fintech solutions - FinTecBuzz https://fintecbuzz.com Fintech News Tue, 10 Sep 2024 11:56:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://fintecbuzz.com/wp-content/uploads/2019/04/cropped-Original-black-FinTech-512-32x32.png fintech solutions - FinTecBuzz https://fintecbuzz.com 32 32 FinTech Interview with Pete Major, VP of Fintech Solutions at Member Driven Technologies https://fintecbuzz.com/fintech-interview-with-pete-major/ Tue, 10 Sep 2024 13:30:48 +0000 https://fintecbuzz.com/?p=64650

Pete Major of Member Driven Technologies shares key fintech strategies for credit unions, tips for evaluating fintech partners, and the role of AI in financial services.

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Pete Major, VP of Fintech Solutions at Member Driven Technologies

Pete has over 25 years of experience in the banking industry. Prior to MDT, he spent 15+ years with Jack Henry, most recently serving as the director of Symitar implementations. Pete brings with xhim extensive systems experience in front-office, back-office, payments, IT processing, consulting, mergers, conversions, and integrations.

Pete, please guide us through your background and your role as VP of Fintech Solutions at Member Driven Technologies?
I have over 25 years of experience in financial services, spanning front-office and back-office operations, payments, IT processing, consulting, mergers, conversions and integrations. Prior to MDT, I spent over 15 years at Jack Henry with my last position being the director of Symitar implementations.

Even in my previous role, I admired MDT’s deep commitment to clients, employees and its dynamic culture, which are major reasons I ended up here. My passion is helping credit unions leverage the most effective technology and solutions to meet their unique needs and ultimately enhance member service, helping solidify our credit unions’ position as the financial partner of choice in their communities. As VP of Fintech Solutions, I support our clients with fintech integrations and strategy, helping them navigate today’s complex landscape to remain competitive and successful.

For banks and credit unions, what are the key considerations when evaluating potential fintech partners?
When evaluating potential fintech partners, there are several factors that institutions should consider to ensure alignment with their innovation goals and strategic priorities. First, prioritize fintech investments based on cost-effectiveness and their impact on the institution’s overarching strategy. Does the solution solve a pressing problem or business need? Some common top priorities include digital banking solutions, payment systems, efficiency improvements, and security/fraud prevention technologies along with technology that can drive deposits.

It’s also critical to make sure the potential partner has a strong values and culture match. If the fintech doesn’t align with the institution’s long-term vision, the implementation is likely to be disruptive instead of transformative. Finally, thoroughly evaluate the fintech’s track record (which should include reaching out to others who have leveraged the technology), their approach to data security and compliance, and its ability to integrate seamlessly with existing systems.

Prioritizing fintech partners based on overarching strategy, culture and values alignment – as well as extensive due diligence – will be best positioned for success.

What are the common pitfalls that financial institutions should avoid during the fintech selection process?
A major one is innovation for innovation’s sake. Community-focused institutions in particular have limited time and resources, so it’s critical for their attention to be dedicated to deploying technology that squarely supports the organization’s high-level strategy. If innovation is not a key part of your credit union’s strategy, then avoid the ‘shiny new thing’ and focus on investing in technology that augments your institution’s competitive differentiators.

Another common pitfall is only assessing the fintech’s sales and business development team. While these contacts might be great, what will matter most is connection and collaboration with who the institution will be working with on a daily basis, such as the fintech’s operational and support teams. Make sure there is good chemistry between key players.

How important is it for a fintech solution to align with the existing processes and culture of a financial institution?
It’s extremely important; even the most advanced technology can be harmful rather than helpful if it doesn’t align with the institution’s overarching mission or long-term vision. As part of this ‘vibe check’, institutions should evaluate the fintech’s commitment to the customer or member experience, their risk appetite and their view of technology’s role in the broader ecosystem. It’s important to understand how well the fintech solution integrates with existing processes, complements the company culture and advances organizational goals.

Please keep in mind that this isn’t the greenlight to make new fintech solutions to fit into existing processes that have been in place for 20 years. You will likely not gain the efficiencies you’re looking for if you take this approach. Be willing to consider different approaches to existing processes and make the changes that make sense from an ROI perspective.

