Realty Mogul Launches Second REIT, MogulREIT II

Just one year after celebrating the first anniversary of its first real estate investment trust (REIT), Realty Mogul has unveiled its second REIT offering: MogulREIT II. The trust will invest in multi-family apartment communities that have shown “consistently high occupancy and income levels across market cycles,” according to the company’s press release.

Calling multifamily housing “a great sector for investment,” Realty Mogul CEO and co-founder Jilliene Helman pointed to how consumers – especially millennials –  are shifting from buying a home to renting. She highlighted this generation’s preference for lifestyle flexibility, but added “we’re even seeing an emerging demand among baby boomers, who are moving back into city centers from their home in the suburbs.”

“The response to MogulREIT I overwhelmingly reinforced our view that retail investors are looking for a better way to invest in real estate,” Hrach Simonian, General Partner at Realty Mogul investor, Canaan Partners, said. “Multifamily is one of the most requested products by our customers and we have tailored this fund to that category.”

Founded in 2012 and headquartered in Los Angeles, California, Realty Mogul demonstrated its technology at FinovateSpring 2013. The company enables accredited, non-accredited, and institutional investors to invest in a variety of real estate properties through its secure, private, online platform. Investors can search and review investment opportunities on the platform, as well as examine due diligence information, and sign legal documents in a secure environment.

Finovate research analyst Julie Muhn profiled Realty Mogul in her look at Real Estate Investing Tech earlier this year, and interviewed CEO Helman in her feature “Why PropTech and MortgageTech Are the Future of Fintech.” Realty Mogul has raised more than $46 million in funding, and includes Sorenson Capital and Canaan Partners among its investors.

German Challenger Bank N26 Deploys Banking Technology from Mambu

Mambu has gone on the record about its core banking software project at N26, a German-based challenger bank, reports Tanya Andreasyan of Banking Technology (Finovate’s sister publication).

N26 is using Mambu’s flagship core system, provided on a Software-as-a-Service (SaaS) basis. The vendor said it enables the mobile-only bank “to integrate systems and quickly bring services to market in support of its growth strategy”.

N26 migrated to Mambu’s platform once it obtained its own banking licence late last year. Prior to that, it had been relying on a partner bank.

The bank’s customer base has recently reached 500,000 across Europe.

According to Gino Cordt, CTO of N26, the new platform resulted in a “drastic” decrease of the bank’s operating costs and minimising the IT resource requirements.

Cordt also complimented Mambu’s “ease of integration, flexibility and time to market”.

Mambu’s core banking system supports current accounts, overdraft and loan products at N26.

Eugene Danilkis, co-founder and CEO of Mambu, praised N26, saying “By putting customer experience at the centre of their strategy, they have created an app which gives their customers a truly simple banking experience.

“This is a great example of how retail banking can be redesigned in the 21st century.”

Mambu demonstrated its technology at FinovateAsia 2013 in Singapore. Headquartered in Berlin, the company has raised more than $13 million in funding, and includes Action Capital Partners and CommerzVentures GmbH among its investors.

FinovateFall Sneak Peek: RateSeer Technologies

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

RateSeer’s Denoti provides clients with customized up-to-the-minute detection and notification of changes to any number of thousands of market indicators on any device.

Features

  • Instant detection and notification for 1,000’s of market indicators
  • Mobile access to user-defined, real-time actionable data
  • Sleek custom dashboards with simple market visualizations

Why it’s great
Denoti also offers custom data and visualization solutions with its technology, data, and infrastructure along with client data, optional smart news feeds, and predictive market analysis.

Presenters

Donna Tilden, CEO and Founder
More than the stereotypical accountant, Tilden combined decades of financial services experience with her passion for innovative, accessible technologies, and wealth management excellence.
LinkedIn

 

Brian Smith, Head of Business Development
Smith is a wildly successful West Coast entrepreneur with decades of sales and wealth management experience.
LinkedIn

FinovateFall Sneak Peek: ITSector

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

ITSector is an IT company specializing in credit solutions and digital transformation.

Features

  • Credit origination solution contemplating all stages of credit lifecycle and all types of credit
  • UI with bots and augmented reality
  • Proactive banking with instant messaging

Why it’s great
Flowcredit is a management platform to all credit contracting stages. It is the perfect banking solution for the entire credit lifecycle.

Presenters

Sara Martins, Business Developer
With a background in management, Martins is responsible for exploring market opportunities and for building key customer relationships.
LinkedIn

 

Ana Silva, Marketing Manager
Silva implements and executes ITSector’s strategic marketing plan, helping build brand value and increase sales.
LinkedIn

FinovateFall Sneak Peek: Promontech

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

Are you ready for the next generation mortgage journey? PromonTech creates technology that lenders and consumers can use collaboratively, transforming the digital mortgage experience.

Features

  • Allows lenders and their customers to move seamlessly between self-serve and loan officer-assisted processes
  • Offers an easy, visually-appealing drag-and-drop interface
  • Seamlessly feeds the downstream loan origination process

Why it’s great
Promontech promotes data quality and regulatory compliance through visual design, automation, and analytics. The result? A flexible delivery culture that champions velocity and quality.

