Made with FlowPaper - Flipbook Maker
< Previouscentric experiences. Incode’s industry-leading Omni platform increases conversion rates and reduces fraud while maintaining strict privacy controls. “Because we can scale and do things very fast and accurately that other folks can't do we own the whole technology stack,” begins Jonathan Andresen, Senior Director of Marketing & Products, Incode Technologies. According to Incode’s team, liveness is a key part of the technology equation. Is it a live person? Does it have the physiology of a live person to differentiate between a picture? These are the key ideas that the company’s cutting-edge solution, Passive Liveness, identifies. Incode's passive liveness solution, LiveBeam, was the first passive liveness technology in the world to be certified by iBeta following the ISO/IEC 30107-3 standard. LiveBeam is Incode- developed, fraud-proof, and is 50 times faster than any other liveness solution in the market. In fact, LiveBeam is the first ISO 30107- 3 compliant passive liveness technology in its class that does not require user interaction. Mastering Identity Verification Tech What makes the company stand out from the crowd is the solution Incode Omni. The plafrorm offers a frictionless customer experience at every point of contact with a consistent level of security across multiple channels. It is arguably one of the most innovative enterprise grade identity verification platforms that can be customized at scale to fit an extremely wide variety of business use cases spanning financial services, fintech, insurance, and a host of other industries from insurance to hospitality. The company’s flagship product is broken down into 50-plus adaptable modules. Incode’s SDKs capture the best possible photograph of Identity documents, recognize and classify the document, perform tests to confirm the authenticity, and obtain a score for the document presented. The solution comes with a built-in component that enables the automated capture of the selfie. It provides feedback to the user to center the face and obtain the best image possible. Incode Omni offers the ability to create identity flows in just minutes. Point and click to arrange the components necessary for your specific processes and requirements and publish the flows immediately. Incode’s SDKs and APIs are built by developers, for developers. The company’s sample apps will fast-track your integration and allow you to implement in just a few hours, and our comprehensive documentation will enable you to easily create complex flows. “We own the full algorithm for facial recognition at our company and don't use another company's facial recognition algorithm. That just makes it easier for us to integrate, it makes it faster, makes more reliable and secure,” states Andresen. Incode Omni was designed to protect privacy and conform to local regulations, ensuring that businesses can market properly. From a privacy perspective, Incode owns the complete security stack and doesn't outsource to a third party. This way, businesses need We view ourselves as the iconic identity company that is bringing the identity verification space together by delivering the complete technology toolset that enterprises need – scale, accuracy and speed in a single customizable platform that uplevels the customer experience and transforms businessnot move their data to another database to do that analysis. As such, companies can reduce their risk while making data secure and private for the user. “We ensure that your data doesn't leave our data center. When it's hosted in our cloud-based data center, we don't keep all the data necessary, instead we hash it, minimizing the risks!” adds Andresen. Innovation and Beyond Incode ID is an interesting use case that Incode has deployed recently. Fan ID works best for concerts, stadiums, and sporting events where there are tens of thousands of people that need to be verified in a short amount of time. To avoid fraud, Incode’s Fan ID solution verifies the user identity to get the right people to get into the right areas. From a security perspective, stadiums now want now to want to make sure that all entries are verified securely while not slowing down the customer experience, for example by preventing the formation of long queues, to enter the stadium. Stadiums wants to keep the right balance between security and user experience. The Incode solution embeds the user's identity into the tickets so that when the ticket is used to onboard, the national ID or document is verified against the user. “Identity gets built into your ticket. It's a QR code that sits on your ticket. When you arrive at the event, whether you have data access doesn't matter. You just take your ticket QR code, scan it and you walk right through. Companies can even deploy a facial recognition kiosk to verify user identity,” explains Andresen. Delivering Secure Identity Products Since opening its doors, Incode has been a pioneer in delivering cutting-edge solutions that are redefining the way companies authenticate users. The company’s solutions are widely accepted and used across a variety of industries including banks, retailers, marketplaces, healthcare systems, and many others to provide more secure and convenient experiences to their customers. At Incode, the team believes in a future where customers can perform any transaction without friction. The team achieves this by building delightful and secure identity products that offer self- service, omnichannel, and secure multi-biometric capabilities. Today, Incode has grown to be a leading company in this space and sees as an identity company. Today, user identity is all set