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Making banking work, without the paperwork

Neobanks

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 Douugh is an Australian and US-based neobank that provides digital banking services in the US via a mobile app, under the license of Choice Financial Group.&nbsp;
 
 
 It offers a checking account that allows customers to split their expenses into separate &lsquo;jars&rsquo; for specific purposes, and also features a debit card. The app also provides Personal Finance Management (PFM) tools that leverage artificial intelligence (AI) to provide customers with detailed insights into their financial position and aid them in building their wealth. In addition, the app also provides commission-free investment options in exchange-traded funds (ETFs). Douugh launched its app in the US in November 2020, and expects to officially launch its banking app in Australia in 2022.
 
 
 Key customers and partnerships
 
 
 As of December 2021, Douugh reported a user base of over 63,000 customers.
 
 
 In November 2021, the company entered into a partnership with Railsbank, a UK-based company offering a banking-as-a-service (BaaS) platform. The partnership was expected to aid Douugh to expand its presence in Australia and enter new markets such as the UK, Europe, and Southeast Asia. As part of the partnership, Railbank will provide Douugh with banking infrastructure, licensing, and Bank Identifier Number (BIN) sponsorship with Mastercard services, enabling Douugh to offer a full suite of banking products and services in new and existing markets.&nbsp;
 
 
 In December 2021, Douugh made its first branded partnership in the US with full-stack insurer Lemonade to offer insurance products to Douugh&rsquo;s US customers. Through the partnership, Lemonade&rsquo;s insurance products are expected to be offered as part of Douugh&rsquo;s curated marketplace of financial services. The partnership is in line with Douugh&rsquo;s strategy of integrating financial services within its app by building strategic partnerships with financial service brands.
 
 
 Funding and financials
 
 
 In October 2020, the company went public via an initial public offering (IPO) on the Australian Securities Exchange (ASX). In December 2021, it announced plans for a capital raise of AUD 8 million (~USD 5.7 million) through a private placement of AUD 5.5 million (~USD 3.9 million) and a share purchase plan of AUD 2.5 million (~USD 1.8 million). The company expected to use the fresh capital to fund its US expansion.
 
 
 In FY2023 (ended June 30, 2023), the company reported a revenue of AUD 146,226 (USD 97,578; down 75% YoY) and a net loss of AUD 6 million (USD 4 million) compared with AUD 11.6 million (USD 7.7 million) in FY2022.
 
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Established renewable energy technologies for a greener future

Current-gen renewables

Nexamp is a leading clean energy solutions provider and the largest community solar developer and owner in the US. The company operates innovative solar projects nationwide, offering individuals, businesses, and communities access to affordable and sustainable solar energy. Nexamp's extensive portfolio of community solar installations reflects its commitment to advancing renewable energy accessibility and environmental sustainability.
Through its comprehensive business model, Nexamp oversees all aspects of the solar asset lifecycle, including project development, acquisition, design, construction, operations, and customer management. By handling these processes in-house, the company ensures that both cost savings and employment opportunities reach everyday Americans. As of April 2024, Nexamp serves nearly 80,000 customers and maintains a portfolio of over 1.5 gigawatts of generating and in-construction capacity, capable of powering more than 300,000 households.
In 2023, Nexamp secured over USD 400 million in financing to support the creation of 49 solar and battery storage projects across six states. These projects are expected to provide an estimated USD 6.5 million in annual electricity bill savings to over 25,000 households while creating 2,390 construction and operations jobs. Additionally, in August 2023, Nexamp partnered with North American solar manufacturer Heliene, gaining access to 1.5 GW of domestically sourced modules for deployment on hundreds of community solar projects across the US.

Providing AI-driven market intelligence and workflow automation to give firms an edge

