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Cachet Financial Solutions Debuts Select MobileMoney

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: Cachet Financial Solutions, FinovateFall 2014

This post is part of our live coverage of FinovateFall 2014.

Cachet Financial Solutions demonstrated how financial institutions can offer their prepaid cardholders a mobile app:

“Cachet’s Select MobileMoney enables financial institutions to offer their prepaid cardholders a full suite of financial services in one easy-to-use mobile application. Expedited bill pay, remittance, card to card transfer, mobile deposit and other key financial services are available to the prepaid cardholder anywhere and anytime, eliminating the inconvenience and cost of accessing multiple providers for everyday financial services.

A key differentiator, Select MobileMoney’s powerful backend analytic tools enable prepaid card providers to monitor mobile app usage, segment cardholders based on behavior and keep them engaged by sending push notifications with relevant marketing offers linked to their behavior.”

Presenting: Youri Bebic, SVP Mobile Innovations and Kimberly Timmons, Relationship Manager

Product Launch: October 2013

Metrics: More than $35M raised since inception, 58 employees, went Public in July 2014

Product distribution strategy: Through financial institutions, through other fintech companies and platforms

HQ: Minneapolis, MN

Founded: 2010

Website: cachetfinancial.com

Twitter: @CachetFinancial

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Matchi’s Platform Hosts Innovation Challenges to Encourage Collaboration with Banks

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: Uncategorized

This post is part of our live coverage of FinovateFall 2014.

Matchi demonstrated how its platform connects innovators and bankers:

“Matchi is a global innovation matchmaking platform that has rapidly gained momentum in the world fintech market with both innovators and banks. The Matchi platform enables innovators to showcase latest, market ready innovations, and for banks to source these innovations from anywhere in the world.

Member banks cannot only see innovations from around the world, but also can post innovation challenges to the Matchi innovators community. Moreover, Sponsor Banks (all non-competing) on the Matchi platform are encouraged to collaborate and share innovations, as well as enjoy first viewing rights to innovations as they are logged.”

Presenting: David Milligan, CEO, Matchi, Warren Bond, Co-Founder, Matchi, and Simon Jenkins, Director, Advisory Services, KPMG

Product Launch: November 2013

Metrics: 30 Member Banks signed up since launch, 3 Sponsor Banks, New Innovations logged daily

Product distribution strategy: Direct to Business (B2B)

HQ: Central, Hong Kong

Founded: November 2013

Website: matchi.biz

Twitter: @matchibiz

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Yodlee Launches Solution to Help FIs Take Advantage of APIs

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: FinovateFall 2014, Yodlee

This post is part of our live coverage of FinovateFall 2014.

Yodlee launched APInnovation:

“Application Programming Interfaces (APIs) are the rage, but if you’re a financial institution – or a company with complicated systems and data connections – then taking advantage of APIs can be daunting or even impossible. Yodlee is changing that with a single API and customized developer portal, built for each customer, and exposable to developers in a secure and compliant way.

With the data, the API, and the tools to build and create, financial institutions are free to innovate with speed and agility. For example, enabling consumers to “invest their change” in stocks – a cool new idea, and a big win for institutions AND consumers.”

Presenting: John Bird, Product Marketing, Yodlee; Jon Petz, Product Evangelist, Yodlee; and Avi Lele, CEO, Stockpile

Product Launch: September 2014

Metrics: Yodlee is a global financial technology leader with 750+ customers, 64 US patents, millions of users, and more than 900 employees worldwide. From leading financial institutions to Fortune 500 Internet companies to the coolest startups, Yodlee powers the services shaping today’s digital customer experiences.

Product distribution strategy: Direct to Business (B2B)

HQ: Redwood City, CA

Founded: February 1999

Website: yodlee.com

Twitter: @Yodlee

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Financeit ‘s USA-Compliant Platform Helps Businesses Provide Payment Plans to Customers

By David Penn Posted on September 24, 2014
Categories: FinanceIt

This post is part of our live coverage of FinovateFall 2014.

Our next presenter is Financeit. In partnership with FIS, Financeit is demoing Financeit USA Launch, making it easy for businesses of any size to boost their sales by offering payment plans to their customers.

Financeit, in partnership with FIS, is announcing the launch of, and showcasing, a USA-compliant platform. Their Finovate demo shows all of the components required to ensure processes are compliant while still providing end users with an amazing product.

