First National Bank of Oklahoma Partners with Teslar Software to Streamline Lending

By David Penn Posted on
Categories: Alumni News, Alumni profile, Teslar

Teslar Software and First National Bank of Oklahoma announced a new partnership this week. The bank will leverage Teslar Software's technology to streamline its lending processes. The partnership will also enable First National Bank of Oklahoma to better track exceptions and manage documentation.

First National Bank of Oklahoma president and CEO Mel Martin called Teslar Software a "natural fit to partner". The relationship between the two entities goes back to the pandemic days when First National Bank of Oklahoma used the fintech's PPP solution. "We experienced firsthand that they're a nimble, dependable organization that truly understands and cares about community banks," Martin said. He added that the technology from Teslar will not only help the bank become more efficient, "it will also help us better manage risk in our portfolio."

Headquartered in Springdale, Arkansas, and founded in 2008, Teslar Software made its Finovate debut at FinovateSpring 2015 as 3E Software.…

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FinovateSpring 2023 Sneak Peek: Illuma

By Madeline Clines Posted on
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, Illuma Labs

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot.

Illuma's Shield Voice Authentication is now integrated with Glia’s Digital Customer Service Platform for frictionless yet secure voice engagements.

Features

Better customer experience with frictionless account access

Improved operational efficiency by cutting minutes from each phone call

Better security with biometric voice authentication

Why it's great

The Illuma Shield voice authentication integration with Glia improves operational efficiency, security, and customer experience for community banks and credit unions.

Presenters

Milind Borkar, Founder & CEO
Borkar brings a background in R&D and more than 50 successful product launches to his role as Founder and CEO of Illuma Labs.
LinkedIn

Greg Cummings, Director, Global ISV Partners
Cummings has over 20 years of experience in the customer engagement space and currently serves as the Director of Global ISV Partnerships at Glia.
LinkedIn

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FinovateSpring 2023 Sneak Peek: Wink

By Madeline Clines Posted on
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, Wink

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot.

Wink's revolutionary biometric payments and identity platform eliminates passwords and fraudulent activities utilizing advanced AI/Machine Learning, cutting-edge face, and voice recognition for unparalleled authentication.

Features

Goodbye passwords, fraud, and compliance costs with multi-factor biometric authentication

Full-service payment orchestration delivers secure payment experiences with failover protection

Guest checkout elimination simplifies checkout

Why it's great

Wink enables any institution to offer simpler and superior identity and payments experiences through biometrics that ensures full privacy protection that cannot be decrypted.

Presenters

Deepak Jain, CEO & Founder
With multiple patents in payment and security technologies, Jain has built transformational businesses and products in the NFC payments, neobanking, blockchain and cross-border payment spaces.
LinkedIn

Gary Bender, CBO
Bender brings a depth of experience with technology, payments, banking, fintech, and a track record for…

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FinovateSpring 2023 Sneak Peek: pave.dev

By Madeline Clines Posted on
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, Pave

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot.

Pave.dev helps credit teams reduce risk and identify healthy borrowers. By unifying banking, credit, and proprietary performance data, their Scores & Attributes predict borrower behavior.

Features

Supplement credit report data with real-time cashflow to identify healthy borrowers

Dynamically adjust credit limits

Personalize payment plans to improve collections success

Why it's great

With new data comes new risk - credit risk teams can’t keep up with the explosion of consumer permissioned data. Pave gives credit risk teams the best tools to power credit decisions with cashflow intelligence.

Presenter

Raymond Rouf, CEO & Co-Founder
Rouf is a 3x analytics founder with over 15 years of experience building and growing analytics products.
LinkedIn

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FinovateSpring 2023 Sneak Peek: upSWOT

By Madeline Clines Posted on
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, UpSwot

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot.

upSWOT enhances FI relationships with business clients by offering real-time, actionable insights, personalized suggestions, and relevant financing at the right time during the customer's journey.

Features

Provides real-time actionable insights

Offers SMB underwriting data

Includes comprehensive health indicators for business clients

Why it's great

Embedding upSWOT insights will improve outcomes and profitability for both the FI and the SMB.

Presenter

Adam Dolby, SVP Partnerships & Alliances
Dolby has been in the global fintech space for 20+ years and has worked to deliver solutions in partnership with industry leaders, such as Q2, Alkami, NCR, FIS, Fiserv, Jack Henry, and others.
LinkedIn

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FinovateSpring 2023 Sneak Peek: Front Financial

By Madeline Clines Posted on
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, Front Financial

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot.

Front Financial is a modern embedded infrastructure with transfer and execution capabilities across 300+ financial institutions, exchanges, wallets, and brokerages.

Features

One click asset transfer to exchanges and wallets

Read, write, and transfer capabilities

Account aggregation across asset classes

Why it's great

Front Financial offers embedded experience to their clients across asset classes and financial operations with their read, write, and transfer integrations.

Presenters

Bam Azizi, Co-Founder & CEO
Azizi is a serial tech entrepreneur and an API integration expert. At his previous startup, his team built over 2000 integrations with third-party apps.
LinkedIn

Rani Nagpal, VP Marketing
Nagpal is an innovative, tech-centric senior leader with deep operations and marketing experience and a background in economics.
LinkedIn

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FinovateSpring 2023 Sneak Peek: Flybits

By Madeline Clines Posted on
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, Flybits

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot.

Flybits is an award-winning personalization platform, enabling financial institutions to deliver best-in-class personalized digital banking experiences across mobile, web, and the metaverse.

