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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
ABN AMRO is updating its Grip app this week by integrating Subaio’s white label subscription management feature for banks.
The integration comes at a time when users are spending more than ever before on subscriptions, especially digital subscriptions such as movie streaming services and cloud storage products. According to the New York Times, consumers spent an average of $640 on digital subscriptions in 2019, up 7% from 2017.
ABN AMRO’s Grip PFM app now leverages Subaio’s subscription management feature that enables users see all of their recurring payments in one place. The tool alerts users of any changes in subscriptions and even helps them cancel subscriptions from within the app. Subaio relies on an algorithm that uses machine learning to detect patterns in frequency, amount, merchant name, and more.
“Since the launch we’ve already seen tens of thousands of Grip users coming in to see their overview and also cancel subscriptions. It’s fantastic to help people get control of their subscriptions,” said Subaio CEO Thomas Laursen.
Today’s partnership with ABN AMRO is Subaio’s seventh bank partnership. Among the company’s other partners are Nordea and challenger bank Lunar. The company has found that the average user has eight different subscriptions, and that the users are saving $253 (€213) every time they use Subaio’s solution to cancel a subscription.
Founded in 2016, Subaio showcased at FinovateEurope 2020. The company has raised $2.4 million and has 20 employees.
“Buy Now Pay Later” may be the e-commerce rage du jour. But if you check in with the team from Inspirave, then you’ll hear about a better way for consumers to spend and save. The New York based company – which we profiled last fall – unveiled its SaveAway platform this week, enabling consumers to benefit from its unique blend of “financial planning with the path-to-purchase.”
“There has never been a better time to see Inspirave’s economically sustainable blueprint, propelled by greater purchasing power, striking such an inimitably strong chord with our growing community of SaveAway users and partners who recognize that what inspires our new-to-market innovations enabling greater financial wellness and social mobility is our steadfast mission to further human potential and prosperity for all,” Inspirave founder and CEO Om Kundu said in a statement.
SaveAway’s unification of micro-saving and social commerce offers consumers a way to save for the things they really value and avoid purchasing these same items with credit and accumulating unnecessary debt in the process. Aided by the insights, advice – and even material support – of friends and family, consumers using the SaveAway platform can leverage the collective wisdom of those who know them best and care about them the most to help them make financial decisions that are as responsible as they are affordable.
Miguel Sanchez and Philip Shearer, co-founders of diversity-focused accelerator MetaBronx, praised both the Inspirave’s innovation and its approach to spending and saving. “What made the SaveAway platform stand out in the top six companies chosen in 2020 derived from the breakthroughs in Inspirave’s patented technology as much as its novel operating model, pointing to the massive impact SaveAway is moving forward to uniquely deliver,” they said.
The company noted in its statement that those who signed up for Early Access to the SaveAway platform are eligible for a variety of bonuses, including referral credits and entry into a sweepstakes for a $1,000 contribution toward the winner’s SaveAway purchase-goal to be paid by the company. More than 12,000 people have signed up for Early Access to date.
Named a a Top Fintech Forward Company to Watch by American Banker and BAI, and A Finovate alum since 2016, Inspirave is headquartered in New York City.
What’s to like about FinovateFall Digital, our all-digital fintech conference starting Monday, September 14th and continuing through Friday, the 18th? A CEO from one of our demoing companies pointed out that one of the special things about this fall’s conference is that because the FinovateFall is all-digital, it enables people all over the world to participate as virtual attendees.
With this in mind, we wanted to use this week’s Finovate Global to highlight those companies from outside the United States that will be demonstrating their latest fintech innovations as part of our annual autumn event. Here’s hoping they bring a few friends from across the border – or from over the sea – to digitally join us!
Cinchy – Toronto, Ontario, Canada. Provides a real-time data collaboration platform to solve data integration, access, governance, and solution-delivery challenges. Finovate Best of Show Winner. Founded in 2014.
DQ Labs – Bangalore, Karnataka, India. Offers a unified suite of modules that enables companies to unlock the value in their data to gain new insights. Founded in 2019.
Horizn – Toronto, Ontario, Canada. Helps banks and financial institutions dramatically increase digital adoption. Finovate Best of Show winner. Founded in 2012.
