A Full Day of Fintech Practice

With dozens of companies slated to take the Finovate stage over the next two days, we’re placing the final touches each of the 7-minute demos. FinovateSpring begins tomorrow (still time to register) and we’re excited to watch these perfected demos at the San Jose Convention Center among a crowd of C-level banking executives, startup founders, VC’s, media, analysts, and press. Check out the word cloud below for a glance of who to expect.FS17 Titles (1)

If all of this last-minute prep is making you wonder about the details of this week’s show, wonder no more:

The event will be held at the San Jose Convention Center, (Google Maps) at 150 West San Carlos Street, San Jose, CA 95113.

Check out our full list of presenters and read our Sneak Peek blog series for more information about what each company will demo on stage.

Registration opens at 8:00 a.m. on Wednesday, April 26. A continental breakfast and coffee will be served until the first demo session begins at 8:45 a.m. Check out the full agenda on the FinovateSpring home page.

After the final demo session on Thursday, we’re hosting five panelists who will discuss the demos and their role in the larger fintech scene. The panel will be moderated by Ranjit Palkar, Partner at Capco. Panelists include:

  • Marc Chalifoux, TD Bank VP, Fintech Intelligence & Innovation
  • Lawrence Tang, Head of Investment Promotion InvestHK
  • Oded Shoshany, CEO of Celeriti FinTech
  • Valentina Isakina, Managing Director of JobsOhio
  • Illya Shell, VP New Product Development and Innovation at MasterCard

Mobile app
Download the Finovate mobile app from the app store. Use the app to access the agenda and attendee list, learn about presenters, schedule meetings and more. If you use the same email address in the app that you used to register for
FinovateSpring, it should recognize you immediately. If you have any issues, please email spring@finovate.com or see a Finovate staff member at registration.

For additional help, please check out the FAQ section on our website or email info@finovate.com. We’ll see you tomorrow!

Coinbase Launches Open Source Ethereum Wallet to Promote Financial Inclusion

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Bitcoin and Ethereum wallet company Coinbase has been doing some spring cleaning lately. Earlier this week, the company launched a developer preview of its new tool, Token.

Coinbase describes Token as a combination of a private, secure messaging app, a mobile browser for Ethereum apps, and an Ethereum wallet. The system was created to work like a global, open protocol version of China’s WeChat, India’s PayTM, and Kenya’s mPESA— all apps that drive large volumes of digital payments.

Because the app is made for small value payments, Coinbase opted to build Token for Ethereum, which has lower transaction fees than Bitcoin. In order to let users know who they can trust when it comes to money transfers, Token created a reputation system that allows users to build their trust profile each time they transact with others.


The impetus behind the new launch is to promote financial inclusion across the globe. In the blog post announcing Token, Coinbase wrote, “We believe that everyone in the world should have access to financial services, and with smartphones becoming ubiquitous, digital currency can make that happen.” The company has long term goals to “provide financial services to the 2 billion people in the developing world who have a cell phone, but don’t have access to a bank account; make it dramatically easier for people to build and use Ethereum applications; and shift digital currency from being just a speculative investment to being a payment network for useful goods and services.”

Founded in 2012, Coinbase serves as a digital currency wallet and offers tools to help merchants accept digital currencies at physical and digital points-of-sale. At FinovateSpring 2014, the company debuted Instant Exchange, a tool to help merchants avoid currency volatility when accepting digital currencies. Last month, Coinbase was granted approval to extend ether trades in New York and began offering margin trading to allow users to trade up to 3X leveraged orders on Bitcoin, Ethereum and Litecoin order books.

Finovate Alumni News

On Finovate.com

  • Coinbase Launches Open Source Ethereum Wallet to Promote Financial Inclusion.