to converge around companies that have the complete toolkit to verify and maintain the user’s identity. “I can see this market converging around the most innovative companies that can do this at scale across countries, fast, secure, and reliably. That's where we focus, we spent a lot of time developing the product for regulated industries, with our very first customers being large multinational banks that needed both high speed and high accuracy,” points Andresen. As part of the expansion plan, Incode is investing in global sales and customer support teams, particularly in Europe, the Middle East and moving into Asia. The company has more than doubled staff in the last six months and expects to continue to expand aggressively around the world due to strong demand for its rivacy-centric and scalable identity verification solution. “The market is really growing quickly, but it is quite fragmented with many companies providing point solutions that don’t scale in production or that increase friction in the user experience. At Incode, we’re building an iconic identity company that brings the space together by integrating the complete toolset that global customers need – scale, accuracy and speed in a single customizable platform – enabling enterprises to truly transform their customers’ digital experience. And that's our vision. It's really about how do you create that trust, remove that friction so that in the digital world, it's just as reliable and secure as it is in the physical world,” Andresen oncludes. D espite the pandemic, the financial technology industry is growing at an unprecedented phase. The advent of cloud solutions and the digital revolution has already created a huge difference in the industry. Meanwhile, AI and blockchain technology have entered in the market with solutions that stand out from the crowd. In fact, AI-based fintech solutions are leveraged by companies in the financial sector to analyze and manage data from multiple sources to provide valuable insights. These innovative results help banks overcome the difficulties they face on an everyday basis while providing day-to-day services such as loan management or payment processing. For the financial services sector, AI-powered chatbots can minimize the workload placed on call centers as they tackle the most typical and frequent user problems. As simple as they may seem, each chatbot uses a complex sentiment analysis and focuses on understanding the customer’s experience. AI-powered chatbots make communication between a customer and a bank easier and more accessible. As the industry is filled with numerous solution providers, businesses around the globe are finding it a tough time to find the right partner. To sort down this challenge, our team of editors, CEOs, CTOs and researchers have listed down a set of innovative solution providers who are creating a difference in the Fintech space. Here is the “Top 20 FinTech Solutio Providers 2022” Innovative 20Anchor : Rom Lakritz Co-Founder & CEO New York, NY sayanchor.com Anchor gets businesses paid on time, effortlessly. Anchor’s autonomous billing solution is a cloud-based platform that redefines B2B billing, collections, and payments. By providing an end-to-end billing and collections solution, and removing all manual labor from these processes, Anchor eliminates the risks of fraud and human error in B2B payments. Alchemy : Timothy Li CEO Irvine, CA trustalchemy.com Alchemy lending core software powers Banks, FinTech and Merchants with an end-to-end cloud based SaaS solution. Their embedded financing platform is completely white labeled and customizable, serving customers world wide. Crafted by software engineers with banking and FinTech background, our award-winning lending software provides a full package of powerful loan modules, including for digital onboarding, decision engine and loan management software. Axletrees : Mohan Murali President & CEO East Brunswick, NJ axletrees.com Axletree Solutions delivers mission-critical services across the financial transaction ecosystem for financial and non-financial institutions worldwide. They understand the unique challenges banks and corporates face while optimizing their financial connectivity and payment processes, and help them remain agile in rapidly evolving landscape by combining best practices with future-ready solutions. AssetMap : H. Adam Holt Founder & CEO Philadelphia, Pennsylvania asset-map.com Asset-Map is an award-winning financial technology used by financial professionals around the world. They live by the idea that a simple visual approach can be a better way for financial advisors to interact with clients. Their technology helps to visualize and interact with a household's complete financial inventory on a single page (or screen). Fintech Solution Providers 2022 Innovative 20Deep Pool : Shamus O’donnell CEO Dublin 2, Dublin deep-pool.com Deep Pool is the #1 investor servicing and compliance solutions supplier, providing cutting-edge software and consulting services to the world’s leading fund administrators and asset managers. Their flexible solution suite, developed by an experienced team of accountants, business analysts and software engineers, supports offshore and onshore hedge funds, partnerships, private equity vehicles, retail funds and regulated financial firms. Fenergo : Fenergo is the digital enabler of client and regulatory technology for financial services. It provides Client Lifecycle Management (CLM) software solutions for Financial Institutions including; Corporate & Institutional Banking, Commercial & Retail Banking, Asset Management, Private Banking & Wealth Management. Marc Murphy CEO Dublin, Dublin