A List Of Fintech Firms Providing Free Technology To Banks During The Coronavirus Crisis – Forbes
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To help banks help their customers through these trying times, many fintech providers are extending free, discounted, or accelerated deployment offers to financial institutions.
[Note to fintech providers: This list will be updated on a regular basis. If you wish to include your firm’s offer(s) on the list, please contact me directly (see the contact info at the end of the article). Please include: 1) a one sentence description of what your firm does; 2) a one sentence description of the offer; and 3) a point of contact (e.g., URL, email address, Twitter ID).]
Version 1: March 23, 2020 (52 companies)
Company: 401GO
Contact: www.401go.com/401gofaqs
Offer: 401GO is a small business 401(k) platform. We are removing any fees other than the per participant per month fee ($9 per participating employee per month), which covers everything for a 401(k) plan (testing, notifications, payroll monitoring, filing of Form 5500, etc.). Use this code for setup: 3giriww5
Company: 7 Chord
Contact: https://www.7-chord.com
Offer: 7 Chord is a maker of BondDroid, a proprietary AI engine that generates highly accurate real-time streaming prices for 22,000+ corporate bonds. We are offering BondDroid for free for the next 3 months.
Company: Active.AI
Contact: one.active.ai
Offer: Active.ai has a pre-built virtual assistant that can be quickly customized with answers specific to the institution. The platform includes rapid deployment via our datasets and a 30 day trial. We are offering an extra 30 days for customers that sign up at this time.
Company: Agolo
Contact: barry.graubart@agolo.com
Offer: We are distributing a series of specialized AI-generated summary feeds focusing on the impact of coronavirus on various sectors (Finance, Energy, Media & Entertainment, Health Care, Info Technology, etc), plus a handful of specialized feeds covering topics like impact on the supply chain. We’re releasing these as free services on the web and via social media and newsletters.
Company: Agora Services
Contact: https://store.fusionfabric.cloud/details/agora-teen/
Offer: Agora Teen is a white-label solution that allows parents to pre-open a teen bank account for their children in one minute. We’re looking to offer free access and accelerated deployment to our products.
Company: Alpharank
Contact: alpharank.io/demo
Offer: We will provide Alpharank Diagnostics at no charge to any financial institution under $3 billion in assets. Alpharank Diagnostics will pinpoint one or two fixes that you can make now to double the flow of remote account opening.
Company: Arnexa
Contact: https://arnexa.com
Offer: Arnexa Binbox is a secure messaging system that kills phishing by ensuring that only messages from legitimate senders reach the user. We are offering accelerate deployments.
Company: Aspen Grove
Contact: https://www.aspengrovesolutions.com/aspen-grove-solutions-waives-subscription-fees-to-support-our-community-through-covid-19/
Offer: Aspen’s property servicing platform is used to manage business processes across the entire asset continuum. We have removed subscription fees for Aspen iRecord. Both the initial sign-up fee and the annual renewal fee will be waived.
Company: Autobooks
Contact: autobooks.co
Offer: Helping small businesses “get paid at a distance.” We are working with one online banking vendor to pre-enable instances of our app to be able to launch our app in weeks vs. months. Also see our teams response to offer 24/7 small- to medium-size business onboarding.
Company: Bankingly
Contact: www.bankingly.com
Offer: Bankingly is a cloud-based, pay per real use online and mobile banking software tool. We are offering a free non-transactional Android app for three months, with no commitment to stay. With this app, financial institutions can communicate with their clients, and also can display different kind of forms (for example, for user or product onboarding.
Company: Banno
Contact: banno.com
Offer: At Jack Henry, any Banno customer has access to our messaging features for 100% digital support, our credit unions can deploy the skip loan payment feature which we just updated to allow fee-free skips, and last week we built out a new way to integrate charitable giving platforms that the community bank or CU offers (like GoodCoin). We offer each of these at no added cost.
Company: BillGO
Contact: http://PrismMoney.com
Offer: BillGO helps track, manage, and pay bills in one place—no more logging into multiple websites to check due dates and make bill payments. BillGO offers the Prism app free to help everyone stay on top of their money.
Company: Botdoc
Contact: botdoc.io
Offer: Botdoc allows banks to securely transport consumer data with end-to-end encryption with no pins, passwords, logins or apps to download. To help companies during COVID-19, we’re allowing up to 15 users to use Botdoc for free for 60 days.
Company: Brace
Contact: https://brace.ai/ or Tamara@brace.ai
Offer: We have introduced a new feature in our borrower platform to help borrowers seamlessly apply for mortgage assistance in the event that the hardship is caused by COVID-19. This borrower information is then fed into our servicer workflow automation platform to facilitate quick and compliant servicer processing.