Mostly AI– Vienna, Wien, Austria. Enables companies to unlock privacy-sensitive data assets while protecting privacy. Founded in 2017.
Payever – Hamburg, Germany. Offers a Commerce Operating System to help entrepreneurs start, run, and grow their businesses. Founded in 2013.
ScientiaConsulting – London, U.K. Leading fintech consulting and development firm in Europe. Founded in 2010.
Join us next week for Finovate’s latest all-digital fintech conference. Visit our registration page today and save your spot at our live and On Demand event.
Digital Currency Comeback?
Back in January Finovate Global took a look at the growing case for national digital currencies. We highlighted initiatives in countries as different as India and Japan, and underscored observations from Christine Lagarde (former head of the IMF and current president of the European Central Bank) in her address, “The Case for New Digital Currency”.
Now Ms. Lagarde is back in the news hinting at a near-term resolution to the question of a digital euro. In a speech this week at the Bundesbank’s conference on digital banking and payments, Lagarde argued that Europe must be wary of falling behind when it comes to the development of digital payment options, and that consideration of a national digital currency needs to be a part of that conversation.
“The Eurosystem has so far not made a decision on whether to introduce a digital euro,” Lagarde said. “But, like many other central banks around the world, we are exploring the benefits, risks, and operation challenges of doing so.” Lagarde added a taskforce on development of a digital euro is expected to release its findings “in the coming weeks.”
Open Banking All Over the World
We recently investigated the prospects for open banking in Australia. This week we share an overview of the state of open banking in Switzerland courtesy of Fintech Zoom’s Jung Min-Seo.
“Europe may moderately declare to be the cradle of open banking,” Min-Seo wrote, “however in contrast to within the E.U. the place members are obliged to implement PSD2, a directive meant to opening up cost transactions to non-banks and promote competitors, Switzerland has no such regulation in place.”
TechWire Asia looks at how Amazon is leveraging its relationship with India to grow its fintech offerings.
Proving that cash is still alive in India, RapiPay, a subsidiary of Capital India Finance, will install 500,000 micro ATMs in the country over the next two years.
Latin America and the Caribbean
Caribbean-based fintech WiPay teams up with Mastercard to expand digital payments in the region.
Austria’s Paysafecard announces expansion into Mexico.
Mexican fintech Ubank, which offers an automated savings solution, plans to expand to the United States.
Asia-Pacific
Revolut goes live in Japan.
Onfidobrings ID verification to migrant worker e-marketplace, MyCash Money, which serves workers in Malaysia and Singapore.
Backbasepartners with Vietnam’s Tien Phong Commercial Joint Stock Bank (TPBank) to speed the institution’s digital transformation.
Sub-Saharan Africa
Nigerian fintechs Opay and PalmPay, along with South African e-payment firm, Yoco, are the only three Africa fintechs to earn spots on CB Insights’ 2020 Fintech Top 250.
Ozow, a digital payments company based in South Africa, launches its new payments platform.
Nigeria’s Sparkle announces plans for digital distribution of insurance solutions.
Central and Eastern Europe
Blockchain analytics firm Chainalysis praises Ukraine as the country with the greatest rate of cryptocurrency adoption in a new report.
Hungarian biometric payment startup PeasyPay announces plans to expand to Spain and the U.K.
Balkan Insight reviews the fintech ecosystem in Croatia.
You know that buy now, pay later (BNPL) has jumped the shark when even Cosmo is writing about it. After all, BNPL is basically millennials’ way of reverse engineering the layaway programs their parents grew up on.
Not only have we recently witnessed new fintechs launch their buy now, pay later technology, we’re seeing a large increase in incumbent players expand their existing services to include BNPL offerings, as well. Just yesterday, Fiservannounced its BNPL payment option in partnership with QuadPay, and today Standard Charteredpartnered with Amazon to offer installment payment plans for customers in the UAE.
