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FinovateAsia 2013 Presenting Companies Revealed!

By Eric Mattson Posted on September 3, 2013
Categories: Uncategorized

With only 71 days to go until FinovateAsia 2013 in Singapore, we are incredibly excited to be announcing the cutting-edge companies that will be debuting their latest innovations in financial and banking technology.

Like the inaugural event last year, this year’s FinovateAsia will showcase over 30 innovations leveraging everything from big data to biometrics, gamification to visual analytics and much more!

The selection process was filled with hard decisions for us this year and only reinforced our belief that Asia is going to be an increasingly major force in fintech innovation in the years to come.

Without further ado, here are the innovative companies that will be demoing their newest technologies in November:

Advanced Merchant Payments
ArthaYantra
Backbase
BehavioSec
BellaDati
BlueKite
Bridgei2i
CustomerXPs Software
GMC
i-exceed
IND Group

Intuition Intelligence
KlickEx
Kofax
Luminous
Mambu
Matchi
Mistral Mobile
Mobexo
Mobino
Pangea
Red Zebra

SaaS Markets
Serverside
SinoLending
Smart Engine
TIBCO
Tootpay
TradeNet
TSYS
White Label Personal Clouds
Yodlee
Plus more still to be announced!

If you’re interested in attending the event to watch the future of Asian fintech unfold live on stage, tickets are now on sale at the discounted early-bird ticket price through Friday, October 4th.

We’ll see you in Singapore in November!

P.S. If you can’t wait until then to learn about the latest in financial technology there are less than 10 tickets left for FinovateFall (next week in NYC).

FinovateAsia 2013 is sponsored by: The Bancorp, Citi Ventures, Financial Technology Partners, Life.SREDA, Standard Chartered Bank, and Visa

FinovateAsia 2013 is partners with: Aite, The Asian Banker, BankersHub, BeSuccess, Celent, The Emerging Finance, Finance on Windows, FSClub, SME Finance Forum, and Timetric

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Lenders: Making a Good First Impression

By Jim Bruene Posted on September 3, 2013
Categories: Loans & Credit, Website Usability & Design

I know banks have been stung by various public floggings over the past five years. But sometimes they are too shy for their own good.

During normal times, a big chunk of retail profits come from lending. Yet, many bank websites make loans (other than mortgage and credit cards) look like a minor product line. Kind of like the AA batteries for sale at the Best Buy counter.

US Bank’s newly remodeled website is typical (note 1). Yes, you can find loans across the top navigation (good). But the bank makes users select from a dropdown list to find exactly what they are looking for. It’s not a bad approach, but it’s fairly passive (see first screenshot below).

Compare that to UK’s Hitachi Personal Finance (second screenshot). The lender uses its homepage to explain its core benefits (low rates and quick turnaround) and lay out the various loan types (personal, auto, furniture, leisure, trade, environmental).

Bottom line: In the United States, we have probably reached “peak checking account fee income.” And you can’t bank on deposit values going back to 5% any time soon. Let’s face it, loans are where the money is for the foreseeable future (note 2). So its time to stop being a loan introvert and sing their praises from your online and mobile outposts.

—————————————–

US Bank requires users to select a specific loan type before drilling down for more details (3 Sep 2013)

Hitachi Personal Finance (UK) (link)

Hovering over one of the loan types brings up a short description

——————————–

Notes:
Image credit
1. I’m sorry I’m picking on US Bank, it just happened to be the first URL I typed in.
2. Also, insurance sales have a very robust future, though that a topic for another day (see our full report here, Dec 2011, subscription)

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Finovate Alumni News– September 3, 2013

By Julie Muhn (@julieschicktanz) Posted on September 3, 2013
Categories: BellaDati, Emida, MasterCard, Nutmeg, TSYS

Emida establishes permanent presence in Dubai.

BellaDati featured in press from Japan.

Nutmeg mentioned on BBC Radio.

MasterCard partners with Blue Label Telecoms to equip South African merchants with POS devices that accept chip and PIN, contactless cards. See MasterCard demo at FinovateFall in New York next week.

