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Best of Show Winners from FinovateFall 2024 Join the Finovate Podcast

Best of Show Winners from FinovateFall 2024 Join the Finovate Podcast
By David Penn Posted on
Categories: Bancography, CardLift, Credit Mountain, Delfi Labs, Eko Investments, FinovateFall 2024, Illuma Labs, Podcasting

Looking for some entertaining and insightful listening this holiday week? Greg Palmer and the Finovate Podcast have you covered!

This week the Finovate blog is sharing Greg’s conversations with seven of the eight Best of Show winning companies from FinovateFall 2024. From discussions about the growing importance of innovation in helping banks and other FIs meet ever-changing compliance requirements to the challenge of call-center security and defending against AI fraud, this latest round of interviews from the Finovate Podcast share insights and accomplishments from some of fintech’s finest.

“FinovateFall’s Best of Show winners come from different backgrounds and contain a wide range of solutions, but they all have one thing in common: they were able to capture the attention of our audience in a very competitive landscape,” podcast host Greg Palmer said. “Hear more of their stories and find out why they’re worthy of your attention too.”

Greg Palmer and Neepa Patel of Themis talk about compliance administration and how fintechs and financial services companies can avoid becoming a target for regulators. EP 238.

Greg Palmer interviews Rithwik Pattikonda of CardLift on payments via browser extensions. EP 237.

Podcast host Greg Palmer talks with Daniel and Joseph Ahn of Delfi on the dangers of balance sheet risk and its macroeconomic impact. EP 236.

Greg Palmer and Bancography’s Steven Reider discuss the importance of physical branches and making sure they are in the right places. EP 235.

Greg Palmer talks about call-center security and AI-based fraud with Illuma’s Milind Borkar. EP 234.

Credit Mountain’s Nathan Pinto talks about the “warm decline” and relationship-building with podcast host Greg Palmer. EP 233.

Greg Palmer and Eko’s Mart Vos discuss a new approach to bringing investing capabilities inside FIs. EP 232.

Photo by Jonathan Velasquez on Unsplash

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FinovateFall 2024 Best of Show Winners Announced

FinovateFall 2024 Best of Show Winners Announced
By David Penn Posted on
Categories: Bancography, Best of Show, CardLift, Credit Mountain, Delfi Labs, Efigence, Eko Investments, FinovateFall 2024, Illuma Labs, Nest Bank, Themis

After two days of live demos from more than 65 fintech companies, the attendees of FinovateFall 2024 have made their decisions as to which of these innovators will take home Finovate’s coveted Best of Show awards. Featuring both Finovate newcomers and Finovate veterans alike, the winners of Best of Show for FinovateFall 2024 are listed below.

Bancography for its software tool that lets bankers predicate branch investments on sound market data, not intuition, preventing costly missteps and ensuring optimized investments.

CardLift for its solution that enables companies to build a co-branded browser extension for their partners that automatically finds and switches users’ card-on-file to their partners’ card.

Credit Mountain for its technology that helps organizations grow their businesses by retaining, nurturing, and cross-selling declined borrowers.

Delfi Labs for its technology that creates efficient risk management and hedging strategies in minutes, enabling clients to defend margins, enhance performance, and raise valuation.

Eko Investments for its platform that offers investments via a financial advisor to all clients–and not just the top 1%–starting from $10.

Illuma for its innovations in deepfake detection that enable community financial institutions to keep their members and customers connected with their funds in a convenient and secure manner.

Nest Bank & Efigence for their collaboration, N! Assistant, a virtual AI-powered assistant that revolutionizes finance.

Themis for its solution that enhances compliance efficiency, minimizes regulatory risk, and fosters seamless collaboration, empowering banks and fintechs to focus on growth and innovation in financial services.

Please join us in congratulating our eight, Best of Show-winning companies. Let’s also raise a glass to all of our demoing companies for their innovations in fields ranging from regtech and payments to lending, wealth management, and beyond. We are especially grateful for our attendees and sponsors, whose support continues make our Finovate conferences among the most anticipated events in our industry. We look forward to seeing you again next year!

