FinovateFall Sneak Peek: College Affordability

FinovateFall Sneak Peek: College Affordability

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.

College Affordability is preventing and solving the student debt crisis. Their innovative approach simplifies college funding by creating transparency for families and financial professionals.

Features

  • Provides a customized financial outcomes by college
  • Better utilization of financial resources and student debt structure
  • Attract new clients, retain assets, and improve client experience

Why it’s a must-see
College Affordability improves your client’s experience by providing the financial information they need to make better college funding and student loan repayment decisions.


Presenter

Fred Amrein, Co-Founder & CEO
Amrein co-founded College Affordability with the vision of helping families make better college financial decisions. He is a nationally recognized expert in college funding and student loan repayment.
LinkedIn


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

FinovateFall Sneak Peek: BILLSHARK

FinovateFall Sneak Peek: BILLSHARK

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.

BILLSHARK is a bill negotiation service that utilizes the latest mobile technology to help consumers save time and money on their monthly bills

Features

  • Consumers can easily upload bills in two minutes or less.
  • The service is risk-free. There is no fee if customer does not save money.
  • Saved millions for consumers since April 2016 launch

Why it’s a must-see
BILLSHARK’s new bill reduction API, Shark Connect, enables financial institutions and fintech companies to integrate bill reduction capabilities into their applications. BILLSHARK’s partners can enroll custom


Presenter

Steven McKean, Co-Founder and CEO
Steve is a serial entrepreneur specializing in product and customer acquisition. He exited his prior company, Acceller, in 2014.
LinkedIn

 

Brian Keaney, Co-Founder and COO
Brian is a seasoned product and operations executive. In his prior role at Acceller, he scaled 3 contact centers globally.
LinkedIn

 


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

FinovateFall Sneak Peek: BioCredit

FinovateFall Sneak Peek: BioCredit

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.

BioCredit is a solution available on Smartphones and the Internet, that allows people who need loans, to connect with multiple credit institutions with just one request, and all its through a Selfie!

Features

  • Facial recognition and comparison with social networks photos to prevent phishing
  • Automatic connection with credit bureaus
  • Credit Score with information of Social Network

Why it’s a must-see
Through Biocredit’s technology, people can apply just with a selfie to multiple credit offers increasing the revenues of the entities and making easy and simple the process to consumers! Easy like a Selfie!


Presenter

Oscar Gutiérrez Moreno, CEO – Founder
“I´m an economist and Msc. in Financial Risk, passionate for the technology and business, the credit risk managing is my passion, the best technology my dream, and the good business my purpose!”
LinkedIn


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

FinovateFall Sneak Peek: Mortgage Cadence

FinovateFall Sneak Peek: Mortgage Cadence

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.

Mortgage Cadence’s product, Collaboration Center, delivers on the company’s vision of being the last lending solution their customers will ever need through secure lending communications.

Features

  • Secure multi-party collaboration
  • Built-in messaging and real-time chat feature with time stamps for audit logging
  • Accelerated processing through automated document comparison

Why it’s a must-see
What if lending communications were safe again? Where traditional email falls short, Collaboration Center delivers with a secure, multi-party communication portal.


Presenters

Todd Hougaard, Product Manager
Todd Hougaard is Product Manager at Mortgage Cadence after formerly being the President and Founder of BeesPath Inc., whose ClosingBridge technology was acquired by Mortgage Cadence in 2017. Prior to BeesPath, he was the founder of Ingeo Systems, which was an early pioneer in in the field of SMART Docs, e-mortgages, eSignatures, eNotarization and eRecording. He was also a principal at GreenFolders, a paperless office solution for title and settlement agents, which was purchased by First American in 2011. At First American, he managed the sales operations of the SMS division and went on to launch the Rizolv consumer complaint management business. He is an active member of the American Land Title Association and serves on the Technology Committee. Todd holds a B.S. in Geography from Utah State University.
LinkedIn


Marc White, Sales Engineering Lead
White leads the national technology evaluation team for Mortgage Cadence. With 6+ years of industry experience, his passion for technology-empowered change inspires his work.
LinkedIn

 


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

FinovateFall Sneak Peek: FI.SPAN

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.

