Fern Software Opens Cloud Platform to Third Parties in the U.K. and Ireland

Fern Software Opens Cloud Platform to Third Parties in the U.K. and Ireland

Core banking software provider Fern Software has opened its Abacus HUB Cloud platform to third parties in the U.K. and Ireland, reports Tanya Andreasyan at Banking Technology (Finovate’s sister company).

“End users can now build a customized core banking system from the library of apps available,” the vendor said.

According to Fern, “this is the first time APIs have been made available in this way to third parties to offer new and disruptive apps to credit unions and other financial services providers in the U.K. and Ireland.

“This open approach to collaboration is unique to this market.”

Pictured (left to right): Fern Software CEO Eamon Scullin and Software Architect Adam Stirtan demonstrating BayTree, a scalable, “Pay as you Grow” API Banking CRM software service at FinovateFall 2015.

Eamon Scullin, CEO and founder of Fern, observed that the changing technology and business needs of credit unions require “all key players to collaborate across payments, mobile and online services”.

The vendor is “working with selected fintech partners to deliver a complete integrated solution”. Third party apps will be available via the AbacusStore portal.

John McGucken, GM at Fern, described Abacus HUB as “the future of credit union financial services software”. It will reduce the credit unions’ costs, increase flexibility and facilitate innovation and open collaboration, he explained.

Among Abacus users in the UK is Liverpool-based Enterprise Credit Union (ECU). Its manager, Karen Bennett, supported Fern’s latest venture, saying “we are confident we can offer more services, maintain growth and streamline current processes for all involved”.

According to Scullin, Abacus HUB has already been deployed in three sites.

Fern Software was set up in 1979. Its flagship core processing system, Abacus, is aimed at “inclusive financial institutions”, such as MFIs, credit unions, SME lenders and development banks.

The solution has 300 installations in 35 countries, predominantly across Africa, Latin America, Asia and Eastern/Central Europe. It is available in English, Arabic, French, Russian and Khmer.

Fern Software demonstrated its “Pay as you Grow” API banking CRM software service, Baytree, at FinovateFall 2015.

FinovateFall Sneak Peek: ID Analytics

FinovateFall Sneak Peek: ID Analytics

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

ID Analytics, the leader in credit and fraud risk solutions, introduces ID Connect 2.0 to improve the account opening experience while managing risk.

Features

  • Improves the account opening experience
  • Reduces application abandonment
  • Verifies the ID and the identity

Why it’s great
ID Connect 2.0 provides an awesome, fast, and safe application process by reducing data entry while verifying the ID and the identity.

Presenters

Aaron Kline, Vice President, Innovation and New Ventures
Kline leads the company’s efforts to innovate and build new solutions to support clients’ growth while minimizing risk.
LinkedIn

Tim Manglona, Senior Product Manager, Innovation and New Ventures
Manglona leads initiatives focused on a new product development to expand ID Analytics’ portfolio of solutions and oversees the ID Connect product suite.
LinkedIn

FinovateFall Sneak Peek: Omega Point

FinovateFall Sneak Peek: Omega Point

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

Omega Point empowers investment professionals to adapt to changing markets with an easy-to-use portfolio management platform that discovers risks and suggests optimizations.

Features

  •  Evaluate performance and risk of any investment product
  • Isolate positive drivers of your strategy and hedge against unintended bets
  • Identify rebalancing opportunities in changing markets

Why it’s great
Investing using Omega Point helps managers identify trends and adapt their portfolios to rapidly changing market conditions.

Presenters

Omer Cedar, Co-founder and CEO
Cedar was previously SVP, Research at Two Sigma Investments, a leading quantitative fund. His expertise includes behavioral equity strategies, quantitative and fundamental risk arbitrage strategies, and alpha capture.
LinkedIn

FinovateFall Sneak Peek: Digital Onboarding

FinovateFall Sneak Peek: Digital Onboarding

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

Digital Onboarding is a SaaS technology company focused on helping banking customers activate their financial services products.

Features

  • Fully automated and 100% digital customer onboarding experience.
  • Increased bank profit from higher customer activation rates.
  • Cost savings from elimination of direct mail and phone calls.

Why it’s great
Digital Onboarding is more efficient and effective than traditional phone calls, emails, direct mail, and print brochures, driving bank profit by increasing new customer activation rates.

