How they describe themselves: In a developing country like Indonesia, where there are 55 million SMEs who are still doing business the traditional way, our aim is to provide business and invoicing tools with payment integration for SMEs to help them grow and drive financial inclusion. We want to make it easy and frictionless for banks and other financial institutions to provide financing for SMEs. With Paper.id, SMEs can issue their invoices digitally and get paid faster via electronic payment methods such as credit card and payment gateway. With our mobile application, they can also check their business performance on the go.
How they describe their product/innovation: Our Supply Chain Financing allows banks and FIs to provide SMEs with instant invoice financing or working capital loans based on the financial performance of the company and its supply chain. Through tight integration between our invoicing app and FI dashboard, the process will be quick and seamless. This is a first in Indonesia where invoice financing is very uncommon for SMEs.
Product distribution strategy: Direct to Consumer (B2C), through financial institutions
Contacts
Bus. Dev. & Press: Jeremy Limman, CEO & Co-Founder, [email protected]
How they describe themselves: PasswordPing is a cybersecurity company focused on compromised credential screening. PasswordPing makes it easy to identify exposed credentials, harden the password layer, and block account takeover attempts.
PasswordPing’s solutions draw from a cloud database of billions of exposed login credentials collected from the Internet and Dark Web. PasswordPing customers leverage the APIs to securely access the database and detect compromised credentials for their users, customers or employees.
With new regulatory pressures and the new US NIST password guidelines, compromised credential screening is becoming a standard in security, not just a nice-to-have.
How they describe their product/innovation: It is estimated that the U.S. consumer banking industry faces nearly $50 million per day in potential losses from credential stuffing cyberattacks. These attacks rely heavily on the reuse of credentials exposed in third-party data breaches.
PasswordPing’s account takeover and credential stuffing solution screens every login to identify compromised credentials and passwords. PasswordPing screening draws from a massive cloud database of billions of exposed login credentials collected from the Internet and Dark Web.
Our financial services customers leverage APIs to securely access the database and detect compromised credentials for their customers and employees.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
Contacts
Bus. Dev.: [email protected]
Press: Kristen Wilson, Media Contact, [email protected]
How they describe themselves: Prisma Campaigns is a smart omnichannel marketing orchestrator designed for financial institutions.
Based on customer data it allows FIs to effectively execute segmented and personalized campaigns through all digital and non-digital channels, providing relevant, personal and contextual offers that increase conversion rates. Prisma uses machine learning algorithms to automatically predict the next best marketing action for any specific customer in a specific context.
We help financial institutions to deepen their customer relationships, improve their share of wallet, and increase loyalty by allowing them to execute effective cross-selling campaigns across all their digital and non-digital channels.
How they describe their product/innovation: We are presenting a new version of the platform. This version and the demo are focused on two main concepts:
- How to close the gap between marketing and sales by letting the FI’s administer from a central place – not just the marketing campaigns, the personalized offers, etc., but also the complete acquisition and onboarding process that follows the interest declared by the customer (by clicking on a banner, for example).
- How to allow the FI to define and deploy the required conversion/acquisition processes for each campaign (online account opening, lend acquisition, credit card application, etc.) with a super-fast time to market and with minimal or no IT intervention.
Product distribution strategy: Direct to Business (B2B)
Contacts
Bus. Dev.: Felipe Gil, CEO, [email protected]
Press: Alexia Ravera, Marketing Lead, [email protected]
How they describe themselves: Orion Business Innovation is a global technology services provider, developing innovative IT solutions for Fortune 1000 companies who seek a competitive edge in the Digital Era. With over 1,800 IT professionals, Orion has 10+ strategic delivery centers of excellence that span coverage in North America, Europe, and Asia.
Our corporate identity is solidly based on a consultative methodology that enables seekers of data, analytics, and cloud technologies with processes and solutions to run their businesses more efficiently and securely. For the past 25 years, we have remained centered and passionate about OUR PURPOSE – to provide the best experiences across a highly collaborative | quality-oriented enterprise.
How they describe their product/innovation: Understanding the need of the industry relies on integration to provide end-to-end services to its customers, Fintechgrate was created by the solutions experts at Orion Business Innovation to handle key systemic obstacles in enabling various touchpoints within the FINTECH ECO-SYSTEM.
