How they describe themselves: Illuma Labs is a fintech innovation company that delivers real-time voice authentication and fraud prevention solutions for credit unions and community banks through our flagship product, Illuma Shield™. Our proprietary solution has been showcased at multiple premier fintech events such as FinovateSpring and FinovateFall. Illuma won Best in Show at VentureTech in 2019, NACUSO’s Next Big Idea award in 2022, and the CreditUnions.com 2022 Innovation Series in the Member Experience category.
How they describe their product/innovation: Illuma has partnered with Glia to bring passive voice authentication into Glia’s Digital Customer Service platform. This enhances Glia’s market leading capabilities for seamless transitions in the customer journey across omnichannel engagement, frictionlessly authenticating customers when they transition into a voice channel. The partnership between Illuma and Glia offers FI members and customers convenient and secure access to their finances with cutting edge voice biometrics from Illuma and industry leading omnichannel customer experience from Glia.
Product distribution strategy: Direct to Business (B2B), Through other fintech companies and platforms
Contacts:
Bus. Dev.: Curtis Manley (Account Executive), [email protected], 214-264-3123
Press: Milind Borkar (Founder & CEO), [email protected], 972-217-7106
How they describe themselves: Jaid is a rapidly growing company that provides AI as a Service (AIaaS) solutions to businesses to automate a variety of use cases, including client service automation, sales automation, payment exception processing, and claims administration processing. Jaid’s technology helps businesses improve operational efficiencies, increase customer satisfaction and retention, improve employee satisfaction, and make data-driven decisions.
Jaid has offices in London and New York.
How they describe their product/innovation: Jaid is an innovative, AI-powered platform that interprets unstructured human communication and transforms it into a structured format that underlying systems can quickly understand and efficiently process. The use case being demoed at FinovateFall solves the ‘curse of the shared mailbox’, a long-standing industry pain for Fund Administrators.
Product distribution strategy: Direct to Business (B2B), Through financial institutions, Through other fintech companies and platforms, Licensed
Contacts:
Bus. Dev.: Ken Dumitt (CRO), [email protected]
Press: Allison Chapman (CMO), [email protected]
How they describe themselves: Inscribe helps companies identify trustworthy and creditworthy customers with the power of artificial intelligence. By automating manual document reviews, Inscribe customers can reduce fraud rates and credit losses while increasing customer win rates and employee efficiency. Founded in 2017, Inscribe is trusted by leading fintechs like Navan, Plaid, Bluevine, and Ramp. Inscribe is backed by Threshold Ventures, Uncork Capital, Y Combinator, Crosslink Capital, and Foundry, and is headquartered in San Francisco, CA. Learn more at inscribe.ai.
How they describe their product/innovation: In this demo, we’ll show attendees how a real Inscribe customer uses Inscribe from initial onboarding through to extending a loan or line of credit. We’ll detail how Inscribe is helping financial institutions:
- Acquire applicant documents during onboarding/account opening, without adding friction to the process.
- Establish trust with fraud intelligence for applicant documents that look perfectly legitimate, but may be fraudulent.
- Lend responsibly and fairly with credit intelligence from documents and open banking providers, like Plaid and MX.
Product distribution strategy: Direct to Business (B2B)
Contacts:
Bus. Dev.: Aidan Davies (Biz Dev), [email protected]
Press: Brianna Valleskey (Head of Marketing), [email protected]
How they describe themselves: interface.ai is an AI leader that specializes in Intelligent Virtual Assistants for financial institutions, revolutionizing interactions, and leading the charge into the era of Interactive Intelligence for Banking.
How they describe their product/innovation: Sphere is the industry-first Generative AI-powered multimodal ChatGPT-like AI assistant for financial institutions. It provides both customers and employees with unparalleled banking experiences.
Sphere for Customers – Replaces online mobile banking with an AI assistant that provides intelligent guidance, innovative plugins, and personalized AI assistance.
Sphere for Employees – Replaces 14-15 applications traditionally juggled by frontline staff, thereby enhancing frontline operations’ efficiency by 10x.
