Companies from a wide range of fintech are finalists in the demo contest at Bank Innovation 2017, the event announced today.
The finalists were chosen from applicants from around the world. A total of 12 companies will demo at Bank Innovation. The winning startup will be named Best in Show.
Meet the DEMOvation finalists for Bank Innovation 2017:
Cybersecurity is the backbone of all strong fintechs, which is why Alloy offers identity verification services to help. Through its online dashboard and APIs, Alloy says that it enables financial institutions to onboard customers as fast as possible, swapping out the manual review process for ID verification driven by multiple sources of data.
B2B company BeSmartee creates mortgage origination technology it then licenses to lenders. By utilizing artificial intelligence, the company enables lenders to take their borrowers from initial contact into underwriting in 20 minutes with a complete loan application, credit report, income/asset documents, eSigned and eDelivered disclosures and paid appraisal.
Launched just last year, Blispay partners with small- and medium-sized merchants to offer financing at the point-of-sale, a benefit historically unavailable to smaller businesses. The company, founded by BillMeLater (sold to PayPal) founder Greg Lisiewski, offers financing on purchases over $200, and charges no interest for loans paid back in full within six months of the purchase.
Leading financial advisory and consulting firm Deloitte will be participating this year; the company works with around 80% of the Fortune 500 across 20 separate industry sectors as one of the global leaders in audit, consulting and tax services. Deloitte has new technology in digital banking and blockchain.
One of the most intriguing ways to authenticate a person’s identity is, well, with that person, which is exactly what Eyeprint ID does with what it says is nearly 100% accurate software biometric solution (99.99%, for the curious). Users snap a selfie to log into their mobile banking apps, and the company’s biometric solution does the rest.
A global leader in the space, Fiserv provides payments, risk and compliance, and financial processing services for FIs; the company creates solutions across fintech and is partnered with companies like Visa and IBM. The company is involved with a wide range of innovation initiatives.
Social bonding is the glue of the smartphone, and thanks to companies like PayKey, that experience has been brought into P2P payments. By utilizing the company’s Mobile Payment Keyboard, integrated with a bank’s mobile app, users are able to send branded P2P payments right from the app or through platforms like Facebook Messenger, Twitter, and WhatsApp.
Starting a new fintech venture? See where potential customers can be found, where suppliers might be located, and how competitors are approaching the market through SizeUp’s business intelligence platform. The company uses data analytics to compare its clients to competing companies, and even find the best places for companies to advertise.
B2B payments have their pain points, but blockchain seems to help solve quite a few of them: through SnapCheck’s blockchain-enabled checking platform, vendors and suppliers can send quicker payments while reducing their fraud risk by 90%. Through blockchain, EDI data, and speed, SnapCheck sees its solution as the future of B2B payments.
This London-based fintech wants to be “the API for your bank account,” using a suite of APIs to connect all of client’s applications to its users’ bank accounts. Users will then be able to use the one API to transact, view their accounts, check balances, and make payments.
To see these demos, join us in San Jose on March 6-7 for Bank Innovation 2017, where the best conversations in fintech take place. Click here to register.1 - Reader Likes This Post