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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.
Instnt’s fully-managed Customer Acceptance Platform helps businesses sign up and accept 50% more good customers with zero fraud loss for good, with continuous, portable identity assurance.
Features
One-click frictionless customer acceptance
Day 0 to Day N continuous identity assurance
Decentralized, reusable KYC verification
Why it’s great
Instnt provides frictionless customer acceptance experiences without compromising on security, risk and compliance.
Presenters
Sunil Madhu, CEO Madhu is a serial entrepreneur operating in Security, Risk & Compliance for over 30 years. Recently, he founded and was the CEO of Socure. LinkedIn
Justin Kamerman, CPO Kamerman has over 20 years of experience designing and building high performance distributed systems in the telecommunications, IPTV, identity verification, social media analytics, and IIoT industries. LinkedIn
A look at the companies demoing at FinovateFall on September 13-15, 2021. Register today and save your spot.
Instnt is a fully managed customer onboarding solution for with up to $100 million in fraud loss insurance. It helps businesses sign-up and onboard twice as many good customers without the fraud losses.
Features
AI-powered managed service that replaces vendor integration and human orchestrated waterfalls
No Code/Low code integration without giving up ownership of user journey
Fraud loss insured up to $100 million
Why it’s great Instnt is the first AI-powered managed onboarding service that replaces human-driven vendor integration and orchestration and is also the only offering in the market with fraud loss insurance.
Presenters
Sunil Madhu, CEO & Founder As the Founder and previous CEO of Socure and a leader in AI-driven fraud, Madhu has spent over 20 years innovating in the Identity & Access Management, Security, Governance, and Risk and Compliance markets. LinkedIn
Justin Kamerman, Chief Product Officer Kamerman has over 20 years experience designing and building high performance distributed systems in the telecommunications, IPTV, identity verification, social media analytics, and IIoT industries. LinkedIn
FinDEVr, our conference series dedicated to developers in fintech and financial services, is back. We’re saving the final day of FinovateSpring this year to shine a light on the role that developers continue to play in building and applying the technologies that keep fintech at the cutting edge.
Some of Finovate’s most illustrious alums have, in fact, been alums of FinDEVr. Among those at the top of the list are innovators like Plaid. The company, nearly acquired by Visa for more than $5 billion last year, was a big part of one of our earliest FinDEVr events in 2014 where it introduced its “API for Financial Infrastructure” to fintech audiences.
FinDEVr has also served as a platform for innovative fintechs not just from outside of Silicon Valley, but from outside the U.S., as well. An excellent example of this kind of FinDEVr alum is Nubank. Making its FinDEVr debut at our first developers conference on the east coast, FinDEVr New York, in 2016, the Brazilian financial services startup has grown into a major regional neobank and the biggest fintech in Latin America with more than 34 million customers.
For this year’s return, FinDEVr will feature a quintet (or more!) of innovative companies that are busying building tomorrow’s fintech today. Each company will provide both a TECHTalk and an informative workshop to dive deeper into the enabling technologies being discussed. Take a look at our current line-up below, as well as the topics we’ll be talking about.
Connecting Siloed Financial Data: Open Banking’s Impact on the Financial Experience
Join Finicity as they explore the implications of an open financial ecosystem, shifting control to consumers, what the impact is for technologists and developers, and how open banking is being leveraged to improve financial literacy and inclusion. Finicity will follow this with a workshop on how to leverage the power of open banking with a hands-on introduction to their platform. Learn more.
The Tango: Operationalizing Predictive Models, an Engineering and Data Science Collaboration
Instnt will examine the different workflows followed by data science and engineering and discuss why they must come together in the deployment and maintenance of application models. The conversation will be followed by a workshop on rapid feature development and analysis in the identity verification space. Learn more.
Simplifying the complex with an innovative tech stack
LoanPro’s TECHTalk will discuss the importance of a modern and secure technology stack that is cloud-based, uses a configuration first approach, and maintains security throughout the process. LoanPro will follow up with a workshop on how to connect with and build loans via LoanPro’s API in less than 90 minutes. Learn more.
Data for sustainability
What is the relationship between data, sustainability, and financial services? In their TECHTalk Ecolytiq will discuss how their Sustainability-as-a-Service model helps ensure that financial institutions have access to relevant, contextual information at the right time. After the presentation, Ecolytiq will lead a conversation on how to ethically manage different data assets, and how to integrate them into the decision-making process. Learn more.
