TomoCredit’s Post

Last day in Dallas Cowboy country - Frisco TX for #venturetech2023. Did you know there are ~4800 credit unions in the US? If you havent checked out one by you, you should as they offer great financial membership benefits. There is some credit union consolidation and demonstrating value to Gen Z on up has been an issue but there is a continued and energetic focus on collaboration and solving these problems with improved member engagement and financial wellness products. Enter #fintech! From micro payments that pay down debt automatically, through more efficient and better rate loan processing options for education and home renovation, wealth management, rewards platforms and even a mobile phone option, 20 fintechs made their pitch for how they can help bring more value and keep deposits in the credit unions- the future of innovation is bright and credit unions are positioned to capture that innovation. Very easy conversations for 10Pearls where we help fintech and credit union clients achieve their mission with innovation in creating fintech digital products and helping move software dev initiatives forward faster.

🚀 Continuing the Journey with Forefront Product! 🌟 Hey y’all! Here's the latest chapter in our exciting fintech adventure with CreditCurve. Your support and interest in this journey have been incredible! 🙏💼 Since our last update, we've been laser-focused on transforming CreditCurve's vision into a structured reality. This AI-powered credit card isn't just a concept anymore - it's becoming a market disruptor, thanks to meticulous planning and strategic milestones. 📈🎯 We're now deep in the strategy phase, turning this ambitious idea into a tangible product. It's more than planning; it's about crafting a path for true innovation in the fintech space. 💡🌍 At Forefront Product, our passion is to bring visionary ideas to life. With CreditCurve, we're not just consulting; we're co-creating a future where finance meets technology seamlessly. 🌐💳 Thank you for being part of this journey. Your engagement and feedback make this all the more rewarding. Stay tuned as we guide CreditCurve towards a groundbreaking launch. Here's to turning big ideas into reality, together! 🥂 #FintechInnovation #CreditCurve #StrategicPlanning #ProductDevelopment #ForefrontProduct #JourneyTogether

With Fintech Meetup in Las Vegas, you have to always think about the odds and what it takes to win. I got in a couple of sessions prior to the opening keynotes & while they all had some great insights - I want to focus on #smallbusinesslending. In a session that Kim Gerhardt (Kevitch) of The FinTech Interactive moderated with Pipe's Namrata Ganatra, Evan Singer from SmartBiz, Steve Allocca of Funding Circle US, Rina Jariwala from Fundbox the focus was on how #fintech is ready to disrupt #businesslending. I really liked many of the key points the panel brought up. Evan call out how #banks just overlook a large opportunity of #SMB loans because they are applying a inefficient (based on the risk) commercial lending-ish underwriting model to those #smallbusinessloans. Namrata & Rina both painted a really amazing picture of using external #API connections to other data sources to help assess #risk with a more complete view and pull in decisions into a day or two or even hours - and my perception was that most of the credit was going to new tech. However, I have seen banks that have been able to leverage proven tech and fail at getting this kind of gains while others have succeed. The difference? Process review. What is #essential when I am assessing risk & what is wasting my #bankers & #borrowers time? Shout out to experts like Amber Styron at Towne Bank, Scott Gillanders Berkshire Bank, & Keith Cleary at ESL Federal Credit Union who know winning the high stakes of small business banking is more than just putting your current process on high speed. Yes, Small Business lending is risky. You don't have the comfort of a large entity like #commercialbanking often brings, and you don't have the large scale and modeling sometimes that #consumerlending can offer - but the reward if done right is worth the gamble. Other insights from #fintechmeetup: Loved the honesty from Wells Fargo's Jamie Jerusalmi, and others in the "what is next in consumer lending" when asked about #ai and how they mentioned that understanding the usecases will be a journey and not just giving a snap answer of "yes we will have all things AI". Appreciated how U.S. Bank's Mia Huntington called out the need to go beyond traditional FICO scores and credit data to reach more consumers. Simple but profound advice from Cross River's Gilles Gade on how #banks can educate themselves and progress their #fintech strategies - "the difference between a stumbling block and a stepping stone is how we use it". Blown away by the success and the optimism that both Zachary Perret from Plaid and Ankur Jain of Bilt Rewards have for our industry and its growth. Finally I really enjoyed Matt Harris' views on banking and fintech. Wake up call for banks with the "this is a Barnes & Noble moment for banking" as banks will have to do more than compete on price/rate. Looking forward to projections coming true on #stablecoins as well. Day 1 in the books!

