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  • Writer's pictureRoy Urrico

FinovateSpring Demo Recap: Part One

By Roy Urrico

Presenters representing startups and existing fintech companies each had nine minutes to present new products or services to potential partners, investors and buyers at FinovateSpring 2021, a multi-day online virtual event.

The presentations moved rapidly and the presenters spoke quickly as they tried to pack as much information as possible into their allotted demo time slots.

Finopotamus offers a brief rundown at the first of two days of presentations caught at the conference:

1. Bengaluru, Karnataka, India-based Vymo demoed an artificial intelligence-powered personal sales assistant. Its design aims to help sales and distribution teams in insurance, brokerage, banking, and wealth advisory engage their clients and partners more effectively through contextual data and intelligence. The platform solves issues for frontline personnel, sales managers and business leaders through mobility, insights and industry playbooks.

2. Burbank, Calif.-based Helpwithmyloan showcased its full spectrum lending platform that helps match financial institutions, brokers and consumers with the right loan. HWML claims its SaaS software yields automated underwriting and loan matching at a 95% proven success rate. By filling out a simple questionnaire they allow the connection with 300-plus financial institutions and alternative lenders competing for loans.

3. Oakville, Ontario, Canada-based FormHero is a low code SaaS platform that enables rapid creation of digital front-end experiences and simplifies data collection by building complex rules and connecting business processes. FormHero orchestrates the information collection across an enterprise by deploying a central solution, which sits in front of an organization's existing processes and creates digital experiences across multiple channels.

4. Toronto, Ontario, Canada-based Flybits provides a customer experience platform for the financial services sector, delivering personalization at scale. It unifies all banking products and services such as cards, customer relationship management abilities and propensity models, in one place in the financial institutions’ mobile app. Flybits allows financial institutions to design, launch, and measure data-driven consumer experiences, while preserving their privacy.

5. San Francisco-based Fligoo and Lake Success, N.Y.-based Broadridge displayed a jointly developed wealth management product- Practice Insights. The solution provides financial advisors with an AI-generated platform to understand all the data around a theme, predict what clients and prospects need, and suggest the best ways to engage them, deepening their satisfaction and loyalty.

6. Kirkland, Wash.-based Secure introduced SecureSave, an emergency savings solution as a new type of employer benefit. The savings app manages elective paycheck deferrals and matching employer contributions. Employees have instant access to their funds, can customize their own savings targets, and benefit from employer matching. Secure is looking for innovative financial institutions to partner with to help bring this solution to employers and employees.

7. Austin, Texas-based Q2 Holdings, Inc. a provider of digital transformation solutions for banking and lending, and mobile financial service provider Movendemoed their new turnkey challenger Bank-in-a-Box solution, which is deployable in as little as 30 days, to solve the competitive threat of neobanks (financial technology firms that offer internet-only financial services and lack physical branches) for community and regional banks and credit unions.

8. Aalborg, Nordjylland, Denmark Denmark-based DigiShares, highlighted its white-label platform. It supports three main processes: (1) Issuance, where tokenized securities are issued to fundraise a project. (2) Longer term corporate management of a group of investors who are holding tokens to document their ownership of securities. (3) Internal trading among investors in a single project, fund or company in order to create additional liquidity.

9. Fremont, Calif.-based Foxit Software’s demoed its PDF technology, which enables financial institutions to transition from paper to paperless. The enterprise automation provides solutions for file compression, digital conversions of email, TIFF, and Office docs to PDF/A. Foxit’s optical character recognition scans documents into text-searchable PDFs, and a PDF editor called PhantomPDF, which allows users to create, convert, comment, and organize digital documents.

10. Stockholm, Sweden-based Dreams displayed its financial wellbeing platform that helps financial institutions to attract the new generation and create superior digital engagement by leveraging the latest cognitive and behavioral science insights. The system helps financial service organizations to design customizable and personalized financial services for saving, investing and paying off debt.

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