FinovateFall Sneak Peek: PasswordPing

FinovateFall Sneak Peek: PasswordPing

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

PasswordPing helps organizations prevent attacks from compromised credentials by checking each login against billions of previously exposed username and password combinations that are on the dark web.

Features
PasswordPing’s compromised credential screening draws from a cloud database of billions of exposed login credentials, which enables our customers to screen employees and customer logins.

Why it’s great
Passwords are the weakest link in cybersecurity and customers rarely know that their credentials have been exposed. Screening for compromised credentials is an easy and safe way to protect them.

Presenters

Michael Wilson, Founder and CTO
Wilson has spent 20+ years in technology roles with an emphasis on security at organizations like Webroot, LogicNow, NASA, and a few other software companies.
LinkedIn

FinovateFall Sneak Peek: Prisma Campaigns

FinovateFall Sneak Peek: Prisma Campaigns

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Prisma Campaigns is a marketing automation tool designed for banks that uses machine learning. The demonstration will show how to use it for a 100% digital onboarding experience.

Features

  • Close the gap between marketing and sales by letting the FIs administer everything from a central place
  • Define and deploy required conversion processes with a super-fast time to market

Why it’s great
With Prisma, FIs can effectively and quickly leverage machine learning to build a digital account opening process with customized offers from a central location.

Presenters

Felipe Gil, CEO, Prisma Campaigns
Gil is an executive with 10+ years in payments, ecommerce, and banking. He is focused on innovation and new technologies for financial institutions.
LinkedIn

 

Ana Ines Echavarren, CEO, Infocorp
Echavarren has a solid international background in the development and commercialization of software for the financial sector. She is focused on digital banking transformation.
LinkedIn

 

FinovateFall Sneak Peek: FI.SPAN

FinovateFall Sneak Peek: FI.SPAN

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

FI.SPAN enables banks to provide bank-branded ERP connectors and adapters to their most valuable commercial clients.

Features

  • Opens up the business banking channel of the future
  • Makes banking transactions automated and auditable
  • Manages permissions explicitly and securely

Why it’s great
APIs mean business.

Presenters

Lisa Shields, CEO and Founder
Shields is the founder and Chief Executive Officer at FI.SPAN, where she leads the company with a dual emphasis on people and product. She is an engineer by trade and an entrepreneur at heart.
LinkedIn

 

Clayton Weir, Co-Founder, Chief Strategy Officer
Weir is the co-founder and Chief Strategy Officer at FI.SPAN, leading product strategy, partnerships with ERPs, and marketing.
LinkedIn

FinovateFall Sneak Peek: Ak Bars Digital Technologies

FinovateFall Sneak Peek: Ak Bars Digital Technologies

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Ak Bars Digital Technologies provides a payments video validation SDK for financial institutions and fintechs to upgrade their level of customer experience.

Features

  • New way to interact with clients
  • Plug & play technology
  • Inexpensive solution

Why it’s great
Ak Bars Digital Technologies’ solution helps FIs develop an unhindered payment environment.

Presenters

Ilya Velder, MBA, Head of Strategy, Managing Director
Velder has more than 10 years of experience in banking (strategy, digital, project financing, direct debt, investments). He is also a lecturer at Innopoilis University in Kazan.
LinkedIn

 

Damir Galiev, MBA, Business Development
Galiev has more than six years in banking experience (digital, business discovery, investments).
LinkedIn

 

 

 

Yaroslav Shuvaev, Head of R&D
Shuvaev has more than 10 years of experience in digital business (product design, UX/UI, AI, fintech). He is also a lecturer at British Higher School Art and Design in Moscow.
LinkedIn

FinovateFall Sneak Peek: Spreedly

FinovateFall Sneak Peek: Spreedly

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

Spreedly gives you one connection to more transactions. With the Spreedly payments infrastructure, you can use tokenized card data to transact with virtually any payment API or gateway worldwide.

Features

  • Connect payment systems to partners to scale scope of offer
  • Process transactions even when multiple merchants are involved
  • Build innovative payments solutions on a powerful, complete infrastructure

Why it’s great
Spreedly’s PCI-compliant payments infrastructure helps teams build innovative payment solutions that support their unique, growing, and global businesses.

Presenters

Justin Benson, CEO
Benson has helped drive Spreedly’s dramatic growth via a successful pivot, fundraising, and evolution of the company’s go-to-market strategy. He has a strong sales and technical background.
LinkedIn

 

Daniel Wideman, VP of Product
Wideman has two decades of experience in high-tech as a manager and business executive specializing in product strategy, product management, software development, strategic partnerships, and business development for startup and high growth companies.
LinkedIn

Finovate Heads East this Fall

Finovate Heads East this Fall

For the first time, Finovate heads east for three events this fall. Each event features a unique agenda focusing on regional financial services trends and technology, plus insights and analysis of fintech on a global scale.

With FinovateFall less than a month away, the complete roster of 80+ demoing organizations, including stealth companies, is now available online. With the amount of interest in AI right now, you can expect to see many products and services focusing on chatbots, virtual agents, and business intelligence on stage. 

