Driving World-Class SME Lending Experiences

Driving World-Class SME Lending Experiences

How to power rapid approvals and accelerate your SME lending processes

Forty-four percent of SMEs look to funding to meet operating expenses, with this number expected to grow considerably during times of economic uncertainty. Fifty-six percent of SMEs seek funds to expand business operations or to pursue new market opportunities. But waiting months or even weeks for credit approval and funding can mean the difference between innovation and business closure.

Traditional financial services organizations may find lending to SMEs difficult, but fintechs are rising to the challenge. Simplified application processes, rapid approvals, and access to funds quickly makes working with digital lenders an obviously attractive choice. 

Because if you aren’t making it easy for SMEs to get the credit they need, your competitors will.

Catch up on this panel discussion with industry experts, in collaboration with Provenir, and discover how to:
•    Power faster, simplified application processes 
•    Make smarter, faster decisions and get to market faster
•    Future-proof your decision technology to keep up as market trends/demands evolve
•    Use advanced, predictive analytics like AI to keep risk in check

Featuring Corinne Llelti, Commercial Sales Director, EMEA, Provenir; Alex Daly
Chief Finance and Risk Officer, Ask Inclusive Finance Group; and Julie Muhn, Senior Research Analyst, Finovate.

The Hidden Costs of Fraud and Dispute Management: Where to Automate the Process and Reduce Losses

The Hidden Costs of Fraud and Dispute Management: Where to Automate the Process and Reduce Losses

The fintech and payments industries are rapidly evolving. Isn’t it time fraud and dispute management processes did as well? Financial institutions not seeking alternatives to legacy infrastructure are constrained in their ability to automate and streamline lengthy and manual processes, such as chargeback management.

In this webinar, Quavo’s SVP, Revenue Executive Brittany Usher, and KeyBank’s Head of Enterprise Fraud Services, Jen Martin, will join Finovate’s Julie Muhn to discuss initial steps toward automation for issuing financial institutions seeking to overhaul their pre-existing manual and legacy systems. Along with providing business case examples, Brittany and Jen will elaborate on the lessons learned from implementing new software, conducting a cost analysis examining price per transaction, chargeback recoveries, manual intervention, fines, and overhead costs.

Covering:

  • Discover tips on the first steps to take when seeking to overhaul preexisting manual/legacy systems with real life examples and lessons learned. This is a common obstacle to implementing new software. 
  • Learn how to set up data requirements, merchant collab software, accounting, and more.
  • Conduct current cost analysis – price per transaction, chargeback recovery, manual intervention, fines, overhead, and more.

Bridging the Gap: Connecting Banks with Fintech Applications to Accelerate Innovation

Bridging the Gap: Connecting Banks with Fintech Applications to Accelerate Innovation

The rate of innovation within the financial services sector has increased dramatically. As traditional financial services organizations attempt to keep pace, they often leverage technology from fintech providers to quickly develop or provision new cloud-based applications.

As a result, over half of fintechs globally are looking to implement new technologies that will support financial service organizations to better meet customer demand, enhance agility, and improve competitiveness. 

In order to achieve these goals, financial services organizations need to be able to easily leverage and provision new fintech services and applications, and to seamlessly integrate their existing production applications and data sources with these applications.

This is where a real-time bidirectional data gateway comes in.

This webinar will discuss how a seamless connection between cloud-based fintech applications and financial services customers’ production applications and data assets will enable faster innovation to execute a wide range of business initiatives, from offering more personalized services tailored to individual customers to streamlining operations and improving compliance with regulations. 

In collaboration with InterSystems, watch back on this webinar featuring:

  • Joe Lichtenberg, Product and Industry Marketing Director, InterSystems
  • Michael Hom, Head of Financial Services Solutions, InterSystems
  • Moderated by David Penn, Research Analyst, Finovate

Photo by Klas Tauberman

Finovate Webinar: Great Digital Experiences Can’t Be Bought – They Must Be Built

Finovate Webinar: Great Digital Experiences Can’t Be Bought – They Must Be Built

Great digital experiences can showcase the unique differentiation in your banking products and services. But such great digital experiences can’t be bought – they have to be built. And customers need this great digital experience to choose you to do business with.