While each of the now dozens of BNPL schemes operate a bit differently, most allow the consumer to split up a purchase into multiple installments and repay over a set period of time without incurring interest. As with everything that seems too good to be true, however, negative externalities exist. Here’s a breakdown of the hidden (and not-so-hidden) costs:
The BNPL company
If a consumer makes a purchase and fails to pay one or more of the installments, the BNPL company is generally the one who feels the loss. To mitigate their losses, however, companies generally won’t allow customers to make repeat purchases if they default on a repayment. Not only this, most charge late fees and high interest (some charge up to 30%) to reclaim what they can.
The consumer
The end consumer is always responsible for knowing the repayment arrangement. However, mistakes happen and if the buyer is unable (or forgets) to pay one of the installments, they face multiple costly consequences. As mentioned above, the consumer in default generally faces a late fee. Klarna, for example, charges $35 per month for missed payments. Additionally, while most BNPL offerings are interest-free, some charge high interest on missed payments.
Merchants
Merchants have a pretty good end of the deal when it comes to BNPL. Many offerings allow them to receive the full amount of the buyer’s purchase up-front, and they are not on the hook if the buyer defaults. Some, such as Splitit, allow the merchant to choose a lower fee if they receive the payment as the consumer repays their monthly installments.
The pricing model for merchants vary. Among some of the fees that BNPL companies advertise are: up to 6% plus $0.30 per transaction, 1.5% plus $1.50 per transaction, or 3% plus $1 per transaction.
Banks
While the banks typically aren’t a party to BNPL transactions, these new payment schemes are still costing them. How? Many shoppers are using BNPL to circumvent credit cards, which charge compounding interest each month. For users that are in the habit of financing large purchases, it makes more sense to pay for the purchase over the course of four months, interest-free, than to incur credit card debt by only paying the minimum balance.
Independent lockbox and electronic payments provider CheckAlt has acquired software and engineering company U.S. Dataworks from The Bankers Bank of Oklahoma. Terms of the deal were not immediately available.
CheckAlt CEO and co-chairman Shai Stern put the purchase in the context of upcoming challenges related to the COVID-19 pandemic and the 2020 election. “Recognizing that the U.S. Postal Service is going to be overwhelmed and distracted with mail-in voting and other impediments to normal delivery, we must enable additional solutions for our clients to capture payments on-site, remotely, or through any one of our 13 lockbox processing centers around the country,” Stern said.
“Moreover, between the hundreds of financial institutions that both CheckAlt and U.S. Dataworks serve directly, we now have further reach to offer our full suite of payment solutions which include not only paper processing but as well our Catch! product and card processing services.”
With more than 300 financial institution partners, CheckAlt offers financial institutions and commercial clients a range of lockbox and payment processing solutions. These include a full set of check imaging products that provide consolidated item processing across all channels and points of capture: mobile, ATM, and in-branch. The company also offers standard payment processing solutions and services such as credit card processing, integrated receivables, and merchant RDC.
The U.S. Dataworks acquisition marks CheckAlt’s third in six years. The company bought ERAS, a security systems provider, in 2014, and acquired financial services provider Klik Technologies, two years later. CheckAlt’s acquisition announcement comes at the end of a busy summer for the Los Angeles, California-based company. CheckAlt announced an expansion of its partnership with Pawtucket Credit Union ($2 billion in assets) in June, teamed up with Five Star Bank of California ($2 billion in assets) in July, and collaborated with NXTsoft’s OmniConnect to enhance its ability to integrate with credit unions, core providers, and banks.
Founded in 2004, CheckAlt made its Finovate debut last year at FinovateFall. The company demonstrated its LoanPay solution, which enables financial institutions to accept a wide variety of loan payments – from auto and business to mortgage and personal – from their customers. The solution enables customers to use debit, credit, and checking accounts to make both one-time and recurring payments in person, via mobile, or online.
Challenger banks have been slowly making their way into the mainstream banking sector. By offering competitive rates, unique services, and digital-first user experiences, this new breed of banks has disrupted the traditional banking scene, causing some incumbents to rethink their approach.
This certainly seems to be the case with Credit Suisse, a 164-year-old bank. The Switzerland-based firm is steeling itself against challengers by launching its own digital bank, CSX. The new offering aims to be a hybrid approach between challengers and incumbents, and “combines the flexibility and cost effectiveness” of a digital bank with “the comprehensive range of services and expertise” of a traditional bank.
