Company Research Report: ASAPP Financial Technology Inc.
Company Overview
- Name: ASAPP Financial Technology Inc.
- Mission: To provide Customer Experience Software that supports regulated financial institutions in originating, onboarding, understanding, and growing customer relationships, aiming to create sustainable competitive advantages against direct-to-consumer fintech solutions.
- Founded: March 2001 as Lucidia, a web development firm in Sault Ste. Marie, Canada. Evolved into ASAPP Financial Technology Inc.
- Key People:
- JR Pierman, President & CEO
- Tony Dunham, Chief Revenue and Marketing Officer
- Headquarters: Toronto, Ontario, Canada
- Number of Employees: Not explicitly stated.
- Revenue: No information is available.
- Known For: Specializes in omnichannel experience platforms that integrate origination, onboarding, and relationship management for financial institutions in North America.
Products
ASAPP OXP® | Omnichannel Experience Platform
The platform enables seamless integration of various banking services, ensuring a holistic experience.
1. Account Origination Solution (AOS)
- Description: Facilitates account and deposit origination from any device.
- Key Features:
- Third-party integration
- Configurable platform
2. Lending Origination Solution (LOS)
- Description: Enables fast, online lending approvals.
- Key Features:
- Real-time lending approvals
- Custom risk-based rates
3. Customer Relationship Management (CRM)
- Description: Strengthens member engagement and management.
- Key Features:
- Member onboarding
- Relationship tracking
4. Enterprise Content Management (ECM)
- Description: Organizes documents securely.
- Key Features:
- Intelligent tagging
- Document retrieval
5. ASAPP OXP Opportunity Engine™
- Description: Enhances member relationships.
- Key Features:
- Business intelligence capabilities
6. ASAPP OXP Team Portal®
- Description: Connects employees for productivity.
- Key Features:
- Intuitive interface
- Task management
7. ASAPP OXP Platform Ecosystem
- Description: Provides a comprehensive view of user data.
- Key Features:
- Trend analysis
- Data flows
8. ASAPP OXP API
- Description: Ensures connectivity with financial ecosystems.
- Key Features:
- Always-on access
9. ASAPP OXP uniCORE™
- Description: Integrates with core banking systems.
- Key Features:
- Increases operational efficiency
10. ASAPP OXP inSIGHT™
- Description: Provides personalized member insights.
- Key Features:
- Lending decision support
11. ASAPP OXP ENGAGE Widget™
- Description: No detailed information available.
- Key Features: No detailed information available.
12. ASAPP OXP Data Junction™
- Description: No detailed information available.
- Key Features: No detailed information available.
Recent Developments
New Partnerships and Clients
- Northern Savings Credit Union signed a 5-year Master Services Agreement for the ASAPP OXP® Platform, emphasizing seamless origination and member experience.
- Signzy Partnership: To integrate biometric verification for enhanced security.
Product Updates
- ASAPP OXP® Version 20 Release:
- New features in origination and engagement, including biometric verification with Signzy.
- Transition from Jumio to Signzy for identity verification.
- Enhanced member and staff experience with new CRM functionalities and time zone preferences.
- Opportunity Engine improvements for CRM data insights.
Strategic Initiatives
- Northern Savings Credit Union implementation by June 2025 for full omnichannel capabilities.
Summary
ASAPP Financial Technology Inc. continues to reinforce its position as a leading provider of comprehensive, omnichannel platforms for financial institutions, offering extensive integration and user-friendly solutions to enhance member engagement and operational efficiency. The company is expanding its reach in Canada and the US, with innovative technology partnerships and significant platform enhancements contributing to its growth trajectory.
Media Contacts:
- Tony Dunham, Chief Revenue and Marketing Officer, ASAPP Financial Technology
- Email: tony.dunham@asappbanking.com
- Phone: 705.297.2276
Toronto Address:
460 Richmond Street West, Suite 403, Toronto, Ontario, M5V 1Y1
Phone: 416-915-0345
Michigan Address:
320 Howard Street, Suite 200, Petoskey, Michigan, 49770
Phone: 231 373 5500
