FinovateAsia Sneak Peek: Think Analytics

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Think Analytics is a five-year old leading analytics startup in India, with the core team having a combined experience of 50+ years. The company works with several non-banking financial companies, leading fintechs, banks, and others.

Features

Algo360 helps digitize and automate processes like underwriting, identity assessment, and seamless digital onboarding. Think Analytics is able to leverage alternative data through digital footprints for the same.

Why it’s great
The solution is already live with several non-banking financial companies and fintechs. It has already processed 10 million applications with turnaround time of less than one minute.

Presenters

Monish Salot, Co-founder and CTO
Salot leads the business development and technology efforts at Think Analytics. Prior to this, he lead teams at 3iInfotech and other organizations.
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Abhishek Joshi, Senior Associate
Joshi loves solving technology problems and building solutions for scale. He has already won multiple fintech awards in India for building scalable tech solutions.
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FinovateAsia Sneak Peek: Avaloq

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Avaloq’s ecosystem provides seamless access to an unparalleled number of market-leading fintech solutions on the Avaloq platform via open APIs.

Features

  • Ready-to-bank third party solutions
  • Highest security standards guaranteed
  • Standardized, secure and scalable banking APIs

Why it’s great
Developing a comprehensive digital business ecosystem is one of Avaloq’s strategic priorities. Avaloq offers one platform with the goal of making new fintech innovations accessible to 150+ financial institutions.

Presenters

Stewart Chen, Regional Product Manager
Chen is a digital native and prior to joining Avaloq, he had been building successful startups for over 10 years. He steered his first startup to triple-digit growth for three consecutive years.
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Bodo Grauer, Head of Digital Strategy and Transformation
Grauer is a development lead and drives product innovation for Avaloq’s ecosystem. He brings a wealth of experience and successful track record in managing technology projects in global finance.
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FinovateAsia Sneak Peek: Arival Bank

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

Arival is the first digital fintech bank for SMEs. Arival partners with some of the best names in fintech to deliver awesome products tailored for businesses. Arival makes running a business easy.

Features

  • Supports 100% online business account opening from any part of the world
  • Provides access to digital banking products handpicked for SMEs
  • Integrates the best fintechs to create an amazing banking experience

Why it’s great
Imagine if all your favorite fintechs existed inside your bank and you never had to go searching for another financial product or service again.

Presenters

Jeremy Berger, Chief Operating Officer
Berger is a young entrepreneur with big dreams. Driven by resilience and an insatiable desire to create a legacy, Berger is on a mission to help businesses discover the new world of digital banking.
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Igor Pesin, Co-Founder and CFO
Pesin is a Partner at Life.SREDA (Singapore), one of the first fintech-only VC funds in SE Asia with a portfolio of 25+ fintech startups. Pesin co-founded Arival, the first fintech bank for businesses.
LinkedIn

FinovateAsia Sneak Peek: RISQ

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

RISQ empowers corporate banking divisions with a solution that combines an efficient platform with intelligence, data integration, and AI, presented in a radically intuitive user experience.

Features

  • Manages complex credit decisions with ease
  • Offers integrated analytics and AI components to support the process
  • Integrates “out of the box” with multiple external data repositories

Why it’s great
RISQ | Corporate Lending powered by CRIF puts business banking users in the driving seat, giving them 360-degree visibility of every credit decision in real-time.

Presenters

Michael Jesse, CEO
Jesse has met with over 150 banks in 35+ countries as part of various management roles. This unique insight was channeled into RISQ to create a radically new approach in financial software.
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Ozan Vakar, CTO
Vakar, being an entrepreneur for 25+ years in the financial services industry, has the unique capability to transform a business requirement into a software solution exceeding clients’ expectations.
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FinovateAsia Sneak Peek: CASHOFF

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

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

Features

  • AI-powered cashback to banks’ customers by big-name brands
  • Comprehensive transaction 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

Billy Leung, 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 eight.
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Justin Lai, Sales and Marketing Director
With more than eight years of experience in Business Development and Advertising, Lai has a strong network for banks and brands. He currently oversees marketing strategy and business development for APAC.
LinkedIn

FinovateAsia Sneak Peek: Siam Commercial Bank

A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot.

SCB is Thailand’s first bank, established in 1906 under the Royal Charter. With the continual pursuit of technological innovation, SCB’s vision is to be serving as “The Most Admired Bank” by 2020.

Features

Business account opening for any juristic customer:

  • No document required
  • Only one signature
  • Realtime activation

Why it’s great
Once and done.

Presenters

Arthit Sriumporn, SVP, Business Platform
Sriumporn is a banker with a passion to make a difference focusing on customer experience. He strongly believes in providing the best in class products and services to the customer.
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Piyachat Kunthachaem, Business Platform Officer
Kunthachaem’s endeavor and passion to give the best experience to business customers has lead her to build an innovative customer onboarding platform.
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Sukanya Bowornsettanan, Project Manager, Transformation
Bowornsettanan is responsible for the change management strategy for StartBiz. The seamless project execution is based on her cross-functional knowledge from various sectors and passion of living “digital.”
LinkedIn

Fintech Takes Over Hong Kong

Fintech will take over Hong Kong during the city’s Fintech Week, which will begin with FinovateAsia on October 29 and 30, and we’re excited to be a part of it. If you don’t have your ticket yet, register today to join the crowd at the Hong Kong Convention Center.

