FinovateAsia Sneak Peek: Rootant

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateAsia 2018, FinovateAsia 2018 Sneak Peek, Rootant
A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot. Rootant empowers global financial institutions to transform to a cross-platform, easy-to-use, and user-friendly financial platform with applications and services that improve the end user experience. Features Various services: front-end replacement, application enhancement, gamification, workshop, and training Various verticals: bank, broker, asset investment, and wealth management Various presence: SH, HK, and SGP Why it's great Rootant (Finance_Design+Tech+Global) provides better financial experience for clients. Presenter Lincoln Yin, CEO Yin is a young entrepreneur who started Rootant at the age of 19. He is a member of the Global Shapers Community and a delegate of the G20 Young Entrepreneurs Alliance. LinkedIn

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: ayondo, DepositBook, Ellie Mae, Entrust Datacard, eToro, Klarna, Roostify, Rootant, Top Image Systems, Tradeshift, Voca.ai
On Finovate.com Klarna Rakes in $20 Million in Fall Funding Round Check out this week's sneak peek of FinovateAsia demos: Top Image Systems Rootant Voca.ai  DepositBook Around the web Entrust Datacard named Employer of Excellence. Ayondo expands B2B offering in Asia with a new white label deal. Tradeshift appoints Silicon Valley veteran as its First CLO, CCO. eToro cuts crypto costs to support mass adoption. Roostify announces bidirectional integration with Ellie Mae’s Encompass digital mortgage solution. 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.

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FinovateAsia Sneak Peek: Voca.ai

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateAsia 2018, FinovateAsia 2018 Sneak Peek, Voca.ai
A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot. Voca.ai is a human-friendly virtual agent supercharging contact centers. The Voca agent significantly reduces costs of call centers while increasing revenues. Features Personalization: adjusts tone, accent, and gender per the customer’s data Customization: is customized to the business’ lingo and terminology Scalability: can make 200 calls one day and 1 million the next Why it's great Voca.ai is the only scalable way to reach out to your customers over the phone without losing the human touch. Presenter Einav Itamar, Investor, Director Itamar is a serial tech entrepreneur with 12 years of experience in AI and big data. LinkedIn

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FinovateAsia Sneak Peek: DepositBook

By Julie Muhn (@julieschicktanz) Posted on
Categories: DepositBook, FinovateAsia 2018, FinovateAsia 2018 Sneak Peek
A look at the companies demoing live at FinovateAsia on October 29 and 30, 2018 in Hong Kong. Register today and save your spot. DepositBook is a wholesale deposit marketplace that connects institutional and corporate depositors with banks globally. Features Offers an open banking platform revolutionizing the wholesale deposits markets Grants depositors access to special interest rates with one central account Allows banks to raise liabilities at no additional costs Why it's great DepositBook's deposit marketplace creates a win-win for all stakeholders. Banks can raise funding with global depositors who discover the best rates and transact through a central account in a seamless manner. Presenters Siddharth Bhandari, CEO Bhandari is the founder CEO of DepositBook. He has been a career banker for over 20 years, holding leadership positions globally. Bhandari has a Masters degree in Finance from the London School of Economics. LinkedIn Samir Rajpurkar, CTO and Co-founder Rajpurkar has 25+ years of…

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Webinar: What’s next for top-tier banks and financial messaging?

By Charlie Burgess Posted on
Categories: Webinars
https://www.youtube.com/watch?v=nleM8G2BtLQ WIFT remains a mission critical channel for all financial institutions. But the cost and complexity of operating SWIFT for top-tier banks has increased substantially since the introduction of SWIFT’s CSP programme. As payments and connectivity become increasingly commoditised for all financial institutions, banks are re-thinking how best to maintain secure, reliable and compliant SWIFT operations and back-office applications at the lowest cost. To respond to our customers’ needs, equensWorldline has launched a new fully managed service to meet the needs of tier-1 banks that can no longer afford to invest in ageing infrastructure or meet increasingly stringent regulations and market practices. Now, for the first time, outsourcing of SWIFT and other financial messaging channels is a realistic and attractive option for tier-1 banks that previously operated their SWIFT infrastructures in-house. Commerzbank AG, a top SWIFT user, recognised the benefits and adopted the Next Generation Financial Messaging service from Worldline,…

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Priority Payment Systems to Offer Sezzle’s Shop Now, Pay Later Solution

By David Penn Posted on
Categories: Sezzle
Fresh of its return to the Finovate stage, alternative payment platform Sezzle announced this week that Priority Payment Systems will offer Sezzle as a payment option for its merchants. This will allow Priority Payment Systems merchants to add the e-commerce financing technology both at the product page and at checkout. "We're excited to offer our clients and their merchants a new alternative payment method, providing more choices for consumers and differentiation in the marketplace," Priority Payment Systems CEO John V. Priore said. Founded in 2005, Priority Payment Systems has 174,000+ SME merchant customers, and processes 39+ billion electronic transactions a year. Sezzle founder and CEO Charlie Youakim praised the company's "scale and breadth in e-commerce," and called the Alpharetta, Georgia-based firm "an excellent financial services partner for Sezzle." Sezzle provides POS financing that enables consumers to pay for purchases in four interest-free installments over a six-week period. Sezzle pays the…

