This post is part of our live coverage of FinovateSpring 2015.
Corezoid is making its way to the stage now. The company is demonstrating its cloud-based platform to help FIs build better business processes.
Two classes of problems exist in software development:
- Customer problems: it’s too long, it’s too expensive, lack of flexibility, high cost of updates, dependence on the developer, succession/inheritance
- Developer problems: modern programming paradigm means programming with implicit selection of statuses resulting in a lot of inherent technical problems, it’s too long, succession/inheritance
Corezoid solves these problems by switching from writing the code to building the algorithm.
Presenters: Sergey Danylenko, chief marketing officer at Corezoid, and Antony Rogalskiy, chief marketing officer, PrivatBank
Product Launch: November 2013
Metrics: $1 million raised; 5,398 enterprises; 27, 193 conveyors; 21,223,940,118 operations
Product distribution strategy: direct to business (B2B), through financial institutions
HQ: Wilmington, Delaware
Founded: November 2013