Presenting: Michael Garrity (CEO), Katie Robinson (SVP Strategic Innovation), and Paul Sehr (CTO)

Product Launch: September 2014

Metrics: Since launch, Financeit has processed over $700M in loans from more than 3,500 merchant partners. Financeit has raised over $21M in Venture Capital and currently has more than 65 employees.

Product distribution strategy: B2B Marketing, Sales and Partnerships

HQ: Toronto, ON, Canada (USA HQ: New York, NY)

Founded: January 2011

Website: financeit.io

Twitter: @financeit

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Ayasdi Finance Helps Capital Markets Businesses Better Utilize Data

By David Penn Posted on September 24, 2014
Categories: Ayasdi, FinovateFall 2014

This post is part of our live coverage of FinovateFall 2014.

Coming to the stage next is the team from Ayasdi, demoing Ayasdi Finance.

“Ayasdi’s finance application will allow capital markets businesses to automatically identify persistent relationships between market conditions and client trading-behaviors and to generate alerts based on this dynamic information. In addition, this application will be able to utilize Ayasdi’s novel mathematical framework to predict model failure and systematically update the model in states where it fails.

This application will leverage Ayasdi’s powerful platform which integrates machine learning algorithms within a topological framework. This platform gives the application its ability to generate results that take several types of data into account including, but not limited to, social data, numeric data, and the macro economy.”

Presenting: Michael Woods (Principal Data Strategist) & Max Song (Data Scientist)

Product Launch: October 2014

Product distribution strategy: Direct to Business (B2B), Licensed

HQ: Menlo Park, CA

Founded: June 2008

Website: ayasdi.com

Twitter: @Ayasdi

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BioCatch’s Behavioral Biometrics Uses Its Invisible Challenges Mechanism to Determine User Behavior

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: BioCatch, FinovateFall 2014

This post is part of our live coverage of FinovateFall 2014.

BioCatch showed off its behavioral biometrics technology:

“BioCatch is a cognitive behavioral biometrics technology that tracks how users interact with web and mobile applications. At the core of the technology lies a unique, patent-pending Invisible Challenges mechanism. This mechanism is responsible for the interaction of the user with the application.

Whenever a user interacts with an application, a subtle dynamic cognitive challenge is injected, and the user responds without being aware to the fact it was there.”

Presenting: Uri Rivner, Co-Founder & VP, Business Development & Cyber Strategy

Product Launch: April 2013

Metrics: $10M raised, 25 employees

Product distribution strategy: Direct to Business (B2B), through partners

HQ: Lod, Israel

Founded: April 2011

Website: biocatch.com

Twitter: @biocatch1

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Data Enrichment Innovator CrowdFlower Collects, Labels, and Cleans Data from an On-Demand Workforce

By David Penn Posted on September 24, 2014
Categories: CrowdFlower, FinovateFall 2014

This post is part of our live coverage of FinovateFall 2014.

Our next presenter is CrowdFlower, demoing its data enrichment platform for data scientists.

Financial statements are notoriously difficult to decipher. CrowdFlower puts an end to messy and incomplete financial services data that contributes to a poor customer experience. We are demonstrating how CrowdFlower can quickly and easily collect, clean, and label financial transaction data, from an online, on-demand workforce of over 5M contributors to help businesses provide a superior customer experience.

Presenting: Tatiana Josephy (VP Product) & Seth Teicher (Head of Content & Business Development)

Product Launch: 2009

Metrics: 80+ employees, 5M contributors, 1.5B judgments completed, 7 years of work is completed in one day on the platform.

Product distribution strategy: Direct to Business (B2B), licensed

HQ: San Francisco, CA

Founded: 2009

Website: crowdflower.com

Twitter: @CrowdFlower

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Vantiv’s Platform Gives Developers a Single, Simplified Integration

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: FinovateFall 2014, Vantiv

This post is part of our live coverage of FinovateFall 2014.

Vantiv launched TriPOS, a payment integration platform:

“Introducing the next generation of simple and secure payment integration platform solutions. The PA-DSS validated application provides software developers with a single, simplified integration.

Compatible with a wide range of hardware devices, connects to all authorization providers, supports a comprehensive suite of transaction protocols (including EMV), and removes the business software application from PCI scope.”

