FinovateFall Sneak Peek: FI.SPAN

A look at the companies demoing live at FinovateFall on September 24 through 26, 2018 in New York. Register today and save your spot.

FI.SPAN enables banks to provide bank-branded ERP connectors and adapters to their most valuable commercial clients.


  • Opens up the business banking channel of the future
  • Makes banking transactions automated and auditable
  • Manages permissions explicitly and securely

Why it’s great
APIs mean business.


Lisa Shields, CEO and Founder
Shields is the founder and Chief Executive Officer at FI.SPAN, where she leads the company with a dual emphasis on people and product. She is an engineer by trade and an entrepreneur at heart.


Clayton Weir, Co-Founder, Chief Strategy Officer
Weir is the co-founder and Chief Strategy Officer at FI.SPAN, leading product strategy, partnerships with ERPs, and marketing.

Finovate Alumni News


  • Diebold Nixdorf Receives $650 Million Capital Commitment.
  • Mint Brings User Interface into 2018.
  • A Framework for Your 2019 Fintech Strategy.

Around the web

  • Mitek announces departure of CEO Jim DeBello.
  • The SaaS Report recognizes bpm’online CEO and managing partner, Katherine Kostereva, as one of its Top 50 SaaS CEOs of 2018.
  • ACI Worldwide integrates with tax filing technology firm, SPAN Enterprises.
  • Modo teams up with Etihad Airways to build loyalty solution for airline industry.
  • Vera welcomes Carlos Delatorre as CEO.
  • Temenos launches Temenos Learning Community Engine.

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


  • Xero Teams with DBS on Small Business Account Feeds.
  • Zopa Boosts Executive Ranks with Trio of C-Level Hires.
  • SoFi’s Choice: Former Twitter COO Anthony Noto to Take Helm as New CEO.
  • Trulioo Launches KYC Tool to Connect MNOs.
  • Juvo Receives Investment from Samsung to Boost Smartphone Usage Among Underbanked.

Around the web

  • Atomico uses Quid for the 2017 State of European Tech report.
  • Bobsguide interviews Lisa Shields, CEO of FI.SPAN.
  • Thomson Reuters unveils Wizcorp, a digital gateway that will provide customers with data on more than 1.8 million Indian private companies.
  • FICO partners with European regulatory risk analytics consultancy, 4most.
  • Finastra announces new partners to its open architecture.

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.

FI.SPAN Partners with Beanworks to Build B2B Payments Hub

Financial services management platform FI.SPAN inked a new partnership this week with Vancouver, British Columbia, Canada-based Beanworks to build a “world-class business-to-business payments hub.” The new BeanPay platform will give Beanworks’ business customers many of the same vendor payment capabilities that banks have. FI.SPAN will provide pre-integrated third party fintech solutions into the hub, and will manage payment processing via “strategically curated API connections.”

FI.SPAN CEO and founder Lisa Shields praised the combination of Beanworks’ accounts payable automation UX and a “very modern portfolio of payment services.” She said, “Beanworks believes in our vision of sharing modern business services within the corporate customer’s primary business applications.”

Calling manual reconciliation and file transfer “no longer acceptable,” Beanworks CEO Catherine Dahl said, “Our mission is to make the life of the treasurer easier.” Beanworks is cloud-based AP software – integrated with most common accounting platforms such as Intuit Quickbooks, Microsoft Dynamics, and Xero  that automates invoice data entry and invoice-to-purchase matching. Beanworks is also the AP automation provider of choice for Sage accounting and business management solutions. “FI.SPAN’s solution enables us to immediately and profitably extend our AP workflow through to world class payment capabilities,” Dahl said.

Founded in 2016 and headquartered in Vancouver, British Columbia, Canada, FI.SPAN demonstrated its platform at FinovateFall 2017. The company’s technology enables banks and other FIs to deploy new business banking services and products, leveraging RESTful API endpoints to give FIs the ability to decide specifically which and how different products and services are available over different channels. FI.SPAN also provides pre-built connectivity to leading ERP platforms, empowering banks to use ERP as a channel for corporate customers. Read our profile of FI.SPAN from this fall.

FI.SPAN Enables Banks to Maximize the Opportunity of Open Banking

Helping banks and other financial institutions manage the myriad third party fintech solutions available to them will only become more necessary as the open banking revolution takes hold. And that’s where companies like FI.SPAN come in. The firm, which made its Finovate debut earlier this year at FinovateFall, provides a cloud-based, API services management platform for FIs that allows them to rapidly deploy a wide variety of business banking solutions to their corporate customers.

Based in Vancouver, British Columbia, Canada, FI.SPAN lowers the time and cost to innovation for banks, as well as increases transactional revenues. The solution helps banks open up a new business banking channel via accounting and ERP apps which, in the words of FI.SPAN CEO Lisa Shields, “embed(s) your brand and your products into your client’s daily workflow.” FI.SPAN also enables banks to leverage any third-party fintech “under your brand and under your control and with no IT projects required.”

FI.SPAN co-founder and CEO Lisa Shields demonstrating her company’s cloud-based bank API services management platform at FinovateFall 2017.