“CSX is intended for all private clients in Switzerland who want to complete their banking business swiftly and easily and who value digital, professional financial advice,” said Anke Bridge Haux, Head of Digital Banking at Credit Suisse. “Of course, we are still available to serve our clients in person. CSX clients can decide for themselves how they want to interact with us, depending on their individual needs.”
In order to serve clients from a range of demographics, Credit Suisse’s new digital bank will be divided into two offerings, CSX and CSX Young. Both take a mobile-first approach, from onboarding to a virtual debit card. Credit Suisse will launch the two accounts at the end of next month. After launching, the app will add services including investments, pensions, and mortgages.
In conjunction with today’s digital banking announcement, Credit Suisse also unveiled plans for a new concept branch that focuses on personalized advice. The bank is piloting the new concept at a new branch in Zurich and is building out the idea with a Digital Bar that offers interactive, personalized advice via video conferencing. Branch locations will also include co-working spaces, multimedia group rooms, and an event zone that can be booked by third parties.
Everyone knows that just because something is digital doesn’t mean it can’t be interactive. Many times, in fact, the opposite is true, and that’s the case with this year’s FinovateFall Digital event.
Not only will the demos and discussion content be on-point, we’ll have lots of focused networking opportunities throughout the five-day event to enable you to make valuable connections Finovate is known for.
But the interactivity at FinovateFall extends far beyond networking. Here are five elements we’ve added to the digital show to make it even more “extra.”
Scavenger hunt
Attendees will earn points by watching content, connecting with attendees, exploring the Central Park map, and finding buried easter eggs. Be sure to attend the right sessions and accomplish all the activities needed to complete the hunt.
Donations
We’ve teamed up with No Kid Hungry as our charity partner for FinovateFall. Because of coronavirus, one in four children face hunger this year in the United States alone. Additionally, with physical school closures, the approximately 30 million children on free or reduced-fee school lunches will struggle to find a warm meal every day.
If 200 attendees donate just $25, we’ll meet our $5,000 goal for FinovateFall and No Kid Hungry.
Finshape
Public health officials say that exercise — while undoubtedly crucial under normal circumstances — is essential to your physical health and mental well-being during the COVID-19 pandemic. So as part of the event next week, we want you to take the time to focus on your health and fitness.
We’ve built in hour-long lunches and ended content by 4pm each day to make sure you still have time for your healthy habits. Track your total health and fitness minutes per day for the chance to win a raffle prize. Plus, exercising will also earn you points for the scavenger hunt.
On Demand content
While immersive, thought provoking and insightful, let’s not forget about the lighter side of events, too. The on demand exclusive content we’ve put together for the event explores the fun side of demoers, speakers, and attendees. Hear everything from their thoughts on industry trends to their favorite Halloween costume. The quick videos are not only informative, but also entertaining.
One of my favorite sayings popularized by the current Democratic Party candidate for president is “don’t tell me your values. Show me your budget.” The implication is that, at the end of the day, talk is cheap. Show me how you actually spend your money, and I’ll learn all I need to know about what matters to you and what does not.
By that metric, the news that Dutch fintech and Finovate alum Ohpen has acquired Saas-based, crossborder mortgagetech Davinci tells us quite a bit about what what the Amsterdam-based cloud core banking engine maker thinks about the importance of expanding beyond its competencies in savings, investments, loans, and current account products.
“We are a growing company with huge ambitions,” Ohpen CEO Matthijs Aler said. “Together, we intend to lead the charge in directly challenging incumbent providers with outdated technology. Our mission is – and always has been – to set financial institutions free from legacy software. Now we can help a broader range of financial institutions deliver tangible change to meet the needs of tomorrow’s customers.”
Ohpen put the acquisition announcement in the context of its global growth strategy. This includes scaling operations in the Netherlands – where the company is a market leader – the United Kingdom, and Belgium initially, as well as expansion to other areas. Ohpen also plans to scale up its development centers in Spain and Slovakia.
The terms of the acquisition were not disclosed, but the combined entity will have 350 employees and $35 million in revenue. Davinci is Ohpen’s second acquisition. The company purchased core banking system implementation consultancy FYNN Advice in the fall of 2017.
