Finovate Alumni News

Around the web

  • TransferWise announces that TransferWise for Banks is now live in the U.S, enabling FIs in the states to integrate with the international money transfer specialist.
  • Onfido forges strategic partnership with blockchain-based, e-voting provider Agora.
  • Digital mortgage solution provider BeSmartee integrates with cloud communications platform Twilio.
  • YUKKA Lab joins Deutsche Börse Venture Network.
  • Jack Henry & Associates earns spot in the top 15 of the IDC Financial Insights’ 2019 DC FinTech Rankings.
  • In partnership with Radius Bank, MaxMyInterest launches Max Checking, a new FDIC-insured offering with high-interest yields and no minimums or fees.
  • Salt Edge unveils its partner program to help companies get access to open banking channels.

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.

Finovate Alumni News

On Finovate.com

  • Trends at FinovateFall: The Big, the Small, and the Surprises
  • DefenseStorm Launches New Fraud Monitoring Solution
  • From Start-up to Scale-up: Token Introduces New CEO Todd Clyde
  • Temenos Buys Kony to Boost its Front Office Technology for Banks

Around the web

  • PayActiv partners with Fiserv to streamline access to earned wages.
  • ABN Amro teams up with open banking solution provider Tink to bring multi-banking functionality to the bank’s Grip app.
  • Avaloq appoints Imad Abou Haidar as its new Head of Asia.
  • BeSmartee launches its new Mortgage Loan Officer (MLO) Command Center for loan originators.
  • Marqeta to create 175 new jobs in 2019, growing its workforce beyond 400 people.
  • SparkPost unveils new SparkPost Recipient Validation service, a sender reputation protection service that helps eliminate harmful bounces.
  • Azimo’s Richard Ambrose moves from COO to CEO, replacing Michael Kent.

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.

BeSmartee Integrates with BytePro

A collaboration between loan technology innovator BeSmartee and Byte Software’s BytePro platform will improve the digital mortgage experience for customers by enabling lenders and originators to process applicants faster and better manage heavy demand cycles.

“We’re pleased to have fulfilled this bi-directional integration to the BytePro LOS platform,” BeSmartee co-founder Arvin Sahakian said, calling Byte “a truly great company.” He added, “(This) gives BeSmartee the opportunity to enhance the origination process and user experience for more than 1,000 Byte LOS customers.”

Among other features, the integration will enable lenders to create a loan file in Byte using Fannie Mae 3.2 file data, and will support the pushing and pulling of documents and conditions to meet all the requirements of the loan origination and financing process. Borrowers will benefit from a multi-channel, interactive borrowing experience that leverages chat, text, messaging, email, and co-browsing to enhance the customer journey through an automated workflow.

Kirkland, Washington-based Byte Software was founded in 1985. With clients in all 50 states of the U.S., the company works with both multi-state lenders as well as community banks and mortgage brokerage firms. Its BytePro platform streamlines the mortgage process by using document imaging, an accessible web portal, task tracking and metrics, customizable pipeline views, and multiple user editing of loan files to improve efficiency. A business partner of CBCInnovis, a mortgage lending support solutions provider, Byte Software released the latest version of its technology this spring, introducing a new VA Cash Out Refinance Certification document in addition to other enhancements.

BeSmartee demonstrated its Smart Mortgage technology at FinovateSpring 2017. The company leverages artificial intelligence to enable lenders to move borrowers from initial engagement to underwriting in 20 minutes with completed loan application, credit report, income and asset documentation, eSigned and eDelivered disclosures, and paid appraisal.

In just the past few months BeSmartee has forged partnerships with a variety of players in the mortgagetech industry. In July, the company announced an integration with real estate document collaboration and recording technology company Simplifile. Also in July, BeSmartee and private mortgage insurance provider Arch Mortgage Insurance Company (Arch MI) collaborated on a direct integration that will provide quick and accurate risk-based pricing to accelerate the application process.

In June, BeSmartee announced another partnership, integrating with income calculation and verification technology provider LoanBeam. The same month, the company introduced its new mortgage platform for wholesale lenders and third-party originators.

Founded in 2008, BeSmartee is headquartered in Huntington Beach, California.

Finovate Alumni News

On Finovate.com

  • Prosper Launches Mobile App for Investors.
  • Identitii’s Overlay+ to Drive Intelligent Data Exchange for HSBC Bank Australia.

Around the web

  • TechCrunch highlights Lighter Capital’s revenue financing-based approach.
  • Strands celebrates 15th birthday with 700 banks in 30 countries.
  • PyraMax Bank selects Insuritas to launch a bank-owned insurance service.
  • Identitii signs new license agreement with HSBC Bank Australia Limited for its Overlay+ platform.
  • PYMNTS considers how Tuition.io helps employees pay down debt faster.
  • Norima Consulting joins the Quadient Partner Advantage Program to provide financial services companies customer journey mapping and communication management.

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.

Finovate Alumni News

On Finovate.com

  • Betterment Now Wants Your Liquid Cash, Too.
  • Finovate Alums Honored at PayTech Awards 2019.
  • BlueRush Inks IndiVideo Deal with Nikia Dx.

Around the web

  • DriveWealth announces collaboration with U.S.-based registered investment advisor Vested Finance to give investors in India access to U.S. stock.
  • Mastercard forges new partnership with SumUp, boosting the number of electronic payment acceptance locations across 27 countries in Europe.
  • Singapore-based Cheers Paytech chooses core banking technology from Mambu.
  • New Zealand’s seventh largest bank, TSB, goes live with Temenos Infinity for online account opening and onboarding.
  • ThetaRay launches version 4 of its analytics platform to help banks detect and prevent cybercrime.
  • BeSmartee announces direct integration with real estate document collaboration and recording technology solution provider Simplifile.

