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United Kingdom-based miiCard, a startup that helps you prove your identity online, announced a second round of seed funding for $2.5 million USD today. Investments came from a mix of groups including New Wave Ventures, IQ Capital and Par Equity.

The startup plans to use the funds to expand its digital passport technology. On its blog, miiCard mentions:

"The substantial investment supports miiCard's expansion into the US and will enable rapid growth of the business, across a range of markets including financial services, ecommerce, social networking and dating, where trust online is now critical."

One of the social networking platforms miiCard is working on is Twitter. It launched a Twitter validation function last week. 

Here's how it works:

To learn more about miiCard, watch its FinovateEurope 2012 demo.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker reports: Prosper markets to small businesses.
  • InComm patents "Value Insert" solution for more effective RFID card products and services.
  • Business Insider rumors that Ashton Kutcher, an Iowa native, participated in Dwolla's recent round of funding.
  • BOKU announces another partnership: teams with Vindicia for mobile carrier billing.
  • TechCrunch lists Holvi as 1 of 5 startups to watch from Seedcamp's demo day.
  • Confident Technologies joins McAfee security innovation alliance.
  • miiCard shares its incentive for predictions from the FinovateEurope audience of the top 2012 trends.
  • SigFig wins windows 8 First Apps contest.
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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At FinovateEurope earlier this month, identity verification service miiCard polled 14 audience members to discover their take on what the top trends in financial services will be in 2012.

Some of the major themes included:

    • Harnessing big data
    • Mobile
    • Social
    • PFM
    • Security & authentication

To learn more about miiCard, check out its FinovateFall 2010 demo and watch for its FinovateEurope 2012 demo coming soon to the Finovate website.

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  • Expensify now enables centrally managed company mileage rates.
  • ProfitStars refreshes brand image to make info more accessible for financial institutions.
  • AlphaClone to offer Alternative Alpha ETF from U.S. Bancorp.
  • Entrepreneur points to ModoPayments as a tech innovation shaping user experience.
  • AirStrip Technologies selects Diversinet's MobiSecure SDKs for Government healthcare applications.
  • Finextra reports Geezeo signs Alabama Telco CU.
  • FINalternatives interviews Currensee CEO Dave Lemont.
  • Three Finovate alumni named Lead411's Hottest San Francisco Companies.
  • miiCard asks FinovateEurope 2012 attendees about this year's fintech trends.
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.

FinovateEurope 2012 in the Press

Here's a look at press coverage from FinovateEurope on Tuesday:

ABA Banking Journal
Innovative payment startups, 2012 Edition

ArcticStartup
ETRONIKA Creates Kinect-Based Security For Online Banking
by Greg Anderson

Backbase Blog
FinovateEurope 2012: a brief review 
by Jelmer de Jong

BankInnovationLogo.jpg
Bank Innovation
7 New Services Launched at FinovateEurope 2012
by Mary Wisniewski

Banking Technology 
Finovate Europe packs in the punters

Blick Log 
Finanzinnovationen von der Finovate
by MNOCKERL 

bobsguide
Finovate Europe points way to the future
by Neil Ainger

Celent
Another take on Finovate
by Gareth Lodge

FinovateEurope 2012: More Payments and Mobile, Less PFM
by Zilvinas Bareisis

Innovative Payments Startups, 2012 Edition
by Zilvinas Bareisis

Commercial Integrator
Etronika Unveils Improved Microsoft Kinect-Based Online Banking
by Rachel Cericola

Finance 2.0
Finovate 2012: Der erste Eindruck
by Boris Janek

Financial Services Club Blog
The best of innovation in finance: #Finovate Europe 2012
by Chris Skinner

Finextra
Live at Finovate
by Pat Carroll

Finovate
AcceptEmail's Service Creates an Electronic Bill that Can Be Paid by Mobile

Actiance's Socialite Engage Helps Advisors Manage Social Media

Aimia and Cardlytics Help Merchants Track Offers and Revenue

Backbase Improves Bank 2.0 Portal Manager

Business Centric Services Group Launches CreditHQ

Brokertainment's StockBattle Lets Users Engage in Social Betting on Stocks

CurrencyFair Launches QuickTrade Feature

Dynamics Shows Off Smart Credit Card

eToro Introduces Guru Finder, Launches iPad App

ETRONIKA Revolutionizes How Users Interact with their Online Bank

Fenergo's Deal Manager Helps with Client On-Boarding and Account Opening

Figlo Makes Financial Planning Accessible on Any Device

FinovateEurope 2012 Live Twitter Transcript

Finsphere's Solutions Keep Online Banking Secure

Fiserv Introduces Mobiliti M-Cash

Handpoint Launches Secure Payment Solution for Tablets and Smartphones

Holvi Unveils Group Account Technology

IND Group's Banking-Front Office Gamifies Personal Finance

InvestorBee From DCisions Helps Users Make Sound Investment Decisions

Ixaris Demonstrates Customizable Card Program in a Box

Kabbage's ScoreKard Gives Online Merchants a Dashboard of Health

Liqpay's Zip.liqpay.com Allows for Easy Online Payments

Luup's Wallet System Facilitates the Internal Authorization Process

Meniga Upgrades PFM to Align with How People Think About their Money

miiCard Launches Open Beta of a Digital Passport for Online Identification

Mootwin Enables Users to Better Manage Mobile Apps

Nutmeg Offers a Tailored Investing and Saving Experience

PayPal Demonstrates Instant Account Creation

Ping Identity Shows How Financial Institutions Can Use Social Networking Logins

Sandstone Launches Mobile Banking App

Serverside's Technology Creates Viral Marketing Through Facebook

Service2Media Enables Secure Mobile Payments

Striata Launches Paperless Adoption Technology

Tradeshift's Instant Payments Gives Businesses a Faster Way to Receive Cash from Invoices

VALid from ValidSoft Uses Voice Authentication

Wipro Brings Customer Acquisition to the Tablet

ForresterLogo.jpgForrester Blogs
Finovate Europe 2012: Innovation In Digital Financial Services
by Benjamin Ensor

FSTech
Finovate Europe: best of show winners
by Scott Thompson

Hotwire PR blog
Finovate Europe 2012 - the aftermath
by Ben L

I Programmer
Kinect The Ultimate Security Device
by Harry Fairhead

Inside Brunei fm
ETRONIKA Brings online banking to Gesture Control, But Why?
by Roshan Jerad Perera

miiCard Blog
Impact of Financial Services in 2012, from FinovateEurope
by Cassie Anderson

A Cookie for Your Thoughts
by Cassie Anderson

Mircea Mihaescu Blog
Finovate London-- More Old News?
by Mircea Mihaescu

Money Marketing 
Ian McKenna: Technology the key to building scale
by Ian McKenna

Ian McKenna: The new wave of FS tech
by Ian McKenna

My Bank Tracker
Wave Your Arms in the Air: Etronika's Gesture-Based Banking
by Willy Staley

Nutmeg Blog
Nutmeg wins 'Best of Show' at Finovate Europe
by Aisha, Jono and Nick

OCTO Talks!
Innovation dans les services financiers: Retour sur Finovate 2012
by Joseph Glorieux 

Partners in Prepaid
Finovate 2012: New Kids on the Block
by Duygu Tavan

Payment Observer 
Trends and Innovation in Finance: FinovateEurope 2012
by Martin Schuppelius

psfk
Kinect-Powered Online Banking Logs You In With Your Face And Voice
by Emma Hutchings