The FinovateAsia demo lineup has recently grown to include two stealth companies and other exciting additions. See a preview of their efforts here.

Additional demoers and speakers will be announced throughout September. In the meantime, check out key speakers from Alipay, WeLab, ANZ, Startupbootcamp and more.

This week we’re also happy to announce the first wave of demoers for the launch of FinovateAfrica. From insurance coverage for crops using satellite imagery to a move for open banking, these companies illustrate the unique fintech emerging from Africa to address equally unique needs.

More information on these fall events and how to get involved is available at Finovate.com.

Diebold Nixdorf Receives $650 Million Capital Commitment

Diebold Nixdorf Receives $650 Million Capital Commitment

Financial services, software, and hardware provider Diebold Nixdorf secured a commitment of $650 million in capital this week. The loan is coming from two unidentified, institutional lenders and repayment is due in August 2022.

The Ohio-based company will use the loan to acquire remaining shares of Diebold Nixdorf, repay debt, and fund its DN Now operational improvement plan. The loan is expected to be completed within the coming days.

Bloomberg reported earlier this month that the company may be experiencing a “potential liquidity crisis” and that “Diebold is trying to negotiate easier terms with its lenders, the second change in four months, to allow for greater leverage in its debt covenants.”

Diebold Nixdorf demoed on the Finovate stage alongside Zenmonics at FinovateFall 2014, showcasing an in-lobby terminal. Founded in 1859, the company is partnered with almost all of the world’s top 100 banks and most of the top 25 global retailers. Diebold Nixdorf’s employees help bring solutions to more than 130 countries.

A Framework for Your 2019 Fintech Strategy

A Framework for Your 2019 Fintech Strategy

FinovateFall is going beyond the demos again this year to bring you more content. In addition to two days of live demos from 80 fintech companies, we’ll have an extra discussion day to help you break down and digest some of the new technologies. You’ll also have a chance to present your own thoughts and questions to fintech thought leaders.

The discussion day will take place on September 26, following two days of demos on September 24 and 25, at the Marriott Marquis Times Square in New York. These are the conversations that will shape your bank’s 2019 strategy, so be sure to register.

Here is just a handful of topics we’ll cover:

The future of payments

Payments have changed since the dawn of fintech. However, many old habits, such as writing checks and swiping magstripe credit cards, have not changed. Other ideas, such as mobile wallets and tap-to-pay technologies have struggled to gain ground. We’ll discuss these thoughts, as well as voice-driven payments, new technologies, and how millennials are determining the future of digital payments.

Digital transformation

Is digital transformation simply a buzzword or is it a requirement for success and survival in 2019? Digital Transformation involves a broad scope of banks’ operations and we’ll have a chance to hear the experts break down what it means to them and why they think it’s worth paying attention to.

Cybersecurity and risk management

In order to stay one step ahead of hackers, techniques in cybersecurity are constantly advancing by leveraging technologies such as AI and the blockchain. We’ll host a team of analysts, bankers, and hackers as they discuss the threats and opportunities in this space.

Voice banking

AI, natural language processing, conversational banking, and chatbots have bubbled to the top as some of the hottest new fintech trends this year. Voice has been called the next user interface and there’s been plenty of discussion on how consumers will usher in the new era of conversational banking. We’ll hear from banks, analysts, and successful startups on developments they’ve seen in this space and advice they have on where to invest for the future.

Blockchain uses and crypto exchanges

It wouldn’t be a fintech conference without a blockchain discussion– and for good reason. The enabling technology has opened up new possibilities for old banking ideas such as currency, payments, contracts, audit compliance, and more. If you’re feeling behind on leveraging blockchain opportunities, be sure to tune into one of these sessions. And don’t miss discussions on crypto exchanges– because the blockchain and cryptocurrencies are way more than just bitcoin.

Building partnerships

While we can’t settle the build vs. buy dilemma for you, we will offer up our thoughts on the importance of partnerships in banking and fintech. Most fintechs need banks to survive, and many banks thrive off the new ideas and capabilities that fintech companies open up for their institutions. These sessions will capture ideas on how to create a win-win partnership that focuses on utility and efficiency.

Data

From its role in alternative credit scoring technologies to the latest robo advisory tools, data has a place across the fintech sector. As evidenced by the title of our data session, Data as Oxygen, we think it’s a pretty important resource. We’ll hear from top-tier banks, startups, and other financial services companies as they discuss how they use data and where they see the data revolution headed next.

Financing

As a staple banking activity, lending will take one of the starring roles in our discussion day. While lending basics have remained the same, new enabling technologies have recently opened up new opportunities in the space. Artificial intelligence and machine learning have changed the way underwriters look at risk and credit scoring, while point of sale financing technologies have advanced far beyond layaway thanks to real-time risk analyses. These are just some of the topics that will be featured on the Digital Lending Stage at FinovateFall next month.


