FinovateSpring 2023 Sneak Peek: FINTEQ & Smart Faktor

By Madeline Clines Posted on
Categories: FinovateSpring 2023, FinovateSpring 2023 Sneak Peek, FINTEQ & Smart Faktor

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

FINTEQ is a technology startup from Poland building the next-gen risk-free payment accelerator and striving to change how companies improve their cashflows in a healthy and sustainable way.

Features

Lowers purchasing costs in the supply chain

Provides debt free trade finance alternatives for suppliers

Generates extra profits for the business

Why it's great

FINTEQ has created a mobile payments accelerator in a supply chain.

Presenters

Rafal Chrabol, CEO
Chrabol is an executive in IT and finance with more than 15 years of experience. He is the Founder and CEO of FINTEQ and the Board Advisor for financial technology at the Polish Corporate Treasurers Association.
LinkedIn

Aleksandra Chrabol, Media Editor
As a highly creative and open-minded media editor, Chrabol is responsible for delivering the most relevant and eye-catching content…

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Fresh Faces at FinovateSpring

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2023

With new challenges come new opportunities, and fintech has always been at the forefront of creating tools to help consumers, businesses, and traditional financial institutions overcome their obstacles. And given all of the changes taking place in financial services, there's never been a better time for fintechs to shine. That's why at FinovateSpring next month, we'll showcase 50+ fintechs as they demo their newest developments from the Finovate stage.

So far this year, we have 25 new demoing companies. We wanted to highlight them because we figured they might be new to you, as well. Here's a rundown of the new-to-Finovate demo companies currently on the roster:

1kosmos
1Kosmos automates user onboarding for workers and customers, protecting against stolen and synthetic identities while eliminating ATO and fraud.

9Spokes
9Spokes unlocks the potential of open data, giving financial institutions a powerful set of tools to engage business customers.

AI Squared
AI…

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Super.com Raises $85 Million for Savings Super App

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

Super.com raised $85 million in a Series C funding round led by Inovia Capital.

Super.com did not disclose its current valuation but said that it has "increased significantly" since 2021.

Super.com rebranded from Snapcommerce in October of last year.

Super.com is bringing in an $85 million investment today in a Series C fundraising round that boosts the company's total funding to $186 million. While there is no update on Super.com's current valuation, the company noted that it has "increased significantly" since it closed its Series B round in March of 2021.

The round was led by Inovia Capital with contributions from new investors Harley Finkelstein, Deb Liu, Allen Shim, Josh Proctor, Chris Best, Neha Narkhede, and Mike Lee. Existing investors Telstra Ventures, Acrew, Lion Capital, Full In Partners, NBA star Steph Curry, and others also contributed.

"Raising our Series C is proof of investor confidence in our ability to scale the business responsibly. This will…

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Array Launches Debt Manager to Bring Transparency to Customer Accounts

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

Financial enablement platform Array has launched its Debt Manager solution.

Debt Manager provides consumers with real-time information about their debts.

Array won Best of Show in its Finovate debut at FinovateFall 2021. The company won a second Best of Show award on its return to the Finovate stage at FinovateSpring 2022.

Financial enablement platform Array has launched its Debt Manager solution. The new offering is an embedded solution that gives consumers real-time information about their debts. Debt Manager is especially helpful during lead qualification, debt management, and similar processes. The technology helps reduce borrower risk and enhance loan marketing by ensuring that the prospective borrower's most current credit data is accessible.

"At Array, our vision is to empower every individual to own their financial future by providing access to the right data and tools at the right time," Array founder and CEO Martin Toha said. "Today's introduction of Debt Manager…

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5 Tips for Driving Revenue through Customer Engagement

By Lili Nguyen Posted on
Categories: Sponsored

This is a sponsored blogpost by JRNI.

We are in an environment of rising interest rates that will materially impact how financial institutions compete for customers. Banks and credit unions will have to embrace product innovation and relationship building as they refocus on deposit and lending services. Customer engagement will play a critical role in this change, as customers will need guidance on new products and benefits while in-person branch visits become key to establishing customer relationships.  

When we dig into the mechanisms behind how customer engagement leads to revenue, we start with how customers progress through sales stages. There are various models and stage labels, but they all have one thing in common: the customer has some sort of informational or emotional need that must be fulfilled before they advance to the next stage. The customer may be able to fulfill this need on their own through means…

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Finovate Global: CFDs, Licenses, and the Latest on Crypto in Central and Eastern Europe

By David Penn Posted on
Categories: ACI Worldwide, Finovate Global

One of my biggest takeaways from my conversations about digital assets with delegates at FinovateEurope last month was the idea that new use cases will be among the first signs that the industry has emerged from so-called "crypto winter."

That bar is likely years away from being cleared. In the meanwhile, crypto exchanges continue to expand access to digital assets for traders and investors. Today's edition of Finovate Global looks at recent developments in the cryptocurrency and digital asset industries in Central and Eastern Europe (CEE).

Austria-based Bitpanda announced this week that it now offers CFDs - contracts for difference - for trading cryptocurrencies. CFDs are available for Bitcoin, Ethereum, and Solana on Bitpanda's platform. These products enable cryptocurrency traders and investors to speculate on both rising and falling prices. The new offering, on the platform under the appropriate name "Bitpanda Leverage," also gives cryptocurrency traders the ability to…

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TransUnion Brings Credit Scoring to the Blockchain

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Daily news, TransUnion

TransUnion has partnered with Spring Labs and Quadrata to bring credit scoring to the blockchain.