Slash Gear
ETRONIKA produce Kinect-based online banking
by Chris Burns

TechCrunch Europe
Lithuanian company develops Kinect-powered online banking system
by Mike Butcher

TekFin
Financial Services and Data exhausts
by Yann

Ubergizmo
Kinect based online banking from Etronika a reality now
by Edwin Kee

Visible Banking
Cardlytics: Merchant Coupons within Online Banking [INTERVIEW]
by Christophe Langlois

Currency Fair: the P2P Marketplace to Exchange Currency on your Terms [INTERVIEW]
by Christophe Langlois

VisibleBankingLogo.jpg
Etronika: Kinect Banking at the Branch, Minority Report Style [INTERVIEW]
by Christophe Langlois

etoro: Copy Trading, Gamification and Personal Branding [INTERVIEW]
by Christophe Langlois

Finovate Europe 2012 (Photos, Videos, Crowdsourced Blog Coverage)
by Christophe Langlois 

Holvi: One Stop Shop for Groups - Crowdfunding, Budgeting, Expensing
by Christophe Langlois

iBrokr's StockBattle: the World's First P2P Option Game [INTERVIEW]
by Christophe Langlois 

IND Group: Bringing Gamification into the Online Bank [INTERVIEW]
by Christophe Langlois

Kabbage: for SMEs, More Social Media Engagement = More Cash [INTERVIEW]
by Christophe Langlois

LiqPay's Zip: a Payment Details Shortener 'bit.ly Style' [INTERVIEW]
by Christophe Langlois

Meniga's CEO: PFM Fully Integrated to Online Banking [INTERVIEW]
by Christophe Langlois

Nutmeg: Providing Private Banking Services to the Masses [INTERVIEW]
by Christophe Langlois

Ping Identity: Tapping Social Media to Customize Customer Experience in Banking
by Christophe Langlois

Serverside Group: Customize your Card Design on Facebook [INTERVIEW]
by Christophe Langlois

Vision Research Lab
Finovate-- look out for these companies
by Duygu Tavan

Finovate-- Who to look out for
by Duygu Tavan

Finovate: Hot stuff from Finland - meet Holvi
by Duygu Tavan

Zawya
Luup launches Mobile Travel Authorisation & Budget Management Service
FEUBadge.jpgHere's @Finovate's live Twitter stream from FinovateEurope on Tuesday, February 7.

Entries appear in chronological order:

Session 1

  • Here's the first Finovate demo. Nutmeg launch: "Investing the way it should be." LinkThumbnail image for Thumbnail image for Thumbnail image for TwitterBird.jpg
  • Nutmeg walking through investment goal setup; red popup tells you if you are drifting away from your goals and what to do about it.
  • Ping Identity launching methods for banks to integrate with social networks.>> huge priority for future. Link
  • Ping Identity demoing Facebook integration in account-opening process; has a number of integration ideas in the works with clients.
  • At Finovate, PayPal and la Caixa are launching PayPal account opening in 30 seconds by choosing email address and password. Link
  • Have found that PayPal account opening within la Caixa Bank environment increases account setup success by 2x to 3x. 
  • iBrokr AG, unit of Fidor Bank, is launching Stockbattle: Social betting on stock market. Link
  • iBroker demoing 1-euro bet on the stock value of a German company; has Facebook integration to share the bet to find a counter bet.
  • iBroker is easy, transparent, fun and accessible. A wildly innovative service to offer within an online banking or investment account.
  • BCSG is launching CreditHQ represents, a better way for small businesses to handle credit management. Link
  • BCSG's CreditHQ demoing credit management dashboard; has integration with collection agency to help followup with late payments.
  • Backbase launching major new features in Bank 2.0 portal including targeting to customer segments. Link
  • Backbase has cool widgets targeted to segments, showing student page mockup. Working with ABN AMRO, ING, DB, Barclays, and Visa.
  • Fenergo demoing "deal manager," client on-boarding and KYC compliance solution for corp banking/investments. Link
  • Fenergo showing dashboard to build the "credit pack" to pass to underwriting and back office departments; shows work-flow backlogs.
  • Service2Media and Rabobank introduce mobile payments via an existing banking application. Link
  • Service2Media showing cool mobile features: OCR recognition, "drag and drop" coins across page; "shake to clear."
  • CurrencyFair launching peer-to-peer foreign exchange transfers with its QuickTrade. Link 
  • CurrencyFair demoing a foreign exchange transaction, in this example a 68 GBP savings on 2000 GBP exchange; great user interface.
  • CurrencyFair has processed 90 million Euros, currently doing 0.5 million per day and growing quickly.
  • Holvi demoing "group account" replaces bank account with smart payment account designed for any group. Link
  • Holvi account assists groups with raising money, distributing cash, processing expense reports and tracking/ categorizing/ sharing it.
  • Holvi can also be used for group to setup online store for donations, t-shirt sales and so on; 58% of consumers involved in groups.

Session 2

  • We are back from break with Etronika showing voice, face and gesture recognition technology. Link
  • Etroinka demoing logging in via voice intro then authenticated with facial recognition; also showing gesture/voice navigation.
  • miiCard demoing new online Identity verification system to ease account opening and ID authentication. Link
  • miiCard demoing how it takes existing banking relationship to validate your identity; done in 5 to 10 minutes; then can share.
  • Mootwin launching one-stop-shop for mobile financial needs; demoing iPad app. Link
  • Mootwin showing streaming video on tablet; can communicate directly with financial adviser within UI; working with Cortal Consors.
  • Actiance showing dashboard for publishing to social media networks. Link
  • Actiance demoing dashboard in Socialite Engage that shows engagement with users; has tools to track overall program across company.
  • Fiserv is showing Mobiliti M-Cash service in use by ANZ; demoing mobile payment to non-ANZ customer. Link
  • Fiserv demoing M-Cash white label mobile payment service; entire process takes about 30 seconds; now showing online m-payment.
  • Aimia & Cardlytics launching transaction-based marketing platform; Aimia is investor in Cardlytics. Link
  • Cardlytics demoing their in-statement-offer UI within a live PNC Bank account; highlighting Burger King 20% cash-back offer.
  • Cardlytics demoing merchant dashboard; real-time results of spend of customers in entire category with offers vs those without.
  • Liqpay, with 1.5 mil customers, launching http://Zip.liqpay.com, payment detail shortener for SMS and email Link
  • Liqpay "payment detail shortner" is similar to bit.ly for URLs; showing how it works at Privatbank; increases accuracy and safety.
  • DCisions launching InvestorBee to take guesswork out of investing with understandable risk vs. return info. Link
  • InvestorBee will make investing benchmarks available free to consumers; believe simple facts will disrupt investing.
  • ValidSoft demoing secure m-banking with out-of-band four-factor authentication and transaction. Link 
  • ValidSoft demoing voice-based authentication to confirm trans; system calls mobile number and customer answers to confirm... nice!
  • Dynamics showing battery-powered card that is "first mobile wallet that works everywhere plastic accepted." Link
  • Dynamics showing how to press a button on card to get a disposable number to use online; or request rewards points be used at POS.
  • Dynamics launching today Chip & Choice for Europe, allows multi-app card to be used with single-app software infrastructure.

