FinovateFall 2022 Sneak Peek: Turnpool

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

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

Turnpool is an on-chain marketplace for commercial debt on crypto rails. The product enables borrowers to raise debt efficiently, compliantly, and securely, giving lenders opportunities to earn yield.

Features

Borrowers tap into a revolving line of credit Crypto investors get stable yield that is uncorrelated with crypto markets

Why it's great

The goal is to bridge the world of DeFi with real-world assets. Breaking down the barriers of entry, driving adoption, and driving more inclusive capital-efficient access to financing.

Presenters

Jwalin Joshi, Engineer
Joshi is a graduate of UC Berkeley and is interested in the applications of financial technology. He has served as one of the lead engineers and architects of Turnpool's debt marketplace.
LinkedIn

Mary Gooneratne, Co-Founder
Mary Gooneratne, Co-Founder of Turnpool, previously co-founded and sold a…

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FinovateFall 2022 Sneak Peek: Uplinq Financial Technologies

By Madeline Clines Posted on
Categories: FinovateFall 2022, FinovateFall 2022 Sneak Peek, Uplinq Financial Technologies

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

Uplinq delivers the first global credit assessment platform for small business lenders by leveraging billions of statistically validated data sets.

Features

Includes 10,000+ direct connections into SMB data sources in 150+ countries Contains billions of regulatory compliant alternative data sets Serves as a significant extension of existing credit bureau services

Why it's great

Uplinq acquired a mature product that had been in market for 15 years and had served as a foundational component to $1.4 Trillion+ in loan originations and repurposed it into a modern day fintech.

Presenters

Ron Benegbi, Founder & CEO
Benegbi is a serial entrepreneur and the Founder & CEO at Uplinq. Uplinq is Benegbi's fifth startup. He’s a four-time tech founder and had two successful global exits and one flop, too.
LinkedIn

Patrick Reily,…

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Some Do’s and Don’ts of Leveraging Emerging Technologies in Fintech

By Julie Muhn (@julieschicktanz) Posted on
Categories: Speaker series

Having worked in the fintech industry for four years, Kristiane Mandraki has developed a passion for emerging technology and has seen ebbs and flows of success and failure in the industry. Mandraki is currently the Director of Business Development and Marketing at Praxent, a 22-year old fintech experience design and development firm that helps financial companies succeed in their digital transformation efforts.

We recently spoke with Mandraki on some of the best practices in customer experience, digital transformation, and Web 3; as well as top trends she's anticipating in the next year.

When it comes to customer experience, what are some of the top mistakes you've seen banks and fintechs make, and how can they avoid them?

Kristiane Mandraki: Banks and fintechs often make the mistake of trying to be all things for all people, which only leads to exhaustive mediocrity. Instead, it’s critical to pick a focus, your…

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Linqto Breaks into DeFi with Trustline Acquisition

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

Linqto has acquired Trustline, a platform that offers decentralized financial services. "We acquired Trustline for its advanced blockchain technology and IP including $200,000 worth of XRP grants issued from the XRPL Grants Program," said Linqto Founder and CEO Bill Sarris. Linqto plans to leverage Trustline to continue developing its decentralized exchange for private market securities.

Private investing firm Linqto has solidified its interest in the blockchain this week with the acquisition of Trustline, a platform that offers decentralized financial services. Financial terms of the deal were not disclosed.

Trustline leverages the XRP Ledger to offer payments, trading, and lending to accredited investors. Because Trustline run on XRP, it is able to offer its financial services in a more efficient and cost-effective manner than traditional firms.

"We acquired Trustline for its advanced blockchain technology and IP including $200,000 worth of XRP grants issued from the XRPL Grants Program," said Linqto Founder and CEO Bill Sarris. "Trustline…

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FinovateFall 2022 Sneak Peek: Ocrolus

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

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

Ocrolus is a document automation platform that powers the digital lending ecosystem. They are debuting Detect, a powerful and innovative solution offering lenders superior fraud detection.

Features

Catch more instances of fraud and reduce your risk Utilize detailed fraud signals and descriptions to power underwriting decisions Reduce manual application review

Why it's great

Detect will uncover what fraudsters want to stay hidden with the ability to view received and recovered documents side-by-side, highlighting altered content.

Presenters

David Snitkof, VP of Product, Analytics
David Snitkof is a technology entrepreneur and data/analytics leader with a successful track record of developing analytical systems, teams, and businesses from the ground up.
LinkedIn

Mindy Robins, Product Marketing Manager
Mindy Robins is a Product Marketing Manager at Ocrolus with extensive experience managing new product…

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FinovateFall 2022 Sneak Peek: Linqto

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

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

Linqto makes investing in private companies accessible, affordable and efficient. Wealth managers can diversify client portfolios with investments in unicorns.

Features

Simple to use interface on web and mobile app $5K and $10K minimum investment sizes Get liquidity by selling shares on the platform

Why it's great

Linqto offers the same benefits of public markets – immediate access and settlement of private equity shares at affordable prices with the ability to get liquidity for shares purchased at any time.

