FinovateFall 2012 Demo Videos Now Available

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We’re excited to announce the demo videos from FinovateFall 2012 are now available for your viewing enjoyment. If you missed out on the NYC conference this year, this is your chance to see the newest fintech innovations from the 64 cutting-edge companies that were on stage. 

The videos are part of the Finovate Archives, where you can watch (for free) every demo of new technology since our first conference in the fall of 2007. It’s an inspiring place to hang out online for a couple of hours.

If these videos have made you hungry for more, tickets for FinovateAsia 2012 (November 6th in Singapore) are on sale at the early-bird rate for a few more days. Our inaugural Asia conference is shaping up quite well with over 50 new attendees added to the audience in the last week. They’re coming from leading organizations like ANZ, Hitachi, ING, OCBC, SAP, UBS, and Thomson Reuters. We’ll see you in Singapore in November or NYC again next fall!

FinovateFall 2012 was sponsored by: The Bancorp Inc., Financial Technology Partners, the law firm of Hudson Cook, Inter-Atlantic Group, Mad*Pow & Tier One Partners

FinovateFall 2012 was partners with: American Bankers Association, BankInnovation, BankerStuff, Benzinga, California Bankers Association, Celent, Filene, Finance on Windows & PYMNTS.com

FinovateFall 2012 Demo Videos Now Available

btn3_ov.png

We’re excited to announce the demo videos from FinovateFall 2012 are now available for your viewing enjoyment. If you missed out on the NYC conference this year, this is your chance to see the newest fintech innovations from the 64 cutting-edge companies that were on stage. 

The videos are part of the Finovate Archives, where you can watch (for free) every demo of new technology since our first conference in the fall of 2007. It’s an inspiring place to hang out online for a couple of hours.

If these videos have made you hungry for more, tickets for FinovateAsia 2012 (November 6th in Singapore) are on sale at the early-bird rate for a few more days. Our inaugural Asia conference is shaping up quite well with over 50 new attendees added to the audience in the last week. They’re coming from leading organizations like ANZ, Hitachi, ING, OCBC, SAP, UBS, and Thomson Reuters. We’ll see you in Singapore in November or NYC again next fall!

FinovateFall 2012 was sponsored by: The Bancorp Inc., Financial Technology Partners, the law firm of Hudson Cook, Inter-Atlantic Group, Mad*Pow & Tier One Partners

FinovateFall 2012 was partners with: American Bankers Association, BankInnovation, BankerStuff, Benzinga, California Bankers Association, Celent, Filene, Finance on Windows & PYMNTS.com

New Online Banking Report Published: The Best of FinovateFall 2012

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We wrapped up FinovateFall in New York City about a week ago. Over the course of two days, 64 companies gave 7-minute demos to an audience of around 1,100. We’ve summarized the information and presented it in our latest Finovate Report, Fall Edition.

Introducing:

The Best New Products at FinovateFall 2012

This post-show wrapup is designed to help those that weren’t there get a better understanding of the major themes. And for those who were in attendance, it’s a box score to compare with your own notes and impressions.

In the report, we looked at three big trends that emerged at FinovateFall:

    • Small businesses get the same financial tools as bigger businesses
    • Security moves past the PIN 
    • Beyond plastic, the mobile wallet is here

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And we profiled each of the seven companies voted Best of Show by the attendees at the event (note 1):

__________________________________________________________________

About the report
__________________________________________________________________

The Best New Products at FinovateFall (link)
Includes a look at all eight Best of Show winners

Author: Julie Schicktanz, Finovate Group Research Analyst
Editor: Jim Bruene, Finovate Group Founder

Published: 28 September 2012

Length: 59 pages, 12,000 words

Cost: No extra charge to OBR subscribers, US$195 for others

The printed version will be mailed to subscribers next week

_________________________________________________________________

Note:
1. See Best of Show methodology here.

FinovateFall 2012 Live Twitter Transcript

Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for TwitterBird.jpgHere is the live Twitter transcript from @Finovate during FinovateFall last week:

Entries appear in chronological order.