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The six companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 through 2024 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017
FinovateSpring 2017
FinovateFall 2017
FinovateAsia 2017
FinovateMiddleEast 2018
FinovateEurope 2018
FinovateSpring 2018
FinovateFall 2018
FinovateAsia 2018
FinovateAfrica 2018
FinovateEurope 2019
FinovateSpring 2019
FinovateFall 2019
FinovateAsia 2019
FinovateMiddleEast 2019
FinovateEurope 2020
FinovateFall 2020
FinovateWest 2020
FinovateEurope 2021
FinovateSpring 2021
FinovateFall 2021
FinovateEurope 2022
FinovateSpring 2022
FinovateFall 2022
FinovateEurope 2023
FinovateSpring 2023
FinovateFall 2023
FinovateEurope 2024
FinovateSpring 2024

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By David Penn Posted on
Categories: Alumni News, ASA, Eko Investments, Fintech Rundown, Kobalt Labs, Mitek, nCino, PayPal, Trustly, UpSwot, Weekly Alumni News

Finovate’s Fintech Rundown is here with a look at some of the top fintech headlines. From startups emerging from stealth flush with capital to the launch of new AI-powered fraud fighting technologies, we’ve got you covered. Be sure to check back all week long for the latest updates.

E-commerce

E-commerce payments solution provider Klarna acquires New Zealand’s Laybuy.

Regtech

Risk and compliance company Unit21 introduces new anti-fraud technology for ACH transactions.

Payments

Uruguay-based cross-border payment platform dLocal forges strategic partnership with Uphold’s onramp service, Topper.

PayPal integrates with payroll provider UKG to offer early wage access.

Payments company D24 forges a strategic partnership with payments orchestration platform Yuno.

Nigeria-based B2B payments and liquidity platform for emerging markets businesses Waza emerges from stealth with $8 million in funding.

Identity management

Biometric authentication solutions company IDEX Biometrics names Catharina Eklof as its new CEO.

Crypto / DeFi

Romania-based AI and blockchain technology provider Humans.ai acquires TensorChain creator Starfish Technologies.

German neobank N26 expands its cryptocurrency trading product, N26 Crypto, to five new European nations: Belgium, Germany, Ireland, Portugal, and Switzerland.

Worldwide Stablecoin Payment Network (WSPN) raises $30 million in seed funding.

Decentralized finance (DeFi) risk management platform Chaos Labs secures $55 million in Series A funding.

Stablecoin-to-fiat money transfer app Sling Money locks in $15 million in funding.

Lending

ABN AMRO forges partnership with nCino to enhance its corporate lending operations.

Embedded finance fintech Amount secures $30 million to fuel its expansion into the credit union industry.

Digital banking

Challenger bank Starling Bank launches its first savings account offering 3.25% interest.

Wealth management

Cloud-based wealth management solution provider FusionIQ partners with wealthtech provider interVal to deliver new technology solutions to financial advisors.

Open banking

Open banking payments company Trustly announces strategic partnership with food delivery service company foodora.

Financial literacy

Northern Trust teams up with Greenlight Financial Technology to give its clients access to Greenlight’s finance app and debit card.

Embedded finance

Regtech Kobalt Labs joins the Treasury Prime Partner Marketplace.

Three Finovate alums – ASA Financial, Eko Investments, and upSWOT – earn finalist spots in the 2024 NXTSTAGE Financial Technology Pilot Competition.

Accounting and taxes

Automated accounting and tax solution for “solopreneurs,” Lettuce, raises $15 million in Series A funding.

Fraud and financial crime prevention

Digital identity and fraud prevention innovator Mitek Systems expands its partnership with Alogent.

Photo by Roman Kraft on Unsplash

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FinovateFall to Showcase Innovations in Wealthtech and Wealth Management

FinovateFall to Showcase Innovations in Wealthtech and Wealth Management
By David Penn Posted on
Categories: Eko Investments, FinovateFall 2024, illuminote, QuAIL Technologies, TIFIN AG, TradingValley, Wealthtech

For the first time, FinovateFall 2024 (September 9-11) will showcase innovations in wealthtech. From AI-powered analysis and decision-making to embedded technologies that are democratizing the world of investing, now is a great time for asset managers, RIAs, and others looking to leverage technology to boost their wealth management businesses.

“Finovate spotlights cutting-edge technology and finserv themes dominating industry news,” Finovate VP and Demo Director Heather Stowell said. “The Great Wealth Transfer has been at the forefront of conversations, and we’re excited to showcase several startups innovating within wealth management and investing.”

Indeed. In its annual survey of wealth managers, Acuity Knowledge Partners noted that the intergenerational wealth transfer was a major opportunity and challenge facing asset managers. Additionally, survey respondents also expressed a desire for comprehensive solutions for estate, tax, and retirement planning. Growing revenues via customized research offerings was also mentioned as a goal, along with managing costs while embracing digitalization and new, enabling technologies like AI.

