30 Companies To Know From Finovate Fall 2019

There was much to see at the financial innovation conference. Here’s what was most relevant to credit unions.

 
 

The future was on display at Finovate Fall this year. Held in the Marriot Marquis in the heart of New York City’s Times Square, across the first two days of the conference 75 companies took to the main stage to live demo their financial innovations to a room full of fintech leaders and financial institution lenders, alike.

Want to read more about Finovate Fall 2019? Read more about Day 1 and Day 2.

In these two days, several themes emerged and several companies stood out. Not every company in attendance offers a solution that’s right for financial cooperatives, but for those that do here are 30 names credit unions need to know, in order of appearance:

BreachRx

HQ: Washington, DC
Date Founded: January 2017
Product Demoed: BreachRx

Why You Need To Know Them: BreachRx aims to take the crisis out of breach response and turn it into a routine business process. In today's world, that's all too important.

Zogo

HQ: Durham, NC
Date Founded: April 2018
Product Demoed: Zogo Teen Financial Literacy App

Why You Need To Know Them: Zogo partners with financial institutions to reward kids for learning financial literacy. Who wouldn't want to get paid to learn?

MoEngage

HQ: San Francisco, CA
Date Founded: July 2014
Product Demoed: MoEngage Intelligent Consumer Engagement Platform

Why You Need To Know Them: MoEngage offers consumer analytics and the ability to automate hyper-personalized campaigns across web, mobile, and email. Credit unions can further leverage data to better contextualize their marketing efforts.

Insuritas

HQ: East Windsor, CT
Date Founded: September 1999
Product Demoed: iInsure for Businesses

Why You Need To Know Them: Insuritas is improving the way people and businesses manage risk by deploying white-labeled, digital insurance agencies within a banking ecosystem. Think cross selling made easier.

ALTR

HQ: Austin, TX
Date Founded: 2014
Product Demoed: ALTR Data Security Platform

Why You Need To Know Them: ALTR’s programmable data security and governance embeds directly into application code, neutralizing privacy and breach risks.

Breach Clarity

HQ: Walnut Creek, CA
Date Founded: July 2019
Product Demoed: Breach Clarity

Why You Need To Know Them: Breach Clarity was founded to empower consumers and financial providers to prevent post-breach fraud.

Plinqit

HQ: Ann Arbor, MI
Date Founded: January 2013
Product Demoed: Plinqit

Why You Need To Know Them: Plinqit creates higher user engagement for financial institutions while aligning data, behavior, and incentives through financial literacy.

PayFi

HQ: Fort Lauderdale, FL
Date Founded: 2015
Product Demoed: PayFi

Why You Need To Know Them: PayFi enables banks, fintechs, processors, and merchant service providers to move money between bank accounts in real time. Real-time payments are coming. Now's the time to prepare.

StreetShares

HQ: Reston, VA
Date Founded: 2013
Product Demoed: Business Lending-as-a-Service

Why You Need To Know Them: StreetShares’ business lending as a service helps banks and credit unions enter the small business lending market quickly and efficiently.

BlueRush

HQ: Toronto, Canada
Date Founded: 2004
Product Demoed: IndiVideo

Why You Need To Know Them: IndiVideo creates interactive personalized videos to engage and motivate customers and collect data insights for deeper consumer understanding. The founder believes personalized videos are the future of member communication. 

Horizn

HQ: Toronto, Canada
Date Founded: May 2012
Product Demoed: Horizn Customer Platform

Why You Need To Know Them: Horizn focuses on equipping front-line employees and customers directly with the knowledge to improve customer experience and increase digital adoption. 

ebankIT

HQ: London, England
Date Founded: 2014
Product Demoed: Personal Finance Concierge

Why You Need To Know Them: ebankIT says it is leading the digital banking revolution with its omnichannel digital banking platform.

Illuma Labs

HQ: Plano, TX
Date Founded: April 2016
Product Demoed: Illuma Shield

Why You Need To Know Them: The company offers passive voice authentication for call centers, a necessary tool to improve the member call-in experience.

