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ebankIT Teams Up with Finotta to Deliver Personalized Financial Guidance

ebankIT Teams Up with Finotta to Deliver Personalized Financial Guidance
By David Penn Posted on
Categories: Alumni News, Daily news, ebankIT, Finotta
  • Embedded finance company Finotta has teamed up with banking software provider ebankIT.
  • The partnership will integrate Finotta’s Personified Personalized Financial Guidance platform with ebankIT’s digital banking solution.
  • Both Finotta and ebankIT are Finovate alums. ebankIT most recently demoed its technology at FinovateEurope in March. Finotta made its Finovate debut at FinovateFall 2022.

Embedded finance company Finotta has forged a new partnership with omnichannel banking software firm ebankIT. The partnership will integrate Finotta’s Personified platform with ebankIT’s digital banking solution in order to deliver better financial wellness tools and Personlized Financial Guidance (PFG) to customers worldwide.

Finotta’s Personified platform provides an automated and personalized mobile banking experience. Personified includes a financial coach, a financial health leveling system, automated financial guidance, predictive product referrals, digitized relationship building, the ability to make internal and external transfers, and more. The suite of solutions helps financial institutions address customer needs and respond to them from within the digital banking platform.

Personal finance is often treated as a local concern. However, Finotta founder and CEO Parker Graham put this week’s integration in an international context. “Financial wellness is a global imperative that transcends borders, affecting individuals and communities everywhere,” Graham said. “In partnering with ebankIT, we’re not just future-proofing financial institutions, we’re elevating the financial well-being of users and underscoring innovation as the bedrock of customer loyalty.”

ebankIT CEO Renato Oliveira said that delivering “humanized, personalized, and accessible digital experiences” is a priority for ebankIT “from day one.” He added, “At ebankIT, we recognize that the future of digital banking hinges on seamless omnichannel capabilities and enriched user experiences.” Oliveira called the partnership with Finotta “an extension of that commitment.”

Founded in 2014, ebankIT is headquartered in Portugal. The company has been a Finovate alum since winning Best of Show in its Finovate debut at FinovateEurope 2015. The company most recently demoed its technology at FinovateEurope earlier this year. At the conference, ebankIT introduced a new range of features on its digital banking platform. Among these features was a tool to help banks and credit unions better anticipate customer needs.

Over the summer, ebankIT announced a strategic partnership with digital transformation and cybersecurity consultancy, Online Business Systems. More recently, the company teamed up with Home Trust. Via the partnership, ebankIT helped the Canada-based mortgage broker launch its new digital banking platform.

Founded in 2018, Finotta is a newcomer to the Finovate stage. The Overland Park, Kansas-based company made its debut last year at FinovateFall 2022. Finotta announced in August that its Personified platform increased user engagement to an average of 13 minutes per month. Graham credited the difference between Finotta’s Personalized Financial Guidance platform and traditional personal finance management solutions.

“To better capitalize on existing digital banking investments and increase share of wallet all while lowering acquisition costs, banks need to shift their focus away from PFMs and instead embrace Personalized Financial Guidance,” Graham said. “By focusing on guiding customers through their financial journey, they increase the amount of time users spend in the app.”

Photo by Daniel Frese

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FinovateEurope 2023 Sneak Peek: ebankIT

FinovateEurope 2023 Sneak Peek: ebankIT
By Madeline Clines Posted on
Categories: ebankIT, FinovateEurope 2023, FinovateEurope 2023 Sneak Peek

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot.

ebankIT enables banks and credit unions to future-proof their digital strategy and to offer a proactive, interactive, and consistent experience through every banking channel.

Features

  • Includes a new tool to anticipate clients’ needs
  • Provides back-office ratings of each user experience
  • Uses data so banks know the best way to address each customer
  • Alerts clients when a bug is solved and why it happened

Why it’s great

A tool that assesses the banking app performance of each client and uses that data to give customers an experience tailored to their unique needs and past experiences. That’s what ebankIT does.

Presenters

Pete Atkinson, VP of Global Sales
Atkinson has spent much of his career working at the convergent point of technology, business, and consumers. He is VP of Sales at ebankIT and for the last 15 years has helped FIs to digitally transform.
LinkedIn

Joana Lucas, Sales Development Representative
Lucas is a financial industry enthusiast, experienced in Financial Markets, Banking, and Fintech space. Her current mission: Help FIs humanize their digital banking worldwide via ebankIT´s omnichannel capabilities.
LinkedIn

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Salt Edge and ebankIT Team Up to Help Financial Institutions Maximize the Opportunity of Open Banking

Salt Edge and ebankIT Team Up to Help Financial Institutions Maximize the Opportunity of Open Banking
By David Penn Posted on
Categories: Alumni News, Daily news, ebankIT, Salt Edge
  • A pair of Finovate alums — Salt Edge and ebankIT – have teamed up to help financial institutions leverage open banking to provide more services to customers.
  • The partnership will enable ebankIT’s bank and credit union clients to access accounts from more than 5,000 financial institutions.
  • Salt Edge is headquartered in Toronto, Ontario, Canada. ebankIT is based in Porto, Portugal.

