FinovateSpring Sneak Peek: Trusona

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Trusona, the global leader in identity authentication, ensures the True Persona behind any digital interaction. By eliminating all static credentials, authentication becomes safer and frictionless.

Features

  • #NoPasswords, #NoTokens identity-proofing
  • Omni-channel authentication solution available on web, on mobile, in the contact center, and at a kiosk
  • Anti-replay technology ensures people are who they say they are

Why it’s great
Trusona’s brings the world a safer, delightful multi-factor identity authentication experience that can be used at scale within enterprises and with customers.

Presenter

Ori Eisen, Founder and CEO
Eisen has spent the last two decades fighting cybercrime. Prior to founding Trusona, Eisen founded 41st Parameter and was the head of fraud detection at American Express and Verisign.
LinkedIn

FinovateSpring Sneak Peek: Omega Point

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Omega Point provides an AI-assisted Market Aware portfolio intelligence platform that helps investment firms adapt to changing market conditions.

Features

  • Adapt to changing market conditions
  • Better manage the drivers of performance
  • Scale more efficiently

Why it’s great
Omega Point is radically changing the way investment firms manage risk and performance through its groundbreaking AI-assisted portfolio intelligence platform that adapts to changing market conditions.

Presenters

Omer Cedar, CEO
Omer Cedar is an experienced technology leader and engineer with a deep track record focused on risk modeling. His previous firms include: Two Sigma Investments (leading systematic investment manager), BEA Systems, and Ariba.
LinkedIn

Eran Cedar, CTO
Eran Cedar is a seasoned technology executive and software engineer with a stellar track record of growing tech startups. His previous firms include: Angie’s List, Involver (acquired by Oracle), and Oracle.
LinkedIn

FinovateSpring Sneak Peek: Amaryllis

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

The Amaryllis SaaS Platform is a global solution for third party payment models. The company’s modular toolset was built specifically for payment facilitators, marketplaces, ISOs, and financial institutions.

Features

  • Covers everything from onboarding to payouts, including processing, billing, risk and compliance, reconciliation, and reporting and analytics
  • Offers a modular, configurable, and API-driven approach
  • Is acquirer and gateway agnostic

Why it’s great
The platform Amaryllis has created is the only product available in the market today that can fully address the technology, operational, and oversight requirements of third party payment models.

Presenters

Mark Bishopp, CEO
Bishopp is the CEO of Amaryllis and is a global SME in the third party payment space. He has held senior roles with Bank of America Merchant Services and Vantiv.
LinkedIn

Ori Hay, Founder & Chairman
Hay founded Amaryllis and led the platform development from an idea stage. He has extensive payments expertise, having held senior roles in payment processing corporations over the last 20 years.
LinkedIn

Getting a Visual of Trends at FinovateSpring Next Week

We’ll be mid-way through FinovateSpring in less than a week, and many of the trends predicted at the beginning of the year are out in force.

On May 8 and 9, dozens of companies will take the stage to demo their newest technologies. And on May 10 and 11, the conversation continues. We’ll host experts on stage as they decode and decipher tomorrow’s trends and help you not only figure out what they mean for your organization but also offer up implementation ideas. Register today to save your seat!

So what’s at the top of the trends list for this year’s event?

APIs

Europe isn’t the only country with its eye on open banking. Because of the efficiencies they stand to gain, banks across the globe are considering how they can get ahead by creating a more open ecosystem. Additionally, many banks are finding value in buying and integrating white-label technology over building new technology in-house, which is creating a larger market for open APIs and SDKs across fintech.

AI and machine learning

While they’re not the same, these two enabling technologies go hand-in-hand. And it’s no wonder they came out on the top of the trends list at FinovateSpring– AI and machine learning have empowered banks to create technologies that help with everything from automating investing, enhancing marketing efforts, and improving customer service.

Lending

This is always a space worth paying attention to, because there is a lot of money to be made for both banks and fintechs if they do it right, and there’s a lot of money to be lost if they do it wrong. Additionally, with the increasing prevalence of enabling technologies such as the blockchain, AI, and cognitive computing, lenders are discovering improved underwriting, loan issuance, and debt recovery options.


What are you hoping to discover at FinovateSpring next week? Check out our agenda to learn more of what’s in store. Have questions? Visit our contact page to get in touch and we’ll help you out.

Are We Seeing the “Platformication” of Banking?

ALEX JIMENEZ_FinovateSpring 2018

The future [of banking] depends on the customer’s needs, says Alex Jimenez, Vice President Senior Strategist at Zions Bancorporation. Jimenez gives us a snapshot of his views on where the US banking industry is heading ahead of his session at FinovateSpring 2018 about “The platformification of banking, providing customers more choices“.

A couple of years ago, Ron Shevlin predicted that banking would move to become banking platforms “much like how Amazon is a platform in retail.” Usually, it takes a few years for banking executives to latch on to Ron’s ideas.  It’s no surprise then that the idea peppers many strategy documents throughout the US banking industry today.

There are some early signs that the US banking industry is moving towards this future state. While we can point to open banking and PSD2 in Europe, there are significant differences in the regulatory environment between markets that makes such a jump merely speculative. Instead, I point to two separate trends: banks publicly publishing their APIs, and early examples of banking platforms.

Publicly publishing APIs isn’t a new practice, but it is in banking. Without getting into the possible impact of the recent Facebook API controversy, some of the more forward-looking banks in the US have public pages where developers can access their APIs. This practice doesn’t constitute open banking, but a permissioned extension to the banks’ model. A developer applies for inclusion, downloads the API standards, builds experiences around the APIs, tests it in a sandbox, applies for certification, and then deploys with the bank. Some of the US banks that have published their APIs are doing it because they are international, like Citi, Bank of America, Wells Fargo, and Chase. However, there are others that have some international business but are focusing on building a US platform, like CapitalOne and Silicon Valley Bank.