PYMNTS.com talks Big Data with Rob Hudson and Richard Hamilton of TSYS.

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.

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Lendio Raises More Than $4 Million in Series B Round

By David Penn Posted on August 30, 2013
Categories: Lendio

While most of us have spent the past week dreaming of Labor Day destinations, small business lending platform Lendio was busy raising capital. And lots of it.

The company announced late this week that it had secured $4.2 million as part of a Series B funding round. The round was led by Runa Capital, and also included the participation of current investors Tribeca Venture Partners and Highway 12 Ventures.

As reported in a TechCrunch profile of the company published this week, Lendio plans to use the new funding to help the hundreds of thousands of entrepreneurs and business owners that have come through the platform to get access to the capital they need to grow their enterprises.

Lendio was founded in 2005, and is headquartered in Salt Lake City, Utah. The company’s platform connects small businesses in search of capital with lenders looking for creditworthy borrowers and good returns. The company cites a successful match rate of 85% for the companies that complete a Lendio profile.

Lendio earned $6 million in Series A funding in February 2011, and $2 million in debt funding later that year. We last reported on Lendio a month ago, as the company partnered with ProfitStars (another Finovate alum) to provide small businesses with ProfitStars’ BusinessManger and access to LendingNetwork. See our story on the new deal here.

The company presented its lending platform at FinovateFall 2011 in San Francisco. Watch Lendio’s demo here.

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Finovate Alumni News– August 30, 2013

By David Penn Posted on August 30, 2013
Categories: Jack Henry, Versafe

Jack Henry Banking takes a look at the trend toward outsourcing by mid-tier banks.

Versafe warns about new cross-device, mobile malware challenges to multi-factor authentication strategies. Meet Versafe at FinovateFall 2013 in New York City in September.

Intuit launches QuickBooks Cloud ProAdvisor Program, providing free access to Intuit’s online products.

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.

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FinovateFall 2013 Sneak Peek: Part 6

By Julie Muhn (@julieschicktanz) Posted on August 29, 2013
Categories: Apprenda, Biometric Signature ID, FinovateFall 2013, Innovation Agency, Lighter Capital, Mitek, Numbrs, PayWith, Zooz

This is our final Sneak Peek of the companies who will debut their new technology on stage in New York on September 10 & 11 at FinovateFall.

You can learn more about our upcoming event here.

In case you missed them, here are the previous posts in our Sneak Peek series:

FinovateFall 2013 Sneak Peek #5

FinovateFall 2013 Sneak Peek #4

FinovateFall 2013 Sneak Peek #3

FinovateFall 2013 Sneak Peek #2

FinovateFall 2013 Sneak Peek #1

Today we’ll introduce you to the final set of companies: Apprenda, Biometric Signature ID, Innovation Agency, Lighter Capital, Mitek, Numbrs, PayWith, and Zooz.

Want to be a part of the audience? Get your tickets to FinovateFall 2013 here. They’re selling fast, so get yours before it’s too late.

Apprenda is the leading Enterprise Platform as a Service (PaaS) product powering the next generation of software-defined enterprises.

Features:

Policy Driven Application Deployment
Seamless Hybrid Cloud Capabilities
Inheritable Cloud Application Architectures

Why it’s great: Apprenda is a software layer that enables any organization to transform their existing infrastructure into a self-service cloud application platform.

Sinclair Schuller, CEO & Co-Founder at Apprenda

Meet more of the team here.

Biometric Signature ID (BioSig-ID) is a software-only biometric that positively identifies users online: cloud-based with NO hardware required.

Features:

Using gesture biometrics, we can identify users at log in from any device and stop impostors – no hardware needed.

Why it’s great: BioSig-ID verifies the “real” user and allows secure online transactions and prevents identity fraud.

Jeff Maynard is the CEO and an expert in the field of dynamic biometrics receiving two patents for his inventions.

Meet more of the team here.

Innovation Agency’s Innovation Cafe is an innovation management platform that uses a social-based approach for driving collaborative and measurable innovation within the enterprise.

