FinovateFall 2022 Sneak Peek: FinGoal

By Madeline Clines Posted on
Categories: FinGoal, FinovateFall 2022, FinovateFall 2022 Sneak Peek

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

FinGoal’s insights platform sits atop digital banking and personal financial data. Their new Aggregator Switch Kit allows fintech developers to switch data aggregators in minutes.

Features

Coverage: The best, most enriched and open data in the industry. Access: Data is shared easily across a company's ecosystem. Cost: Better cost structures for aggregation, enrichment and account verification.

Why it's great

Fintech developers should not be hostage to their aggregation provider.

Presenters

Ariam Sium, VP of Product
Sium leads Product at FinGoal and uses the tenets of focus and value to govern each product decision made in the rapidly adapting world of fintech.
LinkedIn

Jenn Underwood, Product Analyst
Underwood brings an expertise in personal finance to FinGoal's product development. Her passion for equitable financial services and value-based savings greatly enriches…

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FinovateFall 2022 Sneak Peek: Finalytics.ai

By Madeline Clines Posted on
Categories: Finalytics.ai, FinovateFall 2022, FinovateFall 2022 Sneak Peek

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Finalytics.ai uses the power of big data and machine learning to help clients go beyond personalization and provide customers and members with a market of one digital experience.

Features

Create a dynamic, visitor-centric, digital platform ideal for online conversions Create a positive digital experience & user journey Implement an AI-enhanced CX in eight weeks

Why it's great

The Finalytics.ai platform was designed specifically to leverage the relational aspect of the credit
union model, transforming the digital experience from “one size fits all" to a "segment-of-one."

Presenters

Craig McLaughlin, Co-Founder & CEO
Craig McLaughlin is the Founder & CEO of Silicon Valley-based Finalytics.ai, the first digital platform to apply real-time big data and machine learning to address individuals' financial needs.
LinkedIn

Thomas Novak, VP & Chief Digital Officer
…

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FinovateFall 2022 Sneak Peek: Deposits

By Madeline Clines Posted on
Categories: Deposits, FinovateFall 2022, FinovateFall 2022 Sneak Peek

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Deposits offers banks, brands, and communities an easy, low-code solution for financial experiences like payments, mobile apps, and lending — whether they can program or not.

Features

Use Deposits' bank office to set up a program easily Manage program and set up controls in one place Easily KYC customers

Why it's great

Deposits wants to demonstrate the future of finance and plug-n-play finance, plus reach lenders with no-coding experience and who have a community to serve.

Presenters

Joseph Akintolayo, CEO & Founder
Joseph Akintolayo is actively shaping the future of technology by creating ethical products that solve complex problems in fintech, government and social enterprise.
LinkedIn

Samuel Ailemen, Director of Mobile and Identity
As a software engineer who loves research, Samuel Aileman solves real-world problems using new technologies.
…

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FinovateFall 2022 Sneak Peek: AbleAI

By Madeline Clines Posted on
Categories: AbleAI, FinovateFall 2022, FinovateFall 2022 Sneak Peek

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Able collects information and processes it. Commercial lenders use Able to quickly collect details from borrowers, streamline the loan process, and book loans faster.

Features

Fewer resources per loan Faster processing times Better experience for everyone

Why it's great

Able uses AI to streamline commercial loan processing.

Presenter

Diego Represas, Founder
Diego Represas is the Co-Founder and Head of Able. Before founding Able, Represas led the development of AI products at Digit, a popular mobile app used by millions of consumers to automate saving.
LinkedIn

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Truist Wealth Launches New RoboAdvisor, Truist Invest

By David Penn Posted on
Categories: Daily news

Truist Wealth unveiled a pair of new investment solutions this week: a roboadvisor Truist Invest and a hybrid investment platform Truist Invest Pro. Truist Invest provides a personalized investment portfolio based on the user's goals, risk tolerance, and current investments. Truist Invest Pro adds access to a team of financial advisors. Truist Wealth is a division of Truist Financial Corporation, a top ten U.S. with $545 billion in total assets.

Truist Wealth, a division of Truist Financial Corporation, announced the launch of two new investment solutions this week: roboadvisor Truist Invest and hybrid investment platform Truist Invest Pro, which blends automated investing with access to human financial advisors.

Both solutions were developed by a cross-functional team of designers, engineers, innovators, and product managers who co-created the new offerings in client journey rooms at the Truist Innovation and Technology Center. A combination of agile work strategies, direct client…

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Finovate Global Hong Kong: Chekk Brings Digital Identity Tech to Bain Capital – and Raises Capital of its Own

By David Penn Posted on
Categories: Alumni News, Alumni profile, Chekk, Funding

It's been nearly five years since Hong Kong-based Chekk made its Finovate debut at FinovateAsia. The company, co-founded by CEO Pascal Nizri, is a B2B2C digital identity ecosystem that shifts ownership of personal data from businesses to individuals as part of its strategy to provide better, more seamless identity verification services.

"We all know how reluctant Internet users have become to share personal data online," Chekk co-founder and Chief Operating Officer Benjamin Petit said from the Finovate stage during his company's demo. "On the other side regulators are forcing banks and financial service providers to collect an increasing amount of data for compliance reasons. And this done during lengthy and painful KYCs that are costly for banks."

