CU 2.0 Fintech Friday: Coalesce AI

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Coalesce AI to discuss all things credit union, fintech, and digital innovation.

fintech partnerships

Coalesce.ai helps credit unions introduce the power of AI and machine learning into their operational ecosystem. Their platform utilizes User-Defined Machine Learning, which allows clients to train Coalesce.ai’s automation platform how to gain expertise in a certain set of tasks.

Coalesce.ai’s systems helps credit unions and financial industries reduce error and increase efficiency while saving time. By reducing or eliminating the possibility for human error and the necessity for manual labor, Coalesce.ai lets ten credit union employees accomplish the work of a hundred.

For credit unions, Coalesce.ai found that “the operations of a financial services firm like a credit union today requires—especially in the middle and back office—a lot of tedious, manual, repetitive work: opening spreadsheets, scanning emails, filtering through PDF documents. And with this new AI technology, we’ve been able to automate the way that some of that gets done at credit unions.”

If this sounds like an intriguing credit union–fintech partnership, check out the video and Coalesce.ai snapshot below!

Credit Union Fintech Snapshot: Coalesce.ai

Top 3 Problems Solved

  1. Workflow automation
  2. AI and User-Defined Machine Learning
  3. Streamline operations

Coalesce.ai Founder: Greg Woolf

Coalesce.ai Market Strategy

Credit Unions.

Credit Union Fintech: Coalesce.ai in the News

Coalesce.ai introduces AI elements to workflows

Coalesce.ai works with IBM’s Watson

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

CU 2.0 Fintech Friday: Hound Software

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Hound Software to discuss all things credit union, fintech, and digital innovation.

CU2.0 credit union fintech partnership innovation

Hound Software accomplishes workflow automation for credit unions. They partner with credit unions, for whom they collect, integrate, and analyze member data. From there, they initiate and direct an automated workflow to guide members through relevant services.

Hound Software focuses on customer satisfaction and experience. Through data collection and analysis, they strengthen relationships between credit unions and their members. Hound Software helps credit unions stay in front of their members so they stay engaged and satisfied.

Hound Software’s primary roles are in customer retention, revenue management, and upselling. Hound Software helps credit unions create multiple-stage processes and workflows on the fly. Hound Software also integrates with communications, analytics, and machine learning systems to keep your credit union smart and well-connected.

If this sounds like an intriguing credit union–fintech partnership, check out the video and Hound Software snapshot below!

Credit Union Fintech Snapshot: Hound Software

Top 3 Problems Solved

  1. Customer retention
  2. Revenue management
  3. Upselling

Hound Software Founder: Manrique Feoli

Hound Software Market Strategy

Credit unions, financial institutions, commercial businesses.

Credit Union Fintech: Hound Software in the News

Hound Software debuts in Florida

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

CU 2.0 Fintech Friday: PayByCar

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Pay By Car to discuss all things credit union, fintech, and digital innovation.

CU2.0 credit union fintech partnership, credit union fintech innovation

PayByCar is a payment system that streamlines purchases made in and from cars. Instead of going through the often-clunky process of handing a debit or credit card back and forth between driver and cashier.

In-vehicle purchases exceed $200bn yearly. From toll roads to car washes, drive-through coffee stands to fast food restaurants, paying on the go accounts for a significant portion of daily purchases. If you can imagine paying at the pump with an E-Z Pass, then you’re on the right track to understanding PayByCar.

PayByCar allows people to forego the usual card- or phone-based transaction. PayByCar transponders reduce in-vehicle transaction times by eliminating the need of a middleman.

Credit unions who wish to partner with PayByCar can offer their members a simple, easy payment system for in-vehicle transactions. In-vehicle payment systems are a growing technology with increasing demand. Giving members an in-vehicle payment option can reduce their transactional friction and increase their appreciation for their credit union’s services.

If this sounds like an intriguing credit union–fintech partnership, check out the video and PayByCar snapshot below!

Credit Union Fintech Snapshot: PayByCar

Top 3 Problems Solved

  1. In-vehicle payments
  2. In-vehicle transaction times
  3. Drive-through sales

PayByCar Founder: Kevin Condon

PayByCar Market Strategy

Credit Unions and individual drivers.

Credit Union Fintech: PayByCar in the News

PayByCar simplifies in-vehicle payments

PayByCar partners with E-Z Pass

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

CU 2.0 Fintech Friday: Reggora

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Reggora to discuss all things credit union, fintech, and digital innovation.

fintech reggora, credit union fintechs

Reggora is an appraisal management platform. They speed through the property appraisal process in a fraction of the time that it usually takes.

One of the keys to Reggora’s platform is they automate a good deal of the appraisal process. Usually, a lender or loan officer will try to find an appraiser who specializes in the type of property being appraised. Then, it takes more time for the appraiser to meet the lender on their schedule.

Reggora addresses the long wait times for appraisals by using an Uber-like algorithm to match lenders and qualified appraisers. Reggora uses a database of thousands of appraisers. Their algorithm finds the most qualified appraiser nearby who fits with the lender’s schedule.