Features:

Recommendation Engine: encourages user participation
Real-time Social Graph: helps innovators to view their networks
Digital Personas

Why it’s great: Specifically designed for financial services providers, the platform uses crowdsourcing to engage innovation communities.

Jay van Zyl (PhD), Founder

Jay is an entrepreneur, innovator and educator who lives his passion for finding new ways of driving innovation & change.

Rory Moore (MBA), CEO

Rory is an innovation pioneer and has successfully implemented many innovation initiatives in leading banks.

Meet more of the team here.

Lighter Capital provides growth capital to technology companies in a highly-automated manner: Capital-as-a-Service

Features:

Predict a borrower’s future performance using CRM data
Monitor for loan defaults using banking, accounting & CRM data
Lower lending costs

Why it’s great: By crunching key CRM data, lenders can improve underwriting and borrower monitoring, predicting instability before it shows up in financial statements.

BJ Lackland joined Lighter Capital as CEO in 2012. He has been a venture capitalist, the CFO of a public technology company, and a startup consultant.

Rob Belcher leads the investment and finance efforts at Lighter Capital and has 12 years experience in investment banking, VC and consulting.

Meet more of the team here.

Mitek, the founders of Mobile Deposit, developed a complete suite of mobile imaging solutions. This new mobile solution enhances the account opening process.

Features:

Engage and retain mobile first consumers
Speed up account opening process here, there, almost anywhere
Reduce inaccurate data entry

Why it’s great: Increase acquisition rates and lifetime value of customers with this exciting new solution. See the demo at FinovateFall 2013.

James B. DeBello, CEO & President

Meet more of the team here.

Numbrs is Online Banking of the Future.

Features:

Future Timeline
Transfer Money
Adnumbrs

Why it’s great: Numbrs empowers you to own your financial life on-the-go.

Julien Arnold, CEO

Johannes Hübner, CTO

PayWith: What is possible when you connect the scalability and security of the MasterCard Network with innovations in Mobile Payments/Loyalty/Rewards/and Virtual Currencies?

Features:

Merchants can use their existing credit card processing terminals to securely transact mobile payments and run rewards. Pay/Reward/Gift/Security

Why it’s great: Merchants can use their existing credit card processing terminal to transact completely secure mobile payments and run targeted marketing.

David Strebinger, CEO

Strebinger was previously the founder of Caring Capital and Wantsa Media. Emphasis on Payments/Mobile/Social/Monetization/Advertising.

Donald Kirkwood, COO

Kirkwood previously founded Axon in the UK. Axon grew to be the largest SAP consulting firm in the world and sold for $650M in 2008.

Meet more of the team here.

Zooz is a global payment platform that enables e-commerce and m-commerce merchants to optimize their checkout across all channels.

Features:

Consumer-centric checkout for multiple platforms
Global payment solution with cross-border capabilities
Partnership with First Data

Why it’s great: Payments are for people; We’re here to give payments the human touch. Happy and reassured users are more likely to make it to the “Thank You” page!

Oren Levy, CEO & Co-Founder

Ronen Morecki, CTO & Co-Founder

FinovateFall 2013 is just around the corner. If you have questions about the event, visit the information page, check out the FAQ, or email fall@finovate.com.

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Finovate Alumni News– August 29, 2013

By Julie Muhn (@julieschicktanz) Posted on August 29, 2013
Categories: Dynamics, Lendio, MasterCard, MiiCard, SumUp

TechCrunch reports: Lendio using new funding to help SMBs secure loans & avoid bad credit.

Payments Source considers how SumUp is competing in a Square world.

Cards International reports: Dynamics unveils U.S.A credit card with stars and stripes magnetic strip. Come to FinovateFall in NYC to see Dynamics showcase its new innovation.

MasterCard, C-SAM, DNP team up to bring white-label NFC mobile wallet service to Japan. See MasterCard demo at Finovate Fall in September.

OxGadgets reviews miiCard as a solution for online identity authentication. Join miiCard in New York for FinovateFall.

Mashreq Bank launches EMV chip and PIN-compliant mobile POS service via partnership with Swiff and MasterCard.

