At YayPay, we love the opportunity to be part of a group effort to showcase our technology and AR solution, and on June 21, we were honored to be one of 11 companies chosen to present and participate in a virtual live stream at the FinTech Innovation Lab’s Demo Day.
The FinTech Innovation Lab Demo Day included presentations from YayPay and other companies working with new technologies in accounts receivable, data analytics, customer management and compliance. The goal for all companies participating in this year’s Demo Day was to work toward improving bank internal operations, including streamlining electronic payments and credit risk assessment, as well as increasing customer care and loyalty. YayPay’ s accounts receivable automation solution allows banks – and any business collecting receivables – to enable its systems to organize transactions and collection communications.
The FinTech Innovation Lab, which began in New York and has now expanded to London, Dublin and Asia Pacific, was created to act as a mentorship program for developing financial companies. FinTech works to provide a platform for these businesses to further establish themselves in collaboration with some of the world’s leading banks, while helping identify innovative technology on the rise in this sector.
It was an honor to be part of FinTech Innovation Lab Demo Day, as we were given the opportunity to explain how artificial intelligence and machine learning impact the way companies collect outstanding debt to lower their Days Sales Outstanding (DSO). We know were among a distinguished group of other companies who not only think progressively, but also have an eye on efficiency and increased productivity.
You can watch the full recording of the 2018 Demo Day online at: http://www.fintechinnovationlab.com/new-york/live/