Company Market Research Report: FinConecta
Company Overview
Name: FinConecta
Mission: FinConecta is a technology company that brings together digital solutions and businesses in the financial world and beyond. The platform, 4wrd, accelerates digital transformation and open banking, facilitating different use cases and new business opportunities.
Vision: Connect the world, digital solutions for all.
Founded: No information is available
Founders: No information is available
Key People:
- Jorge Ruiz: Founder & CEO
- Betty DeVita: Chief Business Officer (CBO)
- Duilio Izzi: Chief Technology Officer (CTO)
- Karina Gibson: Chief Strategy & Marketing Officer
- Yolanda Rivera López: People, Finance & Administration Head
Headquarters: No information is available
Number of Employees: No information is available
Revenue: No information is available
Notable For:
FinConecta is known for its middleware platform, 4wrd, which simplifies and accelerates digital transformation in financial institutions through Open Banking and Open Innovation.
Products
Primary Platform: 4wrd
High-Level Description:
4wrd is FinConecta’s proprietary middleware and is built on the foundation of modern, reliable technological infrastructure of APIs and ESB. It provides a modular, flexible, and scalable structure that enables Open Banking and Open Innovation.
Key Features:
- Single Integration: Access to multiple solutions with a single integration.
- Rapid Deployment: Launch applications up to 10 times faster.
- Ecosystem Building: Integrate multiple players and create new revenue streams.
- API Monetization: Build and monetize APIs to expand service offerings.
- Global Deployment: Third-party technology solutions can deploy worldwide with a single integration.
Services (as offered via 4wrd)
Open Banking:
- Expose APIs & Monetize: Enable financial institutions to set up a branded developer portal to monetize APIs.
Open Innovation:
- Collaborate and Innovate: Assist in finding the right fintech partners to launch new digital products.
Modules:
- Digital Solutions Store: Online catalog of premium technology solutions.
- API Gateway: Manages APIs, facilitating third-party solution integrations.
- Sandbox: Secure environment for pre-production testing.
- Consent Module: Manages access to sensitive digital assets.
Recent Developments
New Products/Services:
- Open Finance Innovation Program: Powered by AWS, this platform accelerates innovation by providing a set of cloud services, accelerators, and technology infrastructure.
- Open Finance Sandbox: Leveraging AWS, this allows fintech validation, connectivity testing, open innovation programs, and proof-of-concepts.
New Features:
- AWS CloudFormation Integration: Uses AWS CloudFormation for infrastructure management.
- Enhanced Security and Compliance: Leveraging AWS tools such as AWS CloudTrail, AWS Config, Amazon CloudWatch, and more to ensure compliance and security.
Partnerships:
- FICANEX Technology: To deliver the first Open Banking platform in Canada.
- Various Investors: Including the Inter-American Development Bank (IDB), The Venture City, and private investors.
Awards/Recognitions:
- Banco Fihogar (Dominican Republic) Award: Recognized by FinTech Americas for Disruptive Innovation in Financial Services. This award was partly due to FinConecta’s contribution to their digital transformation journey.
Events:
- Singapore FinTech Festival 2020: Participation with renowned speakers.
- International Women's Day Celebration: Highlighted commitment to gender equality.
- Business Innovation Summit in Lima, Peru: Discussed transformation in the financial market.
Sustainable Development Goals (SDG)
Commitment: FinConecta is committed to financial inclusion and access for all, aligning primarily with the goals of dignity and prosperity.
Investors and Board Members
Investors:
- Inter-American Development Bank (IDB)
- The Venture City (private equity fund)
- Private Investors
Board Members:
- Jorge Ruiz: Chairman
- Jim Cowles: Board Member
- Betty DeVita: Board Member
- Alex Robbio: Board Member
Advisors:
- Mauricio Lorenzetti: Advisor
- Martijn van Rooij: Advisor
- Helena Herrero: People & Culture Advisor
Note: The above report is compiled strictly from the available data. Any missing information is marked as "No information is available".