Speed Rounds Part II | UCNA News
The second part of Thursday’s Speed Rounds showcased solutions ranging from video banking to cyberintelligence to artificial intelligence (AI)-based credit decision-making.
Similar to the first Speed Rounds session, 11 companies showcased their innovative technology solutions in five-minute demos.
Here are the highlights of part two:
This cyber risk intelligence platform aims to predict crimes before they happen, enabling financial institutions to react and respond. It analyzes information about third-party vendors that credit unions use to assess their level of risk. Seventy-six percent of security breaches are linked to third parties, with the average cost of a breach exceeding $5 million.
The old bill payment is obsolete, requiring a checking account and other pain points. Paymentus provides a better user experience and generates revenue each time members use a credit union credit card. It also enhances the member experience by providing a single place where members can pay their bills.
Instant corporate digital identity verification is a fast, secure, and seamless way to onboard new members and reduce drop-out rates while maintaining compliance with anti-money laundering and anti-money laundering requirements. knowledge of your customer. Its mobile biometrics provide a seamless experience for members.
This AI-powered loan decision platform can improve the speed and accuracy of credit decisions. It also makes affordable credit accessible to more people using alternative data in lending decisions. The solution provides better lending options to members while growing loan portfolios.
This video banking platform allows members to chat with credit union representatives via video from a mobile browser using secure chat and collaborative tools to complete transactions, including loan funding, in minutes. minutes.
Members get unlimited access to their credit scores with this solution, along with money-saving recommendations, debt consolidation options, and a score updated every 24 hours. It also includes information on how credit bureaus calculate credit scores and uses real-time analytics to deepen member relationships. SavvyMoney overlays credit unions’ risk-based pricing on members’ credit scores.
The company’s smart AI-powered self-service solution works like a “personal bank teller” to guide members through every step of their financial journey. The presentation included “Royce”, a virtual assistant that guides consumers through transactions via multi-round contextual conversations using contextual FAQ generators.
This web portal shares information usually limited to consultants. Its client portal has grown into a leading site that shares market insights, case studies, videos and other information. It also negotiates terms with suppliers, using data to get the best price.
Safe, secure, and convenient identity verification, combined with fraud protection, provides a less cumbersome and more secure member onboarding experience. It also improves financial inclusion through its decentralized digital identity that expands access to traditional banking services.
This digital growth platform enhances the digital acumen of frontline staff and supports digital banking users. It assists users on demand, redirects requests to the call center and migrates consumers to digital channels.
This incident response system also provides information security and compliance applications. It offers peer-to-peer analysis of the number of security incidents each month, time to report, time to recovery, and other metrics. The focus is on preparing for the crucial moments of security incidents.