Session 3

  • eToro, with 2 million users; launching Guru Finder crowdsourcing to find traders to follow and copy. Link
  • eToro demoing trader profiles and community communications; also launching iPad app.
  • Serverside Group launching a Facebook app for banks to provide tangible value. Link
  • Serverside Group app allows customers to upload images from FB to create their own customized credit/debt card; can increase usage.
  • When finished using Serverside app, users can post their cards in FB update; bank could run design competition to "like" cards.
  • Tradeshift demoing how businesses can manage cash flow; launching "instant payments" options. Link
  • Tradeshift showing dashboard controls; onboard process for suppliers and instant payment process; available to entire supply chain.
  • Finsphere, which recently partnered with Vodafone, uses mobile phone location to assist with authentication. Link
  • Finsphere demoing its "risk score" for each transaction; online banking login process; and consumer Pinpoint service.
  • Launching Handpoint Headstart, mobile Chip & PIN payment solution. Link
  • Handpoint demoing payments on mobile phone, table and mobile POS device; also showing Square-like mobile reader option.
  • Wipro Technologies launching tablet-based customer acquisition system. Link
  • Wipro showing interface that sales adviser would use with prospects to explain products and compare options.
  • Wipro app allows adviser to take a screen cap and email the page to the customer >Very cool way to follow-up on initial discussion.
  • Luup launching travel management system for businesses and governments. Link
  • Luup demoing employee registration; using mobile to create trip itinerary and request approval from manager.
  • Meniga, PFM provider, is launching "Peace of mind banking." Link
  • Meniga UI has forward looking cash position, like Simple's "safe to spend" balance; showing "emergency fund" balance tracking.
  • Meniga working to move PFM from a "tab" to the most used part of online banking.

Session 4

  • Striata is launching eConsent "PUSH email billing" with NO registration process. Link
  • Striata demoing process: 1st email is Yes/NO overlay on shaded-out bill. No username or password; use a secret, for example: mobile number and birthday.
  • Striata showing interactive bill, "mini-website" right in the inbox.
  • Sandstone Technology showing modern-looking user interface on iPhone built on HTML5. Link
  • Sandstone Technology showing on multiple phones; demoing how user can personalize app with own picture; change display views.
  • Kabbage launching ScoreKard today, a quantitative view of health of client's online store. Link
  • Kabbage has now loaned $10 million to small online sellers on eBay and elsewhere; showing integration with Etsy.
  • Kabbage showing "social climbing" system where Kabbage analyzes client's social media activity to help in underwriting.
  • AcceptEmail showing MOBILE electronic bill presentment & payment, its "Short Invoice Service." Link 
  • AcceptEmail allows content of sent email to be changed while in client's inbox, eg. after bill paid, status can be changed.
  • Figlo's widget-based platform helps advisers communicate to clients via Facebook. Link
  • Figlo showing integration of online banking with long-range planning; showing table version.
  • Ixaris launching Opn Cardworks, "card system in a box", allows issuer to fully customize. Link
  • Ixaris can get Visa approval for new card within 6 weeks; demoing Ixaris "app store" for building programs.
  • IND Group launching new gamified banking interface " online banking goes from boring to fun" Link.
  • IND iGroup demoing UI which includes points area, achievements, badges (which unlock more rewards); shows totals over time.
  • That's a wrap folks. 35 Finovate demos and no one went over time limit! What a day, see you in the networking hall.
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Next, miiCard launched an online identity verification service to help consumers prove that they are who they say they are:

"miiCard uses information only a user would know, accesses details to their online bank account, and creates a secure, encrypted link to this account which has already approved a primary identity check to meet AML/KYC regulations. 

miiCard utilizes Yodlee's global account aggregation to provide validation weightings and traceability of source required by finance industry guidelines. Each point of validation is rechecked daily for accuracy and suitability. Vendors establish appropriate level of assurance requirements for their product/service. miiCard then allows those vendors to identify an individual with enough assurance to support the transaction, like the sale of a regulated financial product."

Product Launched: February 2012

HQ Location
: Edinburgh, Scotland
Company Founded: September 2011
Metrics: £550K seed funding, 5 employees
Website: miicard.com

Presenting James Varga (CEO)
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  • WorkLight launches special program for enterprise mobile and ISV developers.
  • TRUSTe certifies miiCard's website to display the TRUSTe Web Privacy Seal.
  • Clifford Change law firm deploys Check Point software for a network security solution.
  • Bill.com helps banks offer business customers a more powerful payment, invoicing, and cash management platform.
  • SC Magazine considers ValidSoft's view of voice biometrics. Come see ValidSoft at FinovateEurope Feb. 7.
  • Huffington Post recommends Mint.com, HelloWallet, Credit Karma, TradeKing, ReadyForZero, & Betterment for college students.
  • Q2ebanking selects Matt Flake as new CEO.
  • Doxo looks back at 2011 achievements.
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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  • Wired Magazine UK describes how miiCard is working to help prove online identities.
  • Wall Street Journal's MarketWatch looks at how LearnVest seeks to shake up financial planning.
  • Plastyc publishes a fee and feature comparison between its UPside Visa prepaid card and Suze Orman's The Approved Card.
  • eWise's Secure Vault Payments adds Nebraska Online Child Support website to vendor list.
  • ThreatMetrix acquires TrustDefender, expands Cybercrime Defender Platform.
  • Outright releases a widget to help those filing a 1099-K escape possible IRS audits.
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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This morning, online identity verification service miiCard announced it has entered into a strategic partnership with UK-based Callcredit:

"Blending the identity validation and authentication services of miiCard with the consumer data and identity verification services of Callcredit will create a new kind of online identity service that not only provides convenience for the consumer but cost savings, fraud protection and increased conversions for in the industry."

The two companies aim to be the first to provide the UK with an online identify verification service.

To learn more about miiCard, watch its FinovateFall 2011 demo.





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  • Prosper launches web app for Apple and Android Mobile devices.
  • ActivePath appoints former President & CEO at Oversee.net, Jeff Kupietzky, as CEO.
  • Investment News recommends advisors introduce HelloWallet to their clients.
  • The Huffington Post names BrightScope a "civic startup."
  • miiCard partners with consumer data company Callcredit.
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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  • Forbes recommends Budgetpulse, Mint.com, Buxfer, and Yodlee as PFMs to help keep track of your money.
  • Fox News advocates ReadyForZero to help pay down debt.
  • Prosper launches Kindle Fire sweepstakes.
  • Fast Company breaks down how ReadyForZero works.
  • Tamebay shares how miiCard is helping to increase trust online.
  • P2P Lending News reports that Prosper and Lending Club facilitated $40 million in loans in December.
  • Expensify gives users 10 free scans per month.
  • Geezeo signs 5 credit unions during the last week of 2011.
  • Cortal Consors announces new version and expansion of Hopee.
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.
Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTo wrap up 2011, we've compiled a list of all of the funding Finovate alumni received over the course of the year. 

