IND Group Reinvents How Banks Can Communicate With Clients

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This afternoon, IND Group demonstrated how IND Internet Banking can change the way banks communicate with clients:

“Its “wow” innovation is a new online and mobile banking platform, which is reinventing the way a bank can communicate with its customers. Use of natural language, simplicity, usability and data visualization are the key differentiating factors. Easy-to-use main features include the account and transaction visualization, wizard-type money transfers and investments, zero-effort personal finance management, online sales engine and support center. 

Through IND’s use of iPhone and Android applications, mobile banking is more than just the extension of online banking features. We think the capabilities of the mobile should be fully used, like GPS location, camera, and the fact that it is always online.”

Product Launched: March 2011 

HQ Location: Stuttgart, Germany 
Company Founded: 1997 
Metrics: Number of employees: 180, Revenue: 10 million euro
Website: indgroup.eu
Presenting József Nyíri (CTO) & Roland Pecsenye (CEO)
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The Cool House of Financial Media’s eyeOpen Service Matches Consumer with Financial Products

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Next this afternoon, The Cool House of Financial Media showed off eyeOpen, a product that matches consumers with financial products:

“eyeOpen introduces matching technology in the financial world. The eyeOpen technology enables the business models of a free internet-based financial planner that lets users put information from several sources onto a single screen and then recommends suitable products. 

In order to get a match for a suitable mortgage, the consumer answers 13 simple questions. Based on his profile, he will be presented with the option that over 1,000 people like him have chosen, and also with 3 product choices based on what over 500 financial advisors would advise people like him. The algorithm behind this model crunches over 2 million data points per consumer and is based on extensive market research.”

Product Launched: June 2011
HQ Location: Amsterdam, The Netherlands 
Company Founded: December 2009 
Metrics: Money raised to date: credit line of €5 million, revenues: €400,000 in 2010, website traffic: 70,000 monthly
Website: chfm.nl
Presenting Diederick van Thiel (CEO) & Rosali Waleson (CCO)

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ActivePath & Cardlytics Team for Targeted Offers in eStatements

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Next up, ActivePath and Cardlytics did a joint demo of their eStatement delivery of merchant-funded targeted rewards:

“Offering bank customers an enhanced eStatement

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 experience using secure and interactive e-mail messaging to view, activate and otherwise interact with their targeted rewards with the full functionality found in electronic banking. Offers are embedded into relevant transactions using Cardlytics’ industry leading placement engine. Secure and interactive eStatement delivery is provided by ActivePath’s innovative ActiveMail solution.”

Product Launched: August 2011

HQ Location
  • ActivePath: New York, NY 
  • Cardlytics: Atlanta, GA 
Company Founded
  • ActivePath: 2007
  • Cardlytics: 2008  
Metrics
  • ActivePath: raised $6mm, 20 employees 
  • Cardlytics: raised $25mm, 80 employees, 70mm US households (Q1-12)
Website
Presenting Renan Levy (CEO, ActivePath), Jason Brooks (SVP Business Development, Cardlytics), & Denise Spell (Manager of Sales Engineering, ActivePath)

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Transparency Labs Condenses Fine Print Into Clear Content

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To begin the second set this afternoon, Transparency Labs demonstrated a tool that takes the headache out of reading the fine print:
“Imagine a day when you could easily understand your fine print and:
  • Buy a home and quickly decipher the Terms and Conditions of your mortgage
  • Know exactly what your insurance policy covers, with a click of a button 
  • Never have to lie again when you click “I have read, understand and agree to the Terms and Conditions” when visiting a website online
  • Save for retirement with confidence 
  • Know the true cost of your mobile phone plan, credit card, airline tickets and bank accounts
Transparency Labs works by: 
  • Aggregating thousands of pages of Terms and Conditions issued by America’s largest corporations and financial institutions
  • Analyzing the most widely used standard-form-contracts using an objective & empirical methodology
  • Cataloging over $100 billion in hidden fees and surcharges and millions of fine print data points
  • Tracking ongoing changes in fine print agreements”
Product Launched: September 2011
HQ Location: New York, NY & Los Angeles, CA 
Presenting David Hirsch (Founder) & Benjamin Texter (Vice President)

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Bundle.com Personalizes Recommendations Based on Demographics

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Finishing off this afternoon’s first set, Bundle.com demonstrated the ability to search for personalized recommendations, such as where to go for dinner:

“Bundle.com has recently launched the ability for people to personalize their search based on select demographic or behavioral profiles. So, for example, if you want to figure out where foodies are going to eat in Chelsea or where the 26-35 yrs people are shopping for clothes, it’s all available on Bundle.”


Product Launched: August 2011 


HQ Location: New York, NY 

Company Founded: June 2009 
Metrics: 1 million visits
Website: bundle.com
Presenting Jaidev Shergill (CEO) &  Phil Kim (CTO)

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DoughMain Offers Age-Relevant Financial Education Games

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Next this afternoon, DoughMain demonstrated a platform to help families keep their lives organized and learn good financial habits:

“The free DoughMain platform consists of a family calendar that is integrated with a chore tracker and an allowance/rewards tool. Parents set up their own customized DoughMain that serves as a secure micro-network for the family. On top of its family coordination platform, DoughMain offers financial education via three age-relevant game sites and integrated real-world financial experiences including a bank account and a Visa reloadable card.”

Product Launched: August 2011 

HQ Location: Princeton, NJ 
Company Founded: May 2010 
Metrics: $5M raised from angel investors, 7 FTE & 9 contractors
Website: doughmain.com
Presenting David Reim (CMO) & Ken Damato (Chief Executive)

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miiCard Creates Validated Online ID Card

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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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Wall Street Survivor Teaches Financial Concepts Through Hands-On Experience

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Today, Wall Street Survivor demoed