Presenter

Patty Brewer, Chief Product Officer
Industry veteran with over 25 years experience in strategic product management with fintech companies like Digital Insight, Intuit, and Nav. Passionate about customer driven and iterative innovation.
LinkedIn

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FinovateFall 2022 Sneak Peek: ID R&D

By Madeline Clines Posted on
Categories: FinovateFall 2022, FinovateFall 2022 Sneak Peek, ID R&D

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

ID R&D's IDLive Doc is the first product dedicated to protecting digital onboarding from document spoof attacks, where fraudsters present an image of an ID on a screen instead of one in their possession.

Features

Detects a variety of attacks, including screen replay Needs only a single image; frictionless for the user Works across all types of global identity documents

Why it's great

Document spoofs are likely causing more fraud than companies realize. Businesses can help prevent these types of attacks with the first-ever product specifically designed for this purpose from leaders in liveness.

Presenter

Alexey Khitrov, CEO
Khitrov has over 20 years of C-level experience at biometrics and financial services. In 2016, he launched ID R&D with a focus on developing innovative, best-in-class biometrics and liveness.
LinkedIn

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FinovateFall 2022 Sneak Peek: Stratyfy

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

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

Stratyfy's UnBias allows financial institutions and fintechs to uncover, understand, and undo bias in complex financial decisions that impact the lives of millions.

Features

Proprietary next generation transparent ML Detailed reports with actionable recommendations Results in as little as two weeks

Why it's great

Addressing bias proactively means less risk, more diverse customers, and increased returns.

Presenter

Laura Kornhauser, CEO & Co-Founder
Laura Kornhauser is the Co-Founder/CEO of Stratyfy. Previously, Kornhauser spent 12 years at JPMorgan, building and delivering risk and credit products. She has a BSE from Princeton & an MBA from Columbia.
LinkedIn

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FinovateFall 2022 Sneak Peek: NYDIG

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

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

NYDIG delivers Bitcoin products across industries, from banking and insurance to fintech and nonprofits. NYDIG fuses stringent regulatory standards with ironclad technology to make Bitcoin universal.

Features

NYDIG's Bitcoin Savings Plan:

Integrates directly with a company’s payroll services Allows an employee to seamlessly convert a portion of their paycheck to bitcoin Offers new cutting-edge benefits

Why it's great

For the BSP, there is little direct competition in the space. NYDIG's value proposition is that employees are offered an easy-to-use way to buy, sell, and hold bitcoin without having to pay high fees.

Presenter

Rahm McDaniel, Head of Banking Solutions
Rahm McDaniel is Head of Banking Solutions with NYDIG, partnering with banks and credit unions to serve their communities with innovative digital asset services, such as Bitcoin trading. Prior…

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Meet The Masters: A Peek at the Top Keynotes for FinovateFall 2022

By David Penn Posted on
Categories: FinovateFall 2022

With a little over a month to go before FinovateFall 2022 in New York City, our agenda for the autumn event is still being finalized. But there are a few highlights we can share with you this week to further whet your appetite for the fintech feast to come on September 12 through September 14. Today we'll take a look at the mastermind keynote speakers we have scheduled for FinovateFall, each of whom was selected for their unique understanding of what's driving innovation in financial technology today.

Day One will feature a Mastermind Keynote from Chris Cox, Chief Operating Officer of Apiture. Titled "Closing the Data Intelligence Gap", Cox's address will look at ways that financial institutions can better process and analyze available data while simultaneously (1) helping their businesses, (2) supporting their customers, and (3) maintaining regulatory compliance. Cox will examine ways that banks and credit unions can close…

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Western Union Expands Partnership with Visa

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

Western Union is bolstering its partnership with Visa by expanding its integration with Visa Direct. Visa Direct is Visa's real-time money movement network. The expansion will bring Visa Direct to Western Union's U.S. clients, enabling them to send money in near-real-time to Visa debit cards in Colombia, El Salvador, Jamaica, Romania, and Thailand.

Money transfer firm Western Union is building on its partnership with Visa this week. The Colorado-based company is expanding its integration with Visa Direct, Visa’s real-time money movement network.

Under the agreement, the pair will bring Visa Direct to Western Union's U.S. clients, enabling them to send money in near-real-time to Visa debit cards in Colombia, El Salvador, Jamaica, Romania, and Thailand. Western Union and Visa first teamed up in 2019 to enable Western Union customers in more than 20 countries across Europe to send and/or receive funds directly to Visa debit card holders.

"Western Union and…

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Jack Henry Acquires Payrailz for an Undisclosed Amount

By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Alumni profile, Jack Henry, Mergers & Acquisitions

Jack Henry Acquired payments-as-a-service startup Payrailz. Jack Henry anticipates the acquisition will enhance its payments-as-a-service strategy and offer its 8,000 clients the ability to enable embedded finance. Financial details were not disclosed.

Core banking provider Jack Henry & Associates has agreed to acquire digital payments startup Payrailz. Financial details of the acquisition, which is expected to close at the end of this month, have not been disclosed.

Jack Henry anticipates the acquisition will support banks and credit unions by enhancing its payments-as-a-service (PaaS) strategy and offering its 8,000 clients the ability to enable embedded finance. Jack Henry currently has a virtual payments hub that consolidates money transfer tools which support numerous payment channels and types. Payrailz's technology complements this hub by adding consumer and commercial bill pay; real-time person-to-person (P2P), account-to-account (A2A), business-to-customer (B2C) payments; and more.

"We are excited about the opportunity to add these next-generation solutions to our payments…

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