Company: Branch
Contact branchapp.com
Offer: Free to both employers and employees, Branch provides financial services that can help employees avoid fees and meet their everyday needs: 1) Zero-fee checking account with debit card (no overdraft fees, no minimum balances), and 2) Cash flow management tools including free instant access to earned wages and budgeting tools.
Company: CU Collaborate
Contact: lmccanna@cucollaborate.com
Offer: CUCollaborate will offer free communication support around the virus for credit unions under $30 million in assets. In addition to providing support around communications, CUCollaborate will also offer six months free of its membership eligibility tool, JoinCU.
Company: Cunexus
Contact: https://twitter.com/CuneXus/status/1241411481825996801
Offer: CuneXus is waiving campaign fees and offering rapid 48-hour deployment to institutions wishing to leverage our technology for Emergency Relief lending efforts.
Company: Digital Align
Contact: rajesh@digitalalign.com
Offer: Digital Align willing to offer our service and two fintech products for free to credit unions and community banks: 1. Mortgage process automation, and 2) Align Money, a white label platform that includes both onboarding and online banking.
Company: Digital Onboarding
Contact: www.digitalonboarding.com
Offer: We offered our clients unlimited usage at no extra cost to help educate their customers/members on how to access money and utilize digital services without visiting a branch.
Company: Elucidate
Contact: https://elucidate.co/
Offer: We provide a risk management platform designed to help financial institutions quantify, track and minimize the risks of money laundering, corruption and terrorist financing. We have discounted the price of the Elucidate FinCrime Index by 20% and offer data engineering services at no extra cost, so as to speed up deployment.
Company: Extend
Contact: paywithextend.com
Offer: We are a digital credit card distribution platform. If a business has an AmEx business or corporate card, they can register at paywithextend.com in minutes and send any number of AmEx virtual credit cards with controls to whoever they want.
Company: Fincura
Contact: www.fincura.com
Offer: Fincura helps lenders assess business financial statements ~90% faster than today. Our customers use our product for faster underwriting and near hands-free portfolio management. We’re offering free portfolio risk assessments, prioritized onboarding, and discounted pricing.
Company: Finzly
Contact: finzly.com
Offer: Finzly is offering free account opening solution for financial institutions to enable customers to continue receiving their banking services.
Company: Float
Contact: https://try.floatapp.com/extended-trial-covid19/
Offer: Float is offering free access until end of May to help businesses forecast cash flow.
Company: GigaSpaces
Contact: https://www.gigaspaces.com/insightedge-cloud/
Offer: Deploy InsightEdge for free on Google, AWS, or Azure cloud environment, and instantly leverage the benefits of the GigaSpaces analytics platform.
Company: Horizn
Contact: www.horizn.com
Offer: Horizn works with financial institutions globally making sure both customers and employees understand and know how to bank digitally. Horizn is providing a discounted short term license package of our cloud-based Customer Digital Platform and Digital Demos. Horizn will accelerate deployment to get banks up and running within 2 weeks and host Digital Demos of key online and mobile journeys to help bank customers gain confidence to digital banking.
Company: Hydrogen
Contact: www.hydrogenplatform.com
Offer: Our platform that helps financial institutions launch new fintech products or components (e.g PFM, virtual cards, emergency savings app for times like Covid-19, etc) is free until production (and then pay per use), so companies can accelerate builds/POCs and get to market fast.
Company: KaoshiAPI
Contact: @KaoshiAPI
Offer: We offer a 60 day free trial for banks to operate our APIs to enable them offer bespoke financial services to their citizens in the diaspora.
Company: Kasasa
Contact: 1 (844) 880-1732
Offer: No monthly license fees until 2021 for clients who sign by June 1, 2020 for Kasasa’s account-generating websites and deposit account opening platform.
Company: Kievanos
Contact: www.kievanos.com
Offer: We have recently launched TRIDENT | AI, artificial intelligence principal protection analytics which provides daily predictive multifactor relative weights at the sector level. We offer a 45-day free trial; however, we’re considering extending this for an indefinite period to enterprise clients in an effort to assist those with a significant ground zero impact (i.e., pension managers, endowments, etc.).
Company: Libeo
Contact: libeo.io
Offer: Libeo is providing free access to SMBs to help them with Account Payables, managing, financing and paying their invoices invoices.
Company: LiveVox
Contact: livevox.com
Offer: We are currently helping FIs in Contact Center Operations by offering our product free of charge during this crisis.
