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Tracking fintech, banking & financial services innovations since 1994
After nCino’s impressive initial public offering this week – the largest, one-day gain for a U.S.-based tech IPO since the Dot Com Days – everyone now will be able to name at least one Finovate alum from the great state of North Carolina.
But there’s more to Carolina fintech than nCino. Among Finovate alums alone there are at least a dozen other companies from the Tar Heel State whose innovations in and contributions to fintech are also worth noting.
Core banking specialist Zenmonicslanded funding from its long-time partner FIS this week. The amount of the minority investment, along with other terms of the agreement remain undisclosed. This marks Zenmonics’ first round of funding; prior to the closing of this week’s investment Zenmonics was 100% company-owned.
The North Carolina-based company will use the funds to further its growth and burgeon capabilities of its channelUNITED platform. Riaz Syed, founder and CEO of Zenmonics said that the investment enables the company “to grow innovation and delivery capacity for our current clients, while also extending our reach in the market.”
Aimed to offer a consistent user experience across multiple channels, Zenmonics’ channelUNITED is an omni-channel solution that adapts and expands to each individual banks’ pace. The system places clients and associates on a common system to unify digital, sales, service, origination, and teller platforms.
Founded in 2007, Zenmonics has more than 200 employees. At FinovateFall 2016, the company debuted channelUnited. Earlier this week, Zenmonics earned a spot on the 2018 IDC FinTech Rankings for the second year in a row.
FIS most recently demoed at FinovateFall 2016. The company debuted its Cardless Cash solution that provides a fast, secure option for sending and picking up cash at any ATM. Headquartered in Florida, FIS serves more than 20,000 clients in more than 130 countries.
In the meantime, here is a quick summary of the 66 announced companies (six more are in stealth mode). It’s a lot to take in; pace yourself!
Agreement Expressoffers an an end-to-end platform that helps traditional financial institutions automate labor-intensive parts of the customer onboarding process to remain compliant while quickly opening customer accounts.
Aleo’s marketplace uses e-procurement, e-commerce and supplier financing bundled in a single open platform to offer small and medium enterprises an online procure-to-pay solution.
AutoGravity’smobile-first digital marketplace helps digitally minded customers, looking to buy and finance a vehicle, circumvent the inefficiencies of the auto-financing process by leveraging the full potential of their smartphone.
Avoka’scustomer-acquisition platform integrates multiple fintech services to help banks, wealth managers and insurers use mobile and digital channels to onboard customers.
Backbaseoffers 60-second onboarding for financial services companies to accelerate customer acquisition with a simple, fast, and seamless omnichannel onboarding journey.
Bankjoyoffers developers a banking API for a modern, real-time, holistic interface for credit unions and community banks.
Bitbond’sautomated, international credit-scoring mechanism compares small business-loan applicants from different countries by using machine learning and data from the applicant’s business accounts.
Bluescapeoffers large financial services companies a highly interactive, visually collaborative platform that uses real-time, cloud-based architecture that’s ultra-scalable, all-capturing, and accessible anytime from any device.
BondIToffersfinancial advisers and portfolio managers a data-driven solution that uses machine learning advanced algorithms to manage fixed-income portfolios and solve optimization challenges.
brandCrowderhas developed an alternative investment platform focusing on branded franchises. It leverages 45+ years of franchise-operations experience to help retail investors finance franchises, helping to bring them to market quicker.
Clinc’smobile, voice-activated personal financial adviser uses artificial intelligence to help consumers get answers to financial questions and tasks.
Consdataoffers banks and financial institutions a comprehensive platform for e-form management and customer-communication complexities.
Currencycloud’s dedicated API services use intelligent APIs to help businesses with the cost, limitations, and boundaries of existing payment infrastructure.
Daonbridges convenience and securitybyofferingfinancial services companies a mobile biometric authentication platform that turns a smartphone into a mobile capture device.
Divy’s app and social investing community uses an approachable interface and engaging content to help first-time and emerging investors access direct marketing and financial literacy material.