The results were impressive:

  • A total of 34 companies received funding, some more than once
  • The companies collectively raised over $423 million dollars
  • The months with the highest number of companies receiving funding were June August, both with 8 companies
  • The highest amount of funding came in the month of June, when the alumni brought in over $124.4 million
Here is a month-by-month breakdown of funding received:

January -- $40.8 million raised by 3 companies

February -- $10.3+ million raised by 3 companies

March -- $20.4 million raised by 4 companies

June -- $124.4 million raised by 8 companies

July -- $1.1 million raised by 1 company

August -- $103.4 million raised by 8 companies

September -- $33 million raised by 1 company

October-- $22 million raised by 2 companies

November -- $16.3+ million raised by 3 companies

December -- $52.2 million raised by 5 companies
Note: Funding that companies received before they demonstrated at Finovate was not counted. If you see any funding that is not on this list, please send the name of the company along with a link to the funding information to julie@netbanker.com and I will add it.
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  • Scotsman.com recommends using Zopa as a way to earn a better return on investments.
  • Experian announces Financial Stability Risk score.
  • 123Kinect profiles ETRONIKA. Come see the technology live at FinovateEurope on February 7.
  • Symantec features Q2ebanking in its podcast.
  • Monitise signs 5 year partnership agreement with FIS.
  • Tradeshift signs deal with French government.
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.
FEU2012LogoHigh.jpg

Right now, over three dozen leading fintech companies, both hot young startups and established players, are gearing up to demo their latest innovations at the second annual FinovateEurope next February 7th in London.

To whet your appetite, we asked each handpicked company to provide a sneak peek of what it will be demoing on stage. Below is the first installment. We'll have another installment next week.

Don't miss your chance to see fast-paced demos of the newest ideas from each company and meet the execs responsible for the cutting-edge of innovation in financial and banking technology. Plus get your FinovateEurope ticket before December 23rd and you'll lock in the early-bird price!

____________________________________________

AcceptEmailLogo.jpg
AcceptEmail will launch a revolutionary way of billing and collecting. The inventor of billing and payment via email will introduce AcceptSMS, the world's first Short Invoice Service. 

With this technology, AcceptEmail users will be able to send payment requests to a smartphone or PDA via SMS, WhatsApp Messenger or social media in an easy and clever way. Improve your customers' payment behavior by offering multi-channel and customer friendly payment methods.

Innovation type: Communications, mobile and tablet UI, payments


ActianceLogo.jpg
Find out more about a solution that Raymond James has already adopted to give its investment advisors authenticity on social networks. It also generated a $1 million prospect for another wealth management firm after just 96 tweets.  

Actiance will also demonstrate how you can measure and analyse your network growth to accurately plot your social graph.

Innovation type: Communications, marketing, security


iBrokrLogo.jpg
Brokertainment combines the fun and thrill of stock market trading with a reduced risk due to extremely low minimum investments (1 euro) and ultra-short term durations of derivatives (around 5 minutes). 

Brokertainment will present a new product called STOCKBATTLE.

Innovation type: Investing and asset management


BCSGLogo.jpg
Business Centric Services Group (BCSG) will present an exciting new credit management tool to the SME market, which will break down the traditional barriers of cost, complexity and awareness. 

BCSG has identified a customer need for this product through research, which highlighted that over half of small businesses never run credit checks on new customers, and just under half do not monitor their existing customers and suppliers.

Its innovative tool allows complex information to be delivered in a simple and usable format, ensuring the best possible end-user experience. 

Innovation type: Banking products, online UI, small business

Thumbnail image for ETRONIKALogo.jpg
Almost all banking today is being done in digital space. Why not communicate with computers in a natural way, as we do in the real world? 

Imagine a financial application that recognizes your face, congratulates you, analyzes your voice to identify you, and navigates you in online banking. You choose what is most convenient for you at that time: using your voice, gestures, keyboard, or a mix of all the approaches. You are smiling. 

Motion and speech belong to the game world or laboratory geeks-- not to online banking solutions that refer to a serious, unshakable, respectable realm. ETRONIKA wants to challenge this point of view by introducing a new UX approach to financial online services.

Innovation type: Banking, identity, online UI


DCisionsLogo.jpg
InvestorBee puts data at consumers' fingertips so they can make smart, confident investments.

    • It's fact, not opinion. Users can tap into the database to learn from the experiences of over a million UK investors.
    • It's an investment health check. Users can compare themselves to their peers to set realistic saving targets and investment goals.
    • It's simple investing without guesswork. In a few easy steps, users can choose an objective risk-based strategy that's right for them.
InvestorBee users extract wisdom from the crowd to make better, simpler investment decisions.

Innovation type: Investing and asset management, PFM


Thumbnail image for FiservLogo.jpg
Fiserv will demonstrate its next generation mobile P2P, small business and eCommerce merchant payments. As an international provider of digital banking and payment solutions, Fiserv delivers market-proven capabilities with innovations in both the mobile and online channels.

Innovation type: Mobile and tablet UI, online UI, payments


Thumbnail image for INDGroupLogo.jpg
IND Group gamified its white-label Internet Banking and Personal Finance Manager. It added these methods to its new Banking-Front Office. The solution is based on the fact that customers love to do almost anything if they are rewarded for it. 

With the two-level point system, banks can give points for things like function use, transactions, and product or service purchases. Customers can collect points and badges for dedicated actions. The system is closely connected with Facebook, where users can post their results and badges. With its strong visualization features and real rewards, the gamified IND Internet Banking and Personal Finance Manager creates a compelling, engaging user experience.

Innovation type: Online UI, PFM, rewards


LuupLogo.jpg
Luup will launch a mobile payment service for corporations and governments that is set to bring them cost-savings, efficiency and productivity gains. The service solves one of the biggest daily challenges that organisations face worldwide. 

Through an interactive live demo from various mobile devices, Luup will showcase how the new service is a fast, convenient and secure way to optimise processes. Attendees will experience how Luup solutions are unique in being universally deployable, bank-grade, live and proven-- as well as scalable and easily managed.

Innovation type: Mobile and tablet UI, payments


miiCardLogo.jpg
miiCard, My Internet Identity, is the first service that allows a consumer to prove their identity to the AML/KYC standard purely online.

Through miiCard, a vendor can identify an individual to a level of assurance that supports real-time online sales of regulated financial products, and replaces the need for a 'wet signature' reducing operational costs and increasing conversions. 

miiCard creates trust, protects consumers and fights against fraud. It helps realize the full potential of the digital economy by enabling higher value online business.

Innovation type: Identity, payments, sales and customer service


SandstoneLogo.jpg
Sandstone will be showcasing its next generation mobile banking app that contains sophisticated money management/ OFM tools, the latest anti-fraud and security measures, and user experience capabilities that enable financial institutions to better engage with their customers.

Using the latest HTML5 technology, the app can be developed once and then delivered seamlessly across all smart phone app stores to run on any smart phone mobile device. The registration process for the app locks the user to the device while the page-fingerprinting technology ensures that fraudulent users will not be able to connect to the secure server.

Innovation type: Banking, PFM, security


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Service2Media and Rabobank will introduce mobile payments via a banking app for all webshops. Customers of Rabobank that have installed the Rabobank Mobile Banking app can now pay for their mobile purchases as easily as their online purchases by using a mobile version of the online payment method IDEAL

The new mobile IDEAL payment is facilitated by starting the Rabobank Banking app on an iPhone once a payment request is issued on the merchant's mobile site. The user then authorizes the transaction in the app with his account number and access code before being redirected to the merchant's mobile site. Mobile banking is now possible without an e-reader as long as the balancing account is known.

Innovation type: Banking, mobile and tablet UI, payments


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Securing M-Banking

The advancement of technology is making our lives easier. Mobile banking, or m-banking, is here and with 800,000,000 smartphones already in circulation globally, it is going to grow. But how do we make m-banking safe and practical to use? You can't hold your smartphone in one hand and your bank secure key in the other when walking down the street - that's not "making our lives easier".

A much simpler solution is using out-of-band, real-time, multi-factor authentication and transaction verification. ValidSoft will demonstrate how its products can do just that.