Presenting: Coy Christensen, VP Product Management and Jesse Kunicki, Development Manager

Product Launch: 2014

Metrics: Public Company as of March 2012 (NYSE:VNTV), 3,300 Employees, 2013

Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms

HQ: Cincinnati, OH

Founded: 40 Years of Payment Processing Innovation; became a Public Company in March 2012

Performance: $1.17B Net Revenue and third largest merchant transaction acquirer in the USA

Website: vantiv.com

Twitter: @Vantiv

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Sender and Privatbank Launch Sender.mobi to Bring Direct Chat Messaging to FIs

By David Penn Posted on September 24, 2014
Categories: FinovateFall 2014, PrivatBank, Sender with PrivatBank

This post is part of our live coverage of FinovateFall 2014.

Our next presenters are Sender and Privatbank who have teamed up to launch Sender.mobi.

“People communicate with each other via chats with similar interfaces. Businesses communicate with people via Apps with various unique interfaces and UX.

Sender:

Creates 2-way communication between businesses and customers like in usual chat environments

Enables a friendly and familiar interface for customers

Provides the possibility for businesses to create business processes without developers or endless software/Apps updating, reducing App development work by 80%

Sender is like Google’s Search Bar with endless possibilities. It is the first messenger for businesses enabling direct chat communication with customers. Instead of tons of applications, use Sender – the last and only App.”

Presenting: Egor Avetisov (Creative Director), Maria Gurina (Deputy Head of E-Commerce), and Kristina Chaykovskaya (Head of E-Commerce)

Product Launch: September 2014 at FinovateFall

Metrics: $1M in angel investments, 5 employees

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms

HQ: Wilmington, DE

Founded: November 2013

Website: sender.mobi

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Kabbage Launched Karrot, a Consumer Marketplace Lending Product

By Julie Muhn (@julieschicktanz) Posted on September 24, 2014
Categories: FinovateFall 2014, Kabbage

This post is part of our live coverage of FinovateFall 2014.

Kabbage launched Karrot.com:

“Kabbage is launching the only fully automated consumer marketplace lending product in the industry to complement its leading position in SMB lending.”

Presenting: Rob Frohwein, CEO & Co-Founder and Kathryn Petralia, COO & Co-Founder

Product Launch: September 2014

Metrics: $106M in equity

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), technology licensing and services

HQ: Atlanta, GA

Founded: February 2009

Website: kabbage.com

Twitter: @kabbageinc

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BlueVine Helps Companies with Lumpy Cash Flow

By Julie Muhn (@julieschicktanz) Posted on September 23, 2014
Categories: BlueVine, FinovateFall 2014

This post is part of our live coverage of FinovateFall 2014.

BlueVine showed how it can provide funds for small businesses quickly to solve cash flow issues:

“BlueVine gives small businesses an advance on their invoices that they can use to cover expenses or grow their business. We integrate with the most popular cloud accounting software so SMBs can request funds with a click of a button. There is no cost to sign up, no minimum volume requirements, and no termination fees. We offer businesses both discretion over their customer relationships, and control over their financing needs.

BlueVine works with B2B companies with invoice terms of 15 to 90 days and funds invoices with a face value of $500 or more. Customer credit lines typically start between $5,000 and $15,000 and can go up $50,000. Funds can be available as fast as 24 hours, and sooner for returning customers.”

Presenting: Eyal Lifshitz, CEO and Edward Castaño, VP Operations

Product Launch: March 2014

Metrics: $5.5M raised, 15 employees

Product distribution strategy: Direct to Business (B2B)

HQ: Palo Alto, CA

Founded: July 2013

Website: bluevine.com

Twitter: @BlueVineCapital

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Finovera’s Bill Management Platform Serves as a Financial Hub for Customers

By Julie Muhn (@julieschicktanz) Posted on September 23, 2014
Categories: FinovateFall 2014, Finovera

This post is part of our live coverage of FinovateFall 2014.

Finovera shows off how its platform can serve as a financial hub for customers:

“Imagine Bill Management the way you have always dreamed it could be: simple, attractive, convenient, and mobile. Imagine all your bills automatically delivered to you every month in a neatly organized Inbox on your bank site so you can pay them with the click of a button effortlessly from your checking account or on the biller site with a credit card.

Now if you are a banker, imagine being able to transform your bank site into a customer’s Financial Hub that lowers attrition, increases revenue, and reduces cost.”

Presenting: Purna Pareek, CEO and Amanda Zepeda, Marketing Manager

Product Launch: September 2014

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed

HQ: Milpitas, CA

Founded: April 2012

Website: finovera.com

Twitter: @finovera

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