Can you share some best practices for conducting thorough due diligence on potential fintech partners?
There are several key areas that should be thoroughly vetted to ensure a successful and secure partnership. This includes factors such as the solution’s technical architecture, integration points with existing systems, security posture and the company’s financial position. While this process is arduous, it’s extremely necessary; there is great financial and reputational risk involved in partnering with a company that doesn’t employ proper controls or fails to meet security standards. Here, it can be extremely beneficial to rely on trusted strategic partners for insight and guidance.

By conducting thorough due diligence and thinking long-term, institutions can identify solutions that not only help differentiate but also foster growth and lasting loyalty.

How can smaller institutions, with limited technology resources, navigate the vast array of fintech options available to them?
Navigating the fintech ecosystem can be especially difficult for smaller institutions without the extensive technology resources or in-house expertise available. This is where the right partner can make all the difference, one that is able to provide comprehensive support to guide institutions through the complex fintech ecosystem. Partners that help institutions bridge the fintech gap and understand and speak the fintech language are often a gamechanger for smaller institutions.

When it comes to integrating AI, what steps should financial institutions take to distinguish between hype and substance?
There is a lot of literature out there about AI needing a very structured waterfall approach to implementing this technology. If we’re talking about narrow AI, this approach makes sense because this technology has been around for decades and you’re likely already using this technology without knowing it. If we’re talking about the new Generative AI (GenAI), I don’t think a structured approach here is the right path, particularly for small institutions.

People have a very difficult time switching to new technologies and if you’re going to get the efficiency lift that GenAI promises, you have to change behaviors. It’s just nature, we all love a good habit (maybe it’s just me). But we have found that the best approach here is to pilot GenAI technologies. This approach gives your team a chance to test the new technology in a controlled environment and allows you to figure out the pros and cons without making a major investment in a platform that will likely be very different a year from now. Engaging strategic, and consultive partners is key here if you don’t have the technical expertise on staff.

What role does education and literacy around AI play in helping financial institutions make informed decisions about adopting this technology?
Education and literacy are huge. In general, people tend to fear the unknown, so it makes sense that institutions that fail to properly educate themselves about AI will avoid it. Ensuring key stakeholders understand AI’s potential – and risks – is a critical first step before a strategy can be formed. You can’t avoid AI’s impact. Your employees are likely using this technology now. Lean on industry groups, reputable publications and trusted partners to help share the most relevant AI information and content.

Can you provide examples of small-scale AI use cases that financial institutions can experiment with before fully committing to larger implementations?
As the hype and buzz around AI continues (and frankly, it’s exhausting), financial institutions are exploring several small-scale use cases before committing to larger implementations. For instance, they can start by integrating AI into simpler customer or member chats, where the AI can handle routine inquiries and free up human agents for more complex interactions. Keep in mind, quality here is extremely important as the chatbot is talking directly to your members. Another promising area is AI’s role in supporting the loan approval process by automating preliminary assessments and streamlining documentation review.

AI also proves beneficial in enhancing operational efficiencies by optimizing workflows, improving work quality, and proactively informing decision-making. And, it can support with crafting more personalized offerings, tailored to individual customer or member needs. Even if immediate action isn’t taken, it’s crucial for banks and credit unions to consider how AI could align with and support their service and brand strategy. Engaging with trusted partners and peers is a great starting point to stay informed about the latest advancements and potential applications.

Looking forward, what trends do you see in the fintech landscape that banks and credit unions should be aware of?
Origination and servicing in digital channels continue to be top of mind. Ensuring member engagement after they open their accounts is also areas of interest for our credit unions. We expect loan rates to start to decrease and as a result, lending volumes will go up (no surprise there). Make sure you have the right technology tools for loan origination in place before volume goes up. Also, you cannot be passive with respect to fraud and security. Using technologies to help mitigate these risks is a must for every financial institution.

We see a lot of interest in technologies to provide services for non-interest income. Business Banking and the associated fee income is big right now. Also, is there a way to use Faster Payments (FedNow/RTP) to generate non-interest income? Perhaps.