Day 1, Session 1
  • Truaxis, leads off Finovate Fall 2012; the startup was acquired by MasterCard last week; demoing its new profitability analytics module
  • Truaxis demoing how statement rewards can improve ROI.
  • Precash precash launching Flip, mobile check deposit for the underbanked
  • Precash is launching a “Practical mobile wallet for the underbanked” 
  • ckmack launching first investing platform for individuals to invest in rental real estate 
  • CK Mack using peer-to-peer investing model applied to rental income 
  • Segmint launching “One Button” system to create and deliver targeted online cross-sell campaigns in under a minute
  • Shopkeep launching POS solution so merchants can run a store from an ipad
  • Shopkeep walking through iPad interface, design receipt, coupon, reporting, export to QuickBooks
  • Shopkeep announcing integration with PayPal, Dwolla and LevelUp 
  • BCSG launching its Small Business Hub in USA 
  • BCSG showing the accounting, marketing, management tools in suite
  • BCSG sm biz tools can deepen relationships and increase fee income; Barclays converts 40% of sm biz to the hub; 150,000 using 
  • Ideon launching Choice Savings & Investments a direct to consumer savings “bank” 
  • Ideon showing how customers can build custom savings plan with CDs, indexed products, etc. 
  • Ideon Choice going direct, but also is offering white label version 
  • LearnVest launching investment module with fee-based financial planning
  • Learnvest demoing it’s financial plan creation and easy-to-digest report
  • Learnvest CFPs can “co browse” with users to look at plan; also launched all features on mobile
  • Internet Biometric Security Systems launches Genesis Enterprise 4-factor facial/voice recognition
  • IBSS showing login with facial recognition then voice recognition; also showing virtual attendent video chat with cust service
Day 1, Session 2
  • Waspit launches “social banking for students” 
  • Waspit’s “banking 2.0” has data, deals, gamification, and sharing via Facebook, Twitter, Foursquare, and Yelp 
  • Playmoolah launching youth platform for savings, spending, investing, & giving
  • Playmoolah engages entire family around money & banking, “financial training wheels for students” using real money 
  • Billhighway launches mobile fundraising app with Square-like processing
  • Billhighway demoing a donation via iPad, using volunteer from American Express; app is customized for non-profit; has leaderboard 
  • IgniteSales launching tool for FIs to cross sell, “Bank Product Concierge” and “Analytics Dashboards”
  • Ignite Sales showing the needs assessment process, resulting personalized offer
  • Finovera debuts Bill Management, personal bookkeeper to manage all bills and docs with single login; 
  • Finovera showing statement aggregation UI; w/ suite of reminders triggered by user-defined metrics, eg. cable bill 50% higher
  • CartaWorldwide launching a turnkey NFC payments solution
  • Carta mobile app allows consumer to turn account on and off for security reasons; demoing companion web-based UI
  • Handpoint launching first hybrid dongle solution combining EMV/chip and magstripe
  • Handpoint demoing mobile transaction from terminal to smartphone w/ point-to-point encryption; will white label
  • Handpoint introduces a simple & secure EMV mobile point-of-sale solution 
  • Mastercard and Linkable Networks teaming up for card-linked offers
  • Linkable Networks delivering first-ever SKU-level offers (eg 6-pack of Coke); UI can login via FB
  • Linkable demoing offer signup via QR code scan from printed advertisement
  • The Currency Cloud launches Connect API for foreign exchange transactions
  • Currency Cloud is used by two finovate alums: Fidor Bank to power ewallet and TransferWise; offering rates up to 90% less 
Day 1, Session 3
  • Compass Plus launching tranzaxis open development banking platform
  • Compass Plus demoing use case of its dev platform: instant issue of a prepaid card from a kiosk on stage
  • Dashlane launches mobile shopping solution with instant checkout and login solution
  • Dashlane demoing instant checkout via iPad, auto-completes and logs in to any ecommerce site w/ no merchant integration
  • Purchases made via mobile auto-sync to consumer’s Dashlane online dashboard
  • Personal Capital
    launches
    professionally managed 401(k)
  • SecureKey launching Fraud Reduction Solution platform for mobile device authentication
  • SecureKey working with MasterCard and will be embedded into 200 million Intel devices next year 
  • Moneydesktop launching smartphone PFM solution; showing ipad vs iphone side by side w same UI
  • MoneyDesktop showing “bubble budgets” that can be moved about via swipe, unique UI
  • Blackhawk Network launching “gowallet” to manage all prepaid cards
  • Blackhawk Network demoing giftcard aggregation UI; includes merchant offers which can be shared via Facebook
  • Blackhawk Network’s GoWallet mobile allows saving to Apple’s new passbook app; also cards can be shared and gifted 
  • Experian “Prequalification Tool” taps consumer credit data to teach consumers how they stand credit wise
  • Experian demoing tool with customer optin for prequal, making it a “soft pull”; tool keeps credit impact transparent to user 
  • With Experian prequal, user has opted in to continued credit sharing, so FI can market to them later; showing loan app integration
Day 1, Session 4

