Five Fintechs On Friday February 4, 2022

The new edition of the five fintechs on Friday is here!

News from the industry... In association with Amazon Web Services (AWS), we are hosting a presentation on introduction to Decentralised Finance -  DeFi - The Future of Finance presented by David Engel, Fintech BDM, AWS on 10 February - 2:00 PM AEDT. This presentation will take you through the principles of DeFi and the projects related to it. Learn more here and register todayAirwallex recently launched global payment services in Singapore, GPS announced over US$400m investment. Frollo recently published its 2021 Open Banking API performance monitor and Shift announced the axpansion of its merchant team.Also, Sandstone Technology was recently recognised as ‘Company of the Year 2021- BANKING’ by APAC Business Headlines and Temenos Launched its Industry’s First AI-Driven Buy-Now-Pay-Later Banking Service on the Temenos Banking CloudBelow are five fintechs to know about this fortnight!

Kanopi

Kanopi is an insuretech platform with data and partner integration capabilities. With Kanopi insurers can build, distribute and scale new products. From understanding risk and customer behaviour, to experimenting with product and price combinations, Kanopi empowers insurers to innovate rapidly to tailor policies to changing needs.Kanopi also widens distribution networks for insurers and digital businesses, helping them with smart, simple, embedded cover. Due to Kanopi's existing relationships with insurers, technology platforms in property, fintech and accounting come to Kanopi to integrate insurance into their existing products and services.

FirstAML

First AML fully automates the KYC process. Our cloud-based platform, team of local compliance analysts and global pre-verified entity ecosystem, automates the traditional AML compliance process by taking it completely off the reporting entities’ hands. With First AML, KYC is completed in four simple steps: Request: submit a KYC request via the First AML platform. It can be as simple as an email address and the case name. Analyse: our team of local analysts review the complex cases, define the structure and identify related entities. Verify: we complete the verification process quickly, securely, accurately and easily. Using a combination of biometric EIV tools and expert analysts. Approve: users receive, consider and approve the results. We add the verified entity to our ever-growing network for quick and easy future approvals.

MyLenda

Mylenda is Australia’s first self-service neo-broker for personal and commercial finance allowing consumers to keep expensive commissions in their pocket and secure personalised lender base rates. Mylenda started with a simple idea; let’s cut out the middle man and build an ethical DIY finance platform that works in consumers best interest whilst delivering a cheaper more competitive product. We want to help people make better borrowing decisions by simplifying the process of applying for finance. We developed the platform for those who want to save money by submitting their own details, achieved through our technology and rewarded by accessing essentially wholesale interest rate saving customers potentially thousands of dollars.

Radium Capital

Radium Capital is Australia’s market leader in R&D financing. We were formed by entrepreneurs; for entrepreneurs. That’s why we don’t think like a bank! We believe businesses with R&D should have access to capital when they need it. So we created Radium Advances to provide quick, easy and early access to up to 80% of your expected R&D tax incentive refund - in just a few business days.Radium Advances are available as one-off cash injections or can be used strategically throughout the year to smooth cash flow. Under the Radium Quarterly model, for the same expenditure, you can boost R&D spend by 50% or reduce outlay by 33%.

Change Financial

Change Financial (ASX:CCA) partners with fintechs and banks, to provide tailored payment, card issuing, and testing solutions. The global fintech has over 146 clients across 41 countries, managing and processing over 16 million credit, debit, and prepaid cards, delivering flexible and fast-to-market payment solutions. Change’s Vertexon provides leading digital and physical card solutions for banks and fintechs. Vertexon makes it simple for clients to launch full featured digital payment experiences to their end consumers fast.Five of the top ten global payment companies trust Change’s PaySim for payment simulation and testing solution, helping them meet the reliability and performance expectations.Learn more about Change here

Check out our previous issues here!