Tavares. “As the fastest growing credit scoring company in the U.S., with over 42% growth in 2023 and 27 billion credit scores used per year, lenders are recognizing the innovation and predictive power of VantageScore credit scores.”
The news comes shortly after Experian launchedCashflow Attributes, a tool also powered by open banking and consumer-permissioned data, that aims to offer lenders more data about underserved consumers.
Connecticut-based VantageScore was founded in 2006 as an independently managed joint venture of the U.S.’ three Nationwide Consumer Reporting Agencies (NCRAs) – Equifax, Experian and TransUnion. The company, which is committed to financial inclusion, saw the usage of its VantageScore increase by 42% in 2023, when it reported more than 27 billion credit scores. VantageScore helps 3,400+ institutions, including eight of the top 10 banks, to use the VantageScore credit score to underwrite credit cards, auto loans, personal loans, and mortgages.
Finovate’s David Penn interviewed Rikard Bandebo, VantageScore Executive Vice President and Chief Product Officer on the company’s approach to credit scoring in 2022.
With just a few days until FinovateSpring takes the stage at the Marriott Marquis in San Francisco, it is a good time to set your schedule in the event app. As usual, we have curated a lineup of keynote speakers who will be offering their expertise on some of the most pressing topics in fintech and banking.
Here’s a look at some of the keynote speakers taking the stage during the general session.
Brian Solis, Author at Mindshift: Ignite Change, Inspire Action, And Innovate For A Better Tomorrow
On Tuesday at 10:30 am, Solis’ keynote, The Cycle For Emerging Technologies: Which Will Really Matter To Financial Services Providers And Why? If You’re Waiting For Someone To Tell You What To Do, You’re On The Wrong Side Of Change will help financial services providers dig into the newest technologies and determine how to prioritize new, and rapidly approaching changes in banking and fintech.
Shirin Oreizy, Founder and CEO of NextStep
Oreizy’s keynote address is taking place on Tuesday at 12:45 pm. During her presentation, How Companies Can Leverage The Psychology Of Human Decision Making To Design And Scale Financial Products, Oreizy will consider how your consumers are really making their decisions, what motivates them, and how to design your UX to drive desired behavior.
Manas Chawla, CEO at London Politica
Chawla will take a look at the current geopolitical outlook in his keynote, The Global Economic & Geo-Political Outlook – What Are The Five Things You Need To Know? He takes the stage at 1 pm on Tuesday and will be looking at topics such as the interest rate environment, bank failures, wars, and political tensions.
Karl Alomar, Managing Partner at M13
In his quick fire keynote session at 3:35 pm on Tuesday titled, Major Banks Are Making Serious Plays In The Crypto & Digital Currencies Space – Why?, Alomar will consider the shortcomings of traditional currencies and will take a look at the rise of digital currencies, including CBDCs. He will also address the impact digital currencies will have on banks and how they should prioritize discussions.
Gary Rudman, Founder and CEO of GTR Consulting
Rudman will take the stage at 11:40 am on Wednesday to offer his keynote, ALT, SHIFT & CTRL: The 3 Keystrokes That Define the Gen Z Worldview – What Banks & Fintechs Need to Know. During his presentation, Rudman will describe how Gen Z differs from their predecessors and will discuss how banks can connect with the new generation.
Sam Kilmer, Managing Director, Fintech Advisory at Cornerstone Advisors
Kilmer’s quick fire keynote, which takes place at 9 am on Thursday, is titled, Focusing On The Three Pillars Of Banking: Deposits, Loans, and Money Movement – How Can Banks Innovate To Drive Revenue In A Challenging Economic Environment? The presentation will cover what Kilmer has determined are the three pillars of banking: deposits, loans, and money movement operations. Kilmer will also consider KYC, fraud detection, and authentication, and will discuss what banks should prioritize to add value.
James Robert Lay, Author of Banking on Digital Growth
In his keynote, Banking On Change – The Exponential Growth Journey, Lay considers how firms can maximize their digital growth using a future mindset. He also looks at how legacy systems limit digital growth potential. Lay’s presentation begins at 9:50 am on Thursday.
Sarah Welch, Managing Director at Curinos
In her quick fire keynote, How AI Is A Force Multiplier On Customer Loyalty, Welch will offer her take on AI in financial services and will consider how organizations can use the enabling technology to improve customer service and ultimately improve loyalty. Welch’s presentation begins at 10:05 am on Thursday.
Sam Maule, Head of Business Development at Moov
Maule’s presentation, The Next Chapter For Embedded Finance & The Digitisation Of Commerce. In An Age Of Re-Bundling Financial Product Experiences, How And Where Should Banks Play To Win? Why Retailers & Banks Need To Be Actively Partnering On Embedded Finance, takes place at 11:25 am on Thursday. Maule will consider how embedded finance is transforming the industry and will offer advice on where to steer.