Capital Markets Tech

R3 is a leading provider of enterprise blockchain technology and services, focused on driving digital transformation in regulated industries such as financial services. Its flagship product, Corda, is an open-source, permissioned distributed ledger technology (DLT) platform built from the ground up to meet the stringent requirements of regulated markets.Corda facilitates secure and confidential peer-to-peer transactions, enabling the tokenization of assets and the automation of workflows across different organizations. It is designed to be scalable, handling tens of thousands of transactions daily, and interoperable with other DLT platforms like Ethereum, bridging the gap between traditional finance and decentralized finance (DeFi).Key applications of Corda encompass digital bonds, tokenized assets (e.g., gold), central bank digital currencies (CBDCs), trade finance, payments, settlements, and reconciliations. As of 2023, Corda powered platforms like the SIX Swiss Exchange's digital asset exchange SDX, Spunta Banca (an interbank reconciliation system used by over 90% of Italian banks), and Wells Fargo's digital cash program for interbank transfers.The company unveiled R3 Digital Markets in January 2024, a product suite leveraging its Corda distributed ledger technology (DLT) for capital markets. The offering integrates features like digital currency, digital assets, and interoperability, building on R3's existing capabilities, including its CBDC solutions and the IVNO bank coin acquired in 2021.Key customers and partnershipsR3 boasts an extensive ecosystem comprising leading financial institutions, technology firms, regulators, and global systems integrators (GSIs) like Accenture, Deloitte, and IBM. Notable clients include HSBC, Wells Fargo, Bank of America, Euroclear, Nasdaq, Allianz, Chubb, and the Italian Banking Association.R3 actively collaborates with industry bodies like ISDA, Hyperledger Foundation, and GBBC, driving DLT standards. It has partnered with central banks worldwide, including the Monetary Authority of Singapore, and Central Bank of the United Arab Emirates (UAE), to explore CBDCs and cross-border settlements using Corda.

Bringing the benefits of blockchain to the enterprise

Enterprise Blockchain Solutions

R3 is a blockchain-as-a-service (BaaS) company that offers a permissioned, distributed application platform (Corda) that can be used across traditional financial services applications. The platform is able to integrate with existing enterprise solutions and offers features such as digital identity management, digital notarization, and network mapping with use cases across digital asset marketplaces, cross-border transaction solutions, tokenized loans and security solutions, and digital smart bonds.R3 offers digital applications to corporations to improve traceability, digitize assets, and improve how payments are made. Companies also have access to various business networks and existing payment systems on Corda. Additionally, corporates are able to build their own solutions on the platform, with support from R3 in terms of the development and management of corporate applications.Key customers and partnershipsR3 was initially formed by a consortium of nine banks, which increased to over 60 partners in the first year since inception. As a result, the company is able to collaborate and work together with financial services companies to support the adoption of Corda across the ecosystem. Some key partners that have worked with R3 on potential use cases include HSBC, Nasdaq, MUFG, and Vodafone.Additionally, the company offers multiple partnership programs for startups and disruptors that seek to use the Corda network, including the Partner Program and the R3 Development Fund.In December 2023, the company <a href="https://sp-edge.com/updates/24919">partnered with RYVYL </a>, a blockchain-based payments infrastructure platform, to develop and launch a novel BaaS solution, RYVYL Block. This joint solution offers relevant tools and building blocks required for businesses to develop secure distributed ledger infrastructure and integrate blockchain technology into existing business frameworks, specifically in areas such as banking and high-volume data processing.

Alexander & Baldwin, Inc., a Hawaii-focused land company, engages in real estate development, real estate leasing, and agribusiness activities. Segments The company operates in three segments in two industries, Real Estate and Agribusiness. REAL ESTATE This industry consists of two segments, both of which have operations in Hawaii and on the Mainland

Midori & Friends is a non-profit organization that provides sequential music education services.

Urban League of Greater Southwestern Ohio transform generations by promoting personal empowerment and economic self-sufficiency.

Whiskey House of Kentucky specializes in the production of custom whiskey, offering a range of services that cater to the specific needs of their clients. This includes the ability to match existing whiskey recipes, create custom mash bills, and develop new flavor profiles. The company prides itself on its flexibility and technical sophistication, positioning itself as a key player in the whiskey distillery sector. With a facility located on 176 acres in Elizabethtown, Kentucky, Whiskey House of Kentucky is equipped to handle large-scale production requirements. The company's approach allows for a high degree of customization in the whiskey manufacturing process, making it a go-to for brands looking to create unique whiskey offerings.

United Way of Tucson and Southern Arizona is a non-profit organization that helps in uniting people with ideas, resources, and education.

Atwell is a consulting, engineering, and construction service company, that deliver a broad range of strategic and creative solutions to clients in a variety of industries including real estate and land development, power and energy, and oil and gas markets.

WISEPlace is a nonprofit community that helps abandoned women by offering shelter, counseling, addiction recovery & mental health services.

Nexamp is a provider of integrated renewable energy services that aim to minimize energy expenses and carbon emissions. The company provides renewable energy production, energy efficiency, energy storage, and energy management for deploying and operating solar energy assets, allowing communities and organizations to manage their energy plans.

W. P. Carey Inc. is a publicly traded REIT (NYSE: WPC) that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages an investment portfolio of more than $15 billion. W. P. Carey Inc. is the successor to W. P. Carey & Co. LLC, which had its origins in 1973. The largest owner/manager of net lease assets, our corporate finance focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Our portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows that have enabled us to deliver consistent and rising dividend income to investors for nearly four decades.

