Currencycloud and Future FinTech Labs Team Up to Launch Remittance App Tempo

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

Currencycloud teamed up with Future FinTech Labs (FTFT Labs) to help the New York City-based fintech launch its Tempo app. Tempo is designed to make it easier, more secure and more effective for U.S. immigrants to send money overseas. Acquired by Visa in 2021, Currencycloud has processed more than $100 billion in cross-border money transfers since inception in 2012.

Global payments solutions and infrastructure company Currencycloud has partnered with Future FinTech Labs (FTFT Labs) to help the NYC-based fintech launch a new remittance solution for U.S.-based immigrants. The new offering, an app called Tempo, will help immigrants living in the U.S. send money securely to North America, Italy, Spain, France, Germany, the United Kingdom, India, and the Philippines.

Tempo will gives FTFT Labs customers access to a multi-currency wallet that makes sending money internationally easier and more cost-effective compared to other high-fee remittance services. Tempo app users will be…

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Finovate Global Latin America: Geopagos Raises $35 Million; Paystand Acquires Mexico’s Yaydoo

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

Active in 15 countries in Latin America, payments infrastructure provider Geopagos has secured an investment of $35 million. The equity funding round was led by Riverwood Capital and featured participation from Endeavor Catalyst. The sum represents the company's first institutional financing and will be used to fuel the development of new embedded payments solutions and help the firm expand throughout Latin America.

Geopagos provides financial institutions, fintechs, retailers, software companies and other organizations with end-to-end digital solutions to help them launch or grow their payment acceptance businesses in the area. These solutions include terminals that enable mobile phones to operate as point of sale devices as well as technology that turns websites into e-commerce platforms.

With clients including Santander, BBVA, Banco Estado de Chile, and Finovate alum Fiserv, Geopagos processes more than 150 million transactions and more than $5 billion in volume a year. The Buenos Aires-based company was…

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More from the Masters: A Sneak Peek at FinovateFall’s Top Keynote Speakers

By David Penn Posted on
Categories: FinovateFall 2022, Speaker series

Earlier this month we highlighted a handful of the Mastermind Keynotes scheduled for FinovateFall 2022 in New York, September 12 through 14.

This week, we take a look at more of the fintech entrepreneurs, analysts, and experts who will share their knowledge and insights into the fintech industry at FinovateFall next month.

Day One will feature Joe Lichtenberg, Global Head of Product and Industry Marketing for Intersystems, with his Mastermind Keynote address: How Next Generation Architectures Empower Financial Services Firms with Trusted Business Insights. Lichtenberg's morning presentation will introduce a new architectural approach that is providing business decision makers with a consolidated, accurate, and real-time view of their business.

Personetics President of the Americas Jody Bhagat will deliver a Mastermind Keynote: How Mid-Market Banks Can Find Their Sweet Spot with Digital Plus Human Interactions in the afternoon of Day One. Bhagat will discuss how mid-market banks can evolve…

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Alliant Credit Union Selects Upstart for Lending-as-a-Service

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

Alliant Credit Union announced a partnership with lending-as-a-service fintech Upstart. The agreement will make Alliant part of the Upstart Referral Network. Upstart SVP of Lending Partnerships Michael Lock said the move will help Alliant "grow its membership while providing greater access to affordable credit."

Alliant Credit Union announced it has selected Upstart to help it offer customers personalized loans.

Alliant Credit Union first partnered with Upstart in May 2022. With today's announcement, Alliant becomes part of the Upstart Referral Network. Under this agreement, Upstart offers qualified loan applicants tailored loan offers in around five minutes. When the applicant decides to pursue the loan opportunity, Upstart transitions the client from its own user interface to an Alliant-branded experience, where they finish the online member application and close the loan.

"As part of the Upstart Referral Network, Alliant will be able to grow its membership while providing greater access to…

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Teslar Software to Streamline and Automate Lending for Missouri-Based The Seymour Bank

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

Teslar Software announced a partnership with Missouri-based community bank, The Seymour Bank. Courtesy of the deal, The Seymour Bank will use Teslar's lending process automation platform to modernize and streamline its commercial lending business. Teslar Software made its Finovate debut at FinovateSpring 2015 in San Francisco.

The Seymour Bank, a Missouri-based financial institution with more than $137 million in assets, has selected Teslar Software to enhance its commercial lending strategy. The bank will use Teslar's lending process automation platform to reduce reliance on manual processes and boost efficiencies..

"With Teslar, we will become more accessible to our customers, delivering a portal that allows them to easily and quickly monitor the status of their loans and securely communicate with us," The Seymour Bank vice president Heather Johns said. "Plus, Teslar's automated workflows will save time for our employees, resulting in a better, more efficient experience."

In addition to the digital…

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FinovateFall 2022 Sneak Peek: Instnt

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

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

Instnt's fully-managed Customer Acceptance Platform helps businesses sign up and accept 50% more good customers with zero fraud loss for good, with continuous, portable identity assurance.

