Tag: FinTech

LoanStreet is the first fully-integrated, online platform that streamlines the process of sharing, managing, and originating loans for credit unions, banks, and direct lenders.  Many of LoanStreet’s clients lend to small businesses and individuals, those most in need of funding from the Paycheck Protection Program (PPP) and unable to snag a piece of the initial $310bil.
Their clients were relying on them to get their loans funded.  The only catch: a hard deadline of one week. Here’s how they did it.

FinBox is a comprehensive digital lending platform with a focus on underwriting using alternative data. For one of FinBox’s products DeviceConnect, they provide a credit score based on enriched mobile device data for customers. At the time of writing this article, they were scoring close to a million customers per month and ingesting close to 80 GB of new data every day. DeviceConnect makes heavy use of Amazon DynamoDB. Here are the lessons they learned after using DynamoDB in the product for the last year.

The team at Alpha Health has developed new approaches and built technology from the ground up that is purpose-built to automate revenue cycle operations for healthcare. They call their solution Unified Automation, and they built it on Amazon Web Services (AWS) for a number of reasons. Varun Ganapathi, co-founder and CTO of Alpha Health, tells us more.

BlueVine started its journey with AWS back in 2013 and since then has rapidly adopted more managed services as it grew and most recently using Amazon Textract to create and develop and deliver high scale, resilience, E2E solution that allows small businesses in the US to get access to Paycheck Protection Program (PPP) loans as part of the COVID-19 relief to its small business customers.

Chris Burrell, Head of Tech at Landbay explains how the startup used AWS and the power of Amazon Redshift and AWS Glue to adapt quickly during the COVID-19 pandemic to ensure they adhered to government guidelines for mortgage payment holidays.

Flywire aims to ensure high-value international payments go through fast and friction free—both for individuals and for institutions. To do this, the startup has turned to AWS Fargate to enable its engineering team to develop in a diversity of environments.

The $45 trillion US fixed income bonds outstanding market is a fundamental part of the broader capital markets and underpins economic activity nationwide, but it’s surprisingly inefficient. Access to capital is limited to big players, leaving smaller municipalities to fend for themselves, until now. Alpha Ledger, a new startup out of Washington state, is set to upend the market using an Amazon Managed Blockchain-based platform.

Founded in 2015, Amenity Analytics offers advanced natural language processing technology that helps financial companies extract actionable insights from text at scale.

No one wants to hear from a debt collection agency. Most people associate it with letters in red, capital characters, high charges with imaginative reasons and intrusive phone calls. Berlin-based fintech PAIR Finance’s mission is to change that with the help of Machine Learning, introducing you and your customers to a completely new debt collection experience.

These days, the sense of community has become all more important. Small businesses, often seen as the backbone of local economies, have been hit especially hard. Founded in 2011, Fivestars if here to help that exact segment, offering a payment and loyalty platform that takes the heavy lifting off the plate of those managing these businesses.