A full, API banking system in its own right, FI.SPAN gives banks the ability to automatically control and specify which products and services are delivered and which channel is used. The company curates and pre-integrates third party apps technologies that FIs can use alone or in combination with their own solutions, and provides pre-built connectivity to major mid-market and enterprise ERP platforms. FI.SPAN currently has plug-ins for QuickBooks, NetSuite, SAP, and has many more under development.

“We believe banks can extend their brand into their customer sites,” Shields said. “(Banks) can as easily leverage fintechs as be leveraged by them, and have an opportunity to exchange rich data with their customers and become the trusted custodians of that data.”

Company facts

  • Founded in 2016
  • Headquartered in Vancouver, British Columbia, Canada
  • Has 15 employees

Recent headlines for FI.SPAN include earning recognition as a CIX Top 20 company, and being chosen to participate in the start-up pitch contest sponsored by the Canada FinTech Forum – both in October.

We met Lisa Shields (pictured) and company Chief Strategy Officer and co-founder Clayton Weir at FinovateFall 2017. We followed up with a few questions by email. Below are our questions and Ms. Shields’ responses.

Finovate: What problem does your technology solve?

Lisa Shields: FI.SPAN is reimagining the business banking experience. We provide banks the ability to deliver any service directly to its business customers via accounting and ERP applications.   

Finovate: Who are your primary customers?

Shields: FI.SPAN’s primary customers are regional and middle-market banks. These banks have outdated online banking interfaces and are struggling to provide the value-added services that their business customers are demanding. While fintech startups are well positioned to create compelling payment, lending, and analytic user experiences, banks are best positioned to deliver them. FI.SPAN enables banks to leverage any fintech service and deliver all of its services through the customer’s preferred application environment.

Finovate: How does FI.SPAN solve the problem better?

Shields: FI.SPAN powers true collaboration between banks and fintech companies. It’s an API marketplace for banks to select and offer the solutions their customers have come to expect, without requiring any IT projects since FI.SPAN pre-integrates all fintech components. Also, our platform centralizes all aspects of third-party service management, including transaction monitoring, limits and risk policy adherence and exception handling. 

A look at the FI.SPAN dashboard which features pre-integrated, best of breed fintechs for services such as lending and analytics.

Finovate: What in your background gave you the confidence to tackle this challenge?

Shields: Prior to starting FI.SPAN, I founded and built a global payouts company over 15 years. That experience provided me with an appreciation of what operating a regulated business entails and what treasurers and CFOs are looking for from their transactional services providers. As a veteran of the fintech industry, I was able to identify the opportunity emerging between fintech companies and banks. I also saw the hurdles banks were facing when it came to providing their customers with the services they needed, and I knew that FI.SPAN could be the solution.

Finovate: What are some upcoming initiatives from FI.SPAN that we can look forward to over the next few months?

Shields: We have gone live with our first customer this fall and are working on some very exciting bank pilots with both large and small financial institutions across the continent. Our product capability and partner catalog are both rapidly growing, and you will start to see announcements of multiple new product lines including lending, onboarding and accounts receivable.  

Finovate: Where do you see FI.SPAN a year or two from now?

Shields: Selling to banks has a long sales cycle, and we expect to reap the rewards of seeds we have been sowing with our bank partners over the last year. I expect that FI.SPAN will become a very important part of the banking API ecosystem as it continues to become more robust over time. 

CEO Lisa Shields and CSO Clayton Weir demonstrating FI.SPAN at FinovateFall 2017.

Finovate Alumni News


  • AlphaPoint Names New CEO, Plans for New Public Blockchain Network.
  • FI.SPAN Enables Banks to Maximize the Opportunity of Open Banking.

Around the web

  • Thomson Reuters enhances ESG data monitoring capabilities for its Eikon solution.
  • Symphony Software Foundation adds to its Open Developer Platform.
  • Turkiye Garanti Bank, Turkey’s second largest private bank, to deploy customer analytics technology from NICE.
  • Cardlytics taps Jed Murphy as new U.K. Head of Strategy and Innovation.
  • Avoka bolsters executive ranks with two new SVPs, Director of Sales.
  • Moxtra wins spot in Prudential PRU Fintegrate program.
  • Wealth management platform aixigo wins Banking IT-Innovation Award from Business Engineering Forum of the University of St. Gallen in Switzerland.

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.


FinovateFall Sneak Peek: FI.SPAN

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.

FI.SPAN is an API management platform that allows banks to deploy new business banking products rapidly within their customers’ ERPs/Accounting Systems.


  • Creates a new banking channel via ERPs/Accounting Systems.
  • Integrates 3rd party FinTechs with one click.
  • Deploys customized APIs for your legacy systems and services.

Why it’s a must-see
Properly leveraging APIs and third-party service capabilities provide the single greatest opportunity for smart commercial banks to grow their business.


Lisa Shields, CEO
CEO of FI.SPAN and an experienced fintech executive, Shields previously founded the B2C Disbursements platform Hyperwallet, guiding it from inception to over 300 employees.

Check out more previews of upcoming FinovateFall presentations. Visit our registration page to save your spot.