Press Releases > Earnix Wins “Banking Innovation Award” in 2022 FinTech Breakthrough Awards Program
Earnix Wins “Banking Innovation Award” in 2022 FinTech Breakthrough Awards Program
March 17, 2022
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BOSTON, March 17, 2022 – Earnix, a global provider of advanced AI-driven rating, pricing, and product personalization solutions for Insurance and Banking, today announced that it has been selected as winner of the “Banking Innovation Award” in the sixth annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
Earnix’s AI-driven platform offers banks a strong competitive advantage through dynamic pricing and increased personalization of services to customers. Earnix ‘s solutions enable banks to develop and deliver personalized pricing and offerings in a fully governed process. Banks leveraging the Earnix platform can update their pricing and offers on a regular basis, be it daily or weekly.
“We are honored to stand amongst the FinTech Breakthrough winners’ circle this year. The Earnix platform enables leading banks to stay ahead of market events and leverage a competitive edge while meeting their business objectives,” said Be'eri Mart, Head of Banking Sales at Earnix. “With this technology banks can understand their customers’ behavior, predict future demand and outcomes as well as deploy new pricing and product offerings in an agile and fully governed process. This means, banks can reduce the months-long pricing development and deployment time to days, are able to turn consumer expectations into a reality and stay competitive regardless of changes in the market.”
Harnessing the power and precision of AI and ML capabilities, Earnix solutions gain real-time understanding of life-stages and life events to predict and offer dynamic banking products as soon as customers’ needs arise. With Earnix’s technology, banks can draw value in real-time from decision-making processes, run what-if simulations, and offer contextually based, highly personalized offers aligned with consumers’ needs. Additionally, Earnix’s system has been pre-configured for rapid integration within a bank’s existing tech infrastructure.
“Many banks still rely on legacy IT systems and manual processes to price, personalize and deliver products to consumers, and these financial institutions are simply not able to deliver on today’s customer expectations in a fully digitized world,” said James Johnson, Managing Director, FinTech Breakthrough. “Earnix’s “breakthrough” platform addresses these challenges with compelling AI-based technology, facilitating automated product personalization and dynamic pricing processes that are significantly faster, highly efficient, and more accurate than traditional methods. Congratulations to the Earnix team on winning the ‘Banking Innovation Award.’”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders, and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2022 FinTech Breakthrough Award program attracted more than 3,950 nominations from across the globe.
Earnix is a leading provider of mission-critical systems for global insurers and banks. Through Earnix, customers can provide prices and personalized products that are smarter, faster, safer and in full alignment with corporate business goals and objectives. Earnix’s solutions offer systemized, enterprise-wide value with ultra-fast ROI. Earnix has been innovating for Insurers and Banks since 2001 with offices in the Americas, Europe, Asia Pacific, and Israel.
About FinTech Breakthrough Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.