Presenters

Ted Brown, Co-Founder, CEO
Brown has a background in sales and an exit with a VC funded company, Andera Inc. He is a loving husband, and a father to a black Lab.
LinkedIn

 

 

Jonathan Crossman, Co-Founder, CTO
Crossman is a 15-year seasoned full-stack developer . He is a loving husband, and a father to two boys.
LinkedIn

FinovateFall Sneak Peek: Braintri

FinovateFall Sneak Peek: Braintri

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

With Braintri, cards are dead. Everyone is looking for a new technology that allows you to pay anywhere and everywhere. They have the solution. They called it Jiffee – a new tap and pay mobile technology.

Features

  • Jiffee is a new technology that allows you to pay anywhere and everywhere
  • All your cards and accounts in one place
  • They turn any device into payment terminal

Why it’s great
Jiffee is a new technology that allows you to pay anywhere and everywhere.

Presenters

Maciej Stępień, CEO & Co-Founder
Stępień has nearly 20 years of experience in innovative payments technology and consulting services with focus on enterprise-grade software development and system implementation.
LinkedIn

Wojciech Zatorski, CEO & Co-Founder
Zatorski has over 20 years of extensive experience in the financial sector with a strong focus on transaction processing, and experience in managing large-scale projects and innovative payments technology.
LinkedIn

D3 Banking’s Christina McGeorge Talks About Finding Her Niche as a Fintech Professional

D3 Banking’s Christina McGeorge Talks About Finding Her Niche as a Fintech Professional

This article was first published on FinTech Futures on June 27th 2017.

Part of our #WomenInFinTech series, we chat to Christina McGeorge – chief product officer and VP of product ownership for D3 Banking – about how she only became aware of her success within fintech a few years ago. She shares some words of inspiration and motivation to the next round of successful women in tech.

How did you start your career?

I began my career nearly thirty years ago as a software engineer at ACI Worldwide. I was still in college, working on my degree in management information systems at the University of Nebraska at Omaha. After two years, I switched my focus to solutions architecture because I wanted to broaden my skillset. I went on to work for ACI for 20 years, eventually becoming the lead design engineer for ACI’s point of sale product.

What sparked your interest in fintech?

Computer sciences had always been an interest of mine, so it was a natural fit to study in college. However, my curiosity and passion quickly grew beyond just computer sciences, and I found myself pursuing some exciting opportunities in the fintech space. I’ve been hooked ever since.

What was your lightbulb moment?

I’ve always enjoyed my work, but my lightbulb moment didn’t come along until a few years ago. While I was designing front-end authorization systems at ACI and back-office solutions for BHMI, I was assembling pieces of a puzzle, gaining more knowledge of particular niches within the fintech space. It wasn’t until I joined D3 Banking and gained a new perspective that the broader picture came into focus. Suddenly, the trajectory of my career made sense. Without my previous experiences and the perspectives gained from them, I would not have been positioned to contribute to D3 Banking as I have, helping to design our platform. The pieces of the puzzle just fell into place; I had been on this path all along.

What inspires you?

I’ve always been inspired by the notion of providing people with the opportunity to better themselves financially. This is why when I had the chance to join a start-up digital banking company more than five years ago, there was no hesitation. I was employee number 15 at D3 Banking, which allowed me to help build our platform from the ground up in a way that helps both banks to reduce complexities in their systems, and end users to better understand their financial situations and enhance communication with their banks.

Why is the #WomenInTech movement important?

Culturally, we struggle with the idea that it’s normal or even acceptable for girls to be good at math or sciences. In fact, I remember being one of few girls in my computer science classes. The #WomenInTech movement spreads the message that anyone in the world, even a young girl in grade school, can be good at science at math, and that the world is open to you. This is so important for future growth and progress.

What piece of advice would you give women starting their careers in fintech?

When I was younger, my grandfather used to quiz me on my math. I remember one day he told me, “it’s not whether you can; it’s whether you want to.” That’s something that really resonated with me, and is something I think is important for not only women, but all people to know. You are capable, if you’re willing to put in the effort necessary to achieve your goals.

Throughout the year we will be profiling women in fintech, not simply to celebrate their success but also to hear what has worked for them during the course of their careers. Click here to read more inspirational stories from fintech’s leading women >>

FinovateFall Sneak Peek: Bpm’online

FinovateFall Sneak Peek: Bpm’online

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

Bpm’online financial services is a process-driven CRM designed for corporate and retail banks and financial institutions to streamline customer-facing processes and enhance customer experiences.

Features

  • Upgraded product catalogue
  • Enhanced omnichannel communications
  • Optimized business process management

Why it’s great
Bpm’online provides banks and financial institutions with intelligent business process management capabilities and a single platform for all customer-facing operations.

