Quovo is a data platform providing insights and connectivity for millions of financial accounts across thousands of institutions. With industry-leading APIs and modular applications, Quovo helps deepen relationships by better connecting you to your clients’ financial lives. Today, hundreds of institutions, thousands of advisors, and millions of end-users rely on Quovo’s technology for account aggregation, bank authentication, and ongoing insights to build better financial futures.
SoFi is a new kind of finance company taking a radical approach to lending, wealth management, and insurance. Whether our members are looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result.
How Quovo & SoFi Perfected Bank Authentication
Interacting with consumer financial accounts can be a time-consuming, painful process for developers. Thousands of institutions and differing access methods can make it difficult to connect and fund new accounts, or even transfer money between existing accounts. That’s why Quovo developed an easy-to-use Authentication API for SoFi, capable of authenticating financial accounts at 200+ financial institutions — including banks, credit unions, and more! In our presentation, we will demonstrate how SoFi integrated Quovo’s Bank Authentication API to enable the secure authentication of financial accounts while streamlining their user experience. Additionally, we will highlight the Quovo + SoFi partnership, providing insight into how fintech firms can work together to co-innovate new products and services.
What You’ll Learn
- Developers will gain unique insight into how SoFi uses Quovo’s Authentication API to connect and verify account information in preparing of ACH payments and transfers.
- Developing new APIs requires deep partnerships as you build, test, and iterate. We’ll provide developers with guidelines for successful co-innovation with other fintech companies.
- Minimizing friction in user experience is more important than ever. Our presentation will demonstrate how SoFi simplifies the process of funding accounts so their users can get to investing quicker!
Michael Del Monte, CTO & Co-Founder, Quovo
Michael received a mechanical engineering degree from University of Texas and a JD from Tulane Law. Michael founded Tennyson Maxwell Information Systems, which sold web crawling software, and helped implement the Army’s Global Broadcast System. Michael has worked on sensitive data projects for the FBI, CIA, numerous banks and companies.
Stephen Sikes, Head of Strategy, SoFi Wealth
Stephen is responsible for strategy for SoFi’s financial advice, wealth, and insurance products. Prior to joining SoFi, Stephen was a Sr. Engagement Manager at McKinsey & Company focused on digital and growth strategy within financial services. Stephen began his career as a cavalry officer in the US Army.