Innovation type: Identity, payments, security


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One of the primary tools direct sales agents need is a tablet variant of the unified desktop. Wipro has developed a customer acquisition framework on a tablet-based device, which is a step in this direction. 

CAMS on Tablet leverages mobile, analytics and intelligent processes for on-the-go personalized offers and application capture. The solution is also relevant in next generation bank branches where a differentiated environment is created for HNI customers.

Innovation type: Mobile and tablet UI, PFM, sales
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  • Read Write Web argues the mobile payments capital of the US is Des Moines, IA thanks to Dwolla.
  • Fox Business News reports GoalMine seeks to level the investing field.
  • PayPal updates its Android app with support for NFC payments.
  • eWise hires Alexandre Gonthier, former Boku CTO, as new CEO.
  • Lendio makes its business loan matching service free.
  • Finextra reports Intuit partners with AT&T to take on Square in the emerging mobile card processing market.
  • Xero updates its app: increases speed and improves UI.
  • Business Insider lists Dwolla and Simple as 2 of 20 most innovative startups in tech.
  • Billeo launches ShopSmart to bring consumers relevant discounts.
  • Zecco hosts $500 sweepstakes.
  • miiCard gives first 10,000 users free accounts for life.
  • Netbanker: Top 10 Reasons Why BankSimple Dropped the Bank.
  • Expensify creates four pricing plans.

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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  • Pittsburgh's Smart Business looks at how Dynamics CEO Jeff Mullen has founded and grown the company.
  • James Varga from miiCard reflects on FinovateFall.
  • BlueRidgeNow.com recommends using findabetterbank.com to avoid banking fees.
  • New Zealand Herald discusses Rod Drury's success with taking Xero public.
  • Entrepreneur looks at how Dwolla's services compare to big bank's small business services.
  • Bobber Interactive and Bundle are making finance interesting with social engagement.
  • The San Francisco Chronicle reports LearnVest is 1 of 30 most valuable startups in New York.
  • Bank Technology News cites that Citi is the first bank to publicly launch a site designed using Yodlee's FinApp platform.
  • Mint.com discusses the value of CreditSesame's Credit Badge.
  • The Spokesman-Review discusses the popularity of P2P lending sites Prosper and Lending Club.
  • The Paypers features Samurai from FeeFighters, an online payment gateway.
  • Loren's World blog lists Expensify as 1 of 5 best apps for business women.
  • USA Today lists BillFloat as a good alternative to a payday loan.
  • DeadlineNews.com names FamZoo as a "site to see."
  • Balance Financial launches version 1.2 of its mobile app in the Apple app store.

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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Here's a transcript from Finovate's live twitter stream during FinovateFall last Tuesday and Wednesday. 
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The entries appear in chronological order:

Day 1, Session 1

  • Here we go, Finovate number 10 starts in 10 minutes. Lots of cool tech coming! Follow the #finovate hashtag for next 2 days.
  • Weemba is launching a "reverse lending" system that puts borrowers in control. Only lenders they authorize can contact them. Link
  • Demyst.Data is launching a lender predictive analytics system to grow portfolios through better segmentation. Link
  • Google is showing its new Advisor  that is designed to improve the search experience for mortgages, credit cards, etc. Link
  • Google is showing how you can easily compare terms and conditions. It is inviting banks to talk to them to participate. 
  • Betterment is launching goal-based investing to its simple investing platform. Link
  • Betterment is showing how to create multiple goals with different asset allocations. This is a great, understandable investment UI.
  • Segmint is launching SegmintSocial, a platform for financial institutions to interact with customers on Facebook. Link
  • Segmint is demoing a bank dashboard and live chat-like user interface to engage customers in Facebook. 
  • Kabbage is debuting its SocialKlimbing system that uses social activity as part of the credit evaluation process. Link
  • Kabbage is demoing the social and sales analytics around an eBay merchant's store in order to assess the merchant's risk and increase credit.
  • RobotDough is launching an "antivirus for your portfolio" that monitors a brokerage account for accounting red flags. Link 
  • RobotDough has massive coverage: it is worldwide on 130 stock exchanges, has 45,000 companies worldwide, and has options coverage coming soon.
  • RebirthFinancial is showing a new way for lenders to analyze small businesses. JAS (pronounced jazz) is a neural network rating system. Link
  • Rebirth Financial is looking to popularize a small business predictive model-- there is a big need for that.
  • CreditSesame is launching its "badges of financial responsibility" to "certify credit worthiness" to the world. Link
Day 1, Session 2

  • TandemMoney is launching a system for users to "borrow" from themselves, then repay. This helps to minimize interest. Link
  • TandemMoney is demoing the "loan" process that uses a "plain talk promise" to disclose exactly what's going on. 
  • Equifax is demoing a freemium service that shows "Places" on its mobile app and has real-time access to your credit file. Link
  • Equifax is showing how you can use its mobile app to determine "neighborhood safety" based on credit scores. It also has a "credit report" lock toggle.
  • Transecq is showing its ENTERSECT out-of-band transaction authentication system using a mobile phone. Link
  • Transecq is using push-based notifications rather than an SMS message for the 2nd-factor authentication. 
  • Balance Financial is demoing a bill upload process using an iPhone camera. It also launches a FaceTime chat with the personal bookkeeper. Link
  • Balance Financial's app has receipt uploads that are managed with help of a personal bookkeeper at $40 per month.
  • Micronotes is showing its new KulaX cross-sell engine 1st Advantage Credit Union on stage demoing it Link
  • 1st Advantage FCU says it gets three times the number of leads using Micronotes compared to the traditional method of direct marketing.
  • PersonalCapital is launching its company today  at Finovate, calling itself an "investment management for the Internet age."  Link
  • Personal Capital is demoing an investment management UI which really pops, showing an "investment checkup" with fee projections. 
  • Personal Capital demonstrates its free service using an iPad app with FaceTime connection to your financial advisor. It ends its demo with an iPad giveaway. 
  • Kony is showing its new mobile commercial banking application that streamlines approvals and transactions. Link
  • MyCyberTwin is debuting an "emotionally responsive AI virtual agent" that is able to use emotion, smile, frown, etc. Link
  • MyCyberTwin is demoing a fully automated avatar deployed on Australia's NAB. It captures customer mood and responds to what they really want. 

Day 1, Session 3

  • CashStar is launching its Digital Gifting platform where the iPhone app turns card points into mobile gift cards. Link
  • Authentify is launching 2CHK for a secure, 2-way window into user accounts for review, approval, or cancelation of transactions. Link
  • Backbase debuts its Retail Bank of the Future, and suggests products that "other people like you use" (Similar to Amazon.com's recommendations). Link
  • Andera is showing its new FortiFI system that scans new account applications submitted to over 500 financial institutions. The system discovers fraud patterns. Link
  • Andera is demoing a fraud app made on BankSimple app. Side note: this is the first Finovate company with masked man driving the laptop! 
  • eToro is launching "Copy.Me," a store where you can find the top traders to follow and copy their trades. Link
  • The best jokes delivered at Finovate so far: eToro's Yoni Assia (high school copying) and Kabbage's Marc Gorlin (naked tweeting).
  • Yodlee is showing its new "Dynamic Consumer Experience" with a large "deals" section in the upper-right. Link
  • Yodlee is showing a goal-oriented profiling tool, Smart Credit, in its FinApp Store. Real-time PayPal payments can be used to pay bills.
  • BillGuard is demoing its new "Antivirus for Bills," a crowd-sourced database with information on bad charges to inform all users of the fraud. Link
  • BillGuard is demoing a Yodlee-powered daily scan on credit card transactions across all your cards. It flags potential issues and likely fraud.
  • BillGuard today is launching "BillGuard browser extension," so far it has found fraudulent charges on 20% of cards-- this adds up to $350,000 in savings. 
  • BillGuard is launching a collaborative industry working group to track fraudulent charges. 

