SnapCheck Honored with 'Top 10 Companies in Finance' Award at FiNext Conference 2018

LAS VEGAS - Nov. 20, 2018 - PRLog -- SnapCheck has been honored with the 'Top 10 Companies in Finance Award'. The award was presented at the Finext Awards and Conference held at Bally's Las Vegas on October 25-26, 2018.

FiNext Awards is a platform to celebrate the best innovations from FinTech companies, it recognizes individuals and companies who have made persistent efforts in bringing about the future of financial technology. The awards committee finalized the awardees in four categories, after rating them on several parameters including overall impact on the Finance industry, integration of technology and Finance, and spirit of innovation.

SnapCheck has been selected as the winner in the 'Top 10 Companies in Finance' category. SnapCheck is driving the elimination of paper checks, saving organizations 65% or more in payment costs and reducing fraud by 90%.

Businesses are trapped in a world of paper checks. In 2016, businesses still conduct a majority of B2B transactions via paper check, and the use of paper checks is on the rise. This dependence costs businesses and banks $50 Billion in direct costs (printing, postage, writing, monitoring, reconciling) and $20 Billion in fraud losses annually.

SnapCheck's blockchain-enabled digital checking platform empowers organizations to break free from the trappings of paper payments and embrace electronic transactions. SnapCheck's digital checking platform integrates with bank core processors, accounts payable systems, payroll platforms to provide a seamless experience for users to send highly-secure SnapCheck digital checks instantly, directly from their mobile/online banking account or their preferred accounting software.

Because SnapChecks are 100% compatible with traditional paper check deposit methods (mobile, ATM, branch), recipients can maintain their legacy deposit processes or step up to instant, electronic deposits through SnapCheck, whenever they're ready to do so. Fraud is eliminated through strong cryptographic controls built into the digital check itself. SnapCheck combines the strength of electronic payments with the ubiquity of checks to save costs and eliminate fraud for businesses and banks alike.

The first FiNext Tech Awards & Conference was held on the 25th & 26th of October at Bally's in Las Vegas, Nevada. This event was the much awaited Finance and Technology conference of the year 2018 which aimed at bringing together the best and brightest from the field of Finance & Technology under one roof.

The conference strives to build a platform for startups, SMEs, key decision makers, researchers, investors and people from the media to interact and garner meaningful alliances.

The event saw individuals from technology, financial services, public sector, and academia come together for a two-day discussion on how to best support FinTech infrastructures, best ways to grow start-ups and general diversification in Finance & Technology and more.

For more information, visit https://www.finextcon.com

Know more about SnapCheck @ https://gosnapcheck.com
FiNext Interview with Ken Kruszka, CEO, SnapCheck: https://youtu.be/5XX_1PXggGU