Presenters

Michael Kolbrener, Chief Technology Officer
Kolbrener has a diverse history creating technology solutions. He builds high-performance teams recognized for their leadership, technical expertise, and delivery.
LinkedIn

 

Tony Pietrocola, Head of Sales
Pietrocola got his start as an Apple Computer Systems Engineer and has founded and grown two successful technology companies in fintech and SaaS software, including vLoan.com and Bridgeline Digital.
LinkedIn

FinovateFall Sneak Peek: BLUERUSH

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

BLUERUSH specializes in reimagining financial tools and experiences to drive more active financial decision-making and smarter conversations.

Features

  • Creates a humanized experience that mimics an advisor conversation
  • Transforms financial tools from simple advertisements to lead generation opportunities.
  • Simplifies complex financial concepts

Why it’s great
Personalization is key to competing in the digital space. INDIVIDEO creates a more compelling story that makes more active financial decision-making and more impactful marketing outreach.

Presenters

Larry Lubin, CEO and President
Lubin is the founder of BLUERUSH and has been a leading individual in the financial services space. Being a key strategist on several major initiatives, he has driven the evolution of fintech.
LinkedIn

 

Matt Wrobel, Marketing Strategist
Bringing a unique background in science, business, and technology, Wrobel has played a major role in leading BLUERUSH’s product and business development.
LinkedIn

FinovateFall Sneak Peek: AFS

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

AFS is the only provider that has an agile, out-of-the-box solution – AFSVision – for all segments of commercial lending including syndications operating in real-time, anytime, anywhere.

Features

  • Mobile-enabled for better customer interaction
  • Real-time processing capabilities are scalable for all loan types and sizes
  • Cloud-based to be agile, compete, and grow

Why it’s great
AFSVision is an agile commercial lending solution that operates in real-time. It shrinks turn time to strengthen new/existing relationships and provides more time to win new deals.

Presenters

Jason Boyer, Product Manager, Capital Markets
Boyer has 20 years of capital markets experience supporting loan syndications and trading, TRS, OTC, and derivative products to drive business growth and value for clients.
LinkedIn

 

Bill Butryn, Director, Capital Markets
Butryn has been helping financial institutions leverage technology to reduce risk and cost, extract value, and drive revenue in capital markets for over 45 years.
LinkedIn

 

 

Mark Deese, Product Manager, AFSVision
Deese collaborates with technology innovators to provide strategic product initiatives that help a wide array of clients benefit from AFSVision’s robust capabilities.
LinkedIn

FinovateFall Sneak Peek: Mastercard

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

Mastercard Cash Pick-Up allows banks and their disburser customers to deliver cash quickly, securely, and easily to any vetted consumer – banked and unbanked – through enabled ATMs, without a card.

Features

  • Available for use by banked and unbanked consumers
  • No card or smartphone is necessarily required
  • Leverages Mastercard’s global network of ATMs

Why it’s great
Getting cash to people can be expensive and inconvenient. This solution, delivered through banks, gives disbursers and recipients more choice in sending and receiving cash.

Presenters

Dan Goodman, SVP, ATM Product Management
Goodman focuses on building the ATM product line strategy, delivering compelling solutions for consumers and issuers, and growing profitability.
LinkedIn

 

Greg Barrett, VP, Product Development & Innovation for Global Credit and Debit
Barrett has over 20 years’ experience developing and managing technology products across various industries.
LinkedIn

FinovateFall Sneak Peek: Uniken

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

REL-ID from Uniken is a game-changing security platform that delivers an amazing client experience. Never worry about credential compromise, harvesting, phishing, DNS, or SSL attacks ever again.

Features

  • Military-grade security, total compliance, and frictionless customer experience
  • Omni-channel: mobile, web, call center, text, and voicemail
  • Price for scale: Pennies per user

Why it’s great
Uniken’s seamless customer experience can increase mobile engagement by 400% while its security can simultaneously reduce fraud to zero.

Presenters

Bimal Gandhi, CEO
Gandhi has two decades of global experience across management consulting, technology, and financial services industries within the U.S., U.K., and India.
LinkedIn

 

Dwayne Cosby, Senior Advisor/Wealth Management
Cosby has 20+ years of senior management and consulting experience in financial services. He is focused on driving deep enterprise transformation through new technologies and strategic redesign.
LinkedIn

FinovateFall Sneak Peek: SpyCloud

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

Employing a network of world-class research analysts, SpyCloud provides visibility into your employees’ and customers’ exposed credentials actively being traded in the underground.

Features

  • Protect yourself against the number one cause of cybercrime
  • Mitigate the cost of fraud from customer account takeover
  • Understand your company’s credentials that are being traded online

Why it’s great
Ignorance is not a virtue when it comes to cybersecurity exposures of top executives, customers, and fellow employees’ information. SpyCloud reveals those exposures. Follow them on Twitter @SpyCloudCo.

Presenters

Ted Ross, CEO and Co-Founder
Ross is a seasoned cyber security executive who has worked for HP, Tipping Point, Walmart, the U.S. Air Force, and other top security organizations.
LinkedIn

 

Chris LaConte, Head of Business Development
LaConte is an experienced fintech executive who has previously held senior business development roles at Green Dot and Higher One.
LinkedIn