Features

Deliver hyper-personalized experiences

Bring the person back into personalization by contextualizing digital touchpoints and interactions

Create interactive VR experiences in a secure environment

Why it's great

Flybits’ Open Dome enables users to deepen their relationship with their customers by interacting with them in a secure VR environment using advanced capabilities.

Presenters

Hossein Rahnama, CEO & Founder
Rahnama is the Founder of Flybits, a data intelligence company with over $60M in funding and global offices. He's a visiting MIT professor, co-founded the DMZ, and has 40+ publications/patents.
LinkedIn

Chris Pinkerton, CGO
Pinkerton has over 15 years of experience working with companies like Google and Microsoft to…

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Paydora Finance Unveils White-Label Banking Platform

By Julie Muhn (@julieschicktanz) Posted on
Categories: Daily news

Paydora Finance is publicly launching its white-label embedded finance tool today.

Germany-based Paydora Finance can help organizations launch their own branded digital bank account, payment card, and onboarding experience.

Dock is powering the technology and regulatory infrastructure behind Paydora Finance.

Banking-as-a-Service (BaaS) company Paydora Finance announced its public launch today. The Germany-based company offers a white-label banking platform that enables organizations to offer their own embedded finance solutions.

Businesses and organizations can leverage Paydora's solution to offer their B2B or B2C customers a fully branded digital banking account, Mastercard payment card, onboarding experience, and customer data hub. The product enables companies to create new revenue streams while maintaining control of the branded experience. What's more, Paydora's BaaS platform can be launched in as few as 30 days, with no coding experience necessary.

"Companies and organizations can now embed B2C and B2B banking solutions into their own product ecosystem much faster…

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Less Fraud, Less Friction: Darwinium Launches Continuous Customer Protection

By David Penn Posted on
Categories: Alumni News, Daily news, Darwinium

San Francisco, California-based fraud prevention startup Darwinium has launched its Continuous Customer Protection platform.

The new offering helps close the gap between digital security and fraud prevention silos.

Darwinium made its Finovate debut earlier this year at FinovateEurope in London.

Security and fraud prevention specialist Darwinium has launched its Continuous Customer Protection platform. The technology helps deal with the problem of disconnected point-in-time API integrations and risk scores. These issues can lead to both data breaches and a poor customer experience. Darwinium's Continuous Customer Protection platform provides continuous visibility and control throughout the entire customer journey. This enables the technology to proactively cover the distance between the silos of digital security and fraud prevention.

In a statement, Darwinium co-founder and CEO Alisdair Faulkner noted research that highlighted the impact of fraud controls on the customer experience. More than 80% of businesses, according to the report, said that fraud controls contribute…

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Meet at the Cafe: Fintech Bloodbaths, Brand Building, and Adulting in Financial Services

By David Penn Posted on
Categories: David's column, FinovateEurope 2023

What is the state of fintech midway through 2023? I caught up with our Meet at the Cafe analysts to hear their thoughts on the trends and tensions that are driving fintech today. My conversations featured Chris Skinner, author and CEO of the Finanser.com; Richard Neve, Executive Creative Director, Cognito Media; and Suraya Randawa, Head of Omnichannel Experience, Curinos.

Join our upcoming Meet at the Cafe conversation featuring myself and Finovate Senior Research Analyst Julie Muhn, at FinovateSpring on Wednesday May 24th.

Chris Skinner: On Crypto Winters and Fintech Bloodbaths

For Chris Skinner, the circumstances for cryptocurrencies in specific and fintech in general are dire. Referring to our current moment as "the crypto winter and fintech bloodbath," the CEO of The Finanser and frequent Finovate keynote speaker sees the crisis in crypto and the current challenges to fintech as part of the fallout from the overinvestment,…

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FinovateSpring 2023 Sneak Peek: Total CollectR

By Madeline Clines Posted on
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, Total CollectR

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot.

Total CollectR helps banks, credit unions, and other credit grantors solve one of their most challenging problems: unpaid receivables.

Features

Built by domain experts who understand consumers and how to get them to pay

Collect more money with fewer resources

Collect money faster than ever before

Why it's great

Total CollectR is the collections platform built by domain experts that can collect more money than a human counterpart.

Presenters

Jordan Akins, CEO
From serving in an executive-level role at the nation's largest collection agencies to establishing, growing, and selling multiple collection agencies, Jordan Akins has more than 17 years of experience.
LinkedIn

Janice Boyd, COO
Boyd is a global operations and business development professional with over 23 years of experience and success partnering with clients on collections and…

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Funderbeam Lands $40 Million for Angel Investing and Trading Platform

By Julie Muhn (@julieschicktanz) Posted on
Categories: Daily news, Funding

Funderbeam has received $40 million in funding, boosting its total raised to just under $60 million since it was founded in 2013.

Venture private equity group VentureWave led the round, taking a majority stake in Funderbeam.

The investment also brings a strategic partnership between Funderbeam and VentureWave, as the two seek to facilitate venture deals and offer access to the secondary market.

Angel investing and trading platform Funderbeam received $40 million in funding this week. The investment brings the U.K.-based company's total funding to just shy of $60 million. Leading the round is Ireland-based venture private equity group VentureWave, which now holds a strategic majority stake in Funderbeam.

With this week's fresh funding and strategic partnership, the two organizations will combine efforts to facilitate venture deals and offer access to the secondary market for venture deals for both institutional and angel investors.

"VentureWave’s investment in Funderbeam is a game-changer for…

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