BNPL (Buy Now Pay Later) continues to get a lot of press and frankly, the adoption numbers are really amazing. But with multiple due dates and rising delinquencies, it does make me wonder if this new service is really helping or hurting consumers.

Anything from the CEO Forum we could highlight?

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ValueZone Introduces Custom Algorithm Development https://fintecbuzz.com/valuezone-introduces-custom-algorithm-development/ Wed, 10 Jul 2024 13:30:43 +0000 https://fintecbuzz.com/?p=61895 ValueZone, a leading cryptocurrency trading platform, is proud to announce the launch of its new service offering: custom algorithm development for personalized trading strategies. This innovative feature empowers traders by allowing them to tailor algorithms to their specific trading needs and objectives, enhancing their trading efficacy and potential profitability. Innovative Custom Algorithm Service: Understanding the diverse needs of its user base, ValueZone has developed a cutting-edge approach that enables traders to craft custom algorithms. This service...

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ValueZone, a leading cryptocurrency trading platform, is proud to announce the launch of its new service offering: custom algorithm development for personalized trading strategies. This innovative feature empowers traders by allowing them to tailor algorithms to their specific trading needs and objectives, enhancing their trading efficacy and potential profitability.

Innovative Custom Algorithm Service:

Understanding the diverse needs of its user base, ValueZone has developed a cutting-edge approach that enables traders to craft custom algorithms. This service provides traders with the tools to develop strategies that are fully aligned with their individual risk tolerances and financial goals. “Our goal is to democratize the trading process by making sophisticated trading tools accessible to everyone, regardless of their technical expertise,” said Adam Carl Waldman, CEO of ValueZone.

Comprehensive Investment Plans:

As part of its commitment to catering to diverse investor needs, ValueZone offers a variety of personalized investment plans:

  • Free Experience Bot: A beginner-friendly option with a $50 investment for 1 day, yielding a total profit of $1.
  • High Frequency Trading Strategies: Designed for those seeking quick returns, this plan requires a $100 investment for 2 days, resulting in a total profit of $4.
  • Statistical Arbitrage Strategies: A more complex strategy for seasoned traders, with a $500 investment for 3 days, generating $16.50 in total profits.
  • Cross Market Arbitrage Strategy: Targets price inefficiencies across markets with a $1,500 investment for 7 days, offering $126 in total profit.
  • Short Term CTA Strategy: A dynamic strategy with a $3,000 investment over 10 days, accruing $390 in total profit.
  • Short Term Alpha Strategy: For advanced traders, this plan involves a $5,000 investment for 15 days, with returns of $1,050.

“These plans are meticulously designed to provide flexibility and optimize returns, allowing our users to select the best strategies to fit their trading style and financial objectives,” added Waldman.

Enhanced User Experience with Tailored Algorithms:

The introduction of custom algorithm development is set to transform how traders interact with the market. Traders can now leverage ValueZone’s advanced technological framework to create algorithms that automate trading decisions based on predefined conditions tailored specifically to their trading strategies.

Educational Support and Resources:

To ensure that traders can make the most of these new capabilities, ValueZone is also ramping up its educational offerings. The platform will provide comprehensive tutorials and resources on algorithm development, as well as live support from trading experts. This initiative is aimed at helping traders understand the nuances of algorithmic trading and how to best utilize these tools for their benefit.

Looking Ahead:

ValueZone is committed to continuous innovation and enhancement of its services to meet the evolving needs of the cryptocurrency trading community. The platform plans to introduce additional features that will further support customized trading experiences and expand its suite of investment options.

With the launch of custom algorithm development, ValueZone is setting a new standard in personalized crypto trading. This initiative is a testament to ValueZone’s commitment to providing cutting-edge tools and services that empower traders to achieve their investment goals.

For more information about how to get started with ValueZone and make the most of the crypto summer, visit https://valuezone.ai or use media contacts.

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency & securities.

