Nexxo Financial Corporation chosen as finalist in Core Innovators Mega Challenge
BURLINGAME, Calif. --(Business Wire)--
Nexxo Financial Corporation was chosen as a finalist and will compete with other financial technology entrepreneurs in the Core Innovators Mega Challenge, one of the most popular events at the 8th Annual Underbanked Financial Services Forum. The competition is sponsored by Core Innovation Capital to highlight the most promising new ideas serving the emerging middle class. The finalists demonstrate their cutting-edge products on opening day at the Forum, June 5th, 1:30 to 4:30 in Miami, Florida. The winner will be selected by audience voting and awarded a $10,000 prize.
Nexxo, a pioneer in the delivery of alternative financial services offers banks, retailers and other financial institutions a technology solution that delivers a user-friendly and convenient experience for the consumer. With Nexxo's platform, consumers only need to register once, are remembered on return visits, and can complete a variety of transactions - pre-paid card servicing, cash checks, pay bills, send money and print money orders.
"Everyday financial services have historically been delivered in a transactional rather than in a customer-centric way," said Claudia Richter, Nexxo VP of Product Management. "There is an exciting opportunity to better serve this rapidly-evolving market by treating all customers like customers."
Nexxo's Everyday Financial Services (EFS) platform provides the complete multi-channel package which banks and financial service providers are seeking to serve the underbanked. With Nexxo's proven, turn-key solution, banks can quickly bring alternative financial services to market and begin realizing additional fee income. Nexxo's customer-centric delivery approach eases the compliance burden and improves customer experience. The platform allows cients to offer their customers personalized promotions and to build valuable, long-term relationships. Customers are able to transact via self-serve Kiosk, teller-assisted Desktop or Nexxo Consumer Mobile, and financial service providers are able to tract a single unified customer profile.
At the Forum, Richter will demonstrate Nexxo's innovative solution at the Core Innovators Mega Challenge. Attendees can visit Nexxo in booth 38.
About Core Innovation Capital
Core Innovation Capital is a leading investor in financial technologies serving the Emerging Middle Class, the 80 million Americans that generate over $1 trillion in annual income and spend more than $78 billion in fees and interest on financial services. Core partners with proven entrepreneurs and invests in disruptive financial technologies that measurably improve the lives of the Emerging Middle Class. The Core Impact Alignment investment thesis leverages social impact to create above-market financial return. For more information about Core Innovation Capital, visit www.corevc.com or follow @coreemc.
About the Center for Financial Services Innovation
The Center for Financial Services Innovation (CFSI) is the nation's leading authority on financial services for underserved consumers. Through insights gained by producing original research; promoting cross-sector collaboration; advising organizations and companies by offering specialized consulting services; shaping public policy; and investing in nonprofit organizations and start-ups, CFSI delivers a deeply interconnected suite of services benefiting underserved consumers. Since 2004, CFSI has worked with leaders and innovators in the business, government and nonprofit sectors to transform the financial services landscape. For more on CFSI, go to http://www.cfsinnovation.com or follow on Twitter (News - Alert) at @CFSInnovation.
Founded in 2003, Nexxo Financial Corporation provides a turn-key, multi-channel solution for the delivery of alternative financial services. Drawing upon close to ten years of kiosk based self service delivery of money transfers, check cashing, money orders, bill payment, prepaid card servicing and reloads, and mobile top-ups, Nexxo's technology offering has expanded to include teller-facing and mobile applications as well as support for a growing list of underlying providers and products. With integrated customer registration and management, compliance, and pricing and promotions engines, Nexxo allows retailers and financial institutions to quickly and cost effectively serve the needs of this growing customer segment. For more information, visit nexxofinancial.com.