A newly announced partnership between Finovate alums ebankIT and Salt Edge will help financial services companies in Canada, Europe, and elsewhere to maximize the opportunity of open banking. The partnership will enable ebankIT to empower banks and credit unions to access accounts from more than 5,000 banks. At the same time, working with Salt Edge – an ISO 27001 certified company licensed as an AISP under PSD2 – will ensure that open banking compliance requirements across regions will be fulfilled.

“At ebankIT, we understand that Open Banking is the way forward when it comes to humanizing the digital banking experience for millions of end-users worldwide,” ebankIT Head of Sales HQ and Partnerships Pedro Leite said. “That’s why we believe that this partnership with Salt Edge will bring great benefits to our ecosystem of financial institutions.”

With its Omnichannel Digital Banking Platform, ebankIT helps financial institutions to make digital transformations, regardless of their size. Currently licensed to FIs in 11 countries, ebankIT’s platform enables banks and credit unions to offer customer experiences across all modern digital channels, from online and mobile to wearables and the metaverse. A Best of Show winner at FinovateFall in 2019, the Portugal-based company most recently demonstrated its technology this spring at FinovateEurope.

In addition to its partnership with Salt Edge, ebankIT has teamed up with other Finovate alums in 2022. In October, the company announced that it was working with multiple-time Finovate Best of Show winner MX to integrate MX’s Insights and Personal Financial Management (PFM) tools into its digital banking platform. Earlier this year, ebankIT announced a collaboration with another multiple-time Finovate Best of Show winner, Horizn. This pact is designed to help financial institutions smoothly launch new ebankIT platform deployments for both front-line employees and customers.

Salt Edge, which demoed its technology at a part of FinovateEurope in 2018 and 2019, was founded in 2013 and is headquartered in Toronto, Ontario, Canada. The company offers both an open banking gateway – to help companies access account information, conduct payment initiation, and leverage data enrichment to turn raw data into actionable insights – as well as a PSD2 compliance hub. Salt Edge’s compliance hub provides a full-stack compliance solution for banks and electronic money institutions, strong, mobile customer authentication, and TPP verification.

“As two cutting-edge tech players pursuing to revolutionize the financial world, we strive to create innovative solutions that will improve financial services for both institutions and consumers,” Salt Edge Chief Growth Officer Alina Beleuta said. “By teaming up, we can double our forces to bring innovations to the financial landscape through seamless open banking solutions.”

Photo by Lisa Fotios

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FinovateFall 2022 Sneak Peek: ebankIT

FinovateFall 2022 Sneak Peek: ebankIT
By Madeline Clines Posted on
Categories: ebankIT, FinovateFall 2022, FinovateFall 2022 Sneak Peek

A look at the companies demoing at FinovateFall in New York on September 12 and 13. Register today and save your spot.

ebankIT is an Omnichannel Banking Platform. This Finovate, ebankIT will demo new features, from crypto management to open banking, all while gathering user feedback.

Features

User Engagement Hub to transform FIs:

  • Knowledge based with in-app interactive demos of all features
  • Ability for users to vote on new feature releases
  • Features available through an early adopter program

Why it’s great

It’s all about agility and having financial institutions launch exceptional user experiences at a fast speed. ebankIT does it all through its Omnichannel Digital Banking Platform.

Presenters

Pete Atkinson, Vice President of Sales
Atkinson has spent much of his career working at the convergent point of technology, business, and consumers. He is VP of Sales at ebankIT and for the last 15 years has helped FIs to digitally transform.
LinkedIn

Joana Lucas, Sales Development Representative
Financial industry enthusiast, experienced in Financial Markets, Banking, and Fintech space. Current mission: help FIs humanize their digital banking worldwide via ebankIT’s omnichannel capabilities.
LinkedIn

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eBankIT Teams Up with Wise to Enable Banks to Offer Faster, Cheaper Money Transfers

eBankIT Teams Up with Wise to Enable Banks to Offer Faster, Cheaper Money Transfers
By David Penn Posted on
Categories: Alumni News, Daily news, ebankIT, Wise

A pair of long-time Finovate alums have teamed up to give banks and other financial institutions access to faster, more affordable international money transfers.

