PeoplesBank Partners with Gro Solutions to Enhance Mobile and Online Customer Experience

PeoplesBank Partners with Gro Solutions to Enhance Mobile and Online Customer Experience

Pennsylvania-based PeoplesBank will rely on the Digital Sales Platform from Gro Solutions to implement its new online banking strategy. The bank sees the fintech’s digital platform as key to helping it provide a streamlined and mobile onboarding experience, reduce application abandonment, and provide a better overall mobile and online experience for customers.

Putting speed and simplicity at the top of the bank’s list, Communications and Digital Marketing Specialist for PeoplesBank Heather Noll said, “We really like the fact that with Gro our clients can open an account online in under five minutes. We want to give our clients the best experience possible, and we’re excited to be able to provide that extra ease of use for them.”  PeoplesBank plans to make the new Gro services available later this year.

Gro Solutions CEO David Eads underscored both factors in his statement on the partnership. “Reaching today’s bank customers requires not only a fast, easier digital process, but also the ability to fine-tune the details of their product offerings and risk profile,” Eads said. “We welcome the opportunity to help PeoplesBank fulfill that need for its customers and look forward to collaborating with the bank to support its digital banking growth initiatives.”

PeoplesBank is a Codorus Valley Company and a wholly-owned subsidiary of Codorus Valley Bancorp Inc. the largest independent FI based in York County, Pennsylvania. Serving customers in South Central Pennsylvania and Central Maryland, PeoplesBank has more than $1.7 billion in assets and provides consumer, business, wealth management, and mortgage services.

Gro Solutions demonstrated an extension of its Gro Digital Sales Platform at FinovateFall 2017. More recently, the Atlanta, Georgia-based company, founded in 2015, announced a partnership with Congressional FCU ($900 million in assets) that will bring its Digital Sales Platform to the 47,000-member institution. Also this year, Gro Solutions teamed up with Michigan-area 4Front CU ($488 million in assets) to deploy its Gro Checkout solution. The company began the year with another Gro Checkout deployment, this time with $106 million Surety Bank based in Florida.

Finovate Alumni News

On Finovate.com

  • PeoplesBank Partners with Gro Solutions to Enhance Mobile and Online Experience.
  • Stash Teams with Green Dot to Become a Challenger Bank.

Around the web

  • Lending Club announces Bahman Koohestani as Chief Technology Officer.
  • Yahoo partners with PayPal to make Braintree available to online sellers using Yahoo Merchant Solutions and Yahoo Stores platforms.
  • Main Street Softworks adds support for Bluefin’s Decryptx PCI-validated P2PE Decryption-as-a-Service.
  • PYMNTS.com features a conversation with Entersekt Chief Commercial Officer Dewald Nolte.

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.

Mortgagetech Company Lender Price Receives Funding from Regions Bank

Mortgagetech Company Lender Price Receives Funding from Regions Bank

With housing markets across the country at an all-time high, banks are paying more attention to the mortgagetech space (and maybe you should, too). And, as evidenced in its new partnership with Lender Price, Regions Bank is no exception.

Along with the partnership agreement Lender Price inked with the $124 billion-asset bank, the California-based fintech will also receive an undisclosed amount of equity funding as part of the deal. This announcement comes just days after Lender Price unveiled an integration with Ellie Mae.

For its part, Regions aims to leverage the partnership to enhance its digital lending efforts by:

  • Simplifying interactions between bankers, borrowers, and the bank
  • Sending fewer information requests to consumers
  • Integrating additional data sources for approvals and confirmations
  • Offering faster responses

The Alabama-based bank serves customers across the Southern and Midwestern U.S., and has approximately 1,500 branches and 1,900 ATMs. Logan Pichel, Head of Regions Enterprise Operations said, “This investment in Lender Price and our working agreement provides important growth capital for Lender Price, aligns our mutual interests in digital transformation and continues to move us toward the goal of making banking easier for our customers.”

The funding portion of this agreement reflects the uptick in fintech investments as a whole in the first quarter of this year, when 26 alums raised $1.32 billion. That’s quite an upward trend when compared to the $230 million raised in the first quarter of 2017.

Founded in 2015, Lender Price demoed its mortgage origination automation at FinovateSpring 2017. The company’s technology contributes to banks’ efforts to compete with digital-only mortgage originators such as Quicken Loans’ Rocket Mortgage and SoFi. In fact, Bank of America announced today the rollout of its own digital mortgage service.

