FinovateSpring Sneak Peek: NuData Security

FinovateSpring Sneak Peek: NuData Security
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 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

Share this:

Send Post Twitter LinkedIn Facebook

FinovateSpring Sneak Peek: Baker Hill

FinovateSpring Sneak Peek: Baker Hill
By David Penn Posted on
Categories: Baker Hill, FinovateSpring 2018, FinovateSpring 2018 Sneak Peek

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

Share this:

Send Post Twitter LinkedIn Facebook

FinovateSpring Sneak Peek: Kyndi

FinovateSpring Sneak Peek: Kyndi
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 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

Share this:

Send Post Twitter LinkedIn Facebook

FinovateSpring Sneak Peek: Wealthucate

FinovateSpring Sneak Peek: Wealthucate
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 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

Share this:

Send Post Twitter LinkedIn Facebook

FinovateSpring Sneak Peek: Status Money

FinovateSpring Sneak Peek: Status Money
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 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

Share this:

Send Post Twitter LinkedIn Facebook

FinovateSpring Sneak Peek: Mr. Cooper

FinovateSpring Sneak Peek: Mr. Cooper
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 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

Share this:

Send Post Twitter LinkedIn Facebook

FinovateSpring Sneak Peek: Fiserv and Samsung SDS

FinovateSpring Sneak Peek: Fiserv and Samsung SDS
By David Penn Posted on
Categories: FinovateSpring 2018, FinovateSpring 2018 Sneak Peek, Fiserv

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

 

Share this:

Send Post Twitter LinkedIn Facebook

FinovateSpring Sneak Peek: Averon

FinovateSpring Sneak Peek: Averon
By David Penn Posted on
Categories: Averon, FinovateSpring 2018, FinovateSpring 2018 Sneak Peek

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

Share this:

Send Post Twitter LinkedIn Facebook

Low-Code Development Platform OutSystems Forges Strategic Partnership with Atos

Low-Code Development Platform OutSystems Forges Strategic Partnership with Atos
By David Penn Posted on
Categories: Outsystems

Low-code development platform for rapid application development OutSystems announced a strategic partnership in Ireland and the U.K. with digital transformation specialist, Atos. The companies will leverage their working relationships in other regions to provide a platform that will enable customers to “accelerat(e) their digital transformation initiatives.”

Atos’ Head of Technology  for the U.K. and Ireland, Howard Willliams, said OutSystems’ platform will enable Atos to “offer agile and innovative products and solutions that are delivered to our clients in weeks, rather than in months or years.” He pointed to the combination of low-code and DevOps in the cloud as an ideal way to deliver web-based mobile solutions that are both “enterprise-ready and customer-focused.” Atos will host Digital Transformation Now, OutSystems’ upcoming event focused on low-code development, as part of the agreement.

For OutSystems, the agreement helps broaden its reach into overseas markets. Bob Wilson, VP of Global Alliances and Channels at OutSystems, said, “We see this partnership with Atos as an opportunity to help our customers in the U.K. and Ireland rapidly develop enterprise-ready web and mobile applications that solve their business challenges in new and innovative ways.”

Recognized for its leadership in mobile application development platforms (MADP) and low-code development platforms by Gartner and Forrester, respectively, OutSystems helps firms build and manage better apps. With full-stack visual development – including drag-and-drop functionality for UI – and single-click deployment and updating, OutSystems serves customers in verticals ranging from banking and insurance to healthcare and retail.

Last year, OutSystems presented a talk titled Low-Code: The Next Evolution in App Dev Platforms (Oh, and 5x Faster) at our developers conference, FinDEVr New York. At the event, OutSystems’ Nuno Silveira (IT Architect) and Joao Miranda (IT Manager) discussed how the company was able to assist a European retail bank in a major digital transformation including mobile banking, internet banking, branch, and contact center solutions.

In March, OutSystems unveiled its Digital Transformation Hub, an online educational resource for IT leaders that features original research and analyst reports from Gartner, Forrester, and others on the topic of digital transformation. Also last month, the company announced the completion of a low-code development project with BlueVest. The project enabled the U.K.-based company to launch a digital underwriting app that provides initial loan quotes as fast as 15 minutes and confirmed offers in 30 minutes.

Founded in 2001 and headquartered in Atlanta, Georgia, OutSystems has raised more than $62 million in funding. The company includes North Bridge Venture Capital and Armilar Venture Partners among its investors. Paulo Rosado is CEO.

Share this:

Send Post Twitter LinkedIn Facebook

doxo Teams with Coinstar to Facilitate Cash Payments for Underbanked

doxo Teams with Coinstar to Facilitate Cash Payments for Underbanked
By Julie Muhn (@julieschicktanz) Posted on
Categories: Doxo

Consumer billpay platform doxo has found a way to reach the unbanked population. The Seattle-based company announced a partnership with Coinstar, a self-service coin-counting kiosk enterprise.

Through the partnership, doxo users can use cash to pay any of the 45,000 local and national billers in doxo’s network at Coinstar locations across the U.S. Jim Gaherity, CEO of Coinstar, said: “doxo’s extensive biller directory, combined with our national network of Coinstar kiosks, brings a new level of ease and accessibility for bill pay, and we’re excited to offer this capability to our customers.”