  • Yodlee unveils Small Business Center Platform, suite of management tools for business owners
  • Yodlee powers aggregation at 3 of the demos earlier today (Learnvest, Personal Capital, MoneyDesktop) 
  • On iPad, Yodlee showing cash flow tools, invoice app, and expense mgmt app with image capture or uploads of receipts
  • Actiance launching Salesforce integration for its “social engagement” platform
  • Actiance demoing how content can be posted across FB, Linkedin, Twitter, etc., while ensuring compliance 
  • Akamai counts 8 of top 10 banks as clients, launching Kona Site Defender, a cloud-based security
  • Akamai showing an actual attack on dummy bank sites, one protected and one not 
  • Akamai Kona automatically filters out bad site requests, from the cloud, before they take site down (which happens in demo) 
  • Virtual Piggy launching its kid-safe online payments platform
  • Virtual Piggy showing “family wallet” that parents’ control for online spending, can choose which merchants allowed 
  • Virtual Piggy showing child’s dashboard, have various skins for diff ages; has “available to spend” button; 50 merchants live 
  • Dynamics launching today its “Chip and Choice” card; includes magstripe, EMV, and contactless 
  • Dynamics new card called “triple interface” 
  • Deluxe launching SwitchAgent automation tools to help consumers change financial institutions 
  • Deluxe showing how SwitchAgent logs in to old bank & automatically transfers billpay payees to the new bank; SunTrust is using 
  • Mshift launching new payment network, “AnyWhereMobile” to compete with Visa/MC
  • AnyWhereMobile from MShift relies on existing mobile tech & ACH transfers; demoing mobile purchase 
Day 2, Session 1

  • IDology launching authentication system that replaces shared secrets w/out of wallet questions
  • Idology demoing mobile challenge questions created from recent banking data + public info
  • IND Group launches financial planning tool, “Story of My Finances” to make saving/investing more pertinent
  • IND Group tool allows users to choose from standard scenarios eg “Buy a car” or build custom stories; demoing “spend less”
  • ImpulseSave launching system to make it easier to “save” via mobile app
  • ImpulseSave has web-based dashboard to establish goals and track progress; includes social sharing, used by 40% of users
  • Locaid launches Geofence, a geolocation API for mobile banking and payments
  • Locaid demoing web-based “Instant Locate” where issuer can see where cardholder is at all times via geolocation
  • Launching today, Locaid also can now help reduce false positives via IP address
  • Ohpen launching cloudbanking platform for mutual funds & savings accounts
  • Thomson Reuters launching app store; FIs can rapidly create market monitoring and investing apps
  • Thomson Reuters how FI could go into app store and customize an online service; showing results live on stage
  • Cachet Financial launching “CheckReview” to help banks manage remote check deposit risk
  • Cachet Financial showing high-res image of check, extremely clear (even on 30-foot screen); demoing how to set business rules
  • Cachet Financial CheckReview allows real-time monitoring; has tools to communicate with users about problems
  • aSpark launching “Stock Panorama” that “follows” your investments via market data & social media
  • aSpark showing iPad app with Twitter integration, community functions, calendar function; earning call integration
  • Luminous Banking launches BankFiling to manage commercial loan financial statement gathering process
  • Luminous showing how client statement are uploaded; then converted onto a dashboard for banker to review for possible loan issues 

