Early Winner 2018
Aureus received a $750,000 investment award prior to the live pitch competition. Aureus provides insurance industry solutions hosted on an artificial intelligence platform that combines both explicit and implicit data to measure the customer experience in real time to determine a “Sentimeter” score for all company’s customers.
A Canadian company that has developed a marketplace for the online rental of heavy equipment, enabling business owners to earn additional revenue from their idle equipment and allowing contractors to rent equipment at lower rates than traditional rental companies.
Dream Payments is a payments cloud that financial institutions and acquirers use to deliver mobile point of sale and payment acceptance solutions to their business customers. The $20 trillion global market for point of sale payments is rapidly moving to mobile, connected devices, and the IoT. Incumbents do not possess the technology nor the expertise to power payments across these emerging connected devices, so they are turning to Dream. Dream’s solution also enables merchant acquirers to rapidly deploy revenue-generating mobile solutions without having to invest the millions of dollars required to design, build, and operate a PCI- and EMV-compliant mobile payments service. Lastly, financial institutions use Dream’s technology to distribute to mobile payment products in retail distribution channels. These alternative channels deliver new streams of payment processing revenues from merchants that were previously inaccessible or too small to acquire cost effectively.
Acquiring and retaining new donors is tough. SponsorCraft (dba Hubbub) builds simple mass acquisition and retention tools for education and nonprofit fundraising. The company uses social data mining to segment databases and identify high-value prospects with white-label crowdfunding and digital-giving tools to increase donor conversion and retention.
AMP Credit Technologies is solving the $3 trillion demand for credit by small businesses around the world. The company’s patented technology is its proprietary Credit Analysis Information & Risk Operations System (“CAIROS”). It offers a comprehensive tool for efficient lead targeting, automated paperless loan origination and on-boarding, enhanced credit assessment analytics, automated repayment collections, account reconciliation and ongoing risk portfolio management. The technology is modular, such that an institution can use certain elements of the offering alongside existing bank infrastructure, or the entire service on an end- to-end basis. As a result, CAIROS can be deployed by a bank to enhance and improve its efficiency, profitability and scope of existing credit products, including traditional SME loans, lines of credit, overdraft protection and corporate credit cards, or to launch new products, such as the unsecured working capital loans promoted by online lenders.
BondIT is driving up bond sales by enhancing client satisfaction while reducing internal friction. The company’s algo-driven, data-based solution provides an optimized, customized bond portfolio in minutes instead of days, achieving a triple win: the client is happier, the financial adviser is more efficient, and the bank is more profitable. The current solution—building a bond portfolio one at a time in Excel—is a slow, error-prone and frustrating process. Given its high level of complexity, fixed income, an immense market, has been under-served by technology. The shift from the current inadequate solution to digitization is inevitable, and BondIT is positioned to take advantage of the evolution.
An aging population and the prevalence of chronic diseases make patient remote monitoring one of the fastest growing markets in Europe and the U.S. Worldwide, around 4 million patients were being tele-monitored in 2013, a patient population that is estimated to increase to 20 million by 2020. Hospitals and healthcare professionals are increasingly confronted with the complexity of having to manage a variety of different patient remote monitoring systems. This results in an inefficient and costly patient follow-up process, risk to the quality of patient care, and an obstacle for extending the enrollment of remote-monitored patients. LindaCare’s software platform, OnePulse (TM) provides a single view of the patients’ remote monitoring alerts and follow-up history, ensuring that all healthcare professionals have a clear and common view of the patient’s condition. The company’s solution enables more patients to be followed using fewer resources.
Streamdata.io provides Proxy-as-a-Service (between the API and the device), which turns any API into a real-time experience—no server-side code required. If there is an industry where real-time data is crucial, it’s finance, for both trading and personal banking. With Streamdata.io, users don’t have to waste time pushing a button to refresh their screens; data appears automatically in real time, providing a better user experience. And, since Streamdata.io is API-based, it can be adopted in a matter of minutes.