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.

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Less than 98 Tickets Remain for FinovateFall — Get yours before it’s too late!

By Eric Mattson Posted on August 28, 2013
Categories: Uncategorized

With a mere 12 days until our flagship FinovateFall conference in Manhattan on September 10 & 11, we’re closing in on a sellout with less than 100 tickets remaining.

If you were planning on joining over 1,000 financial executives, venture capitalists, press, industry analysts and entrepreneurs to watch the future of financial technology debut live from our 70+ cutting-edge presenters, please get your ticket ASAP before they run out!

The auditorium is going to be packed with innovative minds from an amazing array of organizations from around the globe.

Here is a tiny sample of the companies you’ll get a chance to connect with if you snag one of the few remaining tickets:

American Bankers Association
Accenture
Aite Group
American Banker
American Express
Ameriprise Financial
ANZ
Bain Capital Ventures
Banco De Oro
Bank of America
Bank of the West
Barclays
Benchmark Capital
BlackRock
Bloomberg
BMO Capital Markets
BRE Bank
Capital One
Celent
Celtic Bank
Chase
CIBC
Citibank
CNNMoney.com
DailyWorth
Deluxe Corp.
Devonshire Investors
Discover
Equitable Bank
Fidelity
Fifth Third Bank
Filene
Financial Times
First Bank

FIS
Fiserv
Flushing Bank
Forbes
Forrester
Frost Bank
FTV Capital
Fujitsu
GE Capital
General Atlantic
Google
GRP Partners
H&R Block Canada
IDC Financial Insights
Inter-Atlantic Group
Intesa Sanpaulo
Intuit
Itau Unibanco
Javelin Research
Life.SREDA
M&T Bank
Mastercard
mBank
McKinsey & Co.
Menlo Ventures
Mergermarket
Microsoft
Mohr Davidow Ventures
Moody’s Analytics
Morgan Stanley
Morningstar
Nationwide Bank
New York Life
Nordea
Novantas

Ovum
Pando Daily
Pitney Bowes
PNC Financial
Primerica
PSCU
QED Investors
RBC
Rockland Trust
RRE Ventures
SAP
Sberbank Russia
Scotiabank
Scottrade
SVB
T. Rowe Price
TD Bank
The Hartford
Thomson Reuters
TIAA-CREF
TTV Capital
Transunion
Travelex
US Bank
UBS
Umpqua
USAA
Visa
Warburg Pincus
Wells Fargo
World Bank
Yahoo!
Yankee Group
Yodlee
Zions Group

If you’re interested in witnessing the future of fintech debut via our fast-paced, demo-only format, please get your ticket today to guarantee your ability to attend!

We’ll see you in New York in September (or Singapore in November)!

FinovateFall 2013 is sponsored by: The Bancorp, Financial Technology Partners, Hudson Cook LLP, Life.SREDA, Visa & Xignite

FinovateFall 2013 is partners with: Aite, American Bankers Association, BankersHub, California Bankers Association, The Canadian Government, Celent, Filene Research Institute, Finance on Windows, Hotwire PR, IvyExec, Loyalty360, NYPAY, & SME Finance Forum.

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Less than 98 Tickets Remain for FinovateFall — Get yours before it’s too late!

By Eric Mattson Posted on August 28, 2013
Categories: Uncategorized

With a mere 12 days until our flagship FinovateFall conference in Manhattan on September 10 & 11, we’re closing in on a sellout with less than 100 tickets remaining.

The auditorium is going to be packed with innovative minds from an amazing array of organizations from around the globe.