Below are six companies offering wealthtech solutions this year at FinovateFall 2024 in New York. For more on our wealthtech offering at FinovateFall next month, check out Wealthtech at FinovateFall: Client Centricity and the Rise of Alternative Assets.

Eko Investments

Offers investments to all clients starting from $10, and not just the top 1% via a financial advisor. Headquartered in New York. Founded in 2021. LinkedIn.

GPTadvisor

Empowers financial institutions with AI tools for optimized decision-making, streamlined workflows, and improved client advisory, driving business growth and operational excellence. Headquartered in Madrid, Spain. Founded in 2023. LinkedIn.

illuminote

Enables financial institutions and advisors to authenticate registered client legal estate records with confidence, providing access to authenticated data without expensive tech integrations. Headquartered in Santa Rosa, California. Founded in 2022. LinkedIn.

QuAIL Technologies

Automates processes and increases productivity so organizations can spend less time managing and more time growing. Headquartered in Pittsburgh, Pennsylvania. Founded in 2022. LinkedIn.

TIFIN AG

Uses AI and ML to deliver actionable insights, helping financial advisors make data-driven decisions that boost client acquisition, expansion, and retention, achieving organic growth. Headquartered in Charlotte, N.C. Founded in 2023. LinkedIn.

TradingValley

Empowers companies that adopt its AI investing model that reduces the investing research time for both individual and institutional investors. Headquartered in Taiwan. Founded in 2015. LinkedIn.

Are you an innovative fintech with new technology that’s ready for prime time? Join us in New York next month for FinovateFall and take advantage of the opportunity to showcase your solution before an audience of 2,000+ decision-makers.

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FinovateFall 2024 Sneak Peek Series: Part 1

By Madeline Clines Posted on
Categories: Eko Investments, FinovateFall 2024, FinovateFall 2024 Sneak Peek, Fizen Technology, Further, GenRPT, TodayPay, Union Credit

A look at the companies demoing at FinovateFall in New York on September 9 and 10. Register today using this link and save 20%.

Eko Investments

Eko Investments‘ white-label solution allows 10,000 banks and credit unions to offer digital investing directly on their existing banking platform.

Features

  • Offers digital investing natively integrated into digital banking
  • Supplies pre-made portfolios and self-selection of stocks, bonds, or ETFs
  • Makes end-users feel like they are investing with their FI via 100% white-labeling

Who’s it for?

Banks and credit unions of all sizes.

Fizen Technology

Verify by Fizen Technology is an all-in-one compliance screening platform for banks. Verify consolidates essential checks like KYC and OFAC, simplifying compliance, reducing risk, and enhancing efficiency.

Features

Featured checks:

  • Negative news
  • Politically exposed person (PEP)
  • Secretary of State

Who’s it for?

Banks, credit unions, and fintechs.

Further

Further connects consumers to the best credit unions for their needs, helping them achieve financial wellness and freedom.

Features

Consumers can:

  • Access pre-approved offers and funds easily
  • Monitor their credit score for free
  • Receive personalized financial insights and recommendations

Who’s it for?

Gen Z and Millennial consumers (21 and above).

GenRPT

GenRPT is an AI-driven insights and reporting platform that allows users to generate visual reports from databases in plain English, supporting SQL, Excel, PDF, CSV formats, and more.

Features

  • Connect to any database – structured or unstructured
  • Interact in plain English, without any prior technical knowledge
  • Generate visual reports in seconds on the go

Who’s it for?

Banks, insurance companies, NBFCs, individuals, CXOs, CDOs, CIOs, asset management companies, payment providers, and SMEs.

TodayPay

TodayPay is the world’s first instant payments network and inventor of Refunds as a Service, giving merchants an alternative payment method to issue instant refunds to customers.

Features

  • Offers a cheaper refund payment method to credit cards
  • Issues refunds instantly (average time of 26 seconds for consumers to receive refunds)
  • Allows consumers to choose refund payment methods, including cashback

Who’s it for?

Merchants, retailers, brands, marketplaces, insurers, card issuers, and logistics companies.

Union Credit

Union Credit is the pioneering marketplace for credit unions, enabling them to offer one-click loan options to new members within their daily activities, thereby boosting new member acquisition efforts.

Features

  • Allows credit unions to set product specific funding limits, marketing spend limits, lender underwriting criteria, rates, and more
  • Supports all consumer loan products
  • Captures census tract data on consumers for CDFI tracking

Who’s it for?

Credit unions and community banks.

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