Product distribution strategy: Direct to Business (B2B)
Contacts:
Bus. Dev. & Press: Laura Bryant, [email protected], 650-381-9283
How they describe themselves: At Lucinity, our goal is to leverage technology to create a better world. We are on a mission to make money good by combatting financial crime and empowering compliance professionals to make informed decisions that protect businesses and society. With our state-of-the-art GenAI technology, we are revolutionizing the industry and leading the charge in FinCrime compliance. We invite you to join us on this important journey towards creating a safer and more just world through our innovative solutions.
How they describe their product/innovation: Introducing the Lucinity Copilot – a game-changing tool in the world of financial crime compliance. Our cutting-edge GenAI technology powers this revolutionary solution, streamlining tedious and time-consuming tasks so compliance professionals can focus on making informed, data-driven decisions to combat financial crime. With its impressive skillset, the Copilot can perform internet searches, background checks, fraud detection, sanctions screening and much more. Experience unprecedented efficiency and effectiveness with the Lucinity Copilot – the future.
Product distribution strategy: Direct to Business (B2B)
Contacts:
Bus. Dev.: Daniel Palmason (CCO), [email protected]
Press: Lára Hrafnsdóttir (VP Marketing), [email protected], 354-856-5960
How they describe themselves: Kani provides Reconciliation and Reporting services – automating back office finance processes for banks and fintechs, allowing them to report accurately and fulfil compliance obligations.
Data-agnostic Kani has made a big impact in the fintech and payments space, having reconciled and reported on over €24B in payments data to-date.
Electronic money institutions, BIN sponsors, challenger banks and fintechs are using Kani to do weeks’ of complex transaction reporting and reconciliation work in under 30 seconds.
How they describe their product/innovation: The Kani demo provides an overview of the Reconciliation and Reporting platform.
- Reconciliation: Fully automated reconciliations; assurance that all payments are accurately reconciled, money is in the right place, and exceptions are promptly resolved.
- Compliance: Automating legal, regulatory and scheme reporting requirements, like the Mastercard QMR or Visa GOC Regulatory, legal and scheme.
- Intelligence: The ability to explore data, understand consumer and product behaviour, from cardholder behaviour to transaction risk scoring.
Product distribution strategy: Direct to Business (B2B), Through financial institutions, Through other fintech companies and platforms, Licensed
Contacts:
Bus. Dev.: Marc McCarthy (CCO)
Press: Melissa Beckett (CMO)
How they describe themselves: With our next-generation AI/ML platform, we discover business rules and modernize legacy applications to cloud-native microservices. This allows clients to transition to high-performing cloud-native infrastructures and quickly scale their business, with added security, predictive forecasting, and data protection. Our current customers are primarily in the financial sector, followed by insurance, retail, and government. We are globally partnered with all major SIs – Accenture, Deloitte, Kyndryl, Infosys, NTT, etc. and smaller partners.
How they describe their product/innovation: Discover and modernize your legacy application in under seven minutes. Ionate’s solution to transforming business rules in the legacy system to cloud-native microservices addresses one of computer science’s biggest problems. We have two products that solve this. SOTERIA shows what exists in the legacy system and how to modernize it. It identifies and detects, with increased intelligence, the various technology components of the legacy system and produces a high-level assessment report. APPDATE uses our learning models to execute a custom modernization path.
Product distribution strategy: Direct to Business (B2B), Through financial institutions, Through other fintech companies and platforms
Contacts:
Bus. Dev. & Press: Ionate Sales, [email protected]
How they describe themselves: IDMERIT is committed to the on-going development and delivery of the most cost-effective and comprehensive global identity verification services. Our history lies in data. IDMERIT is comprised of leaders in the data technology sector. On top of validating and authenticating government issued national identity documents such as driving licenses, national ID cards, passports, etc., we connect to official government data sources to verify the identities of individuals and business entities.
How they describe their product/innovation: With IDMlive, you can efficiently and accurately verify the identity of a customer by giving them the opportunity to speak with a live agent. Through a video call, they are able to walk through and get authenticated by multiple forms of ID and documents.
