Financial Services

Insurance Industry Showing Strong Innovation in Ohio

Insurance Industry Showing Strong Innovation in Ohio

Insurtech companies in Ohio benefit from talent, collaboration and cost advantages
Terry Gore, Director of Financial Services

The insurance industry is undergoing a major transformation, and Ohio is leading the revolution. Emerging technologies, such as big data, wearable devices and artificial intelligence, are changing consumer expectations and preferences and forcing the insurance industry to change with them.

Accessing Funds at a Speed That Is a “Billon” Times Faster

Accessing Funds at a Speed That Is a “Billon” Times Faster

Fintech71 Spotlight: Billon
Fintech71 Staff

The transaction process can be painful, but Billon is working to eliminate the hassles of payments and any potential for hacking. The money goes directly from one person to another without any intermediaries. Whether you’re sending a large payment or transferring even 1 cent, Billon makes it possible without fixed fees, waiting, risks or paperwork. Thanks to Fintech71, companies such as Billon are getting excited about the opportunities that Ohio offers for a fintech competitive advantage.

K-12 School Payments Become a Piece of “Cookie”

K-12 School Payments Become a Piece of “Cookie”

Fintech71 Spotlight: Skookii
Fintech71 Staff

Built by school business managers and parents, Phoenix’s Skookii is a way for parents in public, private, rural and charter schools to make payments through mobile or web applications and have a little fun doing it.

Optimizing Income and Benefits for Part-Time and Independent Workers

Optimizing Income and Benefits for Part-Time and Independent Workers

Fintech71 Spotlight: Steady
Fintech71 Staff

Many of the jobs created in the last several years, including part-time and contracted work, operate outside of conventional company lines. This trend will only continue. Steady is using patent-pending, job-matching technology and a personalized user experience to help these independent workers optimize their opportunities, incomes and rewards.

Chatbots Lend Their AI to Insurance Optimization

Chatbots Lend Their AI to Insurance Optimization

Fintech71 Spotlight: Elafris
Fintech71 Staff

One of the greatest pains is dealing with the accessibility of information through a mobile device. When the CEO of Elafris, an AI chatbot for insurance optimization, spent several minutes trying to get to his insurance information through an app, he decided it was time to find a solution. That’s when he created Elafris.

A Simple and Secure Solution for SMEs to Onboard Customers

A Simple and Secure Solution for SMEs to Onboard Customers

Fintech71 Spotlight: ID-Pal
Fintech71 Staff

Ireland’s ID-Pal is looking to save businesses time by connecting them to their customers in a matter of minutes. Smaller companies don’t have the capability or capacity to integrate third-party technology into their operations. ID-Pal’s know your customer solution resolves this issue for small to medium-sized enterprises.

App-solutely Efficient Banking

App-solutely Efficient Banking

Fintech71 Spotlight: PayKey
Fintech71 Staff

PayKey, a startup in the Fintech71 inaugural cohort, connects banks to their users within any app. The payments are quick, simple and secure, and bring social banking to a whole new level.

Ohio-Based Company Aims to Eliminate Real-Estate Payment Fraud

Ohio-Based Company Aims to Eliminate Real-Estate Payment Fraud

Fintech71 Spotlight: SafeChain
Fintech71 Staff

PayKey, a startup in the Fintech71 inaugural cohort, connects banks to their users within any app. The payments are quick, simple and secure, and bring social banking to a whole new level.

End-to-End Data Analysis and Reporting for Financial Institutions

End-to-End Data Analysis and Reporting for Financial Institutions

Fintech71 Spotlight: HEXANIKA
Fintech71 Staff

HEXANIKA founder, Yogesh Pandit, witnessed firsthand how banks struggled with costs and resources required for regulatory reporting. That’s when he decided to create HEXANIKA as a solution. HEXANIKA was a selected startup for the Fintech71 accelerator program.

Fintech71: Where Financial Leadership Meets Industry Innovation

Fintech71: Where Financial Leadership Meets Industry Innovation

Ohio is a catalyst to never before seen industry collaboration
Andrew Deye, senior director, JobsOhio

JobsOhio supports Fintech71, which brings fintech startups together with market leaders in financial services and insurance. Not only did this initiative positively impact the scale-up companies, it also sparked innovation with current market leaders.