Around the web

  • Expensify partners with TravelPerk to make business travel easier.
  • Bento for Business welcomes Lou Friedmann as Chief Revenue Officer.
  • Featurespace’s ARIC platform to power fraud prevention for GoHenry.
  • BBVA and Ripple complete blockchain cross-border money transfer pilot.
  •  Larky to power location-based perks platform for Sharetec’s CU clients.
  • Icon Solutions enhances Instant Payments Framework (IPF) to connect to The Clearing House for US Real-Time Payments.
  • Walletron helps Transactis grow its electronic billing and payments service, BillerIQ.
  • NICE Actimize unveils new, cloud-based, fraud analytics optimization technology, ActimizeWatch.
  • Global financial services firm chooses Mobile Verify and Mobile Fill from Mitek.
  • IBS Sales League recognizes Temenos as “number one best-selling digital and channels solution” worldwide.
  • Algomi teams up with OpenFin to deploy software updates faster.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Mastercard’s Biometric Payment Card: the Good, the Bad, and the Ugly

cardgifPayments giant Mastercard announced today it is undergoing trials for a new payment card. A first in the industry, the company has embedded a fingerprint scanner inside a Chip and PIN payment card– think of it as Apple Pay for your bank card. Once users insert their card into a chip reader, they set their finger on the embedded sensor, and the card sends the authentication to the bank, which approves the payment.

The good

  • Scanning their fingerprint eliminates the need for a user to enter (and remember) their PIN
  • Bystanders can’t steal your fingerprint as easily as they can peek at your PIN
  • The card defaults to a PIN or signature in the event the user’s finger is too sweaty or greasy to read
  • Users can add up to two fingerprints
  • Merchants can use their existing EMV card readers; no software upgrades are required

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The bad

  • Mobile biometric readers have proven to be spoofable
  • The fingerprint scanner will not work on magstripe-only readers
  • The card does not currently support contactless payment functionality popular in Europe

The ugly

  • In order to use the fingerprint sensor on the card consumers have to register their fingerprint by visiting a brick-and-mortar bank branch or enrollment center.
  • There is no information on what the card will cost, but it’s not going to be cheap. Whether the financial institution chooses to pay for the new card or if they decide to charge consumers for it (more likely), someone will need to foot the bill.

This new concept card has undergone trials in South Africa and will be tested in Europe and Asia Pacific in the next few months. A full rollout is expected later this year. Absa Bank, a subsidiary of Barclays Africa, was the pilot behind the South Africa trials. There’s no word yet on which bank partnerships Mastercard has in place for the full rollout.

This is not the company’s first foray into biometrics. In October 2016 Mastercard launched Selfie Pay, an app that enables users to authenticate by taking a photo of their face. Mastercard last demoed at FinovateFall 2014 and showed off its Developer Zone at FinDEVr San Francisco 2014.

Robo Advisor Wealthfront Launches Line of Credit to Make Users More Liquid

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Robo advisor pioneer Wealthfront must know that opposites attract: in this case, it’s saving and investing. Today, the company launched a securities-based lending option– a line of credit that allows its users borrow against their own savings accounts.

Through the new Portfolio Line of Credit program, the Redwood City, California-based company will enable users with taxable accounts of over $100,000 to access cash from their portfolio without disrupting their investment strategy. There is no application process or credit check to access the funds, which can amount to up to 30% of the user’s account total and can be accessed within one business day. Because the loan is backed by the borrower’s existing savings, the company is offering rates ranging from 3.25% to 4.50%– much lower than the industry standard.

Wealthfront offers a range of savings accounts, including trust accounts; joint accounts; traditional, SEP, and Roth IRAs; 401(k) rollovers; and a 529 college savings account. In addition to managing these account types, the company offers Selling Plan, a program to help employees diversify their concentrated holdings of company stock.

Founded in 2008 as kaChing, Wealthfront is managing $6 billion for 115,000 clients. The company debuted at FinovateSpring 2009. Earlier this year, Nerdwallet named Wealthfront a Top Pick, placing the company among the best robo advisors overall.

FinDEVr APIntelligence

FDLD17_EventLogoV1_wdate(large) (1)We saw some great stuff at FinDEVr New York last month; stay tuned for videos of the live presentations! If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

  • Xero sees $26.4 Million investment

Alumni updates

  • Money management app, TD MySpend from TD Bank, closes in on one million users.
  • ACI Worldwide broadens its relationship with Ant Financial Services mobile payment provider, Alipay.
  • PayPal teams with Android to launch a new way to pay.
  • i-exceed earns Gartner Magic Quadrant recognition as notable vendor in Asia Pacific for mobile app development platforms.
  • Former Kabbage CTO Amala Duggirala joins Regions Bank as its new CIO.
  • FICO announces partnership with economic empowerment non-profit, Operation HOPE.
  • Forrester names Kofax a leader in ECM transactional content services.
  • OutSystems launches global partner program, connecting integrators, resellers, and consultants to its low-code development platform.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

FinovateSpring Sneak Peek: NCR Corporation

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FS2017-Logo(rev)V1A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

NCR Corporation, a global leader in omni-channel solutions, will demonstrate a fully immersive virtual reality ATM experience with real-time remote collaboration using an NCR SelfServ 80 Series ATM.