Spring Labs' technology will deliver TransUnion-powered data to Quadrata's Web3 digital passport.

TransUnion EVP of Financial Services Jason Laky said the move will "allow for DeFi lenders to have access to this critical information when making their lending decisions with confidence, ultimately minimizing their risk and providing borrowers more opportunity for better terms."

TransUnion has partnered with two firms to bring credit scores onto the blockchain. The Illinois-based company has tapped data security firm Spring Labs and decentralized networks expert Quadrata to ultimately help lenders make data-driven decisions on credit applications submitted via the blockchain.

The partnership will enable TransUnion to-- upon the customer's request-- provide credit data that is not stored on a blockchain to decentralized finance applications (DApps). TransUnion, which holds the consumer credit data off-chain, will leverage Spring Labs' patented technology that…

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FinovateEurope Talks: Open Banking and Open Finance

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateEurope 2023, Marketing

Europe is a leading region in open banking and open finance, and the region's fintech experts have a lot to say about both topics. While we were at FinovateEurope in London last month, our team set out to gather thoughts on the open banking and open finance environment in Europe and beyond.

In this five-minute video, we feature nine industry leaders who talk about the overall purpose of open banking and open finance, why they are important, and monetization strategies. The clip also addresses customer sentiment-- are end users really on board?

Photo by Jill Burrow

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Arkose Labs Introduces New Technology to Combat Advanced Phishing Attacks

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

Arkose Labs introduced new detection and alert capabilities against advanced phishing attacks.

The new capabilities combat an evolution in phishing called "reverse proxy phishing."

Arkose Labs won Best of Show in its Finovate debut at FinovateSpring in 2019.

Bot detection specialist Arkose Labs now detects and alerts against advanced phishing attacks. The new functionality combats "reverse proxy phishing," the latest evolution in the challenge of dealing with fraudsters and cybercriminals.

"Phishing isn't simply about domain block lists or analyzing website contents anymore," Arkose Labs CTO Ashish Jain said. "Those methods might work against unsophisticated attacks, but new phishing attacks require a comprehensive security posture."

Reverse proxy attacks use fake websites to impersonate legitimate websites. Bank websites are a common target. In the process, users are encouraged to visit the fake website via a message and are asked to login. The fake website then sends the user's information to the…

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ESG Regulations May Bring Investing’s Green Future

By Julie Muhn (@julieschicktanz) Posted on
Categories: Thought Leadership

Environmental, Social, and Governance (ESG) investing has been gaining traction across the globe. PwC reports that ESG is "soaring", and anticipates that ESG institutional investment will climb 84% to $33.9 trillion in 2026.

The firm states that by 2026, ESG assets under management (AUM) in the U.S. will more than double to total $10.5 trillion. In Europe, PwC expects the amount of ESG AUM will see an increase of 53% to $19.6 trillion. And in APAC, the firm estimates that ESG AUM will more than triple to $3.3 trillion.

What will help drive that change? Regulation.

Regulation

Though the concept of ESG investing has been around for more than a decade, there have only recently been efforts to formalize regulation surrounding ESG disclosure, investment, and ESG practices and financial products. Europe, for instance, has come up with its European Green Deal, a set of proposals to stem climate change,…

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FinovateSpring 2023 Sneak Peek: Finalytics.ai

By Madeline Clines Posted on
Categories: Finalytics.ai, 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.

Finalytics.ai is the first community financial institution platform to apply real-time multi-faceted data with machine learning to produce a segment of one digital experience for consumers.

Features

Finalytics.ai seeks to go beyond personalization to impact the top and bottom lines of their clients by:

Increasing deposits

Increasing loan applications

Increasing digital engagement

Why it's great

The Finalytics.ai platform is the only built-for-purpose solution that leverages internal and external data with machine learning to create an experience tailored to the individual's needs each time they engage.

Presenters

Craig McLaughlin, Co-Founder & CEO
McLaughlin's focus is on Finalytics.ai's partnerships with leading community financial institutions. He is regularly featured in banking industry media.
LinkedIn

Mark Ryan, Co-Founder & Chief Analytics Officer
Ryan's focus is on ROI goals, data strategies, digital channel…

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FinovateSpring 2023 Sneak Peek: Deception And Truth Analysis (D.A.T.A.)

By Madeline Clines Posted on
Categories: Deception And Truth Analysis (D.A.T.A.), 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.

D.A.T.A. provides lightning fast and highly accurate analysis of investment due-diligence documents for their level of deceptiveness and truthfulness.

Features

Provides unique actionable insights for investment decision makers

350x faster than investment professionals

Scientifically rigorous and validated

Why it's great

Accurate assessment of deceptiveness and truthfulness is predictive of future investment outcomes.

Presenters

Jason Voss, Co-Founder & CEO
Voss is a retired five-star and Lipper #1 portfolio manager. He is an author, deception scientist, conscious capitalist, and meditator.
LinkedIn

Nandan Shah, Co-Founder & COO
Shah is an accomplished executive with a background in public and private market investing and a passion for entrepreneurship.
LinkedIn

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