However organizations often struggle to assemble the needed development and deployment tools to create these great experiences, and to scale them successfully.

While you may not be able to buy a great digital experience, you can buy the platform on which to build one. This platform is known as a Digital Platform-as-a-Service (PaaS), running in the cloud. The Digital PaaS provides everything you need to reduce the innovation time for cloud-based digital applications, resulting in the ability to iterate quickly and continuously improve the experience.

Watch this webinar, in collaboration with WSO2, to explore:

  • Better techniques to speed up innovation and meet client demands
  • How to simplify the complexity of modern innovation platforms
  • The benefits of the cloud or digital applications, and how to implement a PaaS solution into your strategy
  • Q&A with the speakers, addressing your burning questions and thoughts

Featuring Eric Newcomer, CTO at WSO2 and David Penn, Finovate Research Analyst.

Finovate Webinar: AI in Fintech – Driving Innovation, Inclusion, and Impact

Finovate Webinar: AI in Fintech – Driving Innovation, Inclusion, and Impact

Upcoming Webinar: AI in Fintech: Driving innovation, inclusion, and impact
Date: Thursday, April 28, 2022 | Time: 02:00 PM British Summer Time

Artificial intelligence is more than just the latest buzzword – using AI has a meaningful impact on decisions across the entire customer lifecycle. From improving fraud detection and decisioning accuracy to optimizing pricing and managing bias, AI has a key role to play in changing the way financial services products are developed and offered to customers.

Join the upcoming Finovate webinar for a panel discussion covering how AI can:

  • Improve fraud detection and identify pre-delinquency patterns
  • Power financial inclusion with alternative data
  • Enable business growth with faster onboarding and optimized pricing for a personalized, superior customer experience
  • Expand your customer base without increasing your risk

Who is on the panel?

Lorenzo Blesa, Global Head of Risk Strategy &
Tech-Data-ESG Projects and Operations, BBVA

Carol Hamilton, Senior Vice President, Global Solutions, Provenir

David Penn, Research Analyst, Finovate

Register now >>

Finovate Webinar: Enhance Customer Lifetime Value and Optimize Operating Efficiency in Mortgage Processing

Finovate Webinar: Enhance Customer Lifetime Value and Optimize Operating Efficiency in Mortgage Processing

Artificial intelligence and automation have been at the forefront of the financial services industry. This rapid digital acceleration driven by the pandemic has forced lenders to modernize their lending ecosystem to stay relevant in the new normal.

Today you know that the success of your business depends vastly on your ability to use technologies to harness the power of data and provide hyper-personalized products and services to your customers. However, only 40% of lenders believe they have the required digital capabilities to undertake such a transformation.

Watch for this intriguing discussion as top experts from Quantiphi discuss how AI-first digital engineering can re-imagine traditional lending processes to help you enhance customer lifetime value and reduce operating costs in this highly competitive business environment.

Featuring: 

  • Sanjeev Sethi, Head – Banking & Financial Services, Quantiphi
  • Vijay Mannur, Practice Head – Marketing Analytics, Quantiphi
  • Milind Wasaikar, Client Service Executive, Quantiphi
  • Moderated by: Julie Muhn, Senior Analyst, Finovate

Photo by Kindel Media from Pexels

Gloss Without the Undercoat? The Longer-Term Results of Digitizing Without the Right Foundations

Gloss Without the Undercoat? The Longer-Term Results of Digitizing Without the Right Foundations

Title: Gloss without the undercoat? The longer-term results of digitizing without the right foundations
Duration: 1 hour

With staff costs at around 50% of all operational expenditure in some banks, it’s easy to see why reducing the human element from the banking relationship can be attractive. Digital take-up rates received a massive bump during the recent pandemic, which has added weight to the notion that banking employees are not as necessary as they once were.