Davinci leverages machine learning and AI to enhance and accelerate digital onboarding and acceptance during the mortgage lending process. Delivering cost savings of as much as 80%, the company’s signature solution is Close, a cloud-native platform for mortgage loan origination and servicing.
Calling the acquisition, “the natural next step” for both companies, Davinci Director Alwin van Dijk said, “We are the only two players with a real focus on back and middle office innovation for new and existing propositions.” van Dijk added that the ability to offer a broader range of products will be a “market game changer.”
With $47 million (€40 million) in funding from investors including NPM Capital and Amerborgh, Ohpen began the year teaming up with pensions administrator TKP Pensioen. The partnership with the Groningen, Netherlands-based digital pension platform enabled Ohpen to enter the pension market for the first time. Aler pointed out that the integration would enable the “originally conservative industry” of pension management to have a “fully digital and futureproof pension solution at its disposal.” This spring, Ohpen partnered with another pension management firm, Ortec Finance, integrating the company’s forecasting engine with the Ohpen platform.
Ahead of FinovateFall Digital next week, we hear from Chad Hamblin, Global Industry Director of Financial Services at Microsoft, one of Finovate’s Gold Sponsors. Hamblin exploreswhy success will come down to understanding and empathizing with your client. Dig a little deeper into this topic with Microsoft’s eBook on the topic: Reimagine the client experience in wealth management.
COVID-19 has put a strain on everyone. We’ve all navigated social isolation, uncertain investment projections, and remote work environments. Regardless of the experience, this time away has left a haze over individuals and organizations alike. We’re not just unsure what comes next, we’re questioning the very processes we’ve accepted to this point.
Investors are feeling a new tension that makes small pain points all the more obvious. Voice automation, fixed fees, commissions — what clients once accepted as the cost of doing business are suddenly under intense scrutiny. Clients aren’t obligated to trust a major firm with their financial future, and now they’re acting on the opportunity to move their money elsewhere.
So how can wealth management firms adapt their strategies (and identities) to regain that trust? It all starts with understanding the client.
A holistic experience
Over the years, many wealth firms operated under a one-size-fits-most model — if the client fell into a specific demographic, then the firm provided a specific portfolio. Empowered by the Digital Age and amplified by this pandemic, a growing number of modern clients are looking for a wealth management partner—someone willing to listen to their ambitions, dreams, and goals and recommend actions catered to their unique circumstances. These clients want to feel identified, seen, and valued; they want to feel like more than an account number. Organizations can deliver on that expectation by creating a holistic client experience — a strategic client approach that uses technology and relationship-building to create a more inclusive perspective on the client’s needs, interests, and ambitions.
Delivering a holistic client experience comes to life in three ways: portfolios, services, and communications.
Holistic portfolios understand the client’s dreams, goals, and life events and work to build the right mix of investments to meet that individual’s financial plan, risk preference, and goals. By moving away from cookie-cutter portfolios and embracing a consultative approach, advisors create a partnership built on trust.
Holistic services encourage firms to expand their capabilities to adapt to a changing world. In the last decade, clients have become jaded by fixed-fee models. At the same time, online resources have made wealth management more accessible. By shifting to a holistic client model, organizations expand their services beyond portfolio management and provide added-value services like financial advice and planning, risk mitigation, goal tracking, wealth building strategies, and even bring in experts for specialized areas like real estate, education planning, tax mitigation, and estate planning. By expanding into capabilities that they may not have focused on before, wealth management firms further align with the individual goals of their clients and can offer one-stop solutions.
Likewise, holistic communication leverages the client’s communication preference. Every company has multiple engagement channels—voice, text, email, chat, video, social media, etc.—but most organizations assume that every client wants to be contacted via every channel. Yet, modern tools can equip firms to democratize their client data to share information and insights. By consolidating data and communication streams into a single hub of truth and by providing that information via client-friendly channels, wealth management firms can ensure that clients are engaged in the mediums they prefer.
Adapting in real time
It won’t be enough to lag behind your clients, real time adaptations and analysis will count.
