Finovate Alumni News

On Finovate.com

  • Onfido to Help Crowdfunding Platform Indiegogo Fight Fraud.

Around the web

  • The Technology Transformation Service of the U.S. General Services Administration awards $2 million bug bounty contract to HackerOne.
  • Mortgage Cadence integrates LoanBean’s income calculation solution into its end-to-end loan origination platform.
  • Minnesota-based Glenwood State Bank ($289 million in assets) to deploy Jack Henry SilverLake core banking platform.
  • Avaloq taps former Credit Suisse executive Michael Pahlke as Chief Service Delivery Officer (CSDO).
  • ID.me founder and CEO Blake Hall earns spot on Washingtonian’s Tech Titans 2018: Washington’s Top Tech Leaders.
  • Infosys announces plans to open tech hub in Arizona and hire 1,000 Americans by 2023.
  • PromonTech integrates its POS platform, Borrower Wallet, with GSF Mortgage.
  • Forbes features Tina Hsiao is COO at WePay.
  • Fenergo doubles revenue for 2nd year & expands into new market segments.
  • ISARA partners with DigiCert and Gemalto to develop digital certificates and secure key management for connected devices.
  • Flywire partners with Allianz Global Assistance to enable families to purchase Allianz’s GradGuard Tuition Protection Plan.
  • Trustly’s Pay N Play solution to power Gaming Innovation Group fast-registration and withdrawal feature.

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

On Finovate.com

  • Fiserv Helps Bring Voice Banking to the Aloha State.

Around the web

  • PromonTech to unveil its new income engine, Income AI, next week.
  • PayPal introduces cashflow boosting solution for small businesses, Funds Now.
  • The Paypers interviews Ronnie Millar, PaySend’s Europe CEO.
  • Hedge fund manager John Hempton tells The Australian Financial Review that Xero could become a $100 billion business.
  • Insuritas teams up with 42,000+ member Enrichment Federal Credit Union.
  • Global Finance sits down for a conversation with Tinkoff Bank VP Maxim Evdokimov.

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.

PromonTech Announces Integration with FormFree’s AccountChek

Mortgagetech innovator PromonTech will integrate its point of sale solution Borrower Wallet into AccountChek, the automated asset verification service run by FormFree. Demonstrated live at FinovateFall last year, Borrower Wallet is a shared workspace for mortgage applicants and loan officers that enables them to work collaboratively during the entire lending process. The solution provides a welcoming, digital environment for prospective borrowers, while enabling lenders to close more compliant loans faster by helping improve applicant data quality.

“PromonTech is committed to providing a trusted solution that educates applicants and improves process transparency while also reducing time, cost and risk for lenders,” company CTO Michael Kolbrener said, “Our integration with FormFree furthers both of these goals: it streamlines the borrower experience and delivers accurate asset information, directly from financial institutions.”

AccountCheck leverages augmented intelligence and more than 1,000 proprietary algorithms to provide digital verification of assets, income, and employment. The solution shortens time to close by up to 20 days and has processed more than a million orders for lenders since inception. The technology is also the first asset verification solution accepted by Fannie Mae’s Day 1 Certainty program. With this integration, Borrower Wallet customers will gain Day 1 Certainty in addition to streamlined asset verification and credit decisioning.

“FormFree was designed to streamline the loan origination process and reduce risk by providing better insight into borrowers’ ability to pay,” founder and CEO of FormFree Brent Chandler said in a statement. “Our integration with Borrower Wallet enables PromonTech to instantly complete three verifications – asset, income and employment – in one action that is simple for applicants and more efficient for lenders.”

Part of the Promontory MortgagePath family, PromonTech has had a busy 2018. In March, the company added a number of top executives, including a new chief compliance officer, chief operating officer, and chief product officer. Also this spring, Promontech announced a partnership with Corelogic, which integrated its Instant Merge Credit Reports into PromonTech’s Borrower Wallet.

A member of the HW Tech 100 for 2018 and winner of the Progress in Lending Association’s Innovations Award, PromonTech also partnered with ISGN in May to become the sole POS solution for the company’s MORVision Loan Origination System. Earlier this month, PromonTech’s Chief Business Architect, Susan Tobin, was recognized by HousingWire in its 2018 Women of Influence feature.

Finovate Alumni News

On Finovate.com

  • PromonTech Announces Integration with FormFree’s AccountChek.

Around the web

  • Bpm’online wins multiple honors from the CRM Magazine’s 2018 CRM Market Awards.
  • PayPal introduces streamlined, simpler mobile app.
  • Bank Info Security interviews ThetaRay EVP James Heinzman on the role of machine learning in fighting fraud.
  • CryptoGlobe profiles digital asset transfer startup, Crypterium. See the company demo its technology live at FinovateFall next month.
  • NICE inContact launches new embedded analytics and omnichannel social capabilities.
  • Intuit names Marianna Tessel its new CTO.

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: Promontech

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.

Are you ready for the next generation mortgage journey? PromonTech creates technology that lenders and consumers can use collaboratively, transforming the digital mortgage experience.

Features

  • Allows lenders and their customers to move seamlessly between self-serve and loan officer-assisted processes
  • Offers an easy, visually-appealing drag-and-drop interface
  • Seamlessly feeds the downstream loan origination process

Why it’s great
Promontech promotes data quality and regulatory compliance through visual design, automation, and analytics. The result? A flexible delivery culture that champions velocity and quality.

Presenters

Michael Kolbrener, Chief Technology Officer
Kolbrener has a diverse history creating technology solutions. He builds high-performance teams recognized for their leadership, technical expertise, and delivery.
LinkedIn

 

Tony Pietrocola, Head of Sales
Pietrocola got his start as an Apple Computer Systems Engineer and has founded and grown two successful technology companies in fintech and SaaS software, including vLoan.com and Bridgeline Digital.
LinkedIn