fenergo.com Bills : René Lacerte Founder & CEO San Mateo, CA bills.com Bills.com is the leading resource for free and personalized money help. Founded by a group of financial experts intent on helping consumers save time, money and stress, Bills. com is designed to give consumers confidence in making money decisions. The site offers useful information, powerful tools, and real money experts to give consumers the information they need in the way they want it, and helps top-tier financial services firms acquire high-quality prospects. Goabaca : Dan Roda Co-Founder & CEO North Little Rock, Arkansas goabaca.com Abaca is a financial and regulatory technology company that facilitates electronic payment processing, banking, lending and other financial services for the cannabis industry. They believe all cannabis businesses should have access to stable, secure, and transparent financial services. Built on modern cloud-hosted technology by banking and compliance experts, Abaca’s digital- first commercial banking solutions make cannabis banking easy. Fintech Solution Providers 2022 Innovative 20Investcloud : John Wise Co-Founder & CEO West Hollywood, CA investcloud.com InvestCloud is transforming the Financial Industry's approach to digital. They are a singular, no-code software platform for Digital and Commerce enablement within the Financial Industry. With their cloud-native, multi- tenanted platform, they are changing the approach to digital for the world’s largest banks, wealth managers and asset managers – empowering them to leverage and leapfrog decades of technology debt and meet the elevated needs of today’s, and tomorrow’s, end clients. Idera : Randy Jacops CEO Houston, TX idera.com IDERA understands that IT doesn’t run on the network – it runs on the data and databases that power business. That’s why they design their products with the database as the nucleus of customer IT universe. Their database lifecycle management solutions allow DBAs and IT Ops professionals to do more with less, so they can design better, build faster and run quicker. Incode Technologies : Jonathan Andresen Senior Director of Marketing & Products San Francisco, CA incode.com Incode is the identity company that is reinventing the way humans authenticate and verify their identity online to power a world of trust. Incode’s products are being used by some of the world’s largest financial institutions, governments, marketplaces, hotels and hospitals. Multiverse Computing : Enrique Lizaso Olmos CEO San Sebastián, Basque Country multiversecomputing.com Multiverse Computing provides software for companies from the financial industry wanting to gain an edge with quantum computing. Their fields of expertise are portfolio optimization problems, risk analysis, and market simulation. Digital methods usually fail at efficiently tackling these problems. Quantum computing, however, provides with a powerful toolbox to tackle these complex problems, such as outstanding optimization methods, software for quantum machine learning, and quantum enhanced Monte Carlo algorithms. Fintech Solution Providers 2022 Innovative 20Payability : Keith Smith Co-Founder & CEO New York, NY payability.com Payability is a fast-growing fintech company founded and headquartered in New York City. Payability provides flexible financing solutions to eCommerce sellers via accelerated daily pay- outs and working capital for inventory and marketing. Payability has financed over $5 billion in growth capital to thousands of businesses. Peernova : PeerNova’s mission is to empower firms to make confident and timely decisions using high-quality data. The Cuneiform® Platform enables users to monitor data quality metrics, identify high-impact exceptions, and perform faster root-cause analysis across internal and external datasets in real-time. Using Cuneiform, PeerNova provides reconciliation, data quality monitoring, and client onboarding products that reduce manual processes and improve operational efficiency across complex workflows. Gangesh Ganesan Founder & CEO San Jose, CA peernova.com Panamax : Bankim Brahmbhatt President & CEO Garden City, NY panamaxil.com Panamax Inc. is a global leader in developing leading fintech and telecom solutions for digital transactions, switching, billing, fraud management and revenue assurance helping banks, financial institutions, enterprises, telecom operators, MNOs, and MVNOs. Panamax offers the world’s leading digital financial platform MobiFin which has made digital finances a reality in several countries. Privatewealth Systems : Craig Pearson Founder & CEO Mooresville, NC privatewealthsystems.com Private Wealth Systems is reimagining the world of ultra- high net worth portfolio management through a cloud-based platform uniquely designed to improve efficiency, accuracy and agility. UHNW individuals, family offices and private banks leverage Private Wealth Systems to transform how they aggregate investment data, validate data accuracy, report on multi-asset class portfolio performance and evolve complex investment portfolios over time. Fintech Solution Providers 2022 Innovative 20Techrules : Jaime Bolivar & Raúl Lacaci Managing Director Pozuelo de Alarcón, Comunidad de Madrid techrules.com TechRules is leading the digital revolution in Wealth and Asset Management. TechRules provides WealthTech expertise for business automation at financial entities. Their modular and APIfied solutions enhanced with AI can solve a wide range of specific demands in accordance with regulatory requirements. SaaSOptics : Tim McCormick CEO Peachtree Corners, GA saasoptics.com SaaSOptics gives early-stage and growing SaaS and subscription businesses the