Via a mobile app, Chekk empowers individuals to own their own personal data and control how much of their data they share. At the same time, businesses get access to a secure online…

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Finastra Integrates FormFree into Mortgagebot Solution

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

Finastra is partnering with FormFree, a SaaS company that helps lenders assess consumers' ability to pay. Finastra will integrate FormFree's AccountChek into its Mortgagebot solution to help lenders make faster underwriting decisions. Mortgagebot was among the first companies to demo at a Finovate event, having won Best of Show at FinovateFall 2007.

With unpredictable housing markets and interest rates, banking software company Finastra is stepping in to remove a bit of the sting from the process of purchasing a new home. The company is partnering with FormFree, a SaaS company that helps banks assess consumers' ability to pay (ATP).

Under the partnership, Finastra will leverage FormFree's AccountChek, a data verification service that bundles asset, income, and employment verification to help lenders make better-informed decisions. Finastra will integrate AccountChek into its Mortgagebot solution to help lenders make faster loan decisions while mitigating risk.

"FormFree provided us with the perfect solution…

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Meniga Appoints New CEO

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

Meniga has appointed Simon Shorthose as its new CEO. Shorthose will be replacing Meniga Co-founder Georg Ludviksson, who served as CEO for 14 years. Shorthose has previously worked at fintech SaaS companies Kyriba and Mambu.

Digital banking company Meniga announced a change in leadership today. The Iceland-based company has appointed Simon Shorthose as its new CEO.

Shorthose comes to Meniga having previously worked at fintech SaaS companies Kyriba and Mambu, where he served as Executive Leader and Head of Global Sales, respectively. He has also been on the management team of two unicorn tech companies.

“It is a huge privilege to lead Meniga, and I am very excited about taking on the challenge of helping major banks build greater digital engagement and insights and financial coaching with their customers and helping drive enhanced targeted marketing," said Shorthose. "Looking forward to the future, I remain focused on delivering the best…

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FinovateFall 2022 Sneak Peek: Tax Status

By Madeline Clines Posted on
Categories: FinovateFall 2022, FinovateFall 2022 Sneak Peek, Tax Status

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

Tax Status is the only fully-automated IRS account monitoring solution that provides continuous access to all official IRS financial data for real-time verifications.

Features

Provides continuous, real-time access to IRS data Validates income, reduces fraud, and lowers risk Integrates via API or a secure web portal

Why it's great

With Tax Status, businesses will see what the IRS sees, have access to all official tax records and know where their customers stand financially in real-time.

Presenter

Charles Almond, Founder & CEO
Charles Almond, founder of Tax Status, has been developing high-performance banking and loan origination systems since 1997.
LinkedIn

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Six Tech Startups You Need to Know: Meet FinovateFall’s Sustainability Scholarship Winners

By David Penn Posted on
Categories: Alumni News, FinovateFall 2022

Earlier this year, we unveiled our Sustainability Scholarship Program for demoing companies. Our new initiative supports startups that are embracing environmental sustainability, social equity, and responsible governance (ESG).

With FinovateFall just weeks away, we are excited to share the names of the six demoing companies to win Sustainability Scholarships for our upcoming autumn event, September 12 through 14, in New York.

Remember that early-bird savings for FinovateFall end after September 2nd. Register today and save your seat!

Daizy - Winner of the Sustainability category

Headquartered in the U.K and founded in 2019, Daizy helps users become more conscious investors with an AI that gives them the data-driven stories behind America's biggest companies.

Deborah Yang is co-founder and CEO. Follow Daizy on Twitter. Connect on LinkedIn.

Debbie - Winner of the Female Founded/Owned category

Based in Miami, Florida and founded in 2021, Debbie is the Noom for debt loss.…

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Two from Down Under: Hello Clever Raises Seed Funding; Heritage Bank Launches International Payments Solution

By David Penn Posted on
Categories: Daily news, Funding

Australia's Heritage Bank teamed up with Convera to launch its new online international payments solution. Convera was formerly known as Western Union Business Solutions (WUBS) and was acquired for $910 million in 2021 and subsequently established as a standalone company. Hello Clever raised $3.1 million (A$4.5 million) in seed funding in a round led by Vectr Fintech Partners. The company enables shoppers to get real-time cash back from participating merchants.

A pair of fintech headlines out of Australia have caught our eye at mid-week. First up, Heritage Bank, a financial institution based in Queensland and serving customers across the country, announced the launch of its new online international payments offering, courtesy of a partnership with Convera. The new service will enable Heritage Bank customers to send and receive money to locations around the world directly from their online and mobile bank accounts. The service will be available…

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FinovateFall 2022 Sneak Peek: MinervaAI

By Madeline Clines Posted on
Categories: FinovateFall 2022, FinovateFall 2022 Sneak Peek, MinervaAI

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

MinervaAI is a simple, integrated AI-driven AML platform delivering effective and affordable Sanctions & Watchlist screening, KYC, KYB, enhanced due diligence and Adverse Media insights in seconds.

Features

A single, simple platform for AML Compliance Assemble, analyze and assess in seconds for better risk decisions, faster Zero-day implementation UI or API

Why it's great

Compliance is mandatory, but it doesn't have to be complicated. MinervaAI's simple, integrated AML solution delivers effective Sanctions, KYC, KYB, Adverse Media and enhanced due diligence in seconds.

Presenter

Jennifer Arnold, Co-Founder & CEO
Arnold has made it her mission to demystify AML Compliance. With extensive experience in anti-money laundering transformation, she is well acquainted with the challenges MinervaAI's customers face.
LinkedIn

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