And for many consumers, cash is still king. There are 34 million unbanked or underbanked households across the U.S. and more than $235 billion in bill payments are made with cash each year. Steve Shivers, CEO and co-founder of doxo said, “For billers, providing an easy way for their customers to pay with cash is not only a valuable service, but helps keep accounts current. Our partnership with Coinstar provides this opportunity with very little effort on the part of billers.”

Customers who want to pay bills in cash select Pay Bills with Cash at Coinstar as the payment option at a participating biller’s website. Then, the consumer visits a Coinstar kiosk, selects their biller, and inserts cash into the machine. A payment receipt is printed with a code that the customer can use to track their payment delivery on doxo’s portal. Coinstar has a network of 20,000 kiosk locations, and doxo’s bill payment option will be available at 7,000 of those units by the end of the year.

While the number of services for the underbanked population is on the rise, there are not many that enable consumers to pay for online or remote services for cash. In fact, doxo’s only competitor in this space may just be PayNearMe, a company founded in 2009 that allows unbanked consumers to pay for e-commerce, transportation, and a limited number of billers in cash at 7-Eleven and Ace Cash Express stores.

doxo is compatible with existing billing systems and allows billers to electronically connect for free. The platform offers a simplified experience for end users and provides a complete online payment system for billers who have yet to go digital. Among the company’s list of billing partners are AT&T, National Grid, Puget Sound Energy, Kansas City Light, and more providers across finance, utilities, healthcare, telecom, banking, and insurance sectors.

Founded in 2008, doxo debuted its Control Panel at FinovateSpring 2011. Last fall, the company surpassed 30,000 payable billers on its platform. doxo has raised $18.8 million and counts Mohr Davidow Ventures, Sigma Partners, and Bezos Expeditions as investors.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News

By David Penn Posted on
Categories: Agreement Express, Averon, Baker Hill, Doxo, Efigence, Emailage, Fiserv, Kyndi, Lender Price, Meniga, Mr. Cooper, NuCypher, NuData Security, Outsystems, Plaid, Ripple, Status Money, Trulioo, Wealthucate, Zopa

On Finovate.com

  • doxo Teams with Coinstar to Facilitate Cash Payments for Underbanked.
  • Agreement Express Lands Funding from Frontier Capital.
  • Low-Code Development Platform OutSystems Forges Strategic Partnership with Atos.

Around the web

  • Iowa City-based Farmers & Merchants and Savings Bank to deploy Fiserv’s retail and business banking platform.
  • Zopa announces restructuring in advance of the launch of its challenger bank.
  • PYMNTS.com features Trulioo CEO Stephen Ufford in a conversation about the present and future of KYC.
  • Santander introduces its Santander One Pay FX service, a blockchain-based money transfer offering that leverages Ripple’s xCurrent technology.
  • Meniga CEO Georg Ludviksson selected as one of top 200 Fintech leaders in Europe
  • NuCypher teams with Origin Protocol to control access to sensitive information in decentralized marketplaces.
  • Efigence powers concept, UX, and design for BGŻOptima Bank’s new portal.
  • PYMNTS.com profiles anti-cyberfraud startup, Emailage.

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.

Share this:

Send Post Twitter LinkedIn Facebook

Fidor’s New Partnership Takes Aim at Financial Inclusion

Fidor’s New Partnership Takes Aim at Financial Inclusion
By Julie Muhn (@julieschicktanz) Posted on
Categories: Fidor Bank

Digital banking services company Fidor has partnered with the International Finance Corporation (IFC) to expand digital banking services in Africa and Latin America.

The IFC and Germany-based Fidor have signed a memorandum of understanding (MOU) to identify financial institutions and partners to launch and enhance digital bank partnerships in developing regions. The IFC works with more than 2,000 businesses worldwide and is a part of the World Banking Group. Last year, the organization delivered a record $19.3 billion in long-term financing for developing countries to help end poverty. Under today’s agreement, the effort will leverage the Fidor Operating System (fOS), an API that delivers digital banking services at a low cost, and will take advantage of Fidor’s expertise in launching a bank.

In the press release, Matthias Kröner, Founder and CEO of Fidor, said: “Fidor’s business model is deeply rooted in providing fair banking in the most efficient fashion possible which aligns with financial inclusion agendas. Having access to financial services can improve people’s everyday lives in emerging markets.” Kröner added that the financial inclusion agenda not only helps individuals, but the benefits also extend to economic and social development. This is why, he stated, “The MOU with IFC aims to roll out digital banks throughout emerging countries and give access to financial services in order to boost financial inclusion.”

This partnership fits well within Fidor’s core competency. The financial services firm co-innovates with other organizations, offering its APIs and expertise to help them launch their own digital banks. Fidor’s technologies cover a wide range of digital banking elements, including compliance, risk management, go-to-market strategy, and customer service. These capabilities are key for the World Banking Group to meet its goal of enabling 1 billion more people to have access to a transaction account by 2020.

Fidor has demoed at FinovateEurope 2011 and presented at FinDEVr New York 2016. In 2016, the company was acquired by France’s Groupe BPCE. Last summer, the company’s U.K. challenger bank announced that Nutmeg was one of two inaugural partners for Finance Bay, the bank’s new marketplace that aims to offer clients access to alternative investment opportunities.

Share this:

Send Post Twitter LinkedIn Facebook