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Integrity announced the launch of Integrity Wealth https://fintecbuzz.com/integrity-announced-the-launch-of-integrity-wealth/ Thu, 20 Jun 2024 18:00:31 +0000 https://fintecbuzz.com/?p=61124 Integrity Wealth division strengthens Integrity's consumer-focused mission to deliver holistic life, health and wealth planning to millions of underserved consumers throughout their lifetime

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Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced the official brand launch of Integrity Wealth. With more than $46 billion in assets under management and advisement and an extensive network of wealth advisors across all 50 states, Integrity Wealth is already a strong and respected leader in the industry. The formal launch of the Integrity Wealth brand brings together Integrity’s formidable and diverse wealth-focused partner firms to more comprehensively work with the company’s Life and Health divisions in delivering truly holistic life, health and wealth solutions to millions of American consumers throughout their lifetime.

Integrity Wealth, in combination with Integrity’s pillars of Life and Health, brings transformative change to the industry as it empowers agents and advisors to access comprehensive capabilities within partner affiliates to expand integrated solutions. Consumers will benefit greatly as they gain access, through their wealth advisors and insurance agents, to more wide-ranging and cross-functional guidance, extensive products and effective planning solutions. This innovative integrated approach is designed to support the full range of financial well-being — from health and life insurance to retirement and financial planning.

“By formally defining Integrity Wealth as a key division within our service-driven platform, we are better positioned to expand our already robust wealth management and planning to even more Americans with an impressive portfolio of fully integrated and holistic life, health and wealth offerings,” explained Bryan W. Adams, Co-Founder and CEO of Integrity. “Integrity partners have been serving wealth management clients for decades — and now, as we come together as an integrated platform, they will offer their knowledge and expertise to help more American consumers gain access to services and solutions that help them better plan for retirement and make the most of what life brings!”

“We’ve long been focused on delivering life and health insurance solutions that help consumers protect what’s important, and we know they’re only part of the equation,” continued Adams. “We know that Americans need wealth planning and management solutions to help protect and maximize the assets they’ve worked so hard to build — and we believe that the life, health and wealth needs of today’s clients affect each other. With Integrity Wealth, we have the opportunity to help consumers access the holistic planning and protection they deserve, provided through three interconnected pillars of Life, Health and Wealth. Each pillar provides an established framework designed for insurance agents and wealth advisors to collaborate and align their areas of expertise. This is a historic moment, not just for Integrity, but also for the millions of American families who will have access to our integrated approach.”

With today’s announcement, Integrity’s three comprehensive service areas — Integrity Life, Integrity Health and Integrity Wealth — are positioned to further transform the insurance and financial services industries by helping agents and advisors better serve the interrelated life, health and wealth needs of American consumers. As an industry innovator, Integrity is committed to streamlining and simplifying the process of securing financial wellbeing, making it easier for consumers to get the right solutions at the right time.

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MDT & Persona to Empower Credit Unions to Better Fight Fraud https://fintecbuzz.com/mdt-persona-to-empower-credit-unions-to-better-fight-fraud/ Tue, 18 Jun 2024 15:00:01 +0000 https://fintecbuzz.com/?p=60989 Partnership helps credit unions strengthen identity verification and reduce account opening fraud

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Member Driven Technologies (MDT), a CUSO that hosts the Symitar core processing system from Jack Henry™ to provide a private cloud alternative for core processing and IT needs, announced a strategic partnership with Persona, the leading unified identity platform.

Persona empowers MDT’s credit union clients to adjust their identity verification flows in real time based on risk signals to convert more good users while deterring fraudsters. Clients can mix and match building blocks to design custom-branded end-to-end identity flows that convert more members, streamline operations, and fight fraud.

“As fraud continues to rise, investing in technology that helps safeguard our institution and members is a top priority. Persona embeds sophisticated identification validation into our workflows, adding an extra layer of security and helping reduce fraud – both via digital channels and in branch,” said Joseph Marchese, CEO of Hershey FCU. “This partnership with trusted partner MDT will allow us to integrate Persona’s capabilities even more seamlessly into the process, boosting efficiencies and strengthening our fight against fraud.”

