Lisa Flieg

Jani Penttinen of Alumnus Transfluent: “Success will be defined by the people around you”

The world is becoming smaller every day, not just because of the amazing technological advancements of recent decades, but also because of the way the internet and the digital revolution are eradicating physical and spatial barriers. Things taking place on the other side of the globe suddenly feel like they’re right next door to us – if only those language barriers weren’t still in the way. The CODE_n alumnus Transfluent was founded in the belief that all companies should have an easy way to become global and communicate with their customers in the local language. The conviction of the Finnish startup morphed into a leading translation provider with a global team and solutions that bring them to the forefront of innovative technology. We spoke to the CEO and founder Jani Penttinen about the things that make his business model unique and the journey towards becoming a global, rapidly expanding enterprise. Jani also divulges a couple of personal tips on setting up a successful team and how he successfully pulled together 800k through the crowdfunding platform Invesdor. And that was just the prep work before the planned IPO gets underway! Jani also tells us about the up-and-coming startup scene in Finland.

 

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Lisa Flieg

“Banks are at real risk of losing their power position”: FinTech feature part 1 with Meniga

Banks need to wrap up warmly – the upheaval across the whole sector has only just begun! Cryptocurrencies like Bitcoin and Ethereum are on a mission to revolutionize our monetary system, roboadvisors are superseding human financial advisors using sophisticated algorithms that predict the best personal investment strategy, or transfer money at the click of an icon on your smartphone. And this is just the tip of the iceberg. There is huge potential for disruptive concepts to take us off the beaten track into entirely new realms of banking and finance! The keys to the door for the promising FinTech startups now entering the market are customer service and automation. These two factors are defining current goals, as startups dare to challenge the hegemony of traditional financial services and the age-old banking system. How? By combining cutting-edge technology like blockchain systems, artificial intelligence and big data, and using them to create new and enhanced services for their customers. As part of our Future of Finance and Banking series, we will be looking at this fascinating topic and speaking to some of the “revolutionaries” in the sector. Their aim will be to predict developments in this rapidly evolving market from their standpoint, lifting the lid on visionary FinTech business and gaining insights into the kind of financial world we can expect to experience in the future!

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