Day 2, Session 2

  • DigitalMailer launching “My Virtual Strongbox” for FI customers to store docs within online/mobile banking 
  • DigitalMailer showing how virtual strongbox can
    be customized by user; has “whoops” button to undo delete; has doc sharing tool
  • DigitalMailer debuting ipad app developed with Malauzai; syncs with website; can be fee income producer; in use by 2 large CUs
  • Credit Sesame, with 1 million accounts after 1 year, launching “Financial Fitness”
  • Stockr launching social investing platform creating stock-based news feeds 
  • Stockr using Facebook-like newsfeed to can follow stocks, news, and people both friends or experts in the field 
  • Stockr site going live at noon today 
  • Credit Sesame showing dashboard with understandable picture of overall credit; how you compare to peers; and action items to save 
  • Credit Sesame launching new “mortgage visualizer” to find best mortgage through unique UI
  • Banno launching Grip, to show your trending bank balance data to forecast what’s about to happen
  • Banno’s Grip mobile app allows users to see what transactions they’ve made at nearby merchants; “help me decide” to make decision
  • Banno’s Grip includes Amazon-like camera integration to take pic of item/barcode to save on wishlist; also includes P2P module
  • Mortgage Harmony launching one-click “mortgage refi” solution 
  • Mortgage Harmony showing how easy it is to reset mortgage rate; includes contact info/details on loan officer & realtor
  • Backbase launching “Launchpad” which merges the “marketing website” with the “secure site” 
  • Backbase showing Launchpad use case for investigating a car loan, populated with secure info including balances 
  • Backbase showing the Portal Manager to manage the marketing variables on the back end; native app has same capabilities
  • PindropSecurity launches Fraud Detection System that protects against phone phishing (via call forwarding) 
  • Pindrop Security demoing how they can tell if a phone has been improperly forwarded to stop fraudulent authentication 
  • Bolstr launching crowdfunding platform focusing on “main street” small biz
  • Bolstr uses “debt based” crowdfunding model where investors get portion of the borrower’s sales until the agreed ROI is hit 
  • Bolstr showing forum for investors to Q&A with business owners; has negotiated flat-fee deals with attorneys to cut legal costs
  • Fiserv launching “speak to pay,” one of many choices it offers for m-payments (voice, tap, swipe, keyboard)  
  • Fiserv demoing speech recognition for complete billpay process on mobile app and the payment was made live! 
Day 2, Session 3

  • CommunityLend launching “FinanceIt” app for instant financing on a purchase at no cost to merchant
  • CommunityLend launching iPad-based system; merchant scans drivers lic to verify, can use camera to take pic of product/invoice
  • CommunityLend enables instant financing, as agent for various FIs; live across Canada now, moving to US in 2013 
  • Emida launching CAT mobile wallet for underbanked who prefer cash
  • Emida showing cash load process at third-party location; then P2P mobile payment
  • Each Emida wallet has stored-value account; can be used to pay bills, send international remittances, use rewards
  • Tuition.io launching system to organize & optimize the user’s outstanding student loans 
  • Tuition.io showing loan aggregation dashboard with pros and cons on programs to help with repayment; shows which to pay off 1st
  • Tuition.io working with 135 schools including the top 25
  • TouMetis launching $mart (Smart) PFM for small biz, works through Yodlee platform 
  • TouMetis showing iPad business dashboard; tagging & annotating expenses; creation of electronic receipt
  • Guardian Analytics launching FraudXCHANGE, cross-institution fraud fighting network 
  • Guardian Analytics FraudXCHANGE has secure community forum where members can share info with each other
  • Guardian Analytics showing how banks can drill down into security alerts, then tell community about the problems
  • PaySimple launching invoicing system for small businesses to get paid faster
  • PaySimple enables invoice recipients to pay online; includes Facebook linkage, review links 
  • Validsoft launching SMART platform for mobile multi-factor authentication using voice, digits/images
  • After login, Validsoft creates secure encrypted tunnel via mobile to bank

