FinovateEurope 2025 Sneak Peek Series: Part 4

By Madeline Clines Posted on February 6, 2025
Categories: Bitpowr Technologies, FinovateEurope 2025, FinovateEurope 2025 Sneak Peek, ID-Pal, MDOTM Ltd, Moonjelly, PayIP

A look at the companies demoing at FinovateEurope in London on February 25. Register today using this link and save 20%.

Bitpowr Technologies

Through Bitpowr Technologies’ latest products, fintechs and other companies can offer embedded stablecoin banking, payments, digital wallets, and card products in a safe, secure, and compliant way.

Features

Issue and enable stablecoin digital wallets to store and secure stablecoins
Process and receive global payments using stablecoins
Issue stablecoin-backed cards to users

Who’s it for?

Fintechs, neobanks, payment providers, and businesses.

ID-Pal

ID-Pal uses 100% AI-powered technology for real-time identity verification and AML screening, ensuring seamless customer onboarding, compliance, and zero access to customer data.

Features

Provides built-in AI document fraud detection
Delivers global coverage and streamlined AML compliance
Offers seamless integration options and full customization

Who’s it for?

Banks, neobanks, community banks, credit unions, payments providers, insurance companies, asset management companies, and financial institutions.

MDOTM Ltd

Sphere, MDOTM Ltd’s investment platform, leverages AI to deliver AI-driven investment insights, portfolio rebalancing at scale, and automated portfolio commentaries to institutional investors globally.

Features

Creates AI-driven investment insights
Provides portfolio rebalancing at scale
Uses GenAI for portfolio commentaries and reporting

Who’s it for?

Investment professionals and decision makers from banks, insurance companies, family offices, and asset and wealth management companies.

Moonjelly

Moonjelly is an enterprise-ready GenAI platform that retrieves information, derives insights, and completes tasks to increase day-to-day efficiency with complete transparency.

Features

Unlocks advanced insights with AI on trustworthy data across industries
Executes tasks in seconds to improve efficiency
Creates dashboards to track ROI and enterprise compliance

Who’s it for?

Small-to-medium-sized financial institutions.

PayIP

PayIP’s AI-powered billing platform optimizes banks’ payment network billing and interchange, providing fast, accurate alerts and insights to uncover immediate cost savings and revenue opportunities.

Features

Recovers and optimizes payment network fees and interchange for banks
Empowers banks to understand their payment network billing and interchange
Benchmarks and analyzes network billing

Who’s it for?

Banks, credit unions, fintechs and payment providers paying fees to payment networks and/or earning or paying interchange.

ID-Pal Forges Strategic Partnership with CLOWD9

By David Penn Posted on September 18, 2024
Categories: Alumni News, Daily news, ID-Pal

Identity verification specialist ID-Pal announced a global strategic partnership with CLOWD9.
The partnership will integrate ID-Pal’s AI-powered identity verification technology into CLOWD9’s payment solutions portfolio.
ID-Pal made its Finovate debut at FinovateFall 2024 in New York.

Fresh off its Finovate debut at FinovateFall this month, identity verification specialist ID-Pal has announced a global strategic partnership with CLOWD9. Courtesy of the partnership, CLOWD9 will offer ID-Pal’s AI-powered identity verification technology via its payment solutions portfolio.

“This strategic partnership will allow CLOWD9 clients to access both a compelling end-to-end identity solution and an AML screening solution with advanced AI-fraud detection capabilities,” CLOWD9 CEO and Co-Founder Suresh Vaghjiani said.

Using a combination of document, database, and biometrics checks, ID-Pal enables businesses to verify the identity of their customers in real-time. Available via API, SDK, or through the Salesforce App Exchange, ID-Pal’s technology detects AI-generated documents, deepfakes, and injection attacks, providing advanced fraud detection without requiring direct access to customer data. ID-Pal also streamlines OFAC, AML, and KYC processes into a single compliant workflow to ensure a comprehensive audit trail.

“We’re delighted to be adding our award-winning identity verification solution to the CLOWD9 technology portfolio,” ID-Pal Enterprise Sales Manager Mark O’Hara said. “Together we can help financial institutions adapt and thrive in a new world of digital payments and enhanced security by democratizing secure, robust fraud prevention tools.”