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The ID Co. Launches NoMo Cashflow Tracking App

By David Penn Posted on
Categories: The ID Co.
The ID Co. announced late this week that its NoMo solution is the first mobile app to leverage Open Banking to give users simple financial cashflow tracking. The solution is currently available on iOS with an Android version expected in December. "We have been working on building a consumer app that allows customers to answer one very simple, but important question, and we're confident that this premise means NoMo will be a great success with customers," James Varga, CEO of The ID Co., said. He noted the new offering, combined with its DirectID solution for FIs, adds a significant dimension to the company and would "broaden (its) appeal within the market." "We look forward to the reception NoMo will receive now it has been launched," Varga said. NoMo provides cash-flow averaging, spending recommendations, personalized updates, and a financial performance overview that tracks your performance and progress in growing your cash account, specifically.…

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Finovate Alumni News

By David Penn Posted on
Categories: Anorak, HackerOne, Meniga, Sezzle, The ID Co.
On Finovate.com Priority Payment Systems to Offer Sezzle's Shop Now, Pay Later Solution. The ID Co. Launches NoMo Cashflow Tracking App. Around the web IDG's Techworld features U.K.-based insurtech innovator, Anorak. The company was also selected to participate in the Plug and Play Insurtech innovation platform in November. Silicon Republic highlights Meniga in its roundup of "cool start-ups from Reykjavik." In partnership with the U.S. Department of Defense, HackerOne uncovers 150 cybersecurity vulnerabilities during Hack the Marine Corps challenge. 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.

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Student Loan Genius Relaunches as Vault

By Julie Muhn (@julieschicktanz) Posted on
Categories: Student Loan Genius, Vault
Fall has brought not only a change of season for student loan repayment benefits platform Student Loan Genius, it also marks a name change, as the company has rebranded as Vault this week. “Vault was born out of the desire and ability to be more than a third-party financial technology service for organizations,” said Matt Beecher, CEO of Vault. “We solve a very real and increasingly suffocating financial problem that affects a large number of employees: student loan debt. And, we are willing to get down into the trenches to create results that give our clients an advantage in the marketplace. We’ve changed our name to reflect that we’ve honed our focus, more than ever, on empowering financial freedom.” The rebrand also helps to differentiate Vault from a student loan refinancing platform with a name similar to its former one, Student Loan Hero. The news comes as Vault closes a deal…

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Lighter Capital Launches Capital Client Perks Program

By Julie Muhn (@julieschicktanz) Posted on
Categories: Lighter Capital
Revenue-based financing provider Lighter Capital has brightened up its services today with the launch of a new perks program. The Lighter Capital Client Perks, which bundles business tools and service offerings, launches today for startups funded by Lighter Capital. Customers can use the program for free and benefit from offers that add up to $75,000 in savings from 30 companies (including Finovate alum Gusto), more than 10% of which are Lighter Capital clients. Offerings include cloud hosting, HR services, marketing and sales automation, CRM, and more. "We recognize that in today’s business environment, it takes more than money for tech startups to achieve success – so we’ve assembled a lineup of services specially catered to assist early-stage companies,” said BJ Lackland, CEO of Lighter Capital. “Our goal is to help startups grow. We'd love it if companies can receive enough savings from these perks that they effectively pay us no interest on…

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Trustly Teams with Mintos Marketplace

By Julie Muhn (@julieschicktanz) Posted on
Categories: Trustly
Payment solutions company Trustly landed a new client in the peer-to-peer lending space this week. The Sweden-based company announced it has teamed up with Mintos, Europe's largest P2P marketplace. The collaboration will allow the almost-100,000 investors at the Latvia-based P2P platform to transfer funds from banks in 29 European countries in real time. Mintos anticipates the partnership will not only simplify but also speed up the process for investors. In a statement, Mintos CEO and co-founder Martins Sulte commented on the importance of offering "fast and highly secure transfers" and meeting investors' demand "for a seamless, fast, and simple user experience." He added, "We are very pleased to be able to grow our offer with both an in-demand payment method and the unrivaled European coverage that Trustly provides.” Johan Nord, Trustly CCO, discussed the value of synergies within fintech. He said that today's partnership with Mintos "is an excellent example of how…

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Daon Inks Deal with South Africa’s Capitec Bank

By David Penn Posted on
Categories: Daon
Finovate is not the only company looking forward to doing more business in South Africa. Biometric identity technology solutions provider Daon has partnered with Stellenbosch South Africa's Capitec Bank in a multi-year agreement that will leverage Daon's IdentityX platform to develop new authentication solutions. Capitec initially will use the technology to enhance its onboarding process. "Daon is excited to partner with Capitec to deliver digital onboarding and authentication to its clients," Daon CEO Tom Grissen said. "We share in Capitec's mission for simplicity and client empowerment through convenient and secure choices for mobile banking." With more than 10 million active clients, Capitec Bank is the fastest growing full service retail bank in South Africa. The bank has more than 820 branches and 4,600 ATMs across the country, and has more than three million customers using its banking app to access account information, as well as make payments, transfers, and pre-paid…

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