Day 2, Session 4
  • eToro launching Social Trading Index for trade sharing/copying
  • Manilla debuting its bill and account organization platform
  • Manilla allows billers to license the space around their bill to control the content; competing ads are not allowed
  • Manilla showing the mobile app; currently 50% of new users registering through mobile 
  • Euronovate launching ENSIGN 10 tablet (hardware & software) to take paper out of branches
  • Euronovate provides full support for implementing & managing electronic signature within a bank; includes triple-DES encryption 
  • Leadfusion launching a cross-channel sales platform
  • Leadfusion demoing mobile-to-branch-to- tablet-to-email-to-phone use case
  • Prepaid Resources launching Direct Deposit management platform (with APIs)
  • Prepaid Resources “BenefitsDirect” system helps establish AND maintain the direct deposit connection; improves retention
  • Payfone launches “1-Touch Checkout” to improve mcommerce results
  • Payfone signup designed to be through the mobile banking app; closing the mcom vs ecom payment gap 
  • PayTap launching billpay sharing app to easily tap parents or roommates to help with payment 
  • PayTap billpay solution now integrated with Amazon; includes PayPal and Dwolla options; has recurring payments

FinovateFall 2012 Best of Show Winners

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Our fifth annual FinovateFall in NYC concluded an hour ago. After seeing 64 demos over two packed days, the audience voted for their three favorites each day. The top eight overall were named Best of Show (see notes).

The winners (in alphabetic order):

  • Credit Sesame for its Financial Fitness Indicator that gives users a comprehensive view of their financial situation
  • Dashlane for its instant login and checkout featureFFBOSWinners2.jpg
  • Dynamics for its Triple Interface card, allowing for tap, swipe, or EMV payments
  • eToro for its social trading index 
  • LearnVest for its certified financial planning capabilities and mobile app
  • MoneyDesktop for its PFM platform and bubble budgets 
  • PayTap for its social bill-payment platform
  • ShopKeep POS for its tablet-based POS

We’ll have videos of all 64 demos posted at Finovate.com as fast as possible (probably two to three weeks out).

Thanks to everyone who presented, attended, tweeted, networked, blogged, tolerated the Internet hiccups and helped push fintech forward. You are the best! 

———-

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.   
2. Attendees were encouraged to note their favorites as the day went on and choose three favorites from just the demos of that day. Ballots were turned in at the end of the last demo session each day. 
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed. Note: Ballots with more than three companies circled will not be counted.” 
4. The eight companies appearing on the highest percentage of submitted ballots were named Best of Show.
5. Go here for a list of previous Best of Show winners.

FinovateFall 2012 Best of Show Winners

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Our fifth annual FinovateFall in NYC concluded a one hour ago. After seeing 64 demos over two packed days, the audience voted for their three favorites each day. The top eight overall were named Best of Show (see notes).

The winners (in alphabetic order):

  • Credit Sesame for its Financial Fitness Indicator that gives users a comprehensive view of their financial situation
  • Dashlane for its instant login and checkout feature
  • Dynamics for its Triple Interface card, allowing for tap, swipe, or EMV paymentsFFBOSWinners2.jpg
  • eToro for its social trading index 
  • LearnVest for its certified financial planning capabilities and mobile app 
  • MoneyDesktop for its PFM platform and bubble budgets
  • PayTap for its social bill-payment platform
  • ShopKeep POS for its tablet-based POS

We’ll have videos of all 64 demos posted at Finovate.com as fast as possible (probably two to three weeks out).

