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Top 10 Fintech Service Providers Enabling Better Corporate Management Amid Coronavirus

Smriti Srivastava

Financial technology solution providers, often shortened to fintech companies, are currently offering a range of interesting and beneficial offers that aim to lessen the stress over clients and customers amid economic uncertainty induced by coronavirus pandemic. Embellished with discounts, coupons and increased platform-trial duration at minimal or no cost, following fintech services are proving their worth and contribution in response to COVID-19 outbreak that has taken a toll over not only fintech but other industries as well. Let's explore how these fintech service providers are helping to curb the impact of the pandemic.

Adjoint which is a real-time payment and settlement platform for corporate treasury that offers real-time cash management using programmable multi-currency multi-bank programmable cash pools connected to banks and ERPs via APIs. The solution will be available on-prem and cloud-hosted for any time, anywhere access and control of liquidity. Considering the current crisis, the company is discounting the setup fees for enterprise customers.

Active.AI is a Singapore based Fintech startup with subsidiaries in the US and India, using artificial intelligence (AI) to deliver Conversational Banking services. The company has a pre-built virtual assistant that can be quickly customized with answers specific to the institution. The platform includes rapid deployment via its datasets and a 30-day trial. In this time of the pandemic, to help fintech industry players, Active.AI is offering an extra 30 days for customers that sign up at this time.

Founded out of MIT, Posh is a team of passionate engineers and computer scientists determined to make natural language interfaces more humanlike and delightful. It is a conversational AI company that helps financial institutions automate contact center workflows through – Context-aware chatbots that automate website FAQ's and online/mobile banking activities and Conversational Interactive Voice Response (IVR) that replaces traditional, clunky dial pads with voice-driven phone calls. Due to the coronavirus affect the company is currently offering 2 free months of its service.

Moxtra helps businesses deliver client experiences for the digital age. The company is headquartered in Cupertino, California, with offices in New York, London, Singapore, Shanghai, and Bengaluru. The company was created by the founders of WebEx to help businesses digitally interact with their clients. In this crisis era, today several banks are using Moxtra's one-stop client interaction hub. The company is further providing a three-month free trial.

Theta Lake as of now is offering a free, SEC 17a-4 archiving module which is specifically designed for collaboration content. The company intends to help firms remain safe and comply with regulations surrounding capture and record-keeping of business communications as they increasingly deploy their UCaaS platform to remote workers, such as RingCentral, Cisco Webex, Microsoft Teams, Zoom, LogMeIn, and more during coronavirus effect.

Street Contxt is an email intelligence solution for Capital Markets. Analyzing the current work ecosystem, the company is implementing a temporary measure during this period of uncertainty, following on the likes of Google, Microsoft, Box, and others, to try and help support its clients during this challenging period. Effective immediately, Street Contxt is offering all of its existing clients as many temporary Street Contxt licenses as they want, at no additional charge. The company will provide this support to all its clients during the next few months, through to the end of Q2.

Adlumin is a leading security and compliance automation platform that was built exclusively for financial institutions. Adlumin's SIEM discovers threats, malfunctions, and IT operations failures in real-time, and in seconds, allows customers to comply with one-touch reporting and automation tools. Recently the company extended its exclusive offer for existing customers that will provide them the opportunity to activate its 24/7 SOC Service, OVERWATCH, for free for three weeks.

7 Chord's team of former traders, machine learning researchers, and trading technologists have a purpose-built revolutionary smart system from the ground up. The company is the maker of BondDroid, a proprietary AI engine that generates highly accurate real-time streaming prices for 22,000+ corporate bonds. To provide market participants with price discovery in this unprecedented market, 7 Chord is offering BondDroid for free for the 3 months.

ANGRY is a research-based UX/UI studio specialized in designing fintech and banking products. The company creates logic and product design, test interfaces, examine users. The company is offering a set of absolutely free-of-charge UX/UI overviews from the standpoint of psychophysiology of interface perception, UX metrics, texts, and microcopy. For current crisis management, ANGRY will point out the weak points and provide advice on how to improve and enhance user experience.

Leaf is offering a free platform called Stammi for retailers in the EU to sign up and sell vouchers to & collect donations from patrons who wish to support them financially through the crisis. The company has partnered up with Stripe in order to make this available free of any transaction cost for merchants or customers.

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