But can you reduce your resource levels once you’ve pushed customers to the digital channel?

Recent evidence suggests that the drive towards digital without careful attention being paid to the experience the customer receives can lead to unexpected costs.

Catch up on this #FinovateWebinar with Bob Meara, Senior Analyst for Retail and Corporate Banking at Celent, and Andrew Stevens, Global Principal for Financial Services at Quadient, as they analyze new research results, uncover critical gaps in the customer experience, and recommend practical steps to join digital transformation with longer term sustainable cost savings.


Photo by Michael Dziedzic on Unsplash

Reimagining the Commercial Banking Digital Client Experience Using Real-Time Analytics

Reimagining the Commercial Banking Digital Client Experience Using Real-Time Analytics

Watch it now!

Title: How BMO is reimagining the Commercial Banking digital client experience using real-time analytics
Duration: 1 hour

Like most banks, the pandemic caused BMO to accelerate self-serve options for both its retail and commercial digital banking platform. But, self-service is not a one-size-fits all strategy!

Working with Quantum Metric, BMO leveraged real-time data to build an experience for its commercial customers that replicated the ease and usability of its retail platform, but reflected the needs and behaviors of its commercial clients.  

Watch this webinar, featuring Quantum Metric and BMO to hear our experts discuss: 

  • Building a data and analytics strategy that supports an iterative approach to product development
  • Identifying user frustrations, errors, and confusion on commercial sites with real-time data
  • Quantifying the long-term impact of negative user experiences
  • Establishing a customer-centric mindset through Continuous Product Design

Moderated by Finovate’s David Penn, and featuring Sean Ellery, Head, Digital Innovation, North American Treasury & Payment Solutions; Steven Teo, Director, Innovation & Digital Controls, North American Treasury & Payment Solutions; Darko Mitrovic, Director of Account Management, Quantum Metric; and Michael Hanson, Regional Vice President of Banking and Financial Services, Quantum Metric.


Photo by LinkedIn Sales Solutions on Unsplash

Making Your Mark: The New Reality of Digital Identity Solutions for Financial Services

Making Your Mark: The New Reality of Digital Identity Solutions for Financial Services

Upcoming webinar 
Date: Tuesday, August 17, 2021
Time: 1:30pm Singapore Time
Duration: 1 hour

Digital identity is establishing itself as one of the most significant technology trends, and certainly one to make big waves in the financial services and fintech industry in the years to come.

As the world’s shift toward digitization has accelerated, customers expect faster and better access to virtual onboarding for new brands and services, and the financial industry must now deliver. Plus, a new and significant market demographic – Gen Z and younger Millennials – is emerging for financial services providers. Converting these prospects into customers is essential to long-term success because of the substantial lifetime value they offer your business.

This move to digital does not just open up new worlds of opportunity.  Businesses have also noted increases in the volume of digital transactions and interactions, which fraudsters are quick to take advantage of. According to AITE, attacks manifested as first-party application fraud, third-party application fraud, and synthetic identity fraud, so it is becoming critical for FIs to address this trend and develop their approach before it takes a strong hold on revenues and reputations.

An effective digital identify solution can be the answer, but are FIs and banks fully embracing the technology and leveraging it effectively?

Join this Finovate webinar, in collaboration with Ekata , a Mastercard company, as we explore:

  • Using digital identity solution to strengthen your customer experience journeys and win over new “thin file customers”
  • The new digital reality and the importance of digital identity solutions in tackling and mitigating fraud
  • Your “checklist” when adopting a digital identity verification process
  • The role of ML and AI in identity verification
  • The key digital identity trends set to shape the landscape in 2021 and beyond

Featuring Dan Jiao, Director, Asia Pacific at Ekata; and David Penn, Research Analyst at Finovate.