Agreement Express Lands Funding from Frontier Capital

Agreement Express Lands Funding from Frontier Capital

Account onboarding specialist Agreement Express received its second round of funding today. The growth equity investment comes from Frontier Capital, which pulled the funds from its $700 million Frontier Fund V closed in 2017. The amount of today’s round was undisclosed, but boosts the Canada-based company’s funding over its previous $1 million raised.

The funds are aimed to help Agreement Express accelerate growth by expanding sales and marketing efforts, hiring more employees, and bolstering technological innovation efforts. As part of the deal, Richard Maclean, co-founder and managing partner at Frontier, along with Frontier’s Managing Partner and Vice President, Dave Pandullo, will join the Agreement Express board.

In a statement, Agreement Express CEO Mike Gardner highlighted on the company’s growth since it was founded in 2001, attributing it to the company’s replacement of complexity with simplicity. “We feel the optimal time has come to take Agreement Express to the next level, and are excited to work with the talented and well-respected team at Frontier as our partner in the next phase of our journey as a growth company. We believe their experience helping transition SaaS businesses such as ours into market leaders will help us propel our innovation and enhance value to our customers in their race to digital sustainability, differentiation, and enhanced profitability, ” Gardner said.

Agreement Express helps financial services companies create and manage a consistent onboarding experience across channels, as well as leverage consumer data to create a personalized user experience. At FinovateFall 2016, the company debuted the newest version of its wealth management offering, an onboarding solution that helps advisers interact with clients in a nonintrusive, compliant manner. Among the company’s clients are National Bank of Canada, Questrade, and M&T Bank.

FinovateSpring Sneak Peek: NuData Security

FinovateSpring Sneak Peek: NuData Security

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

End friction on all legitimate customers that share one account. Come see how NuData Security’s solution analyzes device intelligence and passive biometrics to build a single entity of one or more legitimate users.

Features

  • Build a trusted entity with one or more customers who access the same account
  • Recognize customers invisibly, wherever and however they log in
  • Remove unnecessary friction on all legitimate customers

Why it’s great
Offers a frictionless experience to all authorized users of one account

Presenter

Ryan Wilk, VP, Delivery
Wilk has a wealth of experience in fraud detection, prevention, trust, and safety with globally recognized organizations such as StubHub and Universal Parks and Resorts and, currently, NuData Security.
LinkedIn

FinovateSpring Sneak Peek: Baker Hill

FinovateSpring Sneak Peek: Baker Hill

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Baker Hill’s online loan application and auto decisioning solutions are powered by Baker Hill NextGen, the expert solution for lending, risk management, and analytics.

Features

  • Ensures financial institutions meet customer expectations for convenience, speed, and transparency
  • Supports profitable loan growth
  • Optimizes the lending process

Why it’s great
With Baker Hill’s online loan application and auto decisioning solutions, financial institutions can deliver a faster, more convenient lending experience while driving portfolio profitability.

Presenters

Mike Horrocks, Vice President of Marketing 
With 20+ years of industry experience, Horrocks boasts an extensive blend of financial and technology expertise. At Baker Hill, he guides the development and marketing of the company’s solutions.
LinkedIn

 

Eric LaPlante, Sr. Product Manager 
With nearly 20+ years of industry experience, LaPlante builds client relationships at Baker Hill by researching consumer needs and crafting optimally designed products around them.
LinkedIn

FinovateSpring Sneak Peek: Kyndi

FinovateSpring Sneak Peek: Kyndi

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Kyndi is building the first Explainable AI platform for financial services, government, and healthcare.

Features

  • Structures unstructured internal text data with proprietary artificial intelligence technology
  • Provides fully explainable automated reasoning
  • Is a software product, not a consulting project

Why it’s great
Because Kyndi’s software logs every step of its reasoning process, you can transform regulated business functions with AI, and rest assured that you will also be able to justify decisions when necessary.

Presenters

Ryan Welsh, Founder and CEO 
Welsh is founder and CEO of Kyndi, an artificial intelligence company that builds Explainable AI products for critical government and commercial institutions.
LinkedIn

 

Lorne Kligerman, Senior Product Manager 
Kligerman is Kyndi’s Senior Product Manager with 10+ years of experience designing, building, and releasing products. He was previously a product leader on the Google Cloud Platform.
LinkedIn

FinovateSpring Sneak Peek: Wealthucate

FinovateSpring Sneak Peek: Wealthucate

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Whether you want to improve the participation rate of benefits, help employees solve financial challenges, or personalize benefit offerings, Wealthucate is your automated solution.