Honing the data and integration requirements for each internal | external endpoint, Orion’s Data Validation Framework eases these hassles; providing a more user-friendly method for enabling checks and balances at each stage throughout the data validation process. This ensures the integrity and quality of the data passing to the recipient institution.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Contacts
Bus. Dev.: Satish Kumar, EVP Sales, [email protected], 646-651-6383
Press: Sean Alston, AVP Marketing, [email protected], 732-422-7553
How they describe themselves: MuniRisk was born out of the Fundamental Credit Advisory group at NewOak Capital as a tool to help automate investor reports. After exploring partnerships with data vendors, MuniRisk shifted its focus towards developing the first credit research platform to provide investors with complete municipal market coverage. Currently, the MuniRisk team consists of 7 full-time resources as well as additional support provided by the company’s strategic alliances. MuniRisk has recently been approached by several large investment managers interested in securing enterprise agreements and has been repeatedly endorsed by experts throughout the municipal market.
How they describe their product/innovation: MuniRisk was designed by municipal credit experts and market practitioners and is powered by both its own proprietary data as well as by Bloomberg’s expansive offerings. MuniRisk leverages all of this to provide comprehensive financial, economic, demographic, and operational coverage of the municipal universe, bringing unprecedented transparency to an increasingly credit-sensitive fixed-income market sector. MuniRisk is in a launched stage and is currently available via the Bloomberg Terminal.
Product distribution strategy: Through other fintech companies and platforms
Contacts
Bus. Dev.: James Frischling, CEO, [email protected], 212-209-0858
Press: Charles Ferrando, COO, [email protected]
How they describe themselves: Nordigen helps banks and lenders approve more creditworthy loan applicants using the power of Open Banking. Our solutions include tools for automating income verification and verification of liabilities as well as generating risk-critical insights from account data for scoring models. We specialize in high-performance analytics, including risk-tailored transaction categorization, feature engineering for credit modeling and generating risk scores from account data.
How they describe their product/innovation: Nordigen Report allows banks and lenders to (1) get loan applicant account histories and (2) verify income and other risk-critical insights all in one place. Nordigen Report can be integrated with all major account aggregation or Open Banking APIs and uses industry-proven analytics to generate risk reports.
Nordigen Report has the following use cases:
- more information about “thin-file” customers
- income verification
- verification of current liabilities;
- verification of “red flags” (e.g. gambling, previous debt collection and bailiff cases, frequent cash use, etc.)
- generate new predictive features for credit models
Product distribution strategy: Direct to Business (B2B)
Contacts
Bus. Dev.: Kristaps Drikis, Account Executive, [email protected]
Press: Rolands Mesters, CEO, [email protected]
How they describe themselves: Ocrolus is a RegTech Company that uses Artificial Intelligence to automate underwriting tasks with unprecedented accuracy and confidence. The technology parses financial documents, principally bank statements, with a combination of pattern recognition, crowdsourced data verification and fraud detection. With stunning efficiency, Ocrolus delivers standardized, actionable data that is inputted directly into credit models without the need for human intervention. Ocrolus is a unique solution for transparent analysis and rigorous documentation in credit decisioning.
How they describe their product/innovation: PerfectAudit is a turnkey SaaS for automating the analysis of financial documents. The platform digitizes and analyzes images of bank statements and other loan documents from any institution, regardless of format or quality. E-statements, scans, and even cell phone images are transformed into a 99%+ accurate digital database. From these validated datasets, PerfectAudit generates cash-flow analytics, which serve as cutting-edge credit model inputs. By replacing tedious, imperfect human audits with sharp, AI-driven analyses, PerfectAudit streamlines lenders’ back offices and empowers them to price risk with the utmost confidence.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Contacts
Bus. Dev.: Kevin Bailey, Director of Business Development, [email protected]
Press: Melissa Hougie, Marketing Manager, [email protected]
How they describe themselves: Modelshop is a low-code platform for building analytic applications. Our solution enables business analysts to automate the calculations, projections and analytics currently trapped in spreadsheets or ad-hoc analytic tools. By moving mission critical spreadsheet analysis into an online automation platform, organizations can increase collaboration, reduce data risk and rapidly deliver real-time analytic applications.
Organizations have leveraged Modelshop to optimize credit pricing models, automate risk-based decisions, analyze trading risks and accelerate regulatory reporting.
How they describe their product/innovation: The Modelshop team will demonstrate how an advanced spreadsheet can be rapidly transformed into an online analytic application without coding. Our low-code platform allows business analysts to import data from multiple sources, discover data relationships, create new calculations, create predictive analytics and run financial or risk projections in minutes and without advanced technical skills. The final application can be accessed using Modelshop’s interactive browser-based user-interface as well as integrated with other applications using Modelshop’s real-time REST API.