“MDT has a proven reputation of providing credit unions with innovative fintech solutions and services that help support their business and members,” said Sasha Dobrolioubov, Head of Partnerships at Persona. “We are excited to offer our tools to their impressive client base, helping more credit unions collect, verify, understand, and orchestrate members’ identities for any use case.”

“With their deep compliance and fraud expertise, Persona has helped many organizations detect hard-to-catch fraud, banning bad actors permanently – something that has never been more important and needed,” said Larry Nichols, CEO and president of MDT. “We look forward to offering their identity verification solution to our credit union community, helping maximize conversions while minimizing fraud.”

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Valour Inc. Expands Cooperation with justTRADE https://fintecbuzz.com/valour-inc-expands-cooperation-with-justtrade/ Thu, 06 Jun 2024 17:00:08 +0000 https://fintecbuzz.com/?p=60515 DeFi Technologies Inc., a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to announce that its subsidiary Valour Inc. (“Valour“), a leading issuer of exchange traded products (“ETPs“) that provide simplified access to digital assets, has broadened its partnership with justTRADE, a leading German online brokerage platform. The recently launched 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP is now available for German savings...

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DeFi Technologies Inc., a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to announce that its subsidiary Valour Inc. (“Valour“), a leading issuer of exchange traded products (“ETPs“) that provide simplified access to digital assets, has broadened its partnership with justTRADE, a leading German online brokerage platform. The recently launched 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP is now available for German savings plans through justTRADE.

The collaboration between justTRADE and Valour builds on a foundation of shared commitment to innovation and accessibility in financial services. Initiated in August 2022, this partnership has already positioned Valour as a key provider of cryptocurrency products and ETPs for justTRADE’s clientele in Germany. justTRADE, known for its user-friendly platform and comprehensive financial offerings, aligns perfectly with Valour’s mission to simplify and secure access to digital assets through trusted, regulated vehicles. This collaboration not only extends the range of products available to justTRADE customers but also reinforces Valour’s role as a leader in the digital asset sector.

This recent launch is notably historic, as STOXX, renowned for its benchmark indices, has for the first time ventured into the cryptocurrency space. The 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP represents a pioneering investment opportunity in top-tier digital assets, providing an ideal entry point for both satellite and mainstream investment strategies. This product follows the STOXX Digital Asset Blue Chip X Index, applying a rule-based passive index methodology. It leverages Bitcoin Suisse’s comprehensive Global Crypto Taxonomy for asset classification, ensuring a well-balanced and regularly adjusted investment portfolio.

The introduction of the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP via justTRADE marks a significant milestone in the integration of traditional financial index expertise with the dynamic world of digital assets. This strategic move is set to expand the accessibility of cryptocurrency investments within mainstream portfolios, reflecting a growing recognition of digital assets as a vital component of diversified investment strategies.

Marco A. Infuso, Chief Sales Officer of Valour, commented on the collaboration, stating, “We are proud to partner with justTRADE to bring the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP to German retail and institutional investors. This partnership marks a significant step forward in our mission to make high-quality digital asset products accessible to a wider audience. justTRADE’s choice of Valour over larger financial institutions underscores our deep expertise and innovative approach in the ETP space. Together, we are setting new standards for investment in digital assets.”

Michael B. Bußhaus, Co-Founder and Managing Director of justTRADE, stated, “We are thrilled to have Valour as a partner for our crypto ETPs and savings plans. Their broad range of products, low costs, and innovative underlyings are very popular with our customers, making investments in crypto assets easy and convenient.”

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Virtu Financial Announces Investor Meetings for Potential Offering of Secured Notes https://fintecbuzz.com/virtu-financial-announces-investor-meetings/ Fri, 31 May 2024 15:00:35 +0000 https://fintecbuzz.com/?p=60256 Virtu Financial Inc. announced that it intends to hold one or more meetings with potential investors with respect to a potential opportunistic offering of senior secured first lien notes (the “notes”) in a transaction exempt from the registration requirements under the Securities Act of 1933 (the “Offering”), the proceeds of which are expected to be used to repay a portion of the outstanding borrowings under its senior secured first lien term loan facility due 2029....