Bank software innovator ebankIT and worldwide money transfer platform Wise (formerly Transferwise) announced today that Wise’s international money transfer service will be the first solution of its kind to be made available on the ebankIT platform marketplace. Relied upon by financial institutions to build up their digital banking service options, the marketplace will enable these firms to add the money transfer service to their offerings without having to integrate it separately on their own.

“We believe in a better future for banking with true omnichannel capabilities – and international transfers are an essential part of this,” ebankIT CEO Renato Oliveira said. “By bringing together Wise, ebankIT, and our clients, we are changing international transfers for everyday people across the world. We’re delighted to offer Wise platform to our clients, so they can instantly tap into Wise’s world-leading infrastructure.”

Wise Platform has 12 distribution partners and 18 banks in 11 countries using the technology, along with seven enterprises. The company notes that 40% of its transfers are delivered in less than 20 seconds, and Wise charges no hidden fees by way of exchange rate mark-ups or other calculations. On average, Wise’s international money transfers are as much as eight times less expensive than those offered by traditional money service firms and other providers.

“For too long, international transfers have been slow, inconvenient, and blighted by traditional providers charging high, hidden fees,” Wise Head of Product Steve Naudé said. “It’s time for change. We aim to set a new global standard for international transfers across the industry. We’re thrilled to be working with ebankIT, a company that shares our vision. Together, along with ebankIT’s network of banks and financial institutions, we can help drag international transfers into the twenty-first century.”

Rebranding as Wise in February, the company formerly known as Transferwise has been a Finovate alum since its appearance on stage at FinovateEurope in 2013. In the years since, the London-based company has reached more than eight million customers worldwide and transfers more than $7.5 billion in customer funds every month. Wise’s technology currently comes pre-integrated in a number of core banking platforms including those from Temenos, Mambu, and Thought Machine.

The company went public on the London Stock Exchange this summer, earning a market valuation of $11 billion. Last month, Wise announced an integration with The Orchard, a subsidiary of Sony Music that specializes in music distribution and artist services. The partnership offers the company a more streamlined way for music labels to make royalty payments to musicians in multiple countries and currencies.

A Finovate Best of Show winner in 2019, ebankIT was founded in 2014 and is headquartered in Porto, Portugal. The company’s core-agnostic Omnichannel Digital Banking platform was recognized last year in both Gartner’s Market Guide for Multichannel Digital Banking Solutions and its Market Guide for Digital Banking Platforms. In partnership with Celero, a Canada-based solutions integrator for credit unions and other financial institutions, ebankIT’s technology this year has powered digital transformations at institutions such as Swan Valley Credit Union, 1st Choice Savings and Credit Union, and Entegra Credit Union.

Photo by Paul IJsendoorn from Pexels

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New York’s Finest: Catching Up with FinovateFall’s Best of Show

New York’s Finest: Catching Up with FinovateFall’s Best of Show
By David Penn Posted on
Categories: Alumni profile, BlytzPay, Cinchy, College Aid Pro, ebankIT, FinovateFall 2020, Glia, MX, owl.co, Pinkaloo, Zogo Finance

What have the companies that won Best of Show awards at last year’s FinovateFall conference been up to in the months since our New York show? With our autumn event less than a month away, we thought it would be a great time to check in on the nine companies that took home top honors this time last year.

BlytzPay – Integrated its digital payments technology with Dealer Management Systems (DMS) leader ABCoA Deal Pack. Announced strategic partnership with AFS Dealers.

Cinchy – Joined the 2020 MassChallenge FinTech Program in December 2019 along with five fellow Finovate alums. The program noted that 70% of the participants in its previous cohort launched a pilot or proof of concept within a year. Earned a $500,000 cash prize as one of the winners of the 2019 VentureClash competition. Raised $10 million in funding in May.

College Aid Pro – Partnered with Horsesmouth, a company that provides educational and marketing solutions for financial advisors and their clients. Announced collaboration with the American Institute of Certified College Financial Consultants. Teamed up with online student loan refinancing marketplace Credible.

ebankIT – Forged North American partnership with fellow Finovate alum Enterprise Engineering this spring. Announced updates to its multichannel banking platform.

Glia – Won Best of Show at FinovateEurope for a second year in a row. Integrated its technology with fellow Finovate alum Alkami’s Online Banking Platform. Inked partnerships with 20 credit unions across the U.S.

