Last month we shared the first round of demoing companies to make the cut for FinovateEurope 2024. With more names on the way, we wanted to take a moment to highlight the return of three alums who will be demoing their latest fintech innovation live on stage in London next month, February 27 through 28.
NayaOne: De-risking innovation and facilitating partnership
A Best of Show winner in its Finovate debut last year, NayaOne offers a secure, Digital Sandbox platform that helps banks take the risk out of innovation, integration, and partnership with fintechs. Financial institutions that use NayaOne’s platform gain single key access to more than 350 technology vendors that are being actively evaluated by banks, a secure digital sandbox environment, and 2.5 billion datapoints to facilitate evaluation and review of new technologies.
NayaOne’s approach allows banks to review multiple vendors simultaneously. This helps them get their proofs-of-concept evaluated faster, saving money and enabling greater integration-induced productivity with less integration-related risk.
Among the company’s 2023 highlights are, most recently, its partnership with market network and technology platform PIMFA WealthTech. NayaOne teamed up with the wealthtech firm last fall to launch a client analytics and profiling tech sprint. The goal of the tech sprint was to explore how both unstructured and alternative data can be used to identity and attract potential clients. The sprint also examined use cases for Large Language Models in client services, such as pre-onboarding.
The partnership with PIMFA WealthTech came in the wake of NayaOne’s securing of the Digital Sandbox tender from the U.K. Financial Conduct Authority last spring. “We believe that our digital transformation platform and synthetic data technology will be a valuable asset in helping fintech companies to develop and test their products more efficiently and effectively,” NayaOne CEO Karan Jain said in April.
NayaOne also announced partnerships with Polymesh, which joined the NayaOne Network in June, and Valley National Bank, which deployed its innovation platform – powered by NayaOne – the previous month.
Headquartered in London, U.K., NayaOne was founded in 2019. The company most recently demoed its technology at FinovateFall in September.
NF Innova: Turning traditional banks into digital leaders
NF Innova will return to the Finovate stage next month at FinovateEurope. The company made its Finovate debut at FinovateEurope in 2014 and was among the alums to participate in FinovateAfrica in Cape Town four years later.
Headquartered in Vienna, Austria, and founded in 2013, NF Innova demoed its FINTENSE Omnichannel Digital Banking Platform at FinovateEurope 2023. At the conference, the company showcased its innovation in personal finance management, leveraging augmented reality to enable users to see their financial data in a new and compelling way.
In addition to augmented reality, NF Innova’s platform automates a number of customer-facing processes, including account opening. In fact, the company notes that firms using its technology have experienced efficiency increases of up to 600% thanks to NF Innova’s end-to-end automation of five different customer facing digital products.
NF Innova also reports faster times in completing common operations ranging from credit card payments to loans, as well as greater efficiency when it comes to orchestrating digital channels and segmentation.
In August NF Innova announced a strategic partnership with proactive mobile app security company Promon. The alliance will integrate Promon’s state-of-the-art technology to enhance security for users of NF Innova’s FINTENSE platform. NF Innova began 2023 by opening the doors on new offices in Čačak, Serbia, to provide workspace closer to where a number of its employees live.
Realmonitor: Helping banks benefit more from the homebuying process
Proptech innovator Realmonitor offers a white-label, AI-based property discovery mobile app designed to help address the specific pain points of the real estate market in Central and Eastern Europe. Because of the way properties are advertised in the CEE, there are often pricing discrepancies and anomalies that make the market difficult for home sellers, buyers, and agents.
Realmonitor brings transparency to this market by featuring all listings on the market from listing sites, Facebook Marketplace, Groups, and other locations. The technology conducts price comparisons to identify the best offers for advertised properties and provides instant push notifications when opportunities arise.
At the same time, banks benefit from an increase in mortgage loan prospects, as well as early engagement insofar as prospective homebuyers have used their whitelabled solution to find their properties.
Last month, Realmonitor won recognition as the most promising Hungarian fintech and Beyond Banking Solution of the Year at the FinTechShow. In its seventh year in 2023, the FinTechshow is an opportunity for fintechs and financial services companies in the country to “discuss digital transformation directions, new technological trends, and challenges.
“The application helps users throughout the entire journey of searching for, buying and selling real estate, and in relation to renovations and maintenance, with a specialist search engine,” Realmonitor founder Péter Faragó said upon receiving the award. “The greatest value of the application is that it helps save time for the user, who can handle everything related to the purchase, renovation, and maintenance of a home in one place, through one platform.”
Interested in demoing at FinovateEurope in London next month? Applications are still being accepted from innovative companies with new solutions that are ready to show. Visit our FinovateEurope hub today to learn more.