Innovation 360 Group’s Gerry Purcell welcomes Boss Insights’ CEO Keren Moynihan to The Finovate Show series. In this series, Keren speaks with Equitable Bank’s and EQ Bank’s Mahima Poddar, Unzer’s Panagiotis Kriaris and Finaptic Technologies’ Richard Goyder.
“Scotiabank came out with a slogan for consumers ‘you’re richer than you think’, and it didn’t talk about chequing accounts, […] savings accounts or credit cards. It was just customer-focused. And we have nothing like that in commercial – nothing. It’s all around loans” – Keren Moynihan
Technology is turning financial services on its head. If you’re providing financial services, you must have the latest in technology, or risk obsolescence . These industry experts cover the evolving industry and the implications for industry players – adapt or be left behind. Keren highlights the “disconnect between what business owners need and what service providers are able to give.”
Keren shares the implications of technology in the commercial banking space, and how “financial services providers can put the ‘services’ back in ‘financial services.’” Currently, Boss Insights is enabling service providers to do this by getting “business loans approved 36x faster and the monitoring and the yearly renewals 500% faster for 60% less costs.”