The partnership with CLOWD9 advances the company’s mission to revolutionize the payment industry through a combination of advanced payment processing and AI-powered identity verification. Founded in 2021 and headquartered in London, CLOWD9 was among the first B Corp certified payments companies. The firm offers a cloud-native, decentralized issuer payments processing platform that serves challenger, consumer, and SME banks; e-wallets and crypto exchanges; virtual and corporate card programs; and more.

ID-Pal is not the only Finovate alum that CLOWD9 has teamed up with in 2024; the company announced a partnership with reconciliation and reporting services provider Kani Payments in June. Like ID-Pal, Kani is a relative newcomer to Finovate, debuting at FinovateSpring last year. Additionally, this week’s news from CLOWD9 comes just days after the company introduced new Chief Technology Officer Paul Hansford. Hansford comes to CLOWD9 after six years as head of software engineering for payment company Thredd.

Founded in 2016 and headquartered in Dublin, Ireland, ID-Pal made its Finovate debut at FinovateFall 2024. At the conference, company CEO and Founder Colum Lyons demoed ID-Pal’s technology that uses “pure AI, not people,” to provide real-time identity verification. In his remarks, Lyons highlighted the fact that many legacy vendors in the space rely as much on people for identity verification as they rely on technology. In contrast, he said, ID-Pal’s 100% AI-powered platform leverages 160+ trusted data sources and 7,000+ identity documents to provide more accurate results and greater efficiency.

Photo by Luciann Photography

FinovateFall 2024 Sneak Peek Series: Part 6

By Madeline Clines Posted on August 22, 2024
Categories: Bud, Eisen, Fin3 Technologies, FinovateFall 2024, FinovateFall 2024 Sneak Peek, ID-Pal, ModernFi, MoneyKit, QuickFi

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

Bud Financial

Bud Financial is a transaction intelligence platform transforming raw financial data into rich actionable insights with added customer context and readable outputs for LLMs.

Features

Link: Connect consumer debt accounts with a phone number
Guide: Provide the best next action to improve financial outcomes
Act: Money-saving actions taken in-app by customers

Who’s it for?

Banks and financial institutions

Eisen

Eisen offers account offboarding solutions for financial institutions, streamlining compliance with regulatory outreach, disbursement, and escheatment requirements.

Features

Save time on a complex process
Stop losing customers
Get proactive to reactivate inactives

Who’s it for?

Banks and credit unions.

Fin3 Technologies

Fin3 Technologies is the modern payment solution to physical checks. Fin3 is a trailblazer in the digital payments space and launched a new payment method, Digital Drafts, based on changes to payment law, specifically UCC 12.

Features

Fin3 Digital Drafts:

Replaces physical checks
Offers all the legal benefits of physical checks but is 100% digital
Integrates with core banking software

Who’s it for?

Banks, credit unions, insurance companies, SMBs, and others using physical checks.

ID-Pal

ID-Pal uses 100% AI-powered technology for real-time identity verification and OFAC screening, ensuring seamless customer onboarding, compliance, and zero access to customer data.

Features

Provides built-in AI document fraud detection
Delivers global coverage and streamlined OFAC compliance
Offers seamless integration options and fully customizable

Who’s it for?

Banks, neobanks, community banks, credit unions, payments providers, insurance companies, asset management companies, and financial institutions.

ModernFi

ModernFi helps banks and credit unions grow, retain, and manage their deposits through the ModernFi Deposit Network by enabling extended federal deposit insurance.

Features

Delivers first fully integrated and API-driven deposit network available to banks and credit unions
Offers first and only credit union focused deposit network
Provides powerful digital experience for depositors

Who’s it for?

Banks and credit unions.

MoneyKit

MoneyKit is a superaggregator, a universal API that intelligently aggregates data from multiple sources, maximizing institution coverage, connection success rates, and connection stability over time.

Features

Supports data from Akoya, Finicity, MX, Plaid, and Yodlee
Offers intelligent routing, data standardization, and enrichment across providers
Provides SDKs for the simplest integration of all time

Who’s it for?

Banks, credit unions, community banks, scaled fintechs, wealth management groups, payment providers, and IDV.

QuickFi

QuickFi is the first and only embedded finance platform in the market for secured commercial equipment lending.

Features

Offers 100% digital, end-to-end borrower self-service, with 24/7 access
Automates credit, contract structuring, business verification, and compliance
Completes transactions in minutes vs. days or weeks

Who’s it for?

Banks, equipment manufacturers, and equipment distributors.