MX – Topped 50,000 direct-to-bank API agreements to major financial institutions and fintechs. Launched data connectivity API, Path by MX. Named one of Inc. Magazine’s Best Workplaces 2020.

owl.co – Named one of Canada’s Most Innovative Tech Companies by the Canadian Innovation Exchange. Delivered $1 million in revenue within six months of launching.

Pinkaloo Technologies – Raised $1.25 million in funding. Joined Goldman Sachs-owned Ayco Marketplace for financial counseling and wellness services. Partnered with Eastern Bank to power its Give for Good charitable giving program.

Zogo Finance – Teamed up with fellow Finovate alum Bankjoy. Announced partnerships with 11 community banks and credit unions across 12 states. Surpassed 1,000,000 financial literacy modules completed.

FinovateFall Digital 2020 kicks off Monday, September 14 and continues through Friday, September 18 with hours of live and on-demand content. Visit our registration page today and join us for Finovate’s biggest, digital-first event to date.

Photo by Yuting Gao from Pexels

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ebankIT and Enterprise Engineering Forge North American Partnership

ebankIT and Enterprise Engineering Forge North American Partnership
By David Penn Posted on
Categories: Alumni News, Daily news, ebankIT, Enterprise Engineering

Finovate Best of Show winner ebankIT is working with fellow Finovate alum Enterprise Engineering (EEI) to launch a new omnichannel banking solution geared toward financial institutions in North America in general, and the U.S. in specific.

The collaboration will combine Enterprise Engineering’s experience as an integrator and advisor on digital transformation and open banking with ebankIT’s omnichannel digital banking platform.

“This partnership is an important step on the consolidation of our growth strategy for the North American market, where we already have a significant presence,” ebankIT CEO Renato Oliveira said. “With the change of both operations and customer service models, it is essential for banking organizations to have a flexible and sophisticated solution, capable of bringing a true omnichannel experience, which is exactly the main strength of ebankIT.”

The companies previewed this initiative back in February. The joint venture is geared toward helping banks and credit unions in the U.S. offer full-service banking capabilities, including leading-edge technology solutions, to their customers. EEI and ebankIT are marking this latest development in their relationship with a series of educational, half-day seminars on Open Banking beginning this month in New York City.

“This partnership represents a terrific opportunity for EEI and ebankIT,” EEI founder George Anderson said when the collaboration was announced. “Our product sets are extremely complimentary and are best-in-class in our target markets.” Anderson noted that the partnership will result in “impossibly fast time to market and ROI for our joint customers.”

Founded in 2014 and maintaining offices in Porto, Portugal and London, U.K., ebankIT demonstrated its Digital Concierge 2.0 solution at FinovateEurope earlier this year. The technology unites financial and third party services via open banking integrations and channel analytics to provide relevant and engaging customer journeys.

Enterprise Engineering participated in our developers conference, FinDEVr Silicon Valley, presenting its Trusted Network Platform, an advanced data aggregation and management solution. A WealthManagement.com 2018 Industry Award winner, New York-based Enterprise Engineering was founded in 1995.

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FinovateFall Demo Videos Are Live

FinovateFall Demo Videos Are Live
By Julie Muhn (@julieschicktanz) Posted on
Categories: Cinchy, College Aid Pro, ebankIT, FinovateFall 2019, Glia, MX, owl.co, Pinkaloo, Zogo Finance

Maybe you missed your chance to attend FinovateFall earlier this month. Or maybe you want to watch your favorite demos over again. Either way, today’s your day. We’ve just released all of the videos from the 75 companies that demoed their fintech on stage.

All of the 7-minute demos are available to stream and download for free at Finovate.com. And if you don’t know where to begin, we’ll get you started with the nine demos that won Best of Show at the event.

BlytzPay

Cinchy

College Aid Pro

ebankIT

Glia

MX

owl.co

Pinkaloo Technologies

Zogo Finance

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FinovateFall Best of Show Winners Announced

FinovateFall Best of Show Winners Announced
By David Penn Posted on
Categories: Best of Show, BlytzPay, Cinchy, College Aid Pro, ebankIT, FinovateFall 2019, Glia, MX, owl.co, Pinkaloo, Zogo Finance

The votes have been cast and the ballots counted. And after two days of live fintech demos from 75 innovative companies, here are the best of the best: the companies our attendees have deemed FinovateFall’s Best of Show.

BlytzPay for its text-to-pay solution that makes billing and communication simple, streamlined, and secure while providing flexibility to pay by card, check, or cash. Demo video.

Cinchy for its Data Collaboration Platform that lets data work the way it should: connected, controlled, and accessible for real-time collaboration. Demo video.