Presenters

Matthew Tharp, Chief Evangelist
With more than 10 years of experience in the CRM space, Tharp is responsible for evangelizing bpm’online technologies and promoting CRM products.
LinkedIn

John Binda, Enterprise Account Executive
Binda is responsible for managing and developing business relationships with enterprise-level customers and key accounts.
LinkedIn

FinovateFall Sneak Peek: Finicity

FinovateFall Sneak Peek: Finicity

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

Finicity is a data aggregation and insights provider transforming markets through the use of consumer-permissioned data.

Features

  • Intuitive customer on-boarding
  • Improved data access and data quality
  • Simplified access to data and reports

Why it’s great
Finicity is driving the consumer data-sharing market to radically improve financial management, payment initiation, and lending experiences.

Presenters

Nick Thomas, President of Data Services
Thomas is a technologist and business builder. As co-founder of Finicity, Thomas is passionate in helping individuals and organizations gain deeper insights thru data to make smarter financial decisions.
LinkedIn

Jessie Morris, Director of Engineering
Morris is a problem solver by nature and a master software engineer and developer by trade. He plays a major role in designing and reimagining the Finicity data aggregation platform.
LinkedIn

FinovateFall Sneak Peek: Sensibill

FinovateFall Sneak Peek: Sensibill

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

Sensibill’s market-leading technology embeds in banking apps to help users manage receipts. This purchase data provides unparalleled customer insight that generates revenue opportunities.

Features

  • Pinpoint cash and OFI card spend that you can migrate to your cards
  • Upsell small businesses that hide in your personal banking user base
  • Identify customers’ needs before they start to shop around

Why it’s great
Driving above-market growth hinges on the depth of customer insight. Sensibill offers the deepest source of data and makes it clear how exactly FIs can seize opportunities.

Presenters

Corey Gross, CEO and Co-Founder
Gross is an entrepreneur, emerging payments thought leader and digital receipts pioneer with extensive experience partnering with POS, retailers, FIs, and others in the payments value chain.
LinkedIn

Jamie Alexander, CTO and Co-Founder
Alexander is an innovator and recognized technology leader with 20+ years of enterprise (IBM) and startup experience in software architecture, design, and development for financial services and telecomms.
LinkedIn

Finovate Alumni News

On Finovate.com

  • BizEquity Brings Business Valuation Data to Wall Street Journal Pro.
  • Fern Software Opens Cloud Platform to Third Parties in the U.K. and Ireland.

Around the web

  • SumUp announces expansion to 15 European countries, doubling the number of markets the company serves.
  • UK Hot Views takes a look at the recent financial performance of Vipera.
  • OnDeck celebrates 10th anniversary, having provided more than $7 billion in capital to more than 70,000 customers.
  • Ellie Mae acquires Velocify in $128 million deal.

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.

 

CREALOGIX Purchases AI and Machine Learning Tech from Koemei

CREALOGIX Purchases AI and Machine Learning Tech from Koemei

Swiss digital banking company CREALOGIX has bolstered its AI and machine learning capabilities with the acquisition of new technology from Koemei.

CREALOGIX will leverage Koemei’s technology that uses automated speech recognition (ASR) to convert audio, podcast, and video content into text data, which facilitates cross-media search capabilities. The platform is scalable for large, multimedia datasets and uses machine learning to analyze and optimize multimedia content. The University of Geneva has used Koemei’s technology to process 5,000+ hours of lectures, integrating the content with user-friendly text document searches.

To suit its business needs, CREALOGIX is adapting Koemei’s technology to suit the requirements of its customers by offering concept search, content analytics and statistics. Urs Widmer, CEO of Digital Learning at CREALOGIX, said that the new technology “is helping to secure added value and a competitive edge for our customers.”

Founded in 1996, CREALOGIX most recently demoed its Predictive Banking in Virtual Reality solution at FinovateEurope 2017 in London, where it won Best of Show. The company’s Marc Stähli, Head of Sales and CMO, and Eszter Vass, Sr. Product Strategy and Presales Consultant, showed how an immersive VR environment can better engage users to become involved in their personal finances. In July, CREALOGIX was recognized at The Goodacre Systems in the City Awards and last month was recognized by Wealth and Finance International for its digital financial advisory solution.

Finovate Alumni News

On Finovate.com

  • CREALOGIX Purchases AI and Machine Learning Tech from Koemei.

Around the web

  • Braintree Enables Apple Pay, Android Pay Support in Australia.
  • TradeRiver joins the International Chamber of Commerce.

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.