Features

  • Employer dashboard provides insights and metrics
  • Personalized and actionable advice in under one minute
  • Financial wellness score to inspire and track progress

Why it’s great
Wealthucate is a game changer. Because the approach is data-driven, it not only significantly reduces the time to provide actionable advice, it also increases engagement with company resources.

Presenter

Faruk Jaffer, CFP, ChFC, Founder
Jaffer brings two decades of financial wellness and fintech experience from companies like Google, Edward Jones, and Intuit.
LinkedIn

FinovateSpring Sneak Peek: Status Money

FinovateSpring Sneak Peek: Status Money

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Status Money is the first platform that gives everyone the power to anonymously compare their spending, interest rates, and all other aspects of their finances.

Features

  • See how your finances compare with your peers
  • Get personalized insights and offers
  • Track your credit report, interest rates, and all your accounts

Why it’s great
Status is shattering the money taboo and giving everyone the power to compare their finances and make smarter financial decisions.

Presenters

Majd Maksad, Founder and CEO 
Maksad is the founder and CEO of Status Money, and was previously the head of decision management for Citi Global Digital Payments in New York.
LinkedIn

 

Korash Hernandez, Co-Founder and COO
Hernandez is the co-founder and COO of Status Money, and was previously an executive at Citi Cards and Goldman Sachs.
LinkedIn

FinovateSpring Sneak Peek: Mr. Cooper

FinovateSpring Sneak Peek: Mr. Cooper

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Mr. Cooper, a leading home loan company servicing more than three million customers, is reimagining the homeownership experience with a mobile app to help consumers optimize debt.

Features

  • Gain insight into home value and home equity
  • Automatically analyze debt and discover savings opportunities
  • Connect live via video with a Mr. Cooper Expert

Why it’s great
The Mr. Cooper app helps homeowners optimize their debt and realize savings opportunities that would otherwise require tons of manual work and deep expertise.

Presenters

Kevin Dahlstrom, Chief Innovation and Marketing Officer
During his 20-year career, Dahlstrom, Chief Marketing Officer at Mr. Cooper, has led major marketing, product development, and e-commerce initiatives for major financial organizations.
LinkedIn

 

Ryan LaMountain, Product Manager, Mobile
LaMountain is the Mobile Product Manager at Mr. Cooper. He leads a lean team of developers to deliver best-in-class iOS and Android digital experiences.
LinkedIn

FinovateSpring Sneak Peek: Fiserv and Samsung SDS

FinovateSpring Sneak Peek: Fiserv and Samsung SDS

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Fiserv has teamed up with Samsung SDS to integrate biometric authentication and digital collaboration tools in its award-winning Commercial Center: Security.

Features

  • A simpler and faster authentication experience that eliminates the need to remember complicated passwords
  • FIDO-certified Public Key Biometrics
  • Real-time collaboration for enhanced productivity

Why it’s great
Samsung SDS biometric authentication and digital collaboration solutions improve security and user experience for Fiserv Commercial Center: Security customers.

Presenters

Scott Graf, VP Technology
Graf is an experienced technologist with a demonstrated history of working in the financial services industry to develop innovative software solutions.
LinkedIn

 

Richard Lobovsky, VP Enterprise Solutions
Lobovsky is a senior business development executive with extensive wireless industry experience focused on secure mobility in financial services.
LinkedIn

 

FinovateSpring Sneak Peek: Averon

FinovateSpring Sneak Peek: Averon

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Averon is the world’s first fully automatic and ultra-secure mobile identity authentication standard. Averon MagicFill provides magically easy, conversion-increasing form fill solutions.

Features

  • Averon’s MagicFill converts prospects using real-time mobile data
  • The ultra-secure technology breezes users through signup and checkout
  • The solution confirms user identity in real-time, increasing lead quality

Why it’s great
Averon’s MagicFill provides a seamless boost to conversion funnels, which can otherwise be like obstacle courses with lengthy, difficult forms to populate, especially on mobile.

Presenters

Tom Green, EVP
Green has deep experience in financial services and technology. He has worked with numerous technology companies ranging from startups to the Fortune 100. Currently, he is EVP at Averon.
LinkedIn