ability to eliminate customers dependency on spreadsheets and streamline their financial operations and reporting. SaaSOptics' robust analytics engine delivers all the SaaS analytics customer need to run their subscription business: MRR, ARR, Cohort, CLV, projections, renewal rates and churn. Sikka Software : Vijay Sikka Founder & CEO San Jose, CA sikka.ai sikka.ai is reimagining the retail healthcare market using a single API cloud platform with Artificial Intelligence and Predictive Analytics. They focus on non-physician practices including dentistry, veterinary, optometry, chiropractic, orthodontics, oral surgery and more. sikka.ai now has over 34,000 practice installations on its platform. Thegoldensource : John H. Eley CEO New York, NY GoldenSource makes it easy to manage critical reference, market and risk data. They offer integrated Enterprise Data Management (EDM) software solutions for the securities and investment management community. GoldenSource EDM is optimized for the next wave of business, operations and IT needs, addressing the evolving demands of multi-regulatory compliance and reporting, harmonized data across the organization, and productivity gains through automation and IT rationalization. Fintech Solution Providers 2022 Innovative 2018 Asset-Map : Simplifying the Future of the Financial Industry T he optimism in fintech investment globally is extreme as entering 2022, with various subsectors well- positioned to evolve and new ones expected to emerge. Organizations offering technology-powered financial services to make lives easier are on the rise. Asset- Map is a Software-as-a-Process experience for financial professionals who offer in-person and remote advice in the wealth management, investment, and insurance markets. As part of the advice engagement process, it centers around the digital visualization of household facts to create highly customized, design-thinking presentations in minutes that help advisors and their customers make better financial decisions. Asset-Map is a financial technology solution that enables client profiling data collection, empowers financial professionals with easy- to-use, needs-based financial planning, provides a best-in-class client engagement experience. It simplifies cross-selling and opportunity discovery through an engaging one-page visual of a client's economic life cycle. Their reports focus on building a financial visualization in a singular view for ongoing and critical communication about what needs attention in the context of holistic guidance. An Asset-Map Report is a visual experience that displays all of a household's members, entities, financial assets, liabilities, cash flows, and insurance policies. This provides an advisor with a straightforward way to quickly address gaps in a financial plan and uncover new opportunities to elevate their clients' condition. To help financial advisors and firms understand their entire book of business, the Household Index allows for filtering and sorting all households currently within the Asset-Map team. This dynamic reporting of financial parameters helps better understand client segments and drive opportunities for targeted conversations. A five-year study tracking line-specific production of 7,590 new and experienced advisors found a consistent correlation between advisors who use Asset-Map and increases in production in almost all lines of business. Advisors who used Asset- Map produced $69,488,039 more between 2015 and 2019 than their non-using counterparts. The challenge faced by financial experts is narrowing down the areas of the customer experience to focus on now since they're all critical. Asset-Map surveyed to determine which milestones existed for both customers and advisors along the customer experience journey from start to end. The Advice Journey Survey from Asset-Map uncovered significant insights into the experience. By overlapping these respondents' perceptions, expectations, and experiences, they built a framework of the typical journey from the initial introduction of an advisor to supporting the ongoing relationship between customers and their advisors. The top overlap concerns from all parties are inspected in their findings to find out which investments are crucial for small and large financial services firms. Recently Asset Map announced the expansion of its platform with Signals. Designed to bridge the gap between validating a household's current financial decisions and new planning opportunities, Signals automatically identify the financial capacity to weather six critical events that commonly disrupt a client's financial security. Signals will hasten conversations between financial professionals and clients with simple, visual keys to bring attention to the potential impact due to a financially disruptive event. "The biggest challenge clients face is knowing if they will be 'OK' financially. Traditionally, professional advisors have spent significant time collecting data and analyzing financial forecasts," says H. Adam Holt, CEO, and Founder of Asset-Map. "Signals provide immediate feedback to Asset-Map users with red, yellow, and green indications of the client's household well-being. Financial professionals don't need more complexity from their technology. They need solutions that make it easier and faster to deliver relevant advice. If the engine light in your car goes on, you know what to check. Signals is designed to give professionals the same experience when providing advice by alerting them to potential perils before they can disrupt a client's financial health," he added. H. Adam Holt, Founder & CEO Fintech Solution Providers 2022 Innovative 20Next >