Scalable fintech product development
How can product development teams keep up with the rapid pace of fintech product adoption while remaining efficient and keeping costs down? Praxent’s TECHTalk will examine this challenge in greater detail and highlight ways to resolve productivity challenges. The workshop afterward will feature best practices for identifying bottlenecks in the development process and how to accurately benchmark your team’s progress. Learn more.
A look at the companies demoing at FinovateSpring Digital on May 10 through 13, 2021. Register today and save your spot.
Instnt is the first fully managed customer onboarding platform with a warranty against fraud losses.
Features
Fully managed onboarding platform with a guarantee to sign up more good customers
Codeless integration and a compendium of sophisticated features
Fraud loss insurance for up to $100 million annually
Why it’s great Instnt manages the onboarding process as well as the fraud for businesses so they can focus on building their topline revenue and their product.
Presenter
Sunil Madhu, CEO & Founder Madhu is a serial entrepreneur with IPO and acquisition exits including Socure (Series-C venture-backed), Hopskoch (M&A exit to WPP), Securent (M&A exit to Cisco), and Netegrity (IPO). LinkedIn
A new partnership will enable customer onboarding platform Instnt to leverage phone intelligence-based authentication to enable firms to “green light” more customers without having to resort to time-consuming, knowledge-based authentication protocols. The company announced that it has teamed up with Prove, whose technology is used by more than 1,000 businesses and 500 bank clients to provide frictionless, passive authentication to their customers.
“As mobile devices have become the de-facto second-factor authentication tool, Prove’s robust phone intelligence technology becomes a crucial component to enable frictionless digital acceptance and authentication of consumers on Instnt’s digital customer onboarding managed service,” Instnt CEO and founder Sunil Madhu explained. “Through this partnership, Instnt aims to bring digital inclusion and one-click federated sign-up to consumers across mobile apps and websites on the internet.”
Instnt enables retail financial institutions and e-commerce merchants to sign up more customers with less risk and fewer fraud losses. Using Instnt’s technology, companies follow a simple, three-step process to create their digital sign-up form and generate a single line of code. This code is added to their website or app to create the onboarding functionality. Instnt leverages AI-powered predictive analytics to validate the user and the device being used during the onboarding process, conducting device and cohort analysis, network analysis, and data validation and verification to provide high accuracy and “requirement levels of compliance.” Instnt goes so far as to indemnify users of its customer onboarding offering for up to $100 million in annual fraud losses.
Instnt’s partnership with Prove comes just weeks after the company announced that it was collaborating with ComplyAdvantage. The partnership will bring machine learning and natural language processing-powered financial crime detection capabilities to Instnt’s onboarding and verification platform. Instnt began the year raising $2.9 million in seed funding from Charge Ventures, Fantail Ventures, Third Prime, and Revel Partners.
Based in New York City, Instnt made its Finovate debut last year at FinovateFall. The company returns to Finovate’s all-digital stage in November for FinovateWest Digital. Find out more about our upcoming live and on-demand fintech event, November 23 through 25.
A look at the companies demoing live at FinovateFall on September 23 through 25, 2019 in New York City. Register today and save your spot.
Instnt Inc. is the first customizable, risk and compliance liability insured, online account opening and onboarding service for businesses.
Features
Increase revenue by reducing your rejection rates
Shift your risk and compliance costs and loss liability for onboarding with a single line of code
Cut operating costs by outsourcing onboarding
Why it’s great Instnt helps improve business’ approval rates
Presenters
Sunil Madhu Madhu is a serial entrepreneur with IPO and acquisition exits including Socure (Series C, venture backed), Hopskoch (M&A exit to WPP), Securent (M&A exit to Cisco), and Netegrity (IPO). LinkedIn
Mimi Salcedo Salcedo was the first Product Manager at Simple Finance and went on to co-found WinWin (acquired in 2019). She is now Instnt’s co-founder and VP of Product. LinkedIn
PNC now usingRipple’s XRP for cross-border payments.
Mortgage Media interviews Steve Butler, founder and GM of AI Foundry.
Flywirepartners with Vietnam Prosperity Bank to simplify international tuition payments for Vietnamese students.
InSpirAVE is being issued its first patent for the technology underlying its savings social network system. The patent is part of the company’s portfolio of patents published internationally.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
