Thursday, Sept. 23 3:30 – 5:00
Group #3 Presentations/Demos:
Blooma – CRE AI Automation
We built a digital platform that can automatically pull relevant sale and rent comps, read borrower documents, spread a borrower’s cashflow/liquidity, and analyze an asset’s potential LTV instantaneously. Ultimately, both the asset and the borrower’s data provide a score, ranking the potential deal from 1-100 based upon the lender’s predetermined risk score that we preset with the lender to analyze assets and borrowers. This allows the lender to send out an LOI in minutes instead of days. Our system can plug into your current loan origination system, like nCino, so you do not have to work in multiple interfaces, or Blooma can export to your current excel underwriting template so your bank can keep the current workflow. Finally, after funding, Blooma provides for real time auditing of current loan portfolios, without manual intervention, by tracking all the data changes related to the score and updating that data daily. Jeff Ramseyer, VP Sales, Blooma, Inc. & Geoff Eng, Sales Engineer, Blooma, Inc
We built a digital platform that can automatically pull relevant sale and rent comps, read borrower documents, spread a borrower’s cashflow/liquidity, and analyze an asset’s potential LTV instantaneously. Ultimately, both the asset and the borrower’s data provide a score, ranking the potential deal from 1-100 based upon the lender’s predetermined risk score that we preset with the lender to analyze assets and borrowers. This allows the lender to send out an LOI in minutes instead of days. Our system can plug into your current loan origination system, like nCino, so you do not have to work in multiple interfaces, or Blooma can export to your current excel underwriting template so your bank can keep the current workflow. Finally, after funding, Blooma provides for real time auditing of current loan portfolios, without manual intervention, by tracking all the data changes related to the score and updating that data daily. Jeff Ramseyer, VP Sales, Blooma, Inc. & Geoff Eng, Sales Engineer, Blooma, Inc
Shield Compliance – Banking MRBs
Technology-Enabled Cannabis Banking: According to the latest findings from New Frontier Data, the U.S. legal cannabis industry is projected to be worth $41.5 billion by 2025. Adult-use cannabis programs, legalized in a growing number of states, are primarily driving this growth. As Congress continues to inch closer to passing cannabis reform legislation, banks in California and across the country are taking steps to ensure they are prepared to serve this industry and have a competitive advantage when the floodgates open. The introduction of new platform technologies makes it possible to automate compliance and risk-management processes, significantly reducing the labor and expense required to conduct the systematic due diligence demanded by this industry. In this session, we’ll demonstrate some of the key product features of Shield’s compliance platform and how they enable banks to maintain efficient and effective cannabis compliance, from customer onboarding to government reporting. Tony Repanich, President and Chief Operating Officer, Shield Compliance
Technology-Enabled Cannabis Banking: According to the latest findings from New Frontier Data, the U.S. legal cannabis industry is projected to be worth $41.5 billion by 2025. Adult-use cannabis programs, legalized in a growing number of states, are primarily driving this growth. As Congress continues to inch closer to passing cannabis reform legislation, banks in California and across the country are taking steps to ensure they are prepared to serve this industry and have a competitive advantage when the floodgates open. The introduction of new platform technologies makes it possible to automate compliance and risk-management processes, significantly reducing the labor and expense required to conduct the systematic due diligence demanded by this industry. In this session, we’ll demonstrate some of the key product features of Shield’s compliance platform and how they enable banks to maintain efficient and effective cannabis compliance, from customer onboarding to government reporting. Tony Repanich, President and Chief Operating Officer, Shield Compliance
Zogo – Gamified Financial Literacy
Created by young adults for young adults, financial technology company Zogo is on a mission to help financial institutions attract younger generations and promote financial wellbeing. Join Louden Richason and Chuck Long as they show how Zogo is working with over 100 financial institutions to help them educate, engage, and empower the next generation of financial decision makers. Backed by scientific research, its award-winning app offers bite-size modules and tangible incentives to make financial education fun, simple, and social. Louden Richason - SVP, Strategic Partnerships, Zogo & Chuck Long - VP, Strategic Partnerships, Zogo
Created by young adults for young adults, financial technology company Zogo is on a mission to help financial institutions attract younger generations and promote financial wellbeing. Join Louden Richason and Chuck Long as they show how Zogo is working with over 100 financial institutions to help them educate, engage, and empower the next generation of financial decision makers. Backed by scientific research, its award-winning app offers bite-size modules and tangible incentives to make financial education fun, simple, and social. Louden Richason - SVP, Strategic Partnerships, Zogo & Chuck Long - VP, Strategic Partnerships, Zogo