While holistic client experiences serve as the star of wealth management’s future, next-generation technologies will be the foundation of these efforts. Trending tools like AI, life event and goal tracking, market risk analysis, smart portfolio allocation, and project automation equip organizations with the tools they need to build more responsive, reliable offerings for clients.
Imagine how predictive analytic tools will help determine the stability of future investments or the time employees could save on data entry through automation. Today’s technologies grant employees the tools they need to deliver a holistic customer experience by making their day-to-day tasks more efficient and effective.
Investing in trust
By creating a holistic client experience, wealth management firms become a reliable asset during hardship and a celebrated ally in victories. Right now, clients around the world are reassessing their investments for fear of a future crisis. In many cases, COVID-19 has fundamentally upset the way many clients view wealth management and building. It’s up to firms to empathize with those concerns and shape their efforts to bring peace of mind.
With a multitude of wealth firms fighting for their dollars, today’s clients are increasingly taking their funds to firms that demonstrate a conscious effort to understand their ambitions beyond executing trades. Wealth management firms that position themselves as true advisors and champion the hopes and dreams of their clients can foster trusting and long-lasting relationships.
The alternative is a slow descent into transactional business, commoditization, and ultimately irrelevance. The holistic wealth management firm is prepared to advocate for the best interests of their clients.
For more insights into how today’s firms can steel themselves for tomorrow’s challenges, read Microsoft’s latest eBook.
We talked so much about the Buy Now Pay Later (BNPL) revolution in ecommerce that we are starting to sound like a broken record (someone please explain that reference to the younger millennials in the room). But the no-interest financing strategy is quickly becoming a must-offer feature for merchants, card issuers, and other players in the ecommerce ecosystem.
This week brings news that Zip Co, a digital retail financing and payments services company based in Australia, has agreed to acquire New York based Buy Now Pay Later company QuadPay in a deal valued at $269 million. One of the biggest BNPL companies in the U.S, QuadPay will enable Zip to expand its reach to five countries (Australia, New Zealand, South Africa, the U.S., and the U.K.), a combined annualized revenue of $182 million (AU$250 million) and 3.5 million customers.
Aside from the company’s co-founders, Adam Ezra and Brad Lindenberg, Zip was the largest shareholder in QuadPay. Ezra and Lindenberg will join Zip’s global leadership team post-acquistion with the responsibility of scaling business in the U.S.
Hungry for good news on the fintech funding front? Gaze no further than Latin America where a new report from KoreFusion highlights growth in smartphone ownership, ecommerce adoption, and dissatisfactioin with banks as just a few of the reasons why Latin America’s fintech boom is ust beginning.
The study, available for free from the San Francisco, California-based consultancy, is based on a study of more than 1,000 fintechs in Argentina, Brazil, Chile, Colombia, and Mexico. In addition to a survey of the fintech landscape – finding a concentration in the payments category with lending and B2B-based fintechs coming in second and third, respectively – the report underscores other areas – such as remittances and foreign exchange – where it believe major opportunities remain.
Read more in KoreFusion’s 2020 Latam Fintech Report.
Here is our look at fintech around the world.
Central and Eastern Europe
German regtech 4Stop partners with payment service provider emerchantpay.
ACI Worldwide announces that its technology helps power 75% of real-time payments in Hungary.
German P2P lender auxmoney raises $177 million (150 million euros) in growth capital.
The following is a guest post from Scott Raspa, Head of Marketing, Hydrogen.
The European fintech scene has experienced tremendous growth over the last few years. One of the key drivers of this growth is open banking. This is causing financial institutions and fintechs to partner together to provide more innovative, user-friendly solutions for consumers throughout Europe.
European consumers are receptive to the idea of non-financial players offering financial products, according to EY’s Global FinTech Adoption Index 2019. The survey finds that fintech adoption throughout Europe, especially in countries such as the Netherlands, U.K., Germany, Sweden, and Switzerland, are well above the global average of 64%, and aren’t showing signs of slowing down any time soon.
Below is a list of the top 50 fintech companies in Europe, based on their valuations.
These companies have raised over $16.8B (€14.3B) in venture capital funding and are valued, collectively, at over $92B (€78B).