Features

  • 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.


Presenter

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.
LinkedIn


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

FinovateFall Sneak Peek: SaleMove

FinovateFall Sneak Peek: SaleMove

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.

SaleMove enables companies to provide an “in-person” customer experience online – leading to increased online conversion, improved customer support, and a better customer experience.

Features

  • Steers agents through more intelligent chat conversations with AI
  • Provides real-time visual context for more relevant support
  • Delivers best-in-class customer experience

Why it’s a must-see
SaleMove’s AI-assisted communication and CoBrowsing solutions provide the relevancy and context needed to exceed customer expectations.


Presenter

Dan Michaeli, CEO
Michaeli is co-founder and CEO of SaleMove, a business that is dedicated to meeting or exceeding the in-person customer experience online.
LinkedIn


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

FinovateFall Sneak Peek: Voleo

FinovateFall Sneak Peek: Voleo

 

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.

The Voleo social trading app enables people to invest together to save money and time while leveraging their collective knowledge to chase higher returns.

Features

  • Smashes the barriers to entry for novice investors: money, knowledge, time and fear.
  • Enables investors to learn from their decisions and gather insights from top performers in real time.

Why it’s a must-see

Leveraging the wisdom of crowds will lead to a better investment experience. Financial institutions can white-label the platform to engage and acquire customers, leveraging the inherent virality.

Presenters

Thomas Beattie, CEO
Thomas is a CFA Charterholder and champion for financial literacy who believes that everyone is capable of investing to create a better financial future.
LinkedIn

 

 

Mark Morabito, Executive Chairman
Mark has over 15 years’ experience in public markets and is also the founder of King & Bay West, a merchant bank.
LinkedIn

 

 

 


Gordon Jones, VP Product

Gordon has over 15 years’ experience in creating new user experiences and software products.
LinkedIn

 

 


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

FinovateFall Sneak Peek: Sensory

FinovateFall Sneak Peek: Sensory


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.

Sensory makes banking apps safer and easier to use with AI technologies, including biometrics and natural language chatbots.

Features

  • Natural language voice user interface for convenience
  • Voice and face biometrics to enable secure transactions
  • Talking avatar for a bank teller in your pocket

Why it’s a must-see

The AI technologies reside on device for convenience, safety/security, and speed. Personal biometric info and data is not sent to the cloud where it might be compromised.

Presenters

Todd Mozer, Founder & CEO
Silicon Valley CEO, serial entrepreneur, and investor. Stanford MBA with successful IPO and M&A exits.
LinkedIn

 

Jeff Rogers, VP Sales


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

FinovateFall Sneak Peek: Mitek

FinovateFall Sneak Peek: Mitek

 

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.

Mitek’s Mobile Verify verifies that the applicant’s ID document is authentic, then the applicant’s bank account is checked and insights are derived to provide valuable lending risk factors.

Features

  • Provides a fully verified profile of applicant
  • Offers a quick and simple applicant experience
  • Enables lenders to verify applicants in real time

Why it’s a must-see

Mobile Verify’s multiple factors of identity verification and risk profiling transforms digital lending into a real-time experience for customer and institution.

Presenters

Steven Craig, Director, Products & Experience – Identity
Steven directs products & user experience strategy for Mitek’s global identity business. He has over a decade of experience in FinTech and and holds an MBA from the Rady School of Management at UCSD.
LinkedIn

 

Sarah Clark, VP, Product & Customer Success 
Sarah combines a proven track record in driving highly complex products to market success with a passion for business growth and product strategy. She holds a BS in Mathematics from Duke University.

LinkedIn

 


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

FinovateFall Sneak Peek: Moven Enterprise

FinovateFall Sneak Peek: Moven Enterprise

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.

Moven is transforming the financial experience. We do this by bringing value to your customers in real-time and driving positive measurable business outcomes for your bank – a true win-win situation.

Partner with Moven and bring to market an app that will help your bank:

  • Increase cross-sell & upsell
  • Drive deeper more trusted customer relationships
  • Help customers spend, save and live better

Why it’s a must-see

Don’t miss the chance to see our revamped Wishlist functionality, all new savings velocity calculator, and chatbot prompter.