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Virtu Financial Inc. announced that it intends to hold one or more meetings with potential investors with respect to a potential opportunistic offering of senior secured first lien notes (the “notes”) in a transaction exempt from the registration requirements under the Securities Act of 1933 (the “Offering”), the proceeds of which are expected to be used to repay a portion of the outstanding borrowings under its senior secured first lien term loan facility due 2029. As a result, the Company’s overall long-term debt would not be expected to materially change. There can be no assurance that the Company will proceed with the Offering at all or, if the Company elects to proceed with the Offering, the terms thereof.

This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security. The notes will not be registered under the Securities Act and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements regarding Virtu Financial, Inc.’s (“Virtu’s”, the “Company’s” or “our”) business that are not historical facts are forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, and if the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. Forward-looking statements are based on information available at the time and/or management’s good faith belief with respect to future events, and is subject to risks and uncertainties, some or all of which are not predictable or within Virtu’s control, that could cause actual performance or results to differ materially from those expressed in the statements.

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NEXT Insurance’s New Offering modernizes insurance experience https://fintecbuzz.com/next-insurances-new-offering-modernizes-insurance-experience/ Thu, 23 May 2024 14:00:03 +0000 https://fintecbuzz.com/?p=59919 Longstanding embedded partnership utilizes NEXT's AI-powered platform & sophisticated underwriting for unprecedented time savings

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NEXT Insurance, a leading digital insurer transforming small business insurance, unveiled a breakthrough technology-enabled solution designed to modernize the insurance experience. Building upon NEXT’s AI-powered proprietary platform and underwriting expertise, this new solution instantly generates accurate and customized insurance quotes, saving customers valuable time that would otherwise be spent on a lengthy application process. Available to various industries, including accountants, event planners, food trucks, and more, this offering utilizes a customer’s data from LegalZoom and other sources to provide that customer with a tailored quote in seconds, all presented natively within the LegalZoom user ecosystem. This solution leverages NEXT’s deep-rooted expertise and proficiency in data-driven underwriting, saving customers valuable time during the onboarding process.

“NEXT is relentlessly pursuing innovation with our partners to develop streamlined, user-friendly digital solutions for small businesses,” said Eran Liron, Chief Strategy Officer of NEXT Insurance. “Like NEXT, LegalZoom recognizes the transformative power of technologies like AI, and how they can help empower customers. Our partnership is making insurance simpler and faster, so business owners can spend less time worrying about coverage and more on what they do best — running their businesses.”

Starting a new business involves navigating many complex steps and time-consuming tasks, including securing insurance. This can often lead to decision fatigue, especially for first-time business owners. This solution is the latest example of how NEXT uses data analytics and technology to deliver innovation to small business owners, by simplifying the insurance experience. Optimizing the application process reduces the time required to provide a custom quote to just 10 seconds. Building upon NEXT’s embedded insurance product NEXT Connect, NEXT and LegalZoom have gathered extensive data through their continued, digitally-driven partnership. This new offering streamlines the insurance application process, and leverages LegalZoom’s robust customer profile to provide customers with tailored quotes in the most seamless possible format.

“New entrepreneurs have a lot on their plate, from meeting legal requirements to setting up their businesses. They rely on and trust LegalZoom and our recommended partners to make things quick, easy, and digital,” said Kathy Tsitovich, Chief Corporate Development and Partnerships Officer at LegalZoom. “Teaming up with NEXT, we’re using a tech-first approach to personalize experiences for our customers, saving them precious time and effort when starting their business.”

This news is the next phase of a longstanding embedded partnership between NEXT and LegalZoom, powered by the existing embedded insurance product NEXT Connect. The partnership aims to bring new ways to help small business owners create and protect their businesses. Led by a technology-first approach, this partnership has enabled the companies to realize their shared vision of investing in technology that helps support small business owners every step of the way, creating tailored experiences while giving them the confidence that they are setting up their businesses for success.

