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FinovateSpring 2023 Sneak Peek: 9Spokes

By Madeline Clines Posted on April 27, 2023
Categories: 9Spokes, FinovateSpring 2023, FinovateSpring 2023 Sneak Peek

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

9Spokes unlocks the potential of open data and open banking by collecting consented data from businesses to give financial institutions a powerful set of tools to engage their business customers.

Features

Cashflow - plan, project and manage cash position

Banking - analyze spending habits and trends

Business Apps - provides a streamlined business management experience using key business apps

Why it's great

The 9Spokes toolset makes the financial institution the center of their business customers’ daily financial lives - driving customer engagement, cross-selling and up-selling opportunities.

Presenter

Tom Baran, Head of Partnerships
Baran has been a growth agent and business development leader concentrating within technology and SaaS verticals. He oversees the product-partnership ecosystem for 9Spokes.
LinkedIn

FinovateSpring 2023 Sneak Peek: Prelim

By Madeline Clines Posted on April 27, 2023
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, Prelim

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

Prelim is a white-labeled platform that helps banks digitize business banking. With core integrations and out-of-the-box AML/BSA solutions, they power automation by connecting with any system via API.

Features

Automate business account onboarding with a few clicks

Connect to external providers, including cores, to satisfy AML/BSA/CIP requirements

Launch products and services without re-keying data

Why it's great

Prelim offers a core integrated business account onboarding solution that allows users to launch other banking products (i.e., treasury & merchant services, lending, etc.).

Presenters

Heang Chan, Co-Founder & CEO
Prior to founding Prelim, Chan was a Product Expert for Blend.
LinkedIn

Sam Kim, SVP, Head of Banking Platform
Before joining Prelim, Sam Kim worked for Wells Fargo Home Mortgage and Enterprise.
LinkedIn

Splitit Launches SplititExpress to Enable Checkout in Under 2-Seconds

By Julie Muhn (@julieschicktanz) Posted on April 26, 2023
Categories: Alumni News, Daily news, SplitIt

Splitit is launching a new white-labeled payment offering called SplititExpress.

The new tool supports installment payments via GPay and ApplePay, and helps customers check out in under two seconds.

The merchant-branded checkout experience eliminates the typical visual clutter of online checkout interfaces by removing logos.

Buy now, pay later (BNPL) company SplitIt is launching a new white-labeled payment offering called SplititExpress. The new tool enables companies to facilitate a checkout process that takes fewer than two seconds while also supporting installment payments via GPay and ApplePay.

SplititExpress allows for a merchant-branded experience that eliminates the visual clutter by removing multiple logos and checkout options. It also empowers businesses by giving them full ownership of their customers' journey and first-party data.

Splitit's Installments-as-a-Service product is a BNPL tool that leverages Checkout.com’s payment-acquiring capabilities to enable consumers to pay for a good or a service in installments, interest-free. The Installments-as-a-Servce tool…

Payments Consulting Firm Yeeld Teams Up with Stripe

By David Penn Posted on April 26, 2023
Categories: Daily news

Payments consulting startup Yeeld has teamed up with Stripe.

Two former Stripe employees - Emily Tsitrian and Mira Boora - founded Yeeld in the fall of 2022.

Earlier this month, Yeeld announced a partnership with Merit Software Holdings.

Payments consulting company Yeeld has announced a partnership with Stripe. What makes the partnership interesting is that Yeeld was launched just a few months ago by a pair of former Stripe employees: Emily Tsitrian and Mira Boora. The two financial services professionals are leveraging their more than 24 years of payments experience to help businesses optimize all aspects of the payments process - from managing chargebacks to streamlining payouts. Yeeld's partnership with Stripe is the most recent example of this effort.

"Payments is no longer a commodity - it's a strategy," Tsitrian said. "It involves customer experience, geographic expansion, managing risks, and building for scale. Yeeld is passionate about helping businesses…

Why Financial Services Firms Need to Feed Frontline Teams with Real-Time Data and Analytics

By Lili Nguyen Posted on April 26, 2023
Categories: Sponsored

This is a sponsored blog post by Tim FitzGerald, EMEA financial services manager, InterSystems

In today’s fast-paced landscape, where disruption is common and market volatility takes place with monotonous regularity, access to accurate and current data is necessary to ensure businesses can respond to changes effectively in the moment to remain competitive.

Being able to access to real-time data, and thus decrease business latency, is crucial to the competitiveness of financial services firms. Basing decisions on assumptions derived from old data imposes restraints on their ability to cope with sudden changes in market sentiment, deliver high-value services to customers, and manage risk exposure.

Research conducted by InterSystems shows that more than a third (35%) of European financial services organizations aren’t basing critical business decisions on real-time data, with just 8% of firms using data that is less than an hour old to make decisions. Given the constraints imposed by the…

FinovateSpring 2023 Sneak Peek: Savana

By Madeline Clines Posted on April 25, 2023
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, Savana

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

Savana unifies and orchestrates banks' processes between the core, back-office, and digital channels to enable frictionless interactions between banks and their customers.