Company: Metechi
Contact: https://metechi.com/
Offer: Metechi is a Bank-Centered Syndication Marketplace providing lenders instant access to Commercial Real Estate loans originated by banks. Metechi is free for participants.
Company: Moxtra
Contact: moxtra.com
Offer: Moxtra was created by the founders of WebEx to help business digitally interact with their clients. Several banks are using our one-stop client interaction hub today. We are providing a three month free trial.
Company: Narmi
Contact: www.narmi.com
Offer: Narmi is offering a light version of its 2.5 minute digital account opening experience to help financial institutions continue to open deposit accounts and gain new customers. Narmi is offering pricing incentives for both its digital account opening and digital banking platforms as it relates to 2020.
Company: OnSystem Logic
Contact: https://lnkd.in/emTEFDQ
Offer: We will provide free copies of our OnSystem Defender software (protects your infrastructure by stopping all dynamic memory attacks) to all corporate clients who request it. You will be able to use our software completely free of all charges for 3 months or until the virus induced emergency subsides.
Company: Plinqit
Contact: https://htmobileapps.com/products/plinqit/
Offer: Plinqit is a branded, automated savings platform that allows consumers to save for emergencies while interacting with information and advice from the financial institution. We are offering Plinqit with no one time set up and no platform fee for the first three months and we have deployment at 2 weeks and 1 business day.
Company: Polaris Portfolios
Contact: www.polarisportfolios.com/CUWealthProgram
Offer: Polaris Portfolios is a wealthtech firm that partners with community banks and credit unions to provide digital wealth management solutions, including digital on-boarding, robo-advisory, and remote advisors. We are rolling out accelerated deployments of our digital wealth management solution to banks and credit unions.
Company: Purview IQ
Contact: https://www.purviewiq.com/banks/featured
Offer: We are a financial information technology company focused on delivering data on US banks. We currently offer a free 14-day trial and are open to expanding that to three months during this time.
Company: QCash Financial
Contact: qcashfinancial.com
Offer: QCash Financial is waiving fees and implementation costs to get our digital small dollar lending solution broadly distributed.
Company: Popio
Contact: https://www.popio.com/covid-19-resources/
Offer: We are spinning up 10,000 free seat licenses for web video banking that credit unions and community banks can use for 60 days.
Company: Pulse 360
Contact: http://pulse360.com
Offer: We are accelerating our software that let’s financial advisors document meetings and follow-ups remotely. We will be launching with a low promo price and free version.
Company: Rialto
Contact: RChiumento@rialtoconsultancy.com
Offer: The Rialto AI-C tool optimizes alignment of teams to secure future growth, digital transformation and other critical business outcomes. First project will be provided at 50% discount.
Company: Right Indem
Contact: rightindem.com
Offer: We’re accelerating deployments of our technology to ease the burden on call centers claims/incident reporting.
Company: Shtar
Contact: Shtar.com/free-trial/
Offer: Offers 60 day free trial, cloud based, integrated accounts payable automation.
Company: Signzy
Contact: ankit@signzy.com
Offer: We will be providing free software for customer onboarding, including mobile, web apps. Back operations screen, also a basic CRM tracker.
Company: SPENDiD
Contact: https://docs.spendid.io
Offer: SPENDiD’s API is in beta currently, and we’re glad to waive all onboarding and per call fees for developers looking to use our autonomous peer validated budgeting algorithms.
Company: Street Contxt
Contact: https://streetcontxt.com/blog/mar-12-2020/
Offer: We’re an email intelligence solution for capital markets. We’re providing free licenses while people are all working from home.
Company: Trezeo
Contact: @trezeohq
Offer: Trezeo is providing sickness insurance free of charge to its customers (gig economy workers, mainly delivery drivers in London).
Company: TrueLayer
Contact: https://blog.truelayer.com/how-open-banking-can-help-during-covid-19-f14bc54e8698
Offer: We are opening free access to Openbanking via TrueLayer.
Veeeam
Contact: veeam.com
Offer: Free Backup Solution: Veeam Backup & Replication Community Edition. Backup and restore VMware and Hyper-V virtual machines with Veeam Backup & Replication Community Edition. Unlimited hosts and VMs. Free forever.
Company: Vestwell
Contact: https://news.vestwell.com/unprecedented-times-can-call-precedented-measures-exploring-effective-ways-reduce-retirement-plan-expenses-uncertain-times/#.XneVM9NKhp8
Offer: We are a 401k fintech platform powering retirement plans across the country. To help, we put together some options for clients to explore, such as deferring fee billing, freezing 401k plan matches, etc. We have provided 6-months free to signup.