  • Multiple people at different locations can look inside an ATM
  • Enables ATM training and servicing via a remote expert
  • Faster resolution of technical problems via real-time collaboration

Why it’s great
Real-time remote collaboration is a highly effective method of showcasing technology and developing expertise. NCR is a leader in this kind of innovative product development.


Suzan Szollar, Senior Product Manager, NCR Corporation

Shuki Licht, Chief Architect, Head of NCR Innovation Lab, NCR Corporation

FinovateSpring Sneak Peek: GoodData

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FS2017-Logo(rev)V1A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

GoodData will demonstrate how to leverage machine learning as part of a complete Enterprise Insights Platform to deliver prescriptive insights to users at the point-of-work.


  • Boost profits and productivity via machine learning
  • Radical personalization for users at their point-of-work
  • Data enrichment as a precondition for better models

Why it’s great
GoodData’s platform is designed to seamlessly integrate into financial customers’ existing systems and applications, dramatically enhancing and automating decision making processes for business users.Screen Shot 2017-04-17 at 2.50.07 PM


Bill Creekbaum, VP of Products
Creekbaum has been in product management and product marketing for nearly 20 years and for the past 10 has been focused on successfully delivering SaaS and Cloud Applications to the market.

Screen Shot 2017-04-17 at 2.50.21 PMGrant Salisbury, Head of Sales Engineering
As Head of Sales Engineering, Salisbury helps global companies create collaborative data products and smart business applications that drive innovation across their business ecosystems.

FinovateSpring Sneak Peek: Finicity

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FS2017-Logo(rev)V1A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

Finicity is leading the charge to speed up credit decisioning by digitizing key elements, including the burdensome and paper-laden verification of assets and income process.


  • Freeing up resources, improving accuracy and reducing fraud for lenders.
  • Giving borrowers a paper-free, hassle-free experience.
  • Shortening the time to loan

Why it’s great
Finicity believes that owner-permissioned transaction data is going to revolutionize credit decisioning. Verification of assets and income is just the beginning.Screen Shot 2017-04-17 at 3.28.36 PM


Nick Thomas, EVP and Co-founder
Thomas heads up data services at Finicity. He’s inspired by changing industry and consumer experiences through data aggregation and focuses on ways to constantly improve data access and quality.

Jessie Morris, Director of EngineeringScreen Shot 2017-04-17 at 3.28.51 PM
Morris is a problem solver by nature and a master software engineer and developer by trade. He plays a major role in designing and reimagining the Finicity data aggregation platform.

FinovateSpring Sneak Peek: Divy

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FS2017-Logo(rev)V1A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

Divy transforms investing. Finding stocks is simple and engaging. Buying them takes one tap, $10 and no commission. Divy – The Market is Now Open.


  • Discover: Find stocks based on everyday thoughts and ideas
  • Invest: Buy stocks with as little as $10
  • Save: No AUM. Commissions starting at zero

Why it’s great
Investing has never been more approachable, accessible or engaging. Divy meets the promise made but rarely fulfilled – investing accessible and affordable to all!

Screen Shot 2017-04-18 at 11.15.00 AMPresenters

Marc Teren, Founder and CEO
Whether it’s Disney, Washington Post, or high-profile startups like Cars.com, Teren has led the transformation of industries at the intersection of technological disruption and enablement.

Screen Shot 2017-04-18 at 11.15.10 AMReichart Von Wolfsheild, Chief Software Architect, CTO
Von Wolfsheild is an award winning technologist, cognitive computing expert, History’s “Invention USA” host, and developer of 120+ cutting edge consumer products for the Fortune 500.