Product distribution strategy: Direct to Business (B2B), Licensed
Contacts:
Bus. Dev. & Press: Ray Weale (COO), [email protected]
How they describe themselves: Illuma Labs is a fintech innovation company that delivers real-time voice authentication and fraud prevention solutions for credit unions and community banks through our flagship product, Illuma Shield™. Our proprietary solution has been showcased at multiple premier fintech events such as FinovateSpring and FinovateFall. Illuma won Best in Show at VentureTech in 2019, NACUSO’s Next Big Idea award in 2022, and the CreditUnions.com 2022 Innovation Series in the Member Experience category.
How they describe their product/innovation: Illuma has partnered with Glia to bring passive voice authentication into Glia’s Digital Customer Service platform. This enhances Glia’s market leading capabilities for seamless transitions in the customer journey across omnichannel engagement, frictionlessly authenticating customers when they transition into a voice channel. The partnership between Illuma and Glia offers FI members and customers convenient and secure access to their finances with cutting edge voice biometrics from Illuma and industry leading omnichannel customer experience from Glia.
Product distribution strategy: Direct to Business (B2B), Through other fintech companies and platforms
Contacts:
Bus. Dev. & Press: Milind Borkar (Founder & CEO), [email protected], 972-217-7106
How they describe themselves: We set out to create a business that achieves three things:
- Build a digital solution that does to AML and regulatory policy and procedures what music streaming services did to CDs – Cerebro
- Provide our clients with the benefit of our experiences of having successfully navigated regulatory and AML transformation and apply those to today’s virtual assets regulatory challenges.
- Create a home for experienced professionals combined with nurturing young talent through our LoFT programme.
How they describe their product/innovation: Cerebro is our ready-to-go digital policy solution that enables firms to apply AML regulation to protect consumers without stifling innovation, copy pasting rules, or failing to act due to a lack of timely guidance.
Cerebro cuts through the complexity of onerous registration processes by delivering a normalised set of requirements with jurisdictional variations in a single simple interface. This enables clients to understand what their AML regulatory responsibilities are, with linkage back to regulations.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed
Contacts:
Bus. Dev. & Press: Yas Jaffer (Co-Founder & Partner)
How they describe themselves: We are revolutionising lending, by combining brilliant minds with future-proof technology and innovation. Making the journey more secure, smooth and personal for the customer. And the process more powerful, responsible and streamlined for the lender.
Lenvi is born out of decades of real-world experience honed at the cutting edge of our industry. Our leadership is home to seasoned industry experts and our heritage provides us with an unrivalled opportunity to drive a better future.
How they describe their product/innovation: Lenvi PF1 allows lenders to take back control of their innovation and fulfill the promises of rapid digital transformation. PF1 is unique. It encompasses extremely rich and mature lending functionality and combines a broad, extendible API first-party support. This enables feature toggling alongside fully automated online deployments whilst a React user interface and API allows for an endlessly configurable workflow engine in a compliant secure environment.
Product distribution strategy: Direct to Business (B2B), licensed
Contacts:
Bus. Dev.: Will Ellis (CRO), [email protected]
Press: Faye Peacock, [email protected]
How they describe themselves: Little Blocks is a fintech platform for MSME manufacturers built around industrial IoT data.
Based out of Hyderabad, India, the company was founded in 2022 by alumni of IIT Madras and IIM Ahmedabad and is currently funded by a grant from the Startup India Seed Fund.
The platform facilitates access to risk capital for machinery upgradation making small factories more productive and transparent while minimizing environmental costs.
Our platform is a trust enabler – and trust unlocks value.
How they describe their product/innovation: Little Blocks platform leverages the strength of industrial IoT sensors and blockchain technology to open up access to risk capital for machinery purchase. Every machine is tokenized and the ownership is distributed to the token holders who will have a claim to the underlying cash flows. Instead of paying fixed monthly loan repayments, the manufacturers are billed based on the actual usage of the machine. Using DLT we offer a single source of truth for determining the machine usage and enable automated billing and payments.
Product distribution strategy: Direct to Business (B2B), through financial institutions
Contacts:
Bus. Dev. & Press: Hanu Panchakarla (Co-Founder & CEO)