Product distribution strategy: Direct to Business (B2B)
Contacts
Bus. Dev.: Dan Parker, Chief Commercial Officer, [email protected], 732-261-7312
Press: Tom Tobin, CEO & Founder, [email protected], 973-619-5466
How they describe themselves: RightCapital is a next-generation financial planning software that allows advisors to do more planning in less time with its innovative features. A user-friendly interface and interactive, easy to use features help advisors differentiate their value and simplify the financial planning experience for clients. A rigorous and robust calculation engine generates results quickly and accurately, providing confidence and flexibility for advisors.
How they describe their product/innovation: RightCapital will demo our innovative financial planning solution designed for financial advisors. The demo will emphasize our broad capabilities from budget analysis, balance sheet tracking, retirement analysis, Monte Carlo simulations, Social Security optimization, cash flow analysis, insurance modules, college planning, estate planning and the industry’s first tax planning modules embedded into a true comprehensive planning platform. Our new student loan functionality will also be highlighted. The focus will be to show the life cycle of a client progressing from a prospect, to an entry-level client, then on to a comprehensive planning client.
Product distribution strategy: Direct to Business (B2B)
Contacts
Bus. Dev.: Shuang Chen, CEO & Co-Founder, [email protected], 203-349-2645
Press: Anne Laffin, Director of Marketing, [email protected], 203-533-4193
How they describe themselves: Namaste Credit (NC) is a leading online marketplace for SMB and mortgage loans in India. NC utilizes a patent-pending ML-driven scoring and requirement matching process to efficiently connect borrowers with multiple relevant lenders. Currently over 40 leading FIs benefit from several thousand SMB applications originated on the platform monthly.
Lenders are also licensing NC’s core technology platform on a SAAS basis to automate their credit evaluation process. The platform enables these lenders to significantly lower processing time, reduce manual errors, and utilize deeper analytics. NC is currently processing thousands of applications per month on a SAAS basis as well.
How they describe their product/innovation: Namaste Credit’s AI Video CAM is a new tool that enables users to easily video-capture a credit application and related documents. The tool seamlessly ensures high quality image capture (a big problem in mortgages due to heavy documentation required) from which relevant data is scraped and fed to Namaste Credit’s Intelligence Backbone for advanced credit analytics. The AI Video CAM tool provides a delightful experience to the loan applicant and immediate access to difficult-to-gather paper-based data to the lender.
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
Contacts
Bus. Dev. & Press: Lucas Bianchi, Co-Founder, [email protected], +91 704 211 4854
How they describe themselves: Founded in 2012, NestReady uses big data and machine learning to build the first Total Homeownership Experience where lenders sit at the center of the buying journey. NestReady’s white-label solutions have been powering lenders all over North America to offer the first real end-to-end homebuying experience for their customers. Its cutting-edge predictive analytics model is capable of providing mortgage lenders full visibility into the customer lifecycle, letting them know when clients are ready to buy a property and increasing portfolio retention.
How they describe their product/innovation: Combining consumer behavior analysis, real estate transactional data, consumer psychographics, and other data sources, NestReady uses a machine learning predictive analytics model that provides mortgage lenders actionable insight and automation around the customer lifecycle to take the right action at the right time. NestReady’s Total Homeownership Experience platforms integrate seamlessly on a lender’s website to generate and nurture highly qualified home buyer leads. The business intelligence, predictive analytics, and automation features provide full visibility on a homebuyer’s journey and enable lenders to act precisely when a consumer is ready to make a buying decision.
Product distribution strategy: Direct to Business (B2B), through financial institutions
Contacts
Bus. Dev. & Press: Marcos Carvalho, CRO & Co-Founder, [email protected], 514-358-5362
How they describe themselves: Onfido builds trust in an online world by helping businesses digitally verify people’s identities.
Using machine learning technology, Onfido validates a user’s identity document and compares it with their facial biometrics. The identity can then be cross-referenced against international credit and watchlist databases.
Onfido has received over $60M in funding from investors including Microsoft Ventures and Salesforce Ventures. With offices in San Francisco, New York, London, and Gurgaon, we carry out checks in 192 countries for global customers including Zipcar, Couchsurfing, and Revolut.
How they describe their product/innovation: Onfido’s Facial Check with Video provides added security at the point of new user sign-up. The check, available via Onfido’s SDK, prompts users to film themselves repeating numbers and performing randomised movements. Using machine learning, the short video is then checked for similarity against the image of a face extracted from the user’s identity document. Crucially, the Facial Check with Video detects liveness, so facial checks can’t be spoofed by fraudsters using a stolen photo or identity document.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
Contacts
Bus. Dev.: Rob Connors, New Business & Channels, [email protected]
Press: Niamh Cassidy, PR & Content Manager, [email protected]