Features

One-click frictionless customer acceptance Day 0 to Day N continuous identity assurance Decentralized, reusable KYC verification

Why it's great

Instnt provides frictionless customer acceptance experiences without compromising on security, risk and compliance.

Presenters

Sunil Madhu, CEO
Madhu is a serial entrepreneur operating in Security, Risk & Compliance for over 30 years. Recently, he founded and was the CEO of Socure.
LinkedIn

Justin Kamerman, CPO
Kamerman has over 20 years of experience designing and building high performance distributed systems in the telecommunications, IPTV, identity verification, social media analytics, and IIoT industries.
LinkedIn

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FinovateFall 2022 Sneak Peek: Illuma

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

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

Illuma Shield Voice Authentication is integrated with Posh Technologies’ Conversational AI IVR for deployment in the contact center.

Features

Frictionless account access without pins/passcodes/passphrases 24/7 customer service with a user friendly, conversational IVR Better security with biometric voice authentication

Why it's great

The Illuma Shield Voice Authentication + Posh Conversational IVR integration improves operational efficiency, security, and customer experience for community banks and credit unions.

Presenters

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

Karan Kashyap, CEO & Co-Founder, Posh
Posh is a conversational AI fintech working with FIs. Kashyap is an alumni of MIT’s Artificial Intelligence Lab.
LinkedIn

Chad Rogers, EVP & COO, Connexus Credit Union
At Connexus…

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FinovateFall 2022 Sneak Peek: EqualFuture

By Madeline Clines Posted on
Categories: EqualFuture, 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.

EqualFuture's Super App reimagines financial wellness through a simplified, integrated way to empower people to plan, simulate, and make smarter decisions.

Features

Includes “Someone Like Me” features that help users create their profiles Supports goal/scenario-based financial decisions through interactive, gamified tools Uses cashflow modeling to stay on track

Presenter

Joyce Phillips, CEO & Founder
Joyce Phillips is an awarded leader, innovator, and marketer. Phillips brings significant global financial expertise, previously holding executive leadership roles with iconic corporate brands.
LinkedIn

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FinovateFall 2022 Sneak Peek: Debbie

By Madeline Clines Posted on
Categories: Debbie, 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.

Debbie is the Noom for debt loss, utilizing behavioral psychology and rewards to motivate and incentivize people to crush their debt, for good.

Features

Utilizes behavioral psychology through a guided debt loss program to help users unwind habits Provides time trended credit data to pre-qualify users for refi Offers users micro-rewards for improved behavior

Why it's great

Debbie users pay down on average $450/month of debt, while setting aside savings of $100/month consistently. For folks in $5k-$10k of debt who are making $50k/year, this is significant.

Presenters

Frida Leibowitz, CEO
Ex-Credit Risk at Marcus by Goldman. Immigrant, first-gen student from a single parent home. Passionate about financial security because she's experienced crushing debt while attending NYU.
LinkedIn

Rachel Lauren, COO
Former VC at BDMI and software equity research…

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FinovateFall 2022 Sneak Peek: SESAMm

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

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

SESAMm specializes in big data and AI. At FinovateFall, the company is demoing its ESG Monitoring and Alerting product that detects controversies and positive impact events on web data.

Features

ESG controversies and SDGs positive impact topics identification on 5+ million companies Event monitoring on private and public companies Delivery methods: Daily emails, cloud and CRM integration, among others

Why it's great

SESAMm's ESG and SDG Alerts leverage AI to give firms the ability to monitor millions of public and private companies worldwide, providing more objective indicators.

Presenter

Sylvain Forté, CEO
Sylvain Forté, CEO and Co-Founder of SESAMm, created the company in 2014 based on his passion for artificial intelligence and finance after receiving a double degree in engineering.
LinkedIn

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Building Financial Inclusion: Elizabeth McCluskey, Director of the Discovery Fund at CMFG Ventures

By David Penn Posted on
Categories: Diversity in Fintech, Interview, Speaker series, Women in Fintech

What is venture capital doing to help promote fintech innovators who come from underrepresented groups and communities?

We caught up with Elizabeth McCluskey, Director of The Discovery Fund at CMFG Ventures, to talk about her work in supporting underrepresented entrepreneurs that are building solutions to drive financial inclusion.

We discussed her own extensive experience in financial services, working in both investment banking and wealth management before moving to venture capital. We also learned why she believes it is important to invest in female founders and founders from communities that are underserved by traditional financial institutions.

Why did you decide to transition from investment banking and wealth management to venture capital? What do you enjoy about working at a venture capital firm?

Elizabeth McCluskey: Investment banking is transactional. I enjoyed being part of transformational deals for companies but missed being there for the long-term impact. When I pivoted to wealth management,…

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