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.

Finovate Alumni News

On Finovate.com

  • HSBC Creates Private Banking Portal with Finantix
  • Trulioo Can Now Verify Customers in 4 New Countries
  • AI Foundry Adds Mortgage Document Modeling to its Automation Platform
  • HiddenLevers and First Rate to Improve Risk Analytics for Wealth Managers
  • DemystData Signs Two Year Agreement with Kyckr
  • YSEOP Garners $9.3 Million in New Funding Round

Around the web

  • Xceptor appoints former GBST exec as new COO.
  • eToro has launched a portfolio of firms involved in Facebook’s new digital currency Libra.
  • Jumio to power digital identity for Brazil-based BTG Pactual.
  • Settle launches its mobile payments app in Croatia.
  • Worldpay and the University of Cincinnati partner to fill business talent shortfall.
  • Coast Capital Savings teams with OnDeck to offer small business members financing options.
  • Scooter fleet company Spin joins Passport’s micro-mobility pilot program.
  • First Rate and HiddenLevers partner to provide risk analytics and business intelligence to the wealth management industry.
  • BeSmartee announces direct integration with private mortgage insurance provider Arch MI.

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.

Finovate Alumni News

On Finovate.com

  • When Stockholm Met Silicon Valley: Trustly to Merge with PayWithMyBank.
  • IBM Launches Hyper Protect Accelerator for Pre-Series A Startups.

Around the web

  • Multiple Finovate alums listed on Growjo’s list of 10,000 fastest growing companies.
  • Minna Technologies partners with Visa to enable subscription management through European retail banks.
  • Trust Science partners with Inovatec Systems Corporation to release an automated lending platform.
  • BeSmartee integrates with LoanBeam to streamline the mortgage loan application process.
  • Lendio CEO Brock Blake named EY Entrepreneur Of The Year finalist.
  • Revolut goes live in Australia as beta offering.

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.

BeSmartee Unveils New Mortgage TPO Platform

Mortgagetech innovator BeSmartee, which demonstrated its Smart Mortgage advanced origination technology at FinovateSpring 2017, announced late last week that its new automated loan submission offering is now available for wholesale lenders and their third-party originators (TPO).

The BeSmartee Wholesale Mortgage TPO Platform provides an automated, centralized submission portal originators can use to submit borrower applications and related documentation. Once this simple, guided process is completed, the third-party originator will be automatically directed to the MLO Command Center where they can work with borrowers in real-time to ensure loan requirements are met. This includes tasks such as editing files and running pricing to lock or float the interest rates.

“We’ve worked side by side with our wholesale lender clients for over two years to create the BeSmartee Wholesale Mortgage TPO platform,” BeSmartee co-founder Arvin Sahakian explained. “(The solution is) a truly ideal loan submission portal (that) not only meets the needs of our respective wholesale lender clients, but also their valued TPO network of brokers.”

BeSmartee’s new offering can also be paired with the company’s mortgage POS technology. This provides an even more seamless, fully-automated application, collection, and submission process that removes the need for the third-party originator to be involved in file submission. The TPO platform also gives loan originators the ability to access more than 165 partner software integrations including mortgage pricing engine tools, automated underwriting systems (AUS), and electronic signature solutions.

Founded in 2008 and based in Huntington Beach, California, BeSmartee made its Finovate debut two years ago at FinovateSpring 2017. Last fall, the company announced that it had integrated with Fannie Mae’s Desktop Underwriter system to further automate and streamline loan originations. With more than 25,000 applications a month processed via its platforms, BeSmartee announced both an integration with fellow Finovate alum Equifax and a partnership with mobile platform designer LoanFuel last summer.

Finovate Alumni News

On Finovate.com

  • BeSmartee Unveils New Mortgage TPO Platform.

Around the web

  • Identitii is now a ‘Co-Sell Ready’ partner for Microsoft.
  • Feedzai launches tools to help banks offer account opening solutions with fraud prevention.
  • Bankingblocks leverages Five Degrees’ Matrix solution as its digital core banking platform.
  • Eurobank Group selects TemenosT24 Transact for its subsidiaries.
  • Insuritas Launches Tucson Federal Insurance Agency for Tucson FCU.
  • Former Mastercard executive David Yates joins Yoyo as chairman.
  • AlphaPoint names co-founder Igor Telyatnikov as its new CEO.

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.

Finovate Alumni News

On Finovate.com

  • Xero Learn Sets Stage for Next Generation of Number Crunchers.
  • SynapseFI Raises $17 Million in New Funding.

Around the web

  • iSignthis acquires core banking platform software business.
  • HooYu teams up with U.K. casino operator, Bear Group.
  • United Bank of Egypt leverages technology from Finastra to upgrade its core banking infrastructure.
  • Ripple and TransferGo partner on real-time, blockchain-enabled remittances.
  • Striata inks partnership with UK-based customer communications specialist Communisis.
  • Experian to launch comparison service feature that gives consumers the real rate charged when applying for a credit card.
  • Tibco has started a research lab to develop new products and services in emerging areas such as blockchain, machine learning, artificial intelligence (AI) and the internet of things (IoT).
  • BeSmartee integrates with Fannie Mae’s Desktop Underwriter to Accelerate Mortgage Process.
  • Kasasa names Amy Gililland Chief Financial Officer.

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.