Day 1, Session 4

  • modoPAYMENTS is showing its full-service mobile payments service using a live helmet cam at a local bar. Link
  • So glad that modoPAYMENTS the helmet cam demo worked! 
  • cbanc Network is showing a "social network-like" system for bankers to work with each other to tackle issues. Link
  • cBanc uses a virtual currency to incent bankers to upload answers and solutions to the network so that others can "buy" the solutions. 
  • cBank has 2,900 participating financial institutions and 3,000 solutions and answers in the system, including exam sharing. It even has a method to NOT share the information with competitors.
  • cBank Network is launching vendor opportunities today such as advertising, review responses, surveys, etc. 
  • SigFig is a "second set of eyes for your portfolio." It can set up a meeting with your adviser within the system.
  • SigFig is showing its system for avoiding trading fees, showing a real example where the user could save $150k per year. Link
  • Mootwin is showing its new mobile investment management and trading system with real-time updates. Link
  • Experian is demoing its new myID privacy and identity monitoring system. Link
  • Experian myID will help you opt out from tracking services. This helps get your name and mobile phone number removed from data aggregation services. 
  • Experian myID can be white-labeled for financial institutions. 
  • Plastyc is showing its new savings account attached to Upside prepaid account. It includes goals and achievements. Link
  • Plastyc is showing its systematic savings tools and cash-back rewards to incent savings (currently 6% rate). 
  • Dynamics is launching Chip & Choice, enabling advanced EMV applications without the need to update point of sale terminals. Link
  • Dynamics drops its card into a glass of water to show that it can go through the washer, nice.

Day 2, Session 1

  • FinovateFall 2011 day 2 starts off with T8 Webware.
  • T8 Webware is launching Grip, a mobile banking app with aggregation to monitor all accounts. It also includes receipt upload. Link
  • T8 Webware built its own aggregation engine. The app carries a fee of $0.99 for each month used.
  • Swipely is launching a "loyalty for main street," platform that is linked to customer credit and debit cards. Link
  • CREALOGIX is launching CLX.SentinelDisplay, a USB device with keypad, display, and a hardened browser for out-of-band authorizations. Link
  • CREALOGIX also includes complete data confidentiality: when the USB device is disconnected, nothing about the session remains on the PC. 
  • ACI Worldwide and MShift are unveiling their Mobile Enterprise Banker," a business banking app for tablets. Link
  • ACI and MShift are demoing on the iPad, showing how an urgent push notification from a bank overrides an "Angry Birds" session-- nice visual. 
  • FuzeNetwork is launching Swipe2Pay to make a cash payment or deposit to a bank by swiping a card at a retailer's point of sale. Link
  • Fuze Network is demoing actual point of sale transactions where "any card" works. The system is live at ACE now. 
  • FreeMonee is showing its new card-linked offers system to provide simple cash back rewards. Link
  • MitekSystems is debuting "Mobile Balance Transfer" for banks to acquire new credit card customers. Link
  • Mitek is demoing "point.shoot.transfer.save." Users take a photo of a credit card statement, the tool extracts the APR/balance, then uploads the information to the issuer for an offer.
  • Mitek is showing what happens in the back office when an image is received and how it is evaluated.
  • Truaxis (formerly BillShrink) is demoing its new platform that delivers personalized discounts via web, mobile, and email. Link
  • Truaxis says that the majority of its users want  "Netflix-like" recommendations for purchases. There is great potential for banks to showcase this information. 
  • LearnVest is creating the 1st online 'financial fitness center'. Its goal is to make financial planning more accessible to women. Link
  • LearnVest has put 250,000 users through its "financial boot camp" in past 3 months. It is showing a PFM with a "Gmail look and feel." 
  • LearnVest is demoing a "financial advice center" with costs $130/yr or $4.99 for 1-day. 

Day 2, Session 2

  • Cartera Commerce unveils its Local Offers solution, part of its card-linked offers service. Link
  • Cartera Commerce is demoing its merchant self-service interface. 
  • FamZoo is showing its system for teaching kids good money habits via co-branded FamZoo Virtual Family Bank. Link
  • FamZoo is demoing how kids and parents interact through its online interface, manage spending, incent savings/giving, and create rewards.
  • FamZoo is launching a "partnership edition" today, a private branded version for banks, credit unions, and advisors.
  • oFlows is launching a broad-based paperwork solution; allowing for the digitization of all types of paper-based transactions. Link
  • oFlows is demoing the upload of a voided check to handle account verification on-the-go.
  • InComm and CorFire are showing a new mobile platform for retailers to personalize the consumer payment experience. Link
  • InComm and CorFire are demoing an offer delivered in-store on a mobile device. It then uses a mobile barcode to pay at the point of sale. 
  • planwise is debuting its company at Finovate today. It is designed to help consumers understand their financial plans. Link
  • planwise offers "Secure Share" to provide the ability to share parts of your financial plans with others-- this is a much-needed online finance feature. 
  • Jingit is launching a transactional ad platform where consumers can earn cash for engaging with brands. Link
  • Jingit is demoing how it works with an online music store: "instant earn/instant spend." It is working with US Bank for cash-back rewards. 
  • LighterCapital showing its new Revenue Loan that offers "debt-like risk with equity-like returns." Link
  • Ligher Capital is showing its two-question loan application--that should raise eyes. It is also discussing real "Tomato Battle" funding. 
  • Lighter Capital is launching "social security" with partners. It combines "light-weight lending platform" with social media-based decisioning. 
  • MasterCard is showing its new Small Business Controller, part of the inControl suite to create unique payment products. Link
  • MasterCard is demoing virtual card creation by small businesses with real-time alerts to employees.
  • BankSimple is showing its user interface publicly for the first time today, focusing on speed and simplicity. Link
  • BankSimple features a "Safe-to-spend" balance that is "red flagged" in the upper left corner of the main page. It is also demoing a "Goggle-fast" natural-language search.
  • BankSimple is "helping users learn from their transactions". It is demoing fast bill-pay with real-time processing.
  • BankSimple is demoing a goal setup. Users can pause, lock, resume, or manually add to it. It is also showing a mobile interface that was "designed before online UI." 