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AgencyBloc, Ideon to Enhance Benefits Quoting Experience for Agencies https://fintecbuzz.com/agencybloc-ideon-to-enhance-benefits-quoting-experience-for-agencies/ Fri, 26 Apr 2024 16:00:19 +0000 https://fintecbuzz.com/?p=58811 This integration provides insurance agencies access to a vast carrier network

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AgencyBloc, provider of insurance growth enablement solutions catering to the health, senior, and benefits industries, has partnered with Ideon, provider of application program interface (API) solutions that connect insurtechs and insurance carriers in the health and benefits industry.

In the health and group benefits sector, accessing carrier products and data efficiently is especially challenging for insurance agencies. The traditional approach of navigating multiple carrier websites is time-consuming and prone to missed opportunities. However, the collaboration between Ideon and AgencyBloc solves this challenge by integrating real-time data from Ideon’s carrier network into the AgencyBloc Quote+ platform.

“Ideon’s API has proven instrumental in our efforts to bolster the visibility of group benefit options for agencies, while simultaneously broadening distribution channels for carriers,” said Bob Burns, chief product officer at AgencyBloc. “This innovative partnership has enhanced our approach to connecting agencies with carrier products, facilitating seamless collaboration and overall efficiency in group benefit selection and enrollment.”

AgencyBloc’s Quote+ platform empowers over 5,500 insurance agencies with a comprehensive solution to quote, compare, and enroll group benefit plans for employers. In an era where employers prioritize affordable yet comprehensive options for their employees, Quote+ leads the way in facilitating these choices.

“We’re proud to partner with AgencyBloc and power its Quote+ platform with broader access to health and group benefits plans,” said Ideon CEO Steve Swad. “This partnership not only equips agencies and brokers with a modern, digital quoting experience but also empowers them to better support their clients with plans that meet their unique needs.”

The collaboration between Ideon and AgencyBloc is poised to change the way in which carriers distribute their products and how agencies evaluate group benefit plans for their customers.

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InsurTech Hartford announced 2024 Industry Influencer Award Honorees https://fintecbuzz.com/insurtech-hartford-announced-2024-industry-influencer-award-honorees/ Wed, 06 Mar 2024 14:00:13 +0000 https://fintecbuzz.com/?p=56508 Eight distinguished honorees selected for their contribution to driving insurance innovation

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InsurTech Hartford, a pioneering organization dedicated to the advancement of insurance innovation, announced the honorees of this year’s industry influencer awards. These awards celebrate individuals who are making waves in insurance innovation and having a positive impact on the industry.

The honorees are:

  • Bobbie Shrivastav, Co-Founder and COO, Benekiva
  • Marissa Buckley, Co-Founder, RevUp
  • Margeaux Giles, CEO, Irys InsurTech
  • Curtis Goldsborough, President, National Insurance Inspection Services
  • Tony Canas, Co-Founder, Insurance Nerds
  • Laura Dinan Haber, Innovation Brand Director, Nassau Financial Group
  • Christopher Frankland, Founder, InsurTech360
  • Alan Demers, President, InsurTech Consulting

This year’s honorees have been selected for their groundbreaking contributions, which highlight the critical role of technology in shaping its future. Finalists were chosen by last year’s honorees: Rob GalbraithBryan FalchukAdrian JonesLisa WardlawPatrick KelahanMatteo CarboneEma RoloffDavid GritzGilad ShaiAbel Travis, and Denise Garth.

The “Making Waves” awards will be presented during the InsurTech Hartford Symposium, an event that is the cornerstone for collaboration, learning, and networking among the brightest minds in the industry. Held April 17th and 18th, the symposium is expected to attract hundreds of professionals from across the world, including representatives from over 100 different carriers and 50 startups.

In addition to the awards ceremony, the symposium will feature an array of workshops and panel discussions designed to reshape the future of insurance and share insights on the latest trends and challenges.

“We are incredibly proud to recognize these trailblazers who are creating a lasting impact in the InsurTech community,” said Stacey Brown, Founder and President of InsurTech Hartford. “Their efforts and dedication inspire a future where technology and insurance converge to meet the evolving needs of society.”