Overall, Reggora is able to accomplish in only a few days what usually takes a couple weeks to finish. Credit unions can use Reggora to help them streamline their mortgage experience.

If this sounds like an intriguing credit union–fintech partnership, check out the video and Reggora snapshot below!

Credit Union Fintech Snapshot: Reggora

Top 3 Problems Solved

  1. Appraisal speed
  2. Mortgage experience
  3. Finding qualified appraisers

Reggora Founder: Brian Zitin

Reggora Market Strategy

Credit Unions and other mortgage lenders

Credit Union Fintech: Reggora in the News

Reggora helps both lenders and appraisers

Reggora enters the real estate technology arena

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

CU 2.0 Fintech Friday: Posh Technologies

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Posh Technologies to discuss all things credit union, fintech, and digital innovation.

CU2.0 credit union fintech partnership

Posh Technologies is the brainchild of several MIT computer science students. Over the last couple of years, they’ve focused ongoing from an app-development company to working with conversational AI. Posh’s conversational AI assists with site navigation, automated customer service, and lead generation.

Posh Technologies’ smart chatbots help credit unions and financial technology companies streamline customer service and user experience. Instead of trying to navigate difficult websites, Posh’s intelligent chatbot can help users quickly find what they’re looking for.

Posh’s conversational AI also helps with lead generation to drive sales and increase member growth at credit unions. By determining which services a user is interested in, Posh’s AI bot can help credit union marketing teams determine how to entice and convert prospective members by offering valuable, relevant services.

Finally, Posh Technologies helps with internal support as well. In addition to helping members with the same problems, credit union staff who forget passwords, get locked out of their accounts, or checking on PTO statuses can check with Posh’s bot to help them resolve their issues.

If this sounds like an intriguing credit union–fintech partnership, check out the video and Posh Technologies snapshot below!

Credit Union Fintech Snapshot: Posh Technologies

Top 3 Problems Solved

  1. Conversational AI
  2. Credit union member growth through lead generation
  3. Automated customer service

Posh Technologies Founder: Karan Kashyap

Posh Technologies Market Strategy

Credit unions and financial institutions.

Credit Union Fintech: Posh Technologies in the News

How Posh got its start

Conversational interfaces make financial operations easier

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

CU 2.0 Fintech Friday: Finnest

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Finnest to discuss all things credit union, fintech, and digital innovation.

Finnest is an education-based fintech company. Finnest helps parents teach their kids about earning, saving, investing, charitable giving, and responsible spending. They provide a prepaid debit card to children aged 8-17 and it supports healthy financial habits through a linked app.

CU 2.0 credit union fintech partnership

Credit unions can use Finnest as an additional service to provide for their members. It reaches into the next generation of consumers and prepares them for their first checking account. Finnest also readies minors for sensible financial engagement as they become adults.

Credit unions who offer Finnest’s services can help younger generations develop good financial habits. Parents can transfer money to their kids’ accounts for allowance, chores, and so on. Kids can build budget plans to support their savings goals. Parents can monitor their kids’ progress and get a picture of their account activity. Parents can also lock Finnest debit cards, set spending limits, and educate kids about investing.

If this sounds like an intriguing credit union–fintech partnership, check out the video and Finnest snapshot below!

Credit Union Fintech Snapshot: Finnest

Top 3 Problems Solved

  1. Youth finance
  2. Youth financial education
  3. Responsible financial engagement

Finnest Founder: Richard McDonald and Clemens Grave

Finnest Market Strategy

Credit unions and individual users.

Credit Union Fintech: Finnest in the News

Interview with Clemens Grave about Finnest

Another interview, but this one is different (we promise)

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

Check out other fintechs in the series here!

CU 2.0 Fintech Friday: Envel

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Envel to discuss all things credit union, fintech, and digital innovation.

Envel seeks to help people practice healthy spending and saving habits with a mobile bank app. The service works to curtail reckless spending by building daily and weekly budgets based on a person’s financial situation.

Envel has a very strong social mission that aligns with the philosophy of credit unions and community banks. They want to help their members consolidate their finances and regain control. Envel licenses its technology to financial partners who share their mission.

Sometimes people who spend too much money need limits—a hard stop. While the app automatically creates a monthly budget, one of its stricter controls can actually cut off access to funds for a short period of time. Founder Dimitri Artamonov claims that the dream scenario is to be in a shoe store with a $500 pair of boots, getting their card declined and feeling embarrassed in front of the entire line. “That’s the kind of emotional support people need,” he says.

If this sounds like an intriguing credit union–fintech partnership, check out the video and company snapshot below!

Credit Union Fintech Snapshot: Envel

Top 3 Problems Solved

  1. Budgeting
  2. Saving
  3. Curtailing spending with a hard stop

Envel Co-Founder: Dimitri Artamonov

Envel Market Strategy

Credit unions and community banks.

Credit Union Fintech: Envel in the News

Envel uses AI and behavioral insight to protect consumers from themselves

Consumer behavior drives new financial technology

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

Check out other fintechs in the series here!