Jamul Indian Village Development Corporation owns and operates the gaming and non-gaming enterprises and its wholly owned subsidiary, Jamul Indian Village.

DSD Renewables is a renewable energy solutions company that develops, constructs and operates renewable energy projects. DSD Renewables has capabilities that encompass development, structured financing, project acquisition, and long-term asset ownership. Through these multifaceted strengths, DSD expedites the implementation of renewable energy resources, generating substantial value for its commercial, industrial, and municipal customers and partners.

Intersect Power is a clean infrastructure company bringing efficient, innovative, and scalable low-carbon solutions to its customers in energy and commodity markets. Our expertise includes all phases of development, design, engineering, finance, and operations. Intersect Power has a pipeline of 3.2GWDC of late-stage solar and storage projects that will be in operation by 2023 and an emerging pipeline of other clean infrastructure assets. The company has also developed and sold more than 1.7 GWDC of contracted solar projects across California and Texas, which are owned and operated by third-party investors.

They build, own and operate clean energy assets both behind and in front of the meter. Their solutions, managed by proprietary, technology-enabled risk management tools, allow us to provide dispatchable, affordable and resilient clean power to enhance system reliability and security for their customers and the grid.

Penelope is a self-service retirement platform for small and micro businesses.

Securrency delivers financial technology products for the tokenized issuance and trading of securities. The company’s protocol can be utilized on the Ethereum, Stellar, Ripple, EOS, and other distributed ledgers, as well as on legacy systems, allowing for seamless on-chain and off-chain movement of tokens. Securrency makes financial services more secure, transparent, efficient, and accessible by integrating legacy financial services with recent advances in distributed ledger technologies, payment gateways, and security frameworks. Built from the ground up with security and compliance at its core, Securrency enables an efficient market, bringing together investors seeking yield with value creators, such as asset owners, startups or fund managers requiring capital.

Goalsetter is a provider of a financial education platform for families to access educational media and tools for building wealth. The company also offers a robust suite of tools including goal-based saving with auto-save and round-ups, spart spending tools to keep kids on budget, fun and educational financial quizzes, and engaging videos. In addition to the Goalsetter App, it also offers Goalsetter Classroom, an in-classroom learning management system for K-12 schools with a teacher-led curriculum.

NUMiX MATERIALS is a water treatment company that specializes in manufacturing and supplying sorbents to remove dissolved heavy metals from contaminated water. It focuses on RCRA, Water, Sorbents, Pretreatment, and Metals. It was founded in 2018 and headquartered in Chicago, Illinois.

Douugh is a purpose-led fintech and neobank. Taking an AI first approach to autonomously helping customers better manage their money and live financially healthier lives.

R3 provides enterprise technology and services for direct, digital collaboration. The company’s multi-party solutions leverage its trust technology, connected networks, and expertise in regulated markets to improve processes in banking, capital markets, global trade, and insurance. As an early adopter of both private distributed ledger technology (DLT) application platforms and confidential computing technology, R3 enables institutions to leverage direct digital collaboration fully. The company manages one of the largest DLT production ecosystems globally, connecting over 400 institutions, including global systems integrators, cloud providers, technology firms, software vendors, corporates, regulators, and financial institutions from both the public and private sectors.

RelaDyne is a supplier of comprehensive equipment reliability products and value added services. The company's long heritage in the Automotive, Commercial and Industrial markets brings more than 350 years of combined expertise to more than 10,000 clients, cementing its commitment to each and every customer to deliver value, dependable service and solutions based on a foundation of partnership as a true trusted advisor.

Compass Diversified Holdings is a public company that owns and manages a diverse of middle-market businesses. The company offers its shareholders an opportunity to own profitable middle-market businesses that hold highly defensible positions in their individual market niches. Their model for creating shareholder value involves discipline in identifying and valuing businesses and proactive engagement with the management teams of the companies they acquire. Compass Diversified Holdings delivers a high level of transparency in its financial reporting and governance processes. The company was founded in 1998 and is based in Westport, Connecticut, United States.

Viamedia is the largest non-MSO affiliated video ad sales organization in the US offering video providers a full turn-key solution from a 100% independent firm.  At Viamedia, we are focused on driving revenue through the power of media. We provide video providers across the country with dependable, high quality representation of their advertising inventory, as well as, offering an extensive suite of online marketing services & solutions to help drive the business needs of our customers.  Viamedia provides successful media solutions for local, regional and national advertisers by inserting advertising onto major cable networks like ESPN, MTV, DISCOVERY, CNN, LIFETIME, A&E, FOX NEWS, TNT and SPIKE as well as providing online advertising solutions utilizing new and proven technologies.  Led by a diverse team with solid reputations, in-depth experience and track records of success in the advertising industry, Viamedia currently represents some of America's fastest-growing video providers.