The InsurTech Hartford Symposium is not just an event but a celebration of the spirit of innovation that drives progress within the industry. Attendees can look forward to engaging with honorees, exploring new opportunities, and gaining invaluable insights. InsurTech Hartford is also hosting a press conference that gives industry media the opportunity to interview leading executives, honorees, and keynote speakers bringing real-time insight to our industry.

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INVESABLEAI Empowers Cryptocurrency Investors Through AI and Data https://fintecbuzz.com/invesableai-empowers-cryptocurrency-investors-through-ai-and-data/ Mon, 26 Jun 2023 13:30:24 +0000 https://fintecbuzz.com/?p=46696 Combining innovative technology such as AI with human expertise, INVESABLEAI aims to redefine the investment landscape.

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Looking to maximize your investments with peace of mind? INVESABLEAI might be the answer you have been looking for.

INVESABLEAI, a pioneer in AI investment and trading, is disrupting the financial industry with its innovative approach to investing. By combining human expertise with the power of artificial intelligence, the platform is reshaping the whole cryptocurrency investment experience with accessibility and convenience in mind.

In a dynamic and competitive investment landscape, INVESABLEAI understands the pivotal role of advanced technology and data-driven strategies in maximizing investment returns. Leveraging innovative AI algorithms, the platform analyzes market trends, detects investment opportunities, and executes trades with high precision. This unique fusion of AI efficiency and human expertise allowed for the creation of a cutting-edge trading bot that gives INVESABLEAI investors a clear edge in building their wealth.

One major way in which INVESABLEAI distinguishes itself is the wide range of investment packages it proposes to meet the needs of each and every investor. From the Starter to the Accelerator and the Fortune Package, each one offers daily profit percentages that investors can choose from to align with their capital and level of exposure, guaranteeing consistent growth. Focusing on sustainable returns, INVESABLEAI boasts an impressive track record of delivering 12% to 50% profits.

Another key focus of INVESABLEAI lies on its strong commitment to transparency, security, and customer satisfaction. The platform integrates strict security protocols to protect investors’ funds as well as personal information, while it’s user-oriented interface allows investors to easily navigate the platform, monitor their investments, and track their earnings in real time. This seamless experience is further complemented by a dedicated customer service, available for addressing any question or concern.

Additionally, INVESABLEAI takes pride in its affiliate program, offering further income to investors for referring others. Users can enjoy multi-level commissions through five different affiliate packages, fostering the growth of a mutually beneficial ecosystem. This program has gained significant popularity among users recognizing the potential of INVESABLEAI and seeking to capitalize early on the platform.

INVESABLEAI’s vision extends far beyond individual wealth generation, as it envisions a future where the transformative power of AI revolutionizes industries across the board. With the world embracing AI’s potential, INVESABLEAI stands proudly at the forefront of AI-driven investing and remains a step ahead by continuously evolving and adapting to market dynamics. Backed by a team of seasoned professionals and the latest technology, INVESABLEAI is taking part in redefining the investment industry, empowering individuals to achieve their financial goals.

Lee Dalton, Visionary CEO from Malaysia

Lee Dalton is the visionary CEO at INVESABLEAI, with a proven track record of success in technology and finance. With a background in electrical engineering, Lee’s career began in the Australian Navy, to later transition into IT during the emergence of clone PCs. Lee then demonstrated exceptional leadership skills by propelling his employer’s company to the top.

Lee’s recognition of AI immense potential led him to INVESABLEAI, where his extensive experience in technology, finance, and leadership allows him to redefining the investment landscape and make it accessible through AI.

Richmond Ray Gonzales, Co-CEO and a Driving Force

Richmond Ray Gonzales, the pioneering Co-CEO at INVESABLEAI, brings valuable expertise in finance and technology. With a passion for financial markets and investments, he embraced the FinTech revolution and its transformative power, which allowed the use of cutting-edge tools to optimizes investment strategies.

Collaborating with Lee Dalton to establish INVESABLEAI, Richmond’s commitment to innovation, integrity, and excellence shapes the platform’s direction. His extensive expertise in analysis, risk management, and investment strategies drives the development of robust packages for diverse investor needs and build strong relationships with investors, partners, and stakeholders.

Fintech News – The Latest News in Financial Technology.

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