We’ll also feature highlights such as:

  • Analyst all-stars
  • Debates on the future of digital financial services
  • Accelerator showcase

And be sure to check out our loaded list of 80 demoing companies that will take the stage on September 24 and 25. On the Finovate blog, we’re highlighting select companies in our Sneak Peek series to give you an advanced look at what to expect on stage.

Finovate Alumni News

On Finovate.com

  • Diebold Nixdorf Receives $650 Million Capital Commitment.
  • Mint Brings User Interface into 2018.
  • A Framework for Your 2019 Fintech Strategy.

Around the web

  • Mitek announces departure of CEO Jim DeBello.
  • The SaaS Report recognizes bpm’online CEO and managing partner, Katherine Kostereva, as one of its Top 50 SaaS CEOs of 2018.
  • ACI Worldwide integrates with tax filing technology firm, SPAN Enterprises.
  • Modo teams up with Etihad Airways to build loyalty solution for airline industry.
  • Vera welcomes Carlos Delatorre as CEO.
  • Temenos launches Temenos Learning Community Engine.

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.

Mint Brings User Interface into 2018

Mint Brings User Interface into 2018

The last time I covered Mint was in 2014. And the company’s last press release was in 2016. So it was good to see an update from Mint today, even if that update is slightly underwhelming– an announcement of a refreshed user interface.

The Intuit-owned company has updated the design of its iOS app to offer a sleek design as well as a simplified view of important changes in users’ finances. Mint listened to user feedback and brought financial data to the foreground, requiring fewer clicks to find it.

Along with these changes, the company is also rolling out Mintsights, a new feature to help iOS users stay on top of their budget. The tool leverages users’ financial data to offer data-driven insights and money saving offers. Mintsights will be launched to iOS users in the next few months and the company reports that updates to its Android and web interfaces are coming soon.

Founded in 2006, Mint found early fintech success when it was acquired by Intuit in 2009. The company’s founder, Aaron Patzer, demoed the budgeting technology at the very first Finovate conference in 2007. While Mint has remained fairly quiet since its introduction of Mint Bills in December 2016, the company has stayed focused on the consumer-facing side of its business, publishing blog posts and adding investment, credit, insurance, and lending offers targeting millennials.

PromonTech Announces Integration with FormFree’s AccountChek

PromonTech Announces Integration with FormFree’s AccountChek

Mortgagetech innovator PromonTech will integrate its point of sale solution Borrower Wallet into AccountChek, the automated asset verification service run by FormFree. Demonstrated live at FinovateFall last year, Borrower Wallet is a shared workspace for mortgage applicants and loan officers that enables them to work collaboratively during the entire lending process. The solution provides a welcoming, digital environment for prospective borrowers, while enabling lenders to close more compliant loans faster by helping improve applicant data quality.

“PromonTech is committed to providing a trusted solution that educates applicants and improves process transparency while also reducing time, cost and risk for lenders,” company CTO Michael Kolbrener said, “Our integration with FormFree furthers both of these goals: it streamlines the borrower experience and delivers accurate asset information, directly from financial institutions.”

AccountCheck leverages augmented intelligence and more than 1,000 proprietary algorithms to provide digital verification of assets, income, and employment. The solution shortens time to close by up to 20 days and has processed more than a million orders for lenders since inception. The technology is also the first asset verification solution accepted by Fannie Mae’s Day 1 Certainty program. With this integration, Borrower Wallet customers will gain Day 1 Certainty in addition to streamlined asset verification and credit decisioning.

“FormFree was designed to streamline the loan origination process and reduce risk by providing better insight into borrowers’ ability to pay,” founder and CEO of FormFree Brent Chandler said in a statement. “Our integration with Borrower Wallet enables PromonTech to instantly complete three verifications – asset, income and employment – in one action that is simple for applicants and more efficient for lenders.”

Part of the Promontory MortgagePath family, PromonTech has had a busy 2018. In March, the company added a number of top executives, including a new chief compliance officer, chief operating officer, and chief product officer. Also this spring, Promontech announced a partnership with Corelogic, which integrated its Instant Merge Credit Reports into PromonTech’s Borrower Wallet.

A member of the HW Tech 100 for 2018 and winner of the Progress in Lending Association’s Innovations Award, PromonTech also partnered with ISGN in May to become the sole POS solution for the company’s MORVision Loan Origination System. Earlier this month, PromonTech’s Chief Business Architect, Susan Tobin, was recognized by HousingWire in its 2018 Women of Influence feature.

Finovate Alumni News

On Finovate.com

  • PromonTech Announces Integration with FormFree’s AccountChek.

Around the web

  • Bpm’online wins multiple honors from the CRM Magazine’s 2018 CRM Market Awards.
  • PayPal introduces streamlined, simpler mobile app.
  • Bank Info Security interviews ThetaRay EVP James Heinzman on the role of machine learning in fighting fraud.
  • CryptoGlobe profiles digital asset transfer startup, Crypterium. See the company demo its technology live at FinovateFall next month.
  • NICE inContact launches new embedded analytics and omnichannel social capabilities.
  • Intuit names Marianna Tessel its new CTO.

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.