APX Lending is driving financial innovation with passion and expertise! Congratulations to founders Andrei Poliakov & Taha Jalil for graduating the Toronto class of 2023! Interested in applying for the next class? Applications are open now! Link in the comments section 👇 #techstars #toronto #apxlending #techstarscanada

A very Happy Presidents Day from #TeamMaverick. Is it just us or is this month flying by? #motivationalquote #community #teammaverick #maverick #nowhiring #techjobs #fintechjobs #maverickpayments #motivationmonday #monday #fintech #opportunities #innovation #technology #payments��#paymentgateway #paymentprocessing #paymentsolutions #paytech #highriskmerchantaccount #merchantprocessing #merchantservices #presidentsday

Good Morning and Happy Monday from #TeamMaverick! Are you ready for the fifth month of the year? Get in full swing this spring! We're here with the best solutions in payments, ready to help you make the most of your payments portfolio. #motivationalquote #community #teammaverick #maverick #nowhiring #techjobs #fintechjobs #maverickpayments #motivationmonday #monday #fintech #opportunities #innovation #technology #payments #paymentgateway #paymentprocessing #paymentsolutions #paytech #highriskmerchantaccount #merchantprocessing #merchantservices

Smashing work from the TotallyMoney team, with the launch of TotallySure — an industry first which gives credit card applicants pre-approval, and guarantees the APR, credit limit, balance transfer duration, and 0% purchase offer duration. In doing so, we're improving transparency and making credit fairer. Without TotallySure, regulation requires lenders to only provide 51% of applicants with the advertised offer, meaning people could end up with something very different to what they thought they were going to receive. More on this via The Fintech Times.

A year ago, I left my job to spend time with my growing family. Read on to see why taking a step back can actually move you forward 👇 After 8 incredible years as a corporate FX Broker, where I had the privilege of helping companies achieve sharper FX rates and create bespoke risk management and international payment solutions, I made a bold decision. In July 2023, just 4 weeks after my second daughter was born, I resigned from my position and took a 3-month garden leave to spend quality time with my family. This move surprised many of my close colleagues, who questioned if I was “alright”. In truth, I was 9 months t-total and thinking clearer than ever. It was the perfect time for a change. In November 2023, I embarked on a new journey with Privalgo, a regulated electronic money institution and one of the fastest-growing companies in the UK. This new role presented a unique opportunity for me to head up my own corporate trading desk, incorporating alternative banking solutions alongside FX, Payments and Hedging. Since joining Privalgo, the company’s cutting-edge technology, experienced management team and collaborative environment have allowed me to manage my clients’ bespoke financial needs, whilst providing them with industry-leading customer service. What sets Privalgo apart: 🌟 Transparent FX Fees: At Privalgo, we provide transparent, fixed FX prices on our online platform. 🌟 A Diverse Banking Network: Our global banking network enables us to provide comprehensive payment solutions to our clients, whatever their needs may be. 🌟 Industry-leading customer service: Every client has a dedicated Relationship Manager who is their single point of contact, guides them through currency markets and helps them mitigate risk and capitalise on opportunities. 🌟 Partner Portal: Our Partner Portal gives introducing partners full visibility of their referred clients, enhancing trust and transparency. I am genuinely excited about this next chapter in my career and look forward to contributing to Privalgo's continued success, while delivering exceptional value to our clients. Here's to new beginnings and exciting opportunities! 🚀 #fx #internationalpayments #careerchange

🤔 If you could spend a day in another team or department, what would it be and why? That's what we asked Thredd Marketing Manager Lee Voisey. What department would you want to learn more about? Let us know in the comments. 👇 #fintech #payments #digitalbanking

How to Identify & Optimize Areas to Improve in Lending ✅ Gautam Mahesh, Sr. VP Product Management Decentro shares how to refine lending aspects, balancing product, process, risk, and compliance while elevating customer experiences. 📶 Watch the video below to learn directly from Gautam. 👇 For more such exclusive insights, accessible anytime, anywhere, download HelloMeets Shorts now: (Link in the comments) #productmanagement #productgrowth #fintech #lending