Beyond the banks, companies that form the technology backbone of many community banks and credit unions have also begun to publish their APIs. FIS offers CodeConnect “a centralized fintech hub that gives developers access to the FIS product catalog in one central marketplace.” Similarly, Fiserv offers their DNAappstore “a collaborative community and online marketplace for trying, buying and selling custom DNAapps that enhance and extend the robust functionality of” their DNA® account processing platform.

Further, APIs are a topic of discussion for most bank CIOs, and increasingly throughout the executive suite.

Early adopter US banks and fintech firms have begun to build out partnerships that extend their initial capabilities.  For example, Radius Bank have extended their usual community banking offerings, as they pivot to be a true digital bank, to include services such as Aspiration’s “pay as you wish” checking accounts, Mantl’s account opening, and Prosper’s online personal loans.  Recently, PayPal announced an extension into traditional banking services through partnerships with “a Delaware bank handles debit cards, a bank in Georgia deposits checks that users take pictures of, and banks in Utah offer loans to customers and small businesses.” Other smaller fintech firms, like MoneyLion, have also announced entry into traditional banking products through similar partnerships with banks.

We will see banking-as-a-platform as a regular banking model alongside the laggards in the industry with a traditional model. Ultimately, where the future lies will depend on what resonates with banking customers.

FinovateSpring Sneak Peek: IdentityMind Global

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

IdentityMind Global will be demoing its KYC Plugin that enables companies to perform required KYC and AML checks on ICO participants and highlight that the company is GDPR ready.

Features

  • Directs participants through the entire KYC process
  • Offers a KYC ruleset that meets different countries’ regulations
  • Provides reports to satisfy examiners and regulatory auditors

Why it’s great
IdentityMind Global has worked with 80+ ICO clients in 20 countries evaluating 400,000+ users in nearly 80 countries who contributed more than a billion dollars.

Presenter

Jose Caldera, Chief Marketing Officer
Caldera has been developing and marketing high technology products for the last 20 years. He has developed and marketed products for Securify, McAfee, and IdentityMind Global.
LinkedIn

FinovateSpring Sneak Peek: CUneXus

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

The CUneXus lending and marketing automation platform completely eliminates the loan application, providing Perpetual Approval and instant, integrated loan activation at every banking touchpoint.

Features

  • Ground-up rebuild of the award-winning CUneXus 1-Click lending automation platform
  • Improved user interfaces, APIs, and third-party integrations
  • Faster implementation times and SaaS scalability

Why it’s great
CUneXus’ technology is leveraged by over 75 U.S. financial institutions to provide a truly unparalleled digital borrowing experience, and now averages over $6 million in new loan requests daily.

Presenters

Dave Buerger, Founder and Chief Executive Officer 
LinkedIn

 

 

John Reich, Founder and Chief Technology Officer 
LinkedIn

FinovateSpring Sneak Peak: Kasasa

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

The Kasasa Loan from Kasasa is the only loan that lets borrowers pay ahead to reduce debt and take that extra money back if they need it.

Features

  • Lets consumers borrow money with unprecedented flexibility
  • Features a transparent, mobile application
  • Allows financial institutions to offer an unmatched loan product

Why it’s great
The Kasasa Loan take-back functionality eliminates consumers’ fear of parting with extra money to pay down debt faster and reinforces positive financial decisions.

Presenters

Gabriel Krajicek, Chief Executive Officer 
CEO of Kasasa since 2005, Krajicek has provided more than 800 community financial institutions with disruptive innovations, championing them in their fight for market dominance.
LinkedIn

 

Chris Cohen, Director of Product Management (not pictured)
With more than ten years of industry experience, Cohen leads product innovation projects, using his background in mergers and acquisitions to inform what drives institutions.
LinkedIn

FinovateSpring Sneak Peek: Conversation.one

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Conversation.one is a build-once, deploy-anywhere platform for conversational applications that leverages machine learning (ML) to build and deploy Alexa Skills, Google Actions, Facebook Messenger bots, as well as phone and texting solutions in a few minutes.

Features

  • Scales up automated service and reduces costs
  • Works across channels and devices for chat and voice
  • Leverages ML and crowdsourcing to automatically grow your conversational applications

Why it’s great
Build your overall voice and chat strategy in as little as five minutes.

Presenters

Rachel Batish, CRO and Founder
Batish is the co-founder and CRO of Conversation.one. She is responsible for the company’s sales and marketing strategies and is actively involved in the product’s roadmap.
LinkedIn

FinovateSpring Sneak Peek: Exagens

A look at the companies demoing live at FinovateSpring on May 8 through 11, 2018 in Santa Clara, California. Register today and save your spot.

Exagens’ white-labeled Personal Banker is the industry’s only autonomous AI banking assistant proven to dramatically increase engagement, conversions, and digital sales to retail and SMB clients.

Features

  • Combines social and data science to proactively curate empathetic, contextually integrated journeys
  • Offers seamless integration in 90 days without APIs, and day 1 results
  • Provides new, automated, real-time self-optimization

Why it’s great
Proven results! 11x year-over-year increased sales with 55,000 additional retail and SMB accounts with $400 million in deposits in under 12 months at leading financial institutions.

Presenters

Michael Stojda, President and CEO
Stojda’s passion is building products and businesses which delight customers. His 25+ years of experience includes product management, customer support, start-ups, turnarounds, and taking a U.S. company public.
LinkedIn

 

Jorge Campos, CXO and Co-Founder
Campos guides Exagens’ solution and customer journey design. His 20+ year global fintech product portfolio features a history of delivering results-driven innovation and superior customer experience.
LinkedIn