Features

Provides one experience for servicing customers across bank-assisted channels and products

Includes core-to-customer centralization and automation of processes

Digital channels leverage centralized processes via APIs

Why it's great

Savana enables banks to own business processes and channel experiences holistically, eliminate process silos on the back-end and the front-end, and launch or modernize quickly without risk.

Presenters

David Williams, CPO
Williams leads the development and execution of Savana’s product strategy to bring value to banks and their customers.
LinkedIn

Larry Edgar-Smith, SVP, Sales Engineering
Edgar-Smith combines market intel with industry experience to help shape the strategic direction of Savana’s solutions.
LinkedIn

Plumery Raises $4.5 Million for its Component-Based Banking Tech

By David Penn Posted on April 25, 2023
Categories: Daily news, Funding

Banking technology provider Plumery raised $4.5 million in seed funding.

Tomorrow Ventures, Headline, Seedcamp, and Cocoa Ventures led the investment.

Former Mambu CTO and CPO Ben Goldin founded Plumery in 2020.

Component-based banking technology company Plumery has raised $4.5 million in funding. Better Tomorrow Ventures, Headline, Seedcamp, and Cocoa Ventures led the investment. Also participating in the funding were business angels Didier Valet, Ricky Knox, and Alan Morgan. Valet is former deputy CEO of Société Générale. Knox is the founder of Tandem Bank. Morgan is a former senior partner at McKinsey. Ben Goldin, former CTO and CPO of Finovate alum Mambu, founded the company in 2022. Plumery will use the capital to fuel product development.

"The banking industry has changed and continues to evolve every day," Goldin said. "Today, consumers are looking for a seamless digital onboarding and customer experience, continuous product improvements that are personalized, and reliability…

The European Payments Initiative Makes Acquisitions to Fuel New European Unified Payment Solution

By Julie Muhn (@julieschicktanz) Posted on April 25, 2023
Categories: Daily news, Mergers & Acquisitions

The European Payments Initiative (EPI) acquired two payments companies-- Currence-owned payment solution iDEAL and payment solutions provider Payconiq.

EPI will leverage the new acquisitions to build a unified payment solution for Europe.

The unified payment scheme will begin by offering P2P payments by the end of 2023 across France and Germany.

Payments solutions initiative European Payments Initiative (EPI) announced it has acquired two payments companies and has simultaneously unveiled plans to launch an instant payments solution for Europe.

EPI is purchasing Currence-owned payment solution iDEAL and payment solutions provider Payconiq International (PQI) for undisclosed amounts. The three companies are joining forces to organize EPI’s unified payment solution for Europe.

"EPI will leverage the strong operational experience, know-how and local market knowledge of these companies," said EPI CEO Martina Weimert. "We are developing a new, scalable platform to address the modern and evolving payment needs of European consumers and merchants in…

Plaid Partners with Gen Z Personal Finance App Buddy

By David Penn Posted on April 25, 2023
Categories: Alumni News, Alumni profile, Plaid

Gen Z-focused personal finance app Buddy has teamed up with open finance specialist Plaid. The partnership will enable Buddy users to manage their finances and track their spending more easily thanks to Plaid's open finance APIs. Plaid's APIs ensure secure connections between users' financial accounts and financials apps. The integration will allow users to easily monitor accounts and expenses in a single location, as well automate their savings.

"By using apps like Buddy, younger generations can gain better control over their finances and make more informed decisions, helping them to develop healthy habits that will serve them well in the future," Buddy founder and CEO Olle Lind said. "By teaming up with Plaid, we are making this process quicker and more painless than ever before, helping millions across the world budget and plan for the future they want and deserve."

Buddy is among the top personal finance apps in…

FinovateSpring 2023 Sneak Peek: Deserve

By Madeline Clines Posted on April 25, 2023
Categories: Deserve, FinovateSpring 2023, FinovateSpring 2023 Sneak Peek

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

Deserve's configurable credit card platform helps FIs reduce fraud with card controls, deploy launches and feature releases quickly, and drive top-of-wallet with superior cardholder experiences.

Why it's great

Deserve provides financial institutions with a fully-configurable credit card platform including cutting-edge card issuing, processing, and superior mobile cardholder experiences.

Presenters

Rajan Annadurai, CTO
Annadurai leads the vision, strategy, and execution of the Deserve credit card platform.
LinkedIn

Shiv Bhatt, Head of Product
Bhatt leads Product at Deserve and delivers on a roadmap to provide partners with an integrated full-stack platform that is configurable with fast deployment.
LinkedIn

FinovateSpring 2023 Sneak Peek: Finturf

By Madeline Clines Posted on April 25, 2023
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, Finturf

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

Finturf provides a complete point-of-sale financing solution for contractors, medical offices, retailers, and other businesses, connecting customers to multiple lenders.

Features

Includes multiple lenders all in one place and automated lender matching

Provides control over lenders and offers presented to customers

Delivers detailed application status, as well as user and company performance

Why it's great

Finturf's multi-lender platform boosts sales by increasing approval rates, with flexible financing options.

Presenter

Narek Khachatryan, Head of Product
Narek Khachatryan is an accomplished fintech product executive who excels in product strategy, scaling startups, and point-of-sale financing, with strong problem-solving and collaboration skills.
LinkedIn