Presenters

Morten Kriek, VP EMEA
LinkedIn

 

Ryan Walter, GM Enterprise Delivery
LinkedIn

 


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

FinovateFall First Wave of Presenters Announced!

FinovateFall First Wave of Presenters Announced!

FinovateFall 2017 is approaching quickly and the excitement is building! After a very competitive application process, we’ve hand-picked the most cutting-edge companies to show you the latest tech they have coming out of the shop.

Don’t miss your chance to see the future of fintech debut live. Get your ticket now and save $200 if you book by August 4th.

View the latest agenda.

Space is limited – book by August 4th and save $200.

Book online, call 1 (888) 670-8200, or email register@knect365.com.

Fannie Mae Eases DTI Requirements – Forgetting the Past, or Embracing the Future?

Fannie Mae Eases DTI Requirements – Forgetting the Past, or Embracing the Future?

This past Saturday (July 29), Fannie Mae implemented a change that’s been in the works for several months. Starting now, Fannie will be able to approve mortgages with a debt-to-income (DTI) ratio of 50%, which is up from the 45% limit that had previously been in place. This change will expand the pool of prospective borrowers for the mortgage giant by as many as 95,000 per year.

There are certainly arguments in favor of such a move. As the HousingWire article linked-to above says, a disproportionate number of those new borrowers are likely to be Latino and African American families, who are 1.5 times more likely to have DTI’s above 45%. Business Insider has also pointed out that this move will also allow more millennials to get a mortgage, saying “Student loans are the largest source of debt in the U.S. apart from mortgages. And so, this eased requirement could benefit millennials who are looking to buy their first homes.”

For those who are concerned about an increase in potential defaults, the Washington Post comfortingly tells us, “Using data spanning nearly a decade and a half, Fannie’s researchers analyzed borrowers with DTIs in the 45 percent to 50 percent range and found that a significant number of them actually have good credit and are not prone to default.” (I wonder which “almost 15 years” they looked at?)

If you’re reading this and thinking to yourself that expanding the amount of debt a person can carry and still be approved for more debt is short-sighted, and asking for trouble, you’re certainly not alone. Events like the collapse in 2008/2009 have a way of living long in the memory, and concerns about history repeating itself are completely valid.

This puts mortgage lenders into a tight spot. On the one hand, there is constant pressure to grow—and to grow, you need to issue more loans. To issue more loans, you need more customers, and of course you can’t get more customers if you keep rejecting them. On the other hand, mortgage defaults are costly, and potentially disastrous when they occur en masse.

The answer, to me, lies not in loosening standards, but in looking at metrics that have been previously ignored. This is the era of big data, of AI analytics, of alternative lending, and alternative credit scoring. These are technologies that have been making their way onto the Finovate stage for years, and they are increasingly being pointed at mortgages and real estate. We have access to incredible amounts of data about potential borrowers, we can direct machine-learning algorithms to sift through it, giving us a much more complete picture of a mortgage applicant than ever before. Do the “old” mortgage standards account for our new capabilities? Probably not.

So should the acceptable DTI ratio go up? Yes, at least in some cases. It’s absurd to think that the current system is operating at 100% efficiency, awarding mortgages to all of the people who are “creditworthy,” however you define that metric. But in order to raise it responsibly, it needs to be balanced by other data points and analytics that can point to a clear picture of creditworthiness, a picture that lies outside what the traditional model can account for.

Is Fannie Mae doing this the right way, with a model that will expand their potential customer base without exposing them—and our economy—to more risk? Or have the lessons of 2009 been forgotten (ignored?) by a new wave of executives who are simply looking to boost the bottom line, regardless of potential long-term consequences? Only time will tell, but I hope this is the start of a new credit-decisioning model that reflects our newfound technological capabilities.

Join us at FinovateFall 2017 in New York to see live demos from innovative fintech companies. Mortgage tech and real estate tech will be prominent themes at this year’s show, both during the demos that will take place on September 11 and 12, and the discussion that will take place on September 13 and 14. To register, go to finovatefall.com.