Day 2, Session 3

  • PayNearMe is launching its new automobile-loan payment service using cash at local stores such a 7-Eleven. Link
  • PayNearMe is demoing with a Monopoly board and a toy cash register--a Finovate first.
  • PayNearMe demos making payments for rent and utilities with a mobile bar code scanned at a 7-Eleven.  
  • CarryQuote is showing its Intellicast system to quickly publish investment research to mobile and tablet apps. Link
  • CarryQuote is launching a "conference feature" to connect with customers before, during, and after investment events. It also has real-time updates. 
  • FeeFighters is launching the Samurai payment gateway, the "simplest way to accept payments online." Link
  • FeeFighters is demoing how to add its gateway to a webpage. It uses "intelligent routing" of payments to ensure the lowest cost. 
  • Wall Street Survivor is launching a new interface catering to investing beginners. It uses missions to educate the learning investors. Link
  • Wall Street Survivor is the "largest fantasy stock market online," with 350,000 registered users. 
  • Wall Street Survivor is demoing a stock trading "mission" with virtual cash and points to reward users. It also includes Facebook integration.
  • miiCard is showing "Assured Identities" to serve as "drivers license/passport checks" for the online world. Link
  • miiCard is designed to reduce high levels of "financial cart" abandonment, showing how it can be integrated into a banking site.
  • DoughMain is launching a family financial management platform and three age-relevant financial game sites. Link
  • DoughMain is showing a financial homepage for pre-teens with a service that includes a prepaid card.  It also has a gift card purchase cart.
  • DoughMain is looking to offer versions for banks.
  • Bundle is using actual spending data to help "cut through the noise" of user-review sites like Yelp. Link
  • Bundle is demoing its advanced "search results filtering" to hone in on restaurants that attract repeat customers.
Day 2, Session 4

  • Transparency Labs is working on the transparency genome to decode and explain financial "fine print." Link
  • Transparency Labs is demoing how it can break down the "fine print" and uncover fees and important conditions, showing it in a dashboard.
  • Transparency Labs also monitors existing agreements and sends alerts when the "fine print" changes.
  • ActivePath and Cardlytics are teaming up to deliver in-statement offers delivered directly to clients via email. Link
  • Cardlytics and ActivePath are showing "active mail" within Gmail. It includes an "offers" tab within the emailed bank E-Statement.
  • The Cool House of Financial Media is launching eyeOpen, a financial matching service that provides the best-fit in financial products. Link
  • The Cool House of Financial Media is demoing a consumer profiling session with eyeOpen, and recommends products based on what other people liked.
  • IND Group is launching IND Innovation, a new online and mobile platform that includes a "bank feed." Link
  • IND Group is demoing mobile P2P payment with a QR code. It supports "mobile first" banking. 
  • Offermatic is reinventing "daily deals" by making them relevant and easy to redeem through bank card linkage. Link
  • Offermatic is offering "guaranteed net new profitable customers." It is demoing a dashboard of metrics for merchants with zero cost to the merchant. 
  • Offermatic is launching Dynamic Offers, the first system that pegs the value of a discount to the value of the customer. It also track repeat purchases. 
  • ReadyForZero is showing a new system with loan repayment automation and data sharing. Link
  • ReadyForZero found that its users pay down debt twice as fast as non-users; its designed to reduce credit losses for banks/card issuers. 
  • Bobber Interactive is launching its GoalCard app on Facebook. Link
  • Bobber Interactive's social-game-based system is geared towards GenY; asks "who would you rather loan $50 to?" using Facebook tools.
  • Bobber Interactive "is helping Gen-Y win at money" ($200 billion market). 
  • That's it-- FinovateFall is a wrap...see you in the networking hall!
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Later this afternoon, miiCard demonstrated an identity service that proves users are who they say they are:

"Simply put, we have a catalyst for change in miiCard - a user-centric federated identity that can truly change the way we transact online. A new proposition in the Electronic Identity and Verification (eID&V) market- place, miiCard, for the first time, offers the capability to establish online trust purely online and in real time. Whilst other identity providers and credit reference agencies validate informa- tion about someone - such as their address, credit rating and, more recently, some have introduced behavioral aspects such as questions about transaction history, miiCard validates that a customer is who they say they are. Equally important to the vendors, benefits to the consumer are:

      • Security and control of personal data 
      • Convenience, consistency and simplicity 
      • Trust between parties in a purely online environment

miiCard is a federated identity service, which means it sits between the consumer and the vendor (or other consumer) and provides a level of trust between parties. miiCard can support not only the UK but North America, Western Europe, India, Australia, New Zealand and soon South Africa."

Product Launched: October 2010 

HQ Location: Edinburgh, United Kingdom 
Company Founded: 2010 
Metrics
: Seed funding raised, 5 employees
Website: miicard.com

Presenting James Varga (CEO)

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Edinburgh-based miiCard, a company seeking to create a way for users to prove their identity online using an Internet identity card, closed its first round of funding today.

"The funding raised a total of over £550,000 ($900,000) from VC, angel and public sector sources. Investment has been secured from angel syndicate Par Equity, venture capital group IQ Capital and the Scottish Investment Bank's Scottish Seed Fund."

miiCard will demo its internet identity card at FinovateFall and is expected to launch in time for the 2011 Christmas season. 

Get your ticket here to come see miiCard's live demo at FinovateFall this September 20-21st.
FInFallLogo.jpgMore than 60 leading fintech innovators, both startups and established companies, are gearing up to present at the biggest Finovate ever, Sept. 20/21 in NYC.

Each company provided a sneak peek of what they'll be demoing on stage next month. Below is the second installment of these teasers (see part 1 here). We'll have more next week. 

Don't miss your chance to see the live demo from each company and meet the execs responsible. Get your FinovateFall ticket here

_____________________________

Cardlytics.jpgActivePath.jpg
Customers use different communication channels throughout the day and expect the same from their FI. But to reach and interact with the greatest number of customers - and deliver reward value to both institutions and their customers - banks and reward vendors alike must fully support the growing range of channels: online, mobile, social, e-mail and more, while providing requisite security and privacy for email communications featuring sensitive data. 

Cardlytics & ActivePath combine powerful technology to personalize reward offers based on transaction data that can be securely delivered and transacted directly within interactive email, enabling customers to respond at their convenience, anytime, anywhere.

Innovation type: Cards, communications, rewards


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Andera's FortiFI product stops online new account fraud. It scans applications submitted online at over 500 institutions, discovering patterns used by fraud rings only visible on an industry-wide scale, and flags applications matching known patterns before an account is opened. 

FortiFI is available as part of Andera's hosted account-origination solution and its Software Development Platform that gives developers "plug and play" access to the services and software components (e.g., ID verification, application risk management, funding risk management, funds transfer, etc.) used by Andera's popular hosted online account-opening solution, reducing the time and cost to bring innovation to market.

Innovation type: identity, marketing, sales


Authentify.jpg
Online and mobile banking has created a new breed of cybercriminal. New forms of defense are needed.  

Authentify will unveil publicly for the first time, Authentify 2CHK. It is an app that will transform an end user's mobile device into a secure transaction authenticator. The device becomes a defensive weapon in the battle against cybercrime. Authentify 2CHK is a natural extension of Authentify's out-of-band technology and will help satisfy audit requirements for end user and transaction authentication spawned by FFIEC guidance updates.

Innovation type: Identity, payments, security


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BillGuard is the world's first antivirus for bills. This free, Web-based solution empowers consumers with the assurance of an unheard-of level of personal finance security. The easy-to-use service has already saved consumers more than $300,000 from unwanted or unauthorized charges.  

BillGuard aims to be the "seal of approval" that merchants and financial institutions display so consumers recognize that their accounts are protected and that all posted charges are accurate. In the future, it will be imperative to display a BillGuard badge to gain customers.

Innovation type: cards, identity, security


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Gen Y embraces frugality and seeks "engagement banking" with rich, interactive online experiences around their $200 billion in income.

Bobber represents a profound shift in how Gen Y relates to their money, integrating the most effective social engagement mechanics for cost-efficient acquisition, sustained loyalty, and increased wallet share. Bobber's cash-management tool simplifies daily spending and incentivizes goal achievement. Users engage in a highly interactive debit rewards program grounded in their personal savings goals.