The U.K. fintechs are valued at nearly $40B (€34B). The Netherlands are second, all thanks to Ayden, the most valuable fintech in Europe.
The U.K. has also invested the most money, nearly $11B (€9.4B), almost 65% of the funding of these top 50 fintech companies. After the U.K., Germany and Sweden have invested the most with 12.9% ($2.1B / €1.78B) and 12.4% ($2.0B / €1.7B) of the overall funding, respectively.
Fintech Enablement in Europe
Here at Hydrogen we work with companies all over the world. Our award-winning fintech enablement platform enables organizations to quickly and easily build fintech products and components. Whether you want to offer a PFM app in France, a challenger bank in the U.K., or issue cards in Germany, Hydrogen is here to help. Hydrogen has pre-built integrations, workflows, business logic, and UI already built in and available in white labeled/no-code modules or through our robust API.
It’s free to get started, so start building with Hydrogen today!
*Note: Funding information was provided by Crunchbase.com and the Euro, Pound, and US Dollar conversions were based off of today’s conversion rate. Also, total funding amounts didn’t include public companies or companies where we couldn’t identify the funding received.
In less than two weeks our all-digital, fintech conference, FinovateFall Digital will begin. If you haven’t registered yet for our week-long live and On Demand event – September 14 through September 18 – then there’s no better time than the present to visit our registration page and save your spot.
To whet your appetite for the latest in fintech thought leadership and technical innovation, we wanted to introduce you to ten of the industry experts who will be presenting keynote addresses during the week.
Pablos Holman – Futurist, Innovation Speaker, Inventor at the Intellectual Ventures Lab, Founder, Turing AI. LinkedIn.
There is no try but do: Raising the bar, passing the test, and innovating in a post-COVID landscape. Preview
Scott Gnau – Vice President, Data Platforms, InterSystems. LinkedIn.
“There’s a growing opportunity to lay the foundation for game-changing business data transformation that leverages both automation and analytics for sustainable success in any business climate.”
Digital Transformation’s Journey Toward Automation and Analytics.Preview
Jeremy Balkin – Head of Innovation, HSBC. LinkedIn.
“From robotics to wearables, how is technology being used to make us more human, to further financial inclusion and to allow for greater wealth creation?”
Technology and partnerships to bring people together, and the impact of COVID-19 on partnerships. Preview
Adam Dell – Head of Product, Marcus by Goldman Sachs. LinkedIn.
“What fintech trends will emerge as a result of the pandemic and how will consumer banking be changed forever?”
The Future of Finance: Predictions for a Post-Pandemic World. Preview
Sarika Sangwan – Global Head of Strategy & Marketing – Financial Services, Pinterest. LinkedIn.
“As one of the most trusted platforms, Pinterest allows FinServ partners to reach their target audience when and where it matters most.”
Rebuilding, capitalizing and maintaining customer trust in financial services. Preview
Tom Feher – Banking industry executive, U.S. financial services, Microsoft. LinkedIn.
“As the world continues to respond to COVID-19, we’re equipping our customers with the tools they need to respond, recover, and reimagine the future.”
Coming together to respond, recover, and reimagine during COVID-19. Preview
Paul Rohan – Head of Business Strategy – Finance, Google Cloud. LinkedIn.
“In the digital 21st century, customers expect their favorite brands to collaborate to provide extended and connected digital experiences.”
Open Banking is 21st Century Branch Banking. Preview
George Anderson – Founder and CEO, Ninth Wave. LinkedIn.
“Learn how leading banks are staying ahead of the surge in demand for transparent, secure, and scalable data connectivity from business, consumer, and wealth management customers.”
Mike Burr – Lead Android Enterprise Security Evangelist, Google. LinkedIn.
“Discover how to debunk security myths, and learn how the latest, multi-layered security protections, encompassing software, hardware, and application levels, now leverage the power of machine learning to protect your device fleet.”
Redefining the approach to mobile security in fintech (and why it works). Preview
Oliver Hughes – CEO, Tinkoff.
“Learn about achieving profitability as a digital bank, launching new products in the time of COVID-19, and what you need to be thinking about in terms of current and future trends in fintech.”
Digital banking in a post-COVID-19 landscape: The bright future of fintech. Preview