College Aid Pro for its innovative technology, supported by a community of financial advisors, that changes the way America shops for college. Demo video.

ebankIT for its omnichannel digital banking platform that helps banks and credit unions transform their businesses. Demo video.

Glia for its technology that creates digital-first moments that simplify and transform communications between businesses and their customers. Demo video.

MX Technologies for its platform that helps financial institutions and fintechs quickly and easily collect, enhance, analyze, present, and act on their financial data. Demo video.

owl.co for its instant KYC/AML tool that automates enhanced due diligence on both individuals and companies. Demo video.

Pinkaloo Technologies for its solution that helps financial institutions attract and retain customers and increase deposits and fees by powering their customers’ charitable giving. Demo video.

Zogo Finance for its technology that leverages partnerships with financial institutions to reward kids for learning financial literacy. Demo video.

Those in attendance at this year’s FinovateFall can attest to the energy and enthusiasm that characterized our conference this week. Congratulations to all 75 of the companies that demonstrated their fintech innovations on stage and a heartfelt thanks to our partners, sponsors, and onsite tech team for making this year’s autumn event a smashing success.

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.
2. Attendees were encouraged to note their favorites during each day. At the end of the last demo, they chose their three favorites.
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”
4. The nine companies appearing on the highest percentage of submitted ballots were named “Best of Show.”
5. Go here for a list of previous Best of Show winners through 2014. Best of Show winners from our 2015 through 2019 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017
FinovateSpring 2017
FinovateFall 2017
FinovateAsia 2017
FinovateMiddleEast 2018
FinovateEurope 2018
FinovateSpring 2018
FinovateFall 2018
FinovateAsia 2018
FinovateAfrica 2018
FinovateEurope 2019

FinovateSpring 2019

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FinovateFall Sneak Peek: ebankIT

FinovateFall Sneak Peek: ebankIT
By David Penn Posted on
Categories: ebankIT, FinovateFall 2019, FinovateFall 2019 Sneak Peek

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.

Digital Concierge from ebankIT is designed to be a true customer ally. Combining financial products and 3rd party services, Concierge provides customer journeys, delighting client needs at a swipe of a finger.

Features

  • Open Banking with 100+ APIs already integrated with top core banking systems
  • Personalized customer journeys to enhance loyalty and engagement
  • Digital banking transformation

Why it’s great
ebankIT’s Digital Concierge generates new and effective customer journeys adjusted to clients’ preferences, enhancing their digital experience. Your client at the heart of your business.

Presenters

Pete Atkinson, VP of Global Sales
Atkinson has spent much of his career operating at the convergent point of technology and consumers.
LinkedIn.

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Finovate Alumni News

By David Penn Posted on
Categories: All of Us, Avaloq, BidMoni, Breach Clarity, CashDirector, ebankIT, Finscend, Flybits, Plinqit, TelosTouch, Temenos, Trustly

On Finovate.com

Around the web

  • Temenos teams up with Scotland-based neobank Alba.
  • Avaloq launches new Cost & Fee Analytics solution.
  • CashDirector earns a spot in Plug and Play’s Fintech Europe innovation platform.
  • Trustly partners with ECOMMPAY to fuel online banking payments across Europe.

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.

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Finovate Alumni News

By David Penn Posted on
Categories: Ayasdi, Bambu, CardFlight, Corezoid, ebankIT, Ellie Mae, Eltropy, Enterprise Engineering, Experian, LoanScorecard, Moxtra, Onfido, PasswordPing, Roostify, Sezzle, ThetaRay

On Finovate.com

  • CardFlight Launches SwipeSimple Customers to Support Card Data Management.
  • Roostify Teams Up with Ellie Mae to Boost Efficiency in Mortgage Lending.

Around the web

  • Experian and Close Brothers Retail Finance pilot Mobile for Credit service for U.K. gamers.
  • New Penn Financial goes live with Portfolio Underwriter from Loan Scorecard.
  • PasswordPing earns finalist spot in 2018 “Innovation Quotient” IQ Awards.
  • Ukraine’s Akhmetov Bank leverages Corezoid’s cloud-based operating system.
  • ebankIT and Enterprise Engineering forge strategic partnership for the North American market.
  • Bambu, Eltropy, Moxtra, and Onfido are among the startups selected for Plug and Play Singapore’s inaugural fintech and insurtech program.
  • TECHdotMN profiles Sezzle founder and CEO, Charlie Youakim.
  • Forbes Middle East highlights Ayasdi and ThetaRay in look at how AI is helping solve financial crime.

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.

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