Bobber's technology is architected into the Facebook ecosystem for low-friction onboarding, social collaboration, and experiences tailored to users' Facebook data.

Innovation type: banking products, cards, marketing, online UI


CarryQuote.jpg
CarryQuote IntelliCast is a private-labeled solution that allows you to securely deliver proprietary research and multi-media content directly to your clients' Apple, Android, BlackBerry, or Microsoft smartphones and tablets. 

Through CarryQuote's unique, SaaS-based mobile technology platform, which offers compatibility across all five major mobile platforms, CarryQuote IntelliCast allows you to place a highly advanced, branded mobile application in your clients' hands, and become their "go to" source for the latest financial research. Notably, this turnkey solution can be customized and deployed across all platforms in fewer than six weeks.

Innovation type: communications, investing, mobile and tablet UI


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Cartera Commerce is re-inventing the deal with card-linked offers. 

Cartera, the leading provider of card-linked marketing solutions, will unveil its solution that enables banks to tap the explosive growth of the local deals market popularized by daily deal sites.

For banks, issuers and loyalty programs, Cartera provides the industry's most comprehensive card-linked offer platform powering personalized in-store and online shopping programs that build consumer engagement, maximize card spend and create new revenue streams. For merchants, Cartera powers the industry's largest card-linked advertising network, targeting and tracking shopping offers to 150 million+ loyal consumers. 

Innovation type: cards, marketing, rewards


CashStar.jpg
CashStar, the preferred digital gifting and incentives partner for retailers and incentive partners, provides consumers with the most personal, compelling and convenient gifting experiences available. The only company to successfully combine an on-demand digital gifting and incentives platform with innovative multichannel marketing strategies, CashStar is changing the way rewards currency is exchanged from the digital world to the brick and mortar.

At FinovateFall 2011, CashStar will unveil a first-of-its-kind, location-based iPhone application that enables consumers to instantly turn credit card points into digital currency while they are in a participating retailer's store.

Innovation type: cards, marketing, rewards


CreditSesame.jpg
How do you know whether to trust online profiles? Where do you turn for assurance or accountability? The ability to demonstrate financial 'good sense' would give you an invaluable edge to stand out and succeed in career, business and personal objectives.

At FinovateFall 2011, Credit Sesame, one of the Internet's most trusted credit management sites -- backed by global financial institutions and world-class science, technology and financial experts -- will reveal how to get that "edge."

Whether you're applying for a new job, transacting commerce online, or interacting with someone on the Web for business or personal reasons, Credit Sesame can help.

Innovation type: identity, lending, PFM


DoughMain.jpg
You've seen it all: savings tools, financial games, virtual banks and so on. But these products have a limited reach with your customers. DoughMain is the first and only service to combine family coordination and financial education into one simple and convenient platform.  

Achieve a new level of engagement with your adult customers who have active families. Integrate your bank and financial service products in a completely new way and upsell your offerings to a lucrative market.

Innovation type: banking products, marketing, PFM


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Samurai is the easiest and most elegant gateway on the market. It gives you ultimate flexibility at an affordable price.

With Samurai, you'll be able to integrate payments on your site in minutes. Samurai boasts premium features such as intelligent routing, data portability, and gateway emulation. Send payments anywhere with Samurai -- it's universally compatible. Oh yeah, and that's just a sneak peek at all that Samurai has to offer.

Innovation type: back office, payments, small business


Google.jpg
Google Advisor makes it fast, safe, and easy for consumers to find personal finance products. Google will be showing the latest version of Advisor and be available for conversations with potential partners who are interested in the platform.

Innovation type: banking products, online UI


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IND Group "wow" innovation is a new online and mobile banking platform that has reinvented the way a bank can communicate with its customers. The platform's simplicity and ease of use is underpinned by natural language and data visualization -- key differentiators.

Easy-to-use main features are the account and transaction visualization, wizard-type money transfers and investments, zero-effort personal finance management, online sales engine and the support center. IND Mobile banking is more than just the extension of online banking features, unique ergonomic design, user experience, security and the fact that it is always-online.

Innovation type: mobile and tablet UI, online UI, PFM


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See Kony's mobile commercial banking solution in action. It allows the corporate treasurer and executives to approve transactions from any mobile device, including tablets. 

Each user is able to view the transaction amount, date, account involved, the approval status of other users, and a memo. This speeds the process of approving transactions as well as tracking the progress. Plus, from the development perspective, the application is updated and deployed to any mobile device, mobile Web or tablet from a single application definition.

Innovation type: banking products, mobile and tablet UI


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LearnVest believes that financial planning should not be a luxury.

LearnVest is making personal financial advice accessible and affordable to millions of Americans. The company does this by providing the content, tools and advice to help women get informed, get organized, and get support.  

LearnVest's new My Money Center and the LearnVest Advice Center are the keys to this transformation. By helping members create everything from a personalized budget to a retirement savings plan, LearnVest empowers women to build their wealth and afford their dreams. Come learn more about the new LearnVest Method and see where the company is headed.

Innovation type: communications, PFM


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There's a tremendous opportunity to gain share of cash and check spending by small businesses; if only business owners felt they could adequately delegate and manage the credit, debit or prepaid card spending of their employees. Now they can. 

MasterCard inControl Small Business Controller empowers small business owners to more confidently and securely delegate card spending to employees, improving expense control and helping to better manage cash flow. Small business owners can also create profiles with controls and alerts for each employee card and use virtual card numbers to shop more safely online.

Innovation type: cards, online UI, small business


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miiCard is a revolutionary digital passport. It enables users to prove their identity online to the same level of authority as a drivers license or passport would do offline. 

By creating trust in an environment characterized by anonymity and transient identities, miiCard will open up opportunities for business online and put Internet users back in control of their personal information on a global basis.

Innovation type: identity, payments, security


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Retailers are constantly looking for new ways to increase sales.
Over US$20 billion is spent on consumer promotions each year, but while promotions can be effective, they are costly and reduce margins.

Offermatic already enables any merchant today to precisely target Offermatic members based on their actual spending history. Merchants can acquire guaranteed-new customers, who are already spending in the category, on a 100% pay-for-performance basis.

At FinovateFall 2011, Offermatic will announce its latest innovation. This new model will enable merchants to run a free promotion and grow sales at no cost!
See you on September 21st.

Innovation type: marketing, rewards, coupons, small business 


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PayNearMe offers a convenient payment option to individuals who prefer to make payments in cash, as well as the more than 60 million adults who are unbanked or underbanked. 

PayNearMe will demonstrate an easy and inexpensive way for these consumers to pay their rent and auto loans with cash at their local 7-Eleven store. And with our self-service portal, merchants of any size will soon be able to take advantage of this simple payment alternative.

Innovation type: payments


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RobotDough will be presenting a new product that helps people protect their investments.

Innovation type: investing and asset management, PFM


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Wall Street Survivor is relaunching at FinovateFall 2011 with a website that finally demystifies investing. Wall Street Survivor couples a real-time stock market simulator with content to create missions. 

The product helps users understand financial concepts, such as creating a virtual portfolio, how to manage it, and how to find good stocks, all in a fun and rewarding way. If you want to learn how to invest better, or just want more confidence when speaking to your financial advisor or stockbroker, then the new Wall Street Survivor is for you.

Innovation type: Investing and asset management

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