Register now >>

Keep Your Friends Close and Your Data Closer: How Fintech Teams Grow Engagement and Digital Outcomes

Keep Your Friends Close and Your Data Closer: How Fintech Teams Grow Engagement and Digital Outcomes

Upcoming webinar
Title: Keep your friends close and your data closer: How fintech teams grow engagement and digital outcomes
Date: Tuesday, July 27, 2021
Time: 2:00 PM Singapore Time
Duration: 1 hour

We have moved into a new, digital era in finance and banking. For those businesses that have not pivoted and evolved with the times, it will be an uphill struggle to keep customers happy and engaged. For those businesses that embraced new digital strategies, and upgraded their marketing tech stack, now is the time to reap the rewards of increased growth and customer loyalty. And for those businesses that are somewhere in the middle, it’s becoming ever more important to be bold and experimental when testing and engaging your customers with new services and features. Your business’s future depends on it.

Join the latest Finovate webinar, in collaboration with Braze and Amplitude, as the panel explores:

  • The art of balancing and blending product analytics and customer engagement, and why you need both in your strategy
  • Managing disparate data and leveraging data to inform an event-driven martech strategy
  • Going beyond understanding your customer, and the power of behavioural analytics
  • Future-proofing your finserv brand, and responding to changes in customer demands and tech trends

Featuring Alka Gupta, Director of Data & People, BukaWarung; Chye Yien, Senior Strategic Business Consultant, Braze; Julio Bermúdez, VP APAC & LATAM, Amplitude; and Alex Bird, Product Manager, Openpay. Moderated by David Penn, Research Analyst, Finovate. 

Register now >>


Photo by Denniz Futalan from Pexels

The Finovate Halftime Review

The Finovate Halftime Review

Back by popular demand, the The Finovate Halftime Review returns June 21 through June 25 to bring you daily, one hour, expert-led discussions with interactive Q&A, all delivered online. Register for one session or all – pick the topics that interest you and listen in as our guest contributors shed light on the critical challenges impacting financial services right now.

What’s coming up?

Live webinars on topics critical for the fintech industry…

  • A Practical Path to Machine Learning Success for Financial Services with InterSystems
  • The “New Normal” of Working in Finance: Getting to Grips with the Opportunities, Challenges and Risks with Hysolate
  • Fintechs and the Era of Radical Inclusivity: Leveling the Playing Field Through User Experience with CleverTap
  • The “New” Frontier – Find Innovation, Adaptation & Growth in America’s Heartland with JobsOhio

Plus,  on-demand webinars to set you ahead of the competition…

  • Customer Engagement Tactics to Boost Loyalty and Monetization
  • The New C-suite Challenge: Rise of Customer Experience
  • Pandemics, climate change, recessions – Oh my! How do you manage commercial credit risk in an ever-changing landscape?
  • Building Trust: How Video is Reshaping Digital Customer Engagements in Banking

Insightful new and analysis from our resident analysts…

We’re bringing all of this, plus the Finovate Halftime Review eMagazine, which collates all the best bits of the week into one easy-to-access magazine.

Register your place at the Finovate Halftime Review >>

Pandemics, Climate Change, Recessions – Oh my! How Do You Manage Commercial Credit Risk in an Ever-Changing Landscape?

Pandemics, Climate Change, Recessions – Oh my! How Do You Manage Commercial Credit Risk in an Ever-Changing Landscape?

Upcoming webinar
Title: Pandemics, Climate Change, Recessions – Oh my! How Do You Manage Commercial Credit Risk in an Ever-Changing Landscape?
Date: Thursday, June 10, 2021
Time: 1:00 pm Eastern Daylight Time
Duration: 1 hour

Once we’ve overcome the pandemic, the next crisis regulators will be turning their attention to is climate change. Unlike Covid-19, climate change isn’t something we can develop a vaccine for – and it is here to stay. Climate change risk will therefore be a key focus area for regulators going forward, so banks need to be thinking about how they’ll address and analyze climate-related risks and opportunities at a portfolio level. 

Featuring Jeremiah Norton, former FDIC; Bruce Richards; former Federal Reserve Bank of New York; Mark Levonian, former OCC; and David Penn, Research Analyst, Finovate.

Register now >>