Credit Union Fintech Series: CU 2.0 & Edmit

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Edmit to discuss all things credit union, fintech, and digital innovation.

Choosing a college or university is already a long, difficult process. Not only do prospective students have to navigate the intricacies of various school’s areas of emphasis, academic climate, and social scene, but they also have to worry about location and logistics.

Edmit looks to simplify the process across the board. By analyzing available financial data and academic goals, Edmit seeks to provide prospective students with the information they need to choose the academic institution that’s right for them.

Founded by former university leaders, Edmit offers personalized insight and advice to help families find colleges that meet their academic goals and are within their financial means. Families that use Edmit make smarter college choices, leading to less debt and better earnings outcomes.

Especially at a time when students are graduating with more debt than ever, but in which wages haven’t increased to meet that level of debt, it’s more imperative than ever to make healthy financial decisions when searching for the right university. Using Edmit ensures better financial stability after graduation.

If this sounds like an intriguing credit union–fintech partnership, check out the video and Edmit snapshot below!

Credit Union Fintech Snapshot: Edmit

Top 3 Problems Solved

  1. Ease college search
  2. College planning
  3. Financial planning

Edmit Founder: Nick Ducoff and Sabrina Manville

Edmit Market Strategy

Financial institutions and college-bound families.

Credit Union Fintech: Edmit in the News

Edmit models college-shopping on home-buying principles

Edmit helps families understand the price of university education

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

Check out other fintechs in the series here!

Credit Union Fintech Friday: CU 2.0 & Energetic Insurance

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with James Bowen, co-founder of Energetic Insurance to discuss all things credit union, fintech, and digital innovation.

The mission of Energetic Insurance is simple: they want to unlock solar financing options for unrated or below-investment-grade organizations. Their insurance policy is for asset owners, banks, credit unions, and developers who want coverage for offtake repayment risk as well as lost revenue on projects where there is a default on payment obligations.

Energetic Insurance aims to make it easier for solar and other renewable energies to gain funding. In the case of businesses with no or low-credit ratings, Energetic Insurance analyzes over a hundred years of electrical use data to better contextualize risk.

They’re a great partner for credit unions for two reasons: first, as lenders, credit unions benefit from the risk underwriting done on the part of Energetic Insurance. Energetic Insurance provides a better understanding of an organization’s ability to repay funding for energy projects. Second, both credit unions and Energetic Insurance emphasize the importance of social responsibility in business, so their philosophies align.

If this sounds like an intriguing credit union–fintech partnership, check out the video and Energetic Insurance snapshot below!

Credit Union Fintech Snapshot: Energetic Insurance

Top 3 Problems Solved

  1. Sustainable energy project financing
  2. Energy industry risk assessment
  3. Saving the planet

Energetic Insurance Founder: James Bowen and Jeff McAulay

Energetic Insurance Market Strategy

Community banks and Credit Unions

Credit Union Fintech: Energetic Insurance in the News

Energetic Insurance look to de-risk commercial solar

Energetic Insurance disrupts energy finance cycle

 

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

Check out other fintech in the series here!

CU 2.0 Fintech Friday: Coalesce.ai

It’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with Greg Woolf from Coalesce.ai to discuss all things credit union, fintech, and digital innovation.

Coalesce.ai helps credit unions introduce the power of AI and machine learning into their operational ecosystem. Their platform utilizes User-Defined Machine Learning, which allows clients to train Coalesce.ai’s automation platform how to gain expertise in a certain set of tasks.

Coalesce.ai’s systems helps credit unions and financial industries reduce error and increase efficiency while saving time. By reducing or eliminating the possibility for human error and the necessity for manual labor, Coalesce.ai lets ten credit union employees accomplish the work of a hundred.

For credit unions, Coalesce.ai found that “the operations of a financial services firm like a credit union today requires—especially in the middle and back office—a lot of tedious, manual, repetitive work: opening spreadsheets, scanning emails, filtering through PDF documents. And with this new AI technology, we’ve been able to automate the way that some of that gets done at credit unions.”

If this sounds like an intriguing credit union–fintech partnership, check out the video and Coalesce.ai snapshot below!

Credit Union Fintech Snapshot: Coalesce.ai

Top 3 Problems Solved

  1. Workflow automation
  2. AI and User-Defined Machine Learning
  3. Streamline operations

Coalesce.ai Founder: Greg Woolf

Coalesce.ai Market Strategy

Credit Unions.

Credit Union Fintech: Coalesce.ai in the News

Coalesce.ai introduces AI elements to workflows

Coalesce.ai works with IBM’s Watson

Interested in seeing more fintech entrepreneurship? Check out the CU 2.0 fintech infographic, Death by 1,000 Cuts. You can see firsthand the impact fintechs have had on the credit union industry, as well as how fintech innovation can improve your income statement, balance sheet, interest margin, services, and more.

Credit Union 2.0 believes fully in the power of credit union and fintech partnerships. With the shared goal to redefine multifaceted financial services models look like to members, more credit unions are looking to partner with forward-leaning fintechs.

If you want to learn more about credit union–fintech partnerships, click here.

Check out other fintech in the series here!