Dynamicsoffers issuers and their cardholders interactive payment cards and an authorization-based, real-time loyalty processing system.
ebankIT’s platform offers financial institution clients an omnichannel experience.
Econiq’sConversation Hub uses color-coded conversations to help bank and insurer frontline staff, and operational management and executives avoid disconnected customer conversations in branches and contact centers.
Envestnet | Yodleeoffers millennials a solution for measuring financial health and promoting a healthy financial lifestyle.
ExperianCrossCore is a single platform that helps manage customer identities, fraud-prevention tools, workflows and decision strategies in an easy-to-use and scalable format.
EyeVerify’sEyeprint ID offers banks and other financial services companies eye biometrics via smartphone cameras for convenient, secure and private authentication.
Featurespace’sARIC Engine helps financial services clients spot and prevent fraud attacks in real time using adaptive behavioral analytics.
Finicityoffers an API for companies to build financial apps.
Fiservhelps financial institutions enable social finance by providing customers access to a safe, collaborative bank-secured social funding product.
Full Profileuses the blockchain and smart contracts for real-time settlement and reporting of physical agri-commodities to help farmers, buyers, banks and government counter party and credit-risk exposures.
FutureVault’scloud-based filing cabinet helps financial service providers and their clients organize asset documents and accounts using a secure, structured and collaborative B2B2C cloud environment.
GainX’sSaaS platformuses decades of market research and leading-edge technology to help large financial institutions overcome innovation and adaption failures.
GoodDatahelps large banks, credit-card processing and insurance companies commercialize and monetize their data using a scalable, manageable and secure platform that is exclusively designed for data products and embedded analytics.
iBank Marketingoffers millennials a multifunction digital wallet to help them achieve personal goals around life events by using its local eco-system that bridges consumers and small- to medium-sized enterprises.
identitiiuses tokens and blockchain to help financial institutions with KYC, CTF and AML compliance using an information layer over legacy systems.
InSpirAVE’s social e-commerce platform curates advice and financial support from the user’s friends and family, financial institutions, and merchants. It helps multiply savings, for big-ticket purchases for customers who otherwise may not be able to afford them, by placing important goals for life’s special moments within reach, without the crushing burden of debt.
KORE’splatform transforms enterprise applications, online banking and mobile apps into personalized, conversational engagements to help financial institutions meet customer-experience expectations using the power of bots and simplicity of messaging.
LendingFront’slending platformleverages a cloud-based system that furnishes small businesses with capital using their cashflow data.
Lidyaoffers African small- to medium-sized enterprises access to finance using online receivables-based lending and proprietary credit scoring.
Liferay’sDigital Experience offers banks a richer understanding of customers by orchestrating personalized customer experiences.
M1 Finance places assets held in low-yielding cash accounts intoan asset-linked bank account and intuitive investment platform.
MapD’sImmerse helps quantitative hedge fund and asset managers query datasets with billions of rows in real-time by applying the parallel processing power of GPUs to the challenges of databases, visualization and analytics.
MarketX’scross-border investment platform helps international investors with the lack of liquidity for U.S. startup shares and limited access to U.S. pre-IPO investment opportunities.
ModoPaymentsoffers financial companies a digital payments hub to connect disparate sources of value to diverse destinations using Modo’s COIN technology.
Moonraft Innovation Labshelps banks innovate and evolve by rapidly adapting to changing market needs using Catamera, its unique customer experience delivery framework.
Moven’sgrowing platform reaches the millennial, mobile first, digital native audience by bringing banking (specifically savings) into the moment.
MXhelps financial institutions become true advocates for their account holders by using analytics to power a revolutionary category of data-driven money management.
nanoPayoffers a payments and loyalty solution for merchants.
Overbond’sdigital platform offers transparency, efficiency, and liquidity in the fixed income market for corporate issuers, investors, and dealers.
Personeticsoffers financial services providers a digital personalization platform that uses real-time, ultra-scalable predictive analytics to keep customers engaged in the digital age.
ProActive FinTechuses a phone app and debit card featuring unlimited mini bank accounts and pre-purchase categorization to help millennial moms withcash-flow management.