MX

HQ: Lehi, UT
Date Founded: 2010
Product Demoed: MX Enabled

Why You Need To Know Them: MX helps financial institutions and fintechs quickly and easily collect, enhance, analyze, present, and act on their financial data.

Qwil Messenger

HQ: London, England
Date Founded: March 2017
Product Demoed: Qwil Messenger

Why You Need To Know Them: Qwil offers safe and compliant client chat for your business. Members will contact a credit union using any available channel, which means an institution must carefully consider its technology offerings.

Glia

HQ: New York, NY
Date Founded: 2012
Product Demoed: OmniGuide

Why You Need To Know Them: Glia creates digital first moments that simplify and transform communications between businesses and their customers.

BlytzPay

HQ: Lehi, UT
Date Founded: January 2010
Product Demoed: BlytzPay

Why You Need To Know Them: BlytzPay’s text-to-pay solution makes billing and communication simple, streamlined, and secure. 

SalaryFits

HQ: London, England
Date Founded: March 2016
Product Demoed: SalaryFits platform

Why You Need To Know Them: SalaryFits is focused on empowering individuals by leveraging their salary as a form of payment.

owl.co

HQ: Vancouver, Canada
Date Founded: August 2017
Product Demoed: Owl 360

Why You Need To Know Them: owl.co offers automated solutions for financial institutions to better know their customers by aggregating external data and results in real-time.

Glance

HQ: Arlington, MA
Date Founded: 2000
Product Demoed: Visual Engagement Platform

Why You Need To Know Them: Glance helps organizations deliver advisory services, visually engage with customers, and shepherd them through online transactions.

Pinkaloo

HQ: Baltimore, MD
Date Founded: January 2017
Product Demoed: White-label charitable giving account

Why You Need To Know Them: Pinkaloo helps financial institutions attract and retain customers and increase deposits and fees by powering their customers’ charitable giving. Relevant for today's member who makes choices based upon a company's mission and values.

Flybits

HQ: Toronto, Canada
Date Founded: 2013
Product Demoed: Flybits

Why You Need To Know Them: Flybits enables financial institutions to deliver hyper-personalized customer experiences, leveraging contextual intelligence and AI.

Finzly

HQ: Charlotte, NC
Date Founded: May 2012
Product Demoed: Finzly Bank Operating System

Why You Need To Know Them: Finzly enables digital banking transformation for financial institutions. The company aims to “free banks from the limitations of their core systems.” 

ValidiFi

HQ: Sunrise, FL
Date Founded: March 2015
Product Demoed: Payment Risk Optimizer 

Why You Need To Know Them: ValidiFi is powering decisions and payments with proprietary data, technology, and customized strategies to increase life, reduce risk, and facilitate payments.

Intellaegis

HQ: El Dorado Hills, CA
Date Founded: January 2011
Product Demoed: masterQueue

Why You Need To Know Them: Using AI, masterQueue automates unstructured data to simplify debt collections in compliance with state and federal regulatory and data privacy laws.

Fortress Identity

HQ: Miami, FL
Date Founded: 2015
Product Demoed: Fortress Identity Biometric Authenticator

Why You Need To Know Them: Fortress Identity’s biometric authentication securely validates users to tightly control access to accounts, sites, transactions, and networks.

ARM Insight

HQ: Portland, OR
Date Founded: February 2010
Product Demoed: ARM Mimic

Why You Need To Know Them: Through a synthetic data process, ARM Insight transforms billions of transactions into rich insights used for data monetization, data security, and AI.

Adlumin

HQ: Arlington, VA
Date Founded: November 2016
Product Demoed: Adlumin

Why You Need To Know Them: Adlumin delivers a compliance automation platform for the financial sector, especially useful in today's complex environment.

Cinchy

HQ: Toronto, Canada
Date Founded: August 2014
Product Demoed: Data Collaboration Platform

Why You Need To Know Them: Cinchy is a data collaboration platform that aims to keep information connected, controlled, and accessible. 

Trulioo

HQ: Vancouver, Canada
Date Founded: October 2011
Product Demoed: Global Gateway

Why You Need To Know Them: Trulioo is a global identity verification company providing secure access to trusted data sources to verify individuals and businesses in real time.

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Sept. 26, 2019


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