Here is a tiny sample of the companies you’ll get a chance to connect with if you snag one of the few remaining tickets:

American Bankers Association
Accenture
Aite Group
American Banker
American Express
Ameriprise Financial
ANZ
Bain Capital Ventures
Banco De Oro
Bank of America
Bank of the West
Barclays
Benchmark Capital
BlackRock
Bloomberg
BMO Capital Markets
BRE Bank
Capital One
Celent
Celtic Bank
Chase
CIBC
Citibank
CNNMoney.com
DailyWorth
Deluxe Corp.
Devonshire Investors
Discover
Equitable Bank
Fidelity
Fifth Third Bank
Filene
Financial Times
First Bank

FIS
Fiserv
Flushing Bank
Forbes
Forrester
Frost Bank
FTV Capital
Fujitsu
GE Capital
General Atlantic
Google
GRP Partners
H&R Block Canada
IDC Financial Insights
Inter-Atlantic Group
Intesa Sanpaulo
Intuit
Itau Unibanco
Javelin Research
Life.SREDA
M&T Bank
Mastercard
mBank
McKinsey & Co.
Menlo Ventures
Mergermarket
Microsoft
Mohr Davidow Ventures
Moody’s Analytics
Morgan Stanley
Morningstar
Nationwide Bank
New York Life
Nordea
Novantas

Ovum
Pando Daily
Pitney Bowes
PNC Financial
Primerica
PSCU
QED Investors
RBC
Rockland Trust
RRE Ventures
SAP
Sberbank Russia
Scotiabank
Scottrade
SVB
T. Rowe Price
TD Bank
The Hartford
Thomson Reuters
TIAA-CREF
TTV Capital
Transunion
Travelex
US Bank
UBS
Umpqua
USAA
Visa
Warburg Pincus
Wells Fargo
World Bank
Yahoo!
Yankee Group
Yodlee
Zions Group

If you’re interested in witnessing the future of fintech debut via our fast-paced, demo-only format, please get your ticket today to guarantee your ability to attend!

We’ll see you in New York in September (or Singapore in November)!

FinovateFall 2013 is sponsored by: The Bancorp, Financial Technology Partners, Hudson Cook LLP, Life.SREDA, Visa & Xignite

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Finovate Alumni News– August 28, 2013

By David Penn Posted on August 28, 2013
Categories: Kalixa, PreCash, Yodlee

American Banker takes a look at NEXT, Yodlee’s incubation, acceleration, and cultivation program for fintech startups.

PreCash launches Evolve Money for paying bills online or on the go.

Invapay to deploy Kalixa’s Accept acquiring and payment gateway services.

Swipely launches new feature that allows users to review sales for any time period.

Financeit iOS app now available in beta.

Fiserv releases tablet banking app.

MoneyDesktop welcomes new VP to management team.

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.

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FinovateFall 2013 Sneak Peek: Part 5

By David Penn Posted on August 27, 2013
Categories: Capital Access Network, FinovateFall 2013, Fiserv, FutureAdvisor, Instabank, MiiCard

We hope you’re enjoying our Sneak Peek at the presenters of FinovateFall 2013.

You can learn more about our upcoming event here. And if you’ve missed an installment of our series, here’s a handy index to this year’s innovators.

FinovateFall 2013 Sneak Peek #4

FinovateFall 2013 Sneak Peek #3

FinovateFall 2013 Sneak Peek #2

FinovateFall 2013 Sneak Peek #1

Today we’ll introduce you to our fifth set of companies that will be demoing on the Finovate stage in September: Capital Access Network, FutureAdvisor, Instabank, miiCard, Narrative Science, P2P Cash, and StrategyCorps.

So why not join us in New York for the show? Get your tickets to FinovateFall 2013 in New York here.

Capital Access Network’s Mobile Funder is a tablet-based tool enabling finance reps to seurely pre-qualify small businesses for capital and submit a full application in a single visit.

Features:

Capital delivered in days, not weeks
Empowers reps with direct access to qualification tools
Pre-qualifies prospects for two products with one application

Why it’s great: This all-in-one tool gives small business finance reps the power to expedite decisions, close more deals, and deliver capital faster.

Dan DeMeo, CEO, Capital Access Network

Mr. DeMeo joined in 2010 with an extensive financial services background (Citibank, GE Capital, JP Morgan) and a history of growing businesses profitably.

Meet the Capital Access Network team here.

FutureAdvisor’s FutureAdvisor Premium automatically manages your current investments.