QE Dataoffers commercial banking systems a real-time predictive model for net cash-flows that uses machine learning, rich visualization, speedy deployment and real-world banking experience.
Qumramuses 100% real-time, video-like recording of every mouse movement, keystroke and button click to help financial services organizations with compliance and transparency issues relating to digital business.
RightCapital’sfinancial and tax-planning platform helps advisers deliver unbundled, quality financial planning and tax-planning services. It works to efficiently and digitally help consumers with the lack of viable business and technology solutions.
SaleMoveoffers financial institutions a live engagement platform to help sell and service complex financial services products online. The platform uses instant video chat and guided browsing with no downloads or installations.
Sindeo’sself-directed consumer rate quote and prequalification tool simplifies home financing and refinancing using an integrated platform that offers consumer, real estate partner, and adviser tools that conform to CFPB regulation and ensure a simple and easy consumer experience.
SpeechPro’scustomer onboarding solution offers multichannel access to help CTOs, developers and other technologists focus on KYC, identity and verification.
Swych’smobile gifting platform offers gift-card recipients a better way to buy, gift, and manage gift cards.
Tango Card’sRaaS API 2.0 uses simple-yet-complete delivery technology and domain expertise to help enterprises deliver incentives efficiently and effectively.
TokBox’sFinancial Services Accelerator Pack offers banks and financial organizations secure and easy-to-embed, real-time communications technology.
TransUnion’s interactive data-visualization solution uses big data and analytics to connect and interpret consumer financial data for lenders.
Trulioo’sGlobalGateway uses traditional and cyber ID data sources to offer banks, financial services providers, and online marketplaces secure access to reliable, global data sources for instant ID-verification.
Trusona’santi-replay and TruToken technology offers an insured identity platform for sensitive assets.
Unbill’sAPI enables companies to offer bill pay in their app or technology platform without complicated integration or high costs.
Uniken’sREL-ID, a card-not-present approval solution, uses mobile API tool kits and DMZ software appliances to help enterprises secure mobile communications.
Urban FT’senhanced, white-label digital banking platform gives financial services organizations, wireless carriers, and other consumer-facing organizations a long-term, competitive advantage that makes their brand integral to customers’ daily financial and online social activities, financial tools, and social features.
Xentral Station’ssupply-chain funding app helps vendors of all sizes receive cash for trade financing within 24 hours.
Zenmonicsuses a single, common platform tohelpbanks and their customers minimize friction in customer engagement with channelUNITED.
Zoozoffers an agnostic, cross-border payments platform to help merchants act on payment processes and save money to maintain their client base.
Core banking specialist Zenmonics today partnered with Geezeo. The North Carolina-based company will integrate Geezeo’s PFM features into its channelUNITED platform to offer users enhanced budgeting and spending analysis across web, tablet, and mobile interfaces. Financial institutions using DigitalBANKING, mobileBANKER, and Kiosk solutions from Zenmonics will have access to the new PFM capabilities.
Tracey Dunlap, director of digital channels at Zenmonics, noted the value of moving PFM from a separate, standalone tab in an application into a concept that is integrated throughout the entire experience. Dunlop noted that Geezeo “gives us the ability to bring PFM content throughout the application to provide a more natural financial relationship to the user.”
This post is part of our live coverage of FinovateFall 2014.
With the first afternoon session on the first day of FinovateFall 2014 about to begin, here areZenmonics&Diebold. Together they are launching mobileBANKER with Enhanced In-Lobby Terminal.
“The solution pioneers a self-service terminal platform for financial institutions that combines advanced teller transactions with a tablet-based application for effective guided sales, cross selling, servicing, and account opening features.”
Presenting: David Dye (VP Sales, Zenmonics), Shelly Ewing (Director, New Business & Solution Incubation, Diebold)
Product Launch: September 2014
Metrics: Zenmonics is a privately held company; Diebold is a public company with 7,000 employees serving 600 locations
Product distribution strategy: Direct to Business (B2B), through other fintech companies and advice centers