Zilkha Biomass Energy manufactures a patented wood pellet for baseload renewable energy generation.

OneRoof Energy is a technology-rich solar finance provider that has quickly become one of the nation’s leading sources of affordable solar leasing.  At OneRoof Energy, we believe that solar electricity should be affordable to everyone. Through the SolarSelect® financing program, homeowners can convert to clean, affordable solar electricity for little or no money down.

US Bank is a multistate financial services holding company.  It provides a range of financial services such as lending and depository services, cash management, and trust and investment management services.   US Bank provides a range of products and services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions. Commercial and consumer lending services are principally offered to domestic customers with foreign operations and to large national customers operating in specific industries.   The company offers its products and services under various segments. Its wholesale banking and commercial real estate segment provides lending, equipment finance and small-ticket leasing, depository services, treasury management, capital markets, international trade services, and other financial services for the middle market, large corporate, commercial real estate, financial institution, non-profit, and public sector clients. The consumer and small business banking segment delivers products and services through banking offices, telephone servicing and sales, online services, direct mail, ATM processing, and mobile devices such as mobile phones and tablet computers. It encompasses community banking, metropolitan banking, in-store banking, small business banking, consumer lending, mortgage banking, workplace banking, student banking, and 24-hour banking.   The company’s wealth management and securities services segment offers private banking, financial advisory services, investment management, retail brokerage services, insurance, trust, custody, and fund servicing through five businesses including wealth management, corporate trust services, U.S. Bancorp asset management, institutional trust and custody, and fund services. The payment services segment includes consumer and business credit cards, stored-value cards, debit cards, corporate and purchasing card services, consumer lines of credit, and merchant processing. The treasury and corporate support segment includes its investment portfolio for commercial and commercial real estate loans and other real estate funding, capital management, and interest rate risk management.   US Bank was founded in 1863.

<div> US Bank (NYSE: USB) is a financial services company headquartered in Minneapolis, Minnesota. It is a subsidiary of US Bancorp, a diversified financial services holding company. US Bank offers a wide range of banking, investment, mortgage, trust, and payment services to individuals, businesses, governmental entities, and other financial institutions. US Bank reported net interest income (NII) of USD 17.4 billion and non-interest income of USD 10.6 billion in <a href="https://ir.usbank.com/files/doc_financials/2023/ar/US-Bancorp-2023-Annual-Report_ADA.pdf#page=7"> FY2023 </a> (year ended December 2023). The company operates under <a href="https://ir.usbank.com/files/doc_financials/2023/ar/US-Bancorp-2023-Annual-Report_ADA.pdf#page=135"> three business segments </a> : 1) Wealth, Corporate, Commercial, and Institutional Banking (~36% of NII) services a range of clients, including wealth management, middle-market, large corporate, government, and institutional clients; 2) Consumer and Business Banking (~49%) includes consumer banking and lending and small business banking services offered through various channels such as banking offices, telephone, online, mobile, and intermediary relationships; 3) Payment Services (~16%) includes consumer and business credit cards, stored-value cards, debit cards, corporate, government, and purchasing card services, as well as merchant processing. US Bank <a href="https://www.usbank.com/about-us-bank/company-blog/article-library/us-bancorp-completes-acquisition-of-union-bank.html"> acquired </a> MUFG Union Bank's regional banking franchise from Mitsubishi UFJ Financial Group, Inc. in December 2022 and completed integrating its systems and account conversions from Union Bank in 2023. US Bank reported that <a href="https://ir.usbank.com/files/doc_financials/2023/ar/US-Bancorp-2023-Annual-Report_ADA.pdf#page=21"> 98% of its operations </a> were sourced from renewable energy as of 2022. </div>

Video: US Bank at FinovateFall 2024 – The growth of embedded payments

Digital Wallets

These enable users to utilize their wallets for various transactions at virtually any merchant that accepts digital wallet payments without any restrictions on usage.

These enable users to carry out transactions at a selected list of merchants and locations. Merchants may need to set up predefined agreements with digital wallet issuers to accept payments from the wallet.

These are typically developed by merchants themselves and allow customers to use their wallets to make payments at the merchants’ own stores. Users are unable to use these wallets for transactions outside the issuing merchant.

Companies that offer white-label solutions for businesses and fintechs to set up their own digital wallet offering.

Electrifying passenger and commercial travel

US Bank

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