We’ve finalized the agenda to bring you live demos from the hottest fintechs in Asia, as well as valuable discussions from industry experts and leaders from the region’s top financial services organizations. We’ll also host a variety of action-packed networking sessions where you can chat with our speakers and get to know other attendees.

Here are some of the discussions you won’t want to miss:

Keynote Addresses

  • Chris Skinner, Chairman of the Financial Services Club, will speak about the threat tech giants pose when it comes to customer data.
  • JP Nicols, Managing Director of Fintech Forge, will discuss why banks have to change or risk failure.

Analyst All-Stars

Leading research analysts will share their thoughts and latest research about key global fintech opportunities. Hear from:

  • Frederic Giron – Vice President, Research Director, Forrester
  • Kieran Hines – Head of Industries, Ovum
  • Daniel Latimore – Senior Vice President, Banking Group, Celent
  • Henri Arslanian – FinTech & Crypto Lead, Asia, PwC

Key Discussions

Over the course of two days, we’ll highlight fintech’s most buzzworthy topics by featuring in-depth conversations with industry experts. Here are some of the discussion themes:

  • AI
  • Blockchain
  • Open Banking
  • API economy
  • Insurance
  • Payments
  • Regulation
  • Lending
  • The China opportunity
  • Digital transformation
  • Customer experience

And be sure to check out our full lineup of companies that will demo their newest technologies throughout the conference. On the Finovate blog, our Sneak Peek series will give you an advanced look at the innovations that will be shown on stage.

Generating Value from Bank, Insurance and Fintech Partnerships

During Finovate Fall, four stages provided the chance for more focused discussions around the banking and payments, digital lending and wealth management. Here, on the Emerging Technologies stage, a panel discusses the role of partnerships in generating value. Featuring:

  • George Anderson – CEO & Founder, Ninth Wave
  • Nathalie Dore – Chief Digital and Acceleration Officer, BNP Paribas Cardif
  • Matt Ribbens – SVP Enterprise Digital Strategy, BB&T
  • Dave Mooney – President and CEO, Alliant Credit Union
  • Travis Skelly – Senior Vice President, Venture Investing, Citi Ventures
  • Michael Roberts – Chief Marketing & Digital Strategy Officer, Bank of America Merchant Services

Finovate Alumni News

On Finovate.com

Around the web

  • iSignthis announces its Tier 1 JCB card acquiring service is now live in the EU/EEA.
  • CallVU to provide advanced biometric authentication technology to international credit card provider.
  • Jumio reports sales growth of 130% year over year for the first three quarters of 2018.
  • Capsilon teams up with Home Point Financial to streamline loan process.
  • The latest upgrade of SecureSafe features desktop encryption. In German.
  • NICE Actimize launches X-Sight, a financial crime risk management platform-as-a-service solution.
  • Alloy and Socure partner to automate digital identity verification and onboarding for financial institutions.
  • PayStand expands operations to Mexico, forms regional partnership with StartupGDL.
  • Tinkoff Bank adds 26 new currencies for its Black Card customers.
  • Identitii launches Overlay+ to enable Know Your Transaction. 
  • Jack Henry & Associates acquires BOLTS Technologies for its digital account opening solution.

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.

USAA Taps StreetShares for Small Business Lending

In an industry that too often pits banks against fintechs, it’s good to see the magic of fintech-bank partnerships alive and well. Living that magic is military veteran-focused small business lending platform StreetShares, which is piloting a collaboration with a similarly-focused financial institution, USAA.

Though the pilot is limited to six months, this is a pretty big deal for StreetShares. The four-year-old Virginia-based startup now has access to USAA’s member base of more than 8 million current and former members of the military and their families. Moreover, this is USAA’s first and so far only offering for business loans, a much-requested service.

“Members have been inquiring about business loans and business products from USAA for quite some time,” USAA’s Briana Hartzell explained in the bank’s blog. “So, to better serve member’s needs, USAA is pleased to announce the launch of a limited time pilot offering in collaboration with StreetShares Inc, a veteran-founded, run, and financed company.”

The pilot is open to creditworthy member-owned small businesses that have been in operation for at least one year and have at least $25,000 in annual revenue. Borrowers will have access to StreetShares’ Patriot Express Line of Credit and Term Loan of up to $250,000 with clear, transparent terms.

At FinovateEurope 2015, StreetShares CEO and Co-founder Mark Rockefeller and COO and Co-founder Mickey Konson showcased the StreetShares platform. The company began leveraging Title IV (Regulation A+) of the JOBS act in 2017 to allow unaccredited investors to lend to small businesses. It is now one of only a handful of P2P lending platforms open to unaccredited investors. The company started the year by landing $26 million in funding and earlier this fall relocated to a larger office to accommodate growth. StreetShares now has 47 employees, including 10 veterans.