Features:

Manage investment holdings from multiple institutionsFeatures:
Rebalance your portfolio automatically
Recognize and invest new cash immediately

Why it’s great: Guide your investment portfolio – automatically

Meet the FutureAdvisor team here.

Instabank set out to create the most beautiful, efficient, and social mobile bank.

Features:

Transfer/request money to/from Facebook friends
Add photos, comments, Foursquare venues to purchases
Rich activity stream and PFM

Why it’s great: Instabank aims to unlock viral customer acquisition via Facebook and become the Dropbox of retail banking.

miiCard (my Internet Identity) is the first global Identity-as-a-Service (IDaaS) platform providing trusted and traceable customer identities purely online in the digital economy.

Features:

Eliminate up to 80% fraud
Reduce new customer dropout by 50%
Dramatically reduce operational costs

Why it’s great: Enabling purely online sales of regulated and high value products in banking, virtual currencies, payments, wealth management, lending and more.

James Varga, Founder, CEO, miiCard

Mr. Varga has more than a 20-year career in technology and innovation.

Magnus Bray, Sales Manager, miiCard

Mr. Bray has experience in bringing new innovations to global financial institutions.

Meet Team miiCard here.

Narrative Science provides financial institutions with a fast, cost-effective way to analyze data and automatically generate natural language communications that answer important questions and provide timely insight.

Features:

Infinitely scalable content generation
On-demand communications tailored to any audience
Consistent narratives structured to meet guidelines

Why it’s great: Quill Financial automatically transforms portfolio and market data into human-quality communications and reports for financial institutions.

Meet the Narrative Science leadership team here.

P2P Cash developed an industry-standard, scalable mobile financial services solution that provides secure, compliant and transparent mobile banking to the world’s 3 billion unbanked mobile phone users.

Features:

Send cash home free
Mobile international remittance
Only SMS required for recipient

Why it’s great: Send cash home free #InternationalRemittance

Thomas Meredith, Chairman and CEO, P2P Cash

Mr Meredith has Internet, financial services, and telecommunications experience. Stanford engineer. Harvard MBA.

Donald Chapman, VP, Business Development, P2P Cash

Mr. Chapman has Consulting, IT, Sales & Marketing experience. Providence College. Babson MBA.

Meet the P2P Cash team here.

StrategyCorps’ BaZing solution makes mobile and online banking so appealing and relevant to customers’ lifestyles they’ll gladly pay a fee for them.

Features:

300,000+ deals at your fingertips
Local merchant offers around every branch
Connect like no banking product can

Why it’s great: Customers don’t like fees for basic banking products. BaZing changes that by making banking products worth paying for.

Stay tuned for more from our FinovateFall 2013 presenters in edition #6 of our Sneak Peek series, coming Thursday.

FinovateFall 2013 is only a few weeks away. To learn more about FinovateFall – and to register and get your tickets today – visit our FinovateFall 2013 page here.

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PreCash Launches Evolve Money for Paying Bills Online or On the Go

By David Penn Posted on August 27, 2013
Categories: PreCash

No bank account? No card?

No problem.

PreCash unveiled its online and mobile bill pay app, Evolve Money, today. The technology allows consumers to pay bills for free and even make low-cost ($1.50 per transaction) expedited payments without needing a bank account or a credit card.

In a way, Evolve Money acts as its own prepaid card. Says CEO Steve Taylor, “consumers can get a load pack or PIN at thousands of locations and then use their smartphone, tablet, or computer to make payments.” Retail locations include supermarkets such as Safeway and Albertsons, where load packs are available from $3.00 to $3.95 each.

The mobile app is ready to go for Android users, who can download Evolve Money for free from Google Play. Users of other operating systems can access the online service at the company website.

Evolve Money is a feature of PreCash’s PayConnect mobile and online bill pay platform (read our report on PayConnect here). PayConnect enables customers to pay bills at more than 10,000 utility, insurance, and cable service providers, and is available as both an API and a white-label application.

PreCash demoed Flip, a mobile check deposit solution, at FinovateFall 2012 in New York. Video of their presentation is available here.

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