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BIG News

23Jul

AXFI 2018 Speedround Awards Showcase Innovative New Fintech

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Tampa, FL (July 16, 2018) The Analytics and Financial Innovation (AXFI) Conference, the premier educational event for financial services professionals serious about analytics and financial innovation, is pleased to announce the winners of this year’s Killer Fintech Speedrounds from the recent conference, held in Minneapolis last month.

The Killer Fintech Speedrounds are an opportunity for attendees to learn about some of the latest innovations from selected technology vendors. The competition is open to any fintech, but only the top six are selected to present at the conference.

The 6 finalists selected to present on the first day of the annual conference this year were:

Active.AI

Alpharank

CU Rate Reset

SuiteBox

Lendified

Pricerazzi

 

Each organization was given 5 minutes to present their solution and then answered questions from a panel of judges. Conference sponsors OnApproach, Best Innovation Group and Ongoing Operations were asked to select a winner for Best Use of New Technology. They selected Pricerazzi.

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Pricerazzi’s Declan McDonald accepted the award after presenting their solution for tracking member receipts. The company tracks prices for goods from a wide variety of merchants, monitors the purchases for lower prices and helps the member claim any cash back for which they are eligible.

“This was our first event dedicated to credit unions. I didn’t know what to expect but it was an amazing time. Credit unions play a major, positive role in their communities and we’re very excited about introducing our technology to this market.”

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BIG’s Innovation Club awarded the prize for Solving Operational Challenges to Alpharank’s co-founder and CEO Brian Ley. Alpharank Audiences helps credit unions leverage digital marketing to identify the best new member prospects by using their existing transaction data. Alpharank Audiences is GDPR compliant as it does not use any personally identifiable information (PII.

The AXFI audience was asked to use the polling tool in their conference app to vote on the presentations as well.  The People’s Choice award for Best In Show was presented to CU Rate Reset’s Keith Kelly for KNOCK KNOCK.

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KNOCK KNOCK is a web-based platform and the first bilateral communication solution that provides members with just-in-time offers from the credit union. The platform provides a means for credit union members to request loan and CD resets, new loans and CDs, balance transfers, or additional cash from the credit union. The financial transactions executed through KNOCK KNOCK are completed in minutes at the member’s convenience.  KNOCK KNOCK is the “action” behind big data and analytics.

"The AXFI conference clearly demonstrated how big data and analytics are critical to credit unions competing against big banks and fintechs,” said Keith Kelly, CEO CU RateReset. “We are absolutely thrilled that KNOCK KNOCK was recognized as the 2018 AXFI Killer Speed Round People’s Choice winner.  For many years credit unions have delivered “just in case” offers hoping the member would accept them.  Now with KNOCK KNOCK, credit unions can deliver “just-in-time” offers, meeting their members where they are and when they need you.”

 

About the Analytics and Financial Innovation (AXFI) Conference

The Analytics and Financial Innovation (AXFI) Conference provides a forum for credit unions, industry experts, and service providers to discuss industry trends and share tangible insights to prepare your credit union for the future. The AXFI Conference features distinguished speakers from across the industries of financial services and data analytics and offers three tracks: Analytics, Innovation, and Cybersecurity. This conference is designed to be of interest to all levels of credit union management, including C-Level, VPs, Managers and Technical Staff. There is something for everyone.

About the Author

Best Innovation Group

Best Innovation Group

BIG is an innovation think tank started by @JBFintech that points its clients in the right direction to achieve quicker adoption of cutting edge technologies.

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