Thanks to everyone who presented, attended, tweeted, networked, blogged, tolerated the Internet hiccups and helped push fintech forward. You are the best! 

———-

Notes on methodology:
1. Only audience members NOT associated with demoing companies were eligible to vote. Finovate employees did not vote.   
2. Attendees were encouraged to note their favorites as the day went on and choose three favorites from just the demos of that day. Ballots were turned in at the end of the last demo session each day. 
3. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed. Note: Ballots with more than three companies circled will not be counted.” 
4. The eight companies appearing on the highest percentage of submitted ballots were named Best of Show.
5. Go here for a list of previous Best of Show winners.

PayTap Demonstrates P2P Bill Payment Solution

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Wrapping up FinovateFall this year, PayTap took the stage with its P2P bill payment solution:
“All of us have done it – asked or given help to family & friends to pay a bill. It’s hard to ask and difficult to quickly respond. PayTap allows people to do what they currently do every day but online and with significant advantages.
1. Dramatically reduces the cost of moving money and takes a major step out of the process by having the funds go directly to the billing company (AT&T).
2. Takes advantage of existing social networking (increases reach and speed).
3. Gives visibility to all parties involved and allows them to keep track (who has paid) and avoids costly late fees.
4. Users can choose any payment method – credit, debit, PayPal and bank transfer – without revealing their details to family and friends.”
Product Launched: July 2012
HQ Location: Dallas, TX
Company Founded: April 2012
Metrics: $500K raised, 6 full time employees
Website: paytap.com
Twitter: @PayTap
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Sean-Michael Daley (CEO) and Chip Oxendine (CTO)
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Payfone Launches 1 Touch Checkout

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Afterward, Payfone launched 1 Touch Checkout:

“Payfone’s 1 Touch Checkout drives frictionless commerce by retrieving the payment credential tied to the mobile number, thereby eliminating steps in the checkout process and driving higher conversion.”

Product Launched: September 2012
HQ Location: New York, NY
Company Founded: March 2008
Metrics: 40 employees
Website: payfone.com
Twitter: @payfone
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Amy Masters (VP Marketing) and Prakash Hariramani (VP & Head of Product)
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Prepaid Resources’ BenefitsDirect Provides an Efficient Direct Deposit Solution

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Then, Prepaid Resources demonstrated BenefitsDirect, a direct deposit solution:

“BenefitsDirect provides the most effective and comprehensive direct deposit solution to deliver recurring revenue. Easily capture Federal benefits, State benefits and payroll deposits on your accountholder website, in-branch, at retail, by mobile app or live agent. Track enrollment success and utilize direct deposit analytics to pro-actively personalize accountholder relationships.”

Product Launched: April 2009
HQ Location: New York, NY
Company Founded: March 2007
Twitter: @PrepaidResource
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Barry Kessler (President & CEO) and Duane Jacobsen (VP & COO)
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Leadfusion Makes It Easy for Customers to Select Financial Products

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Next, Leadfusion demonstrated how it can make the process of selecting financial products easier for consumers:

“Leadfusion’s new Cross Channel Selling solution unites the online and offline experiences for consumers who are evaluating financial products, while also delivering powerful selling tools to retail branch personnel. 

For the first time, a consumer can begin the consideration of a financial product or service in any channel, and continue that investigation in a different channel – picking up where they left off. By creating a unified experience, Cross Channel Selling makes the selection of a financial product easier and more convenient for the consumer. And with Cross Channel Selling, financial institutions can offer consistent product recommendations across channels while placing helpful selling and lead management tools in the hands of the front-office staff.”

Product Launching: December 2012
HQ Location: San Diego, CA
Company Founded: 1995
Metrics: Leadfusion is privately held with over $5M in annual revenue, more than 250 customers and 1.2M visitors hosted per month.
Twitter: @Leadfusion
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Mark Nelson (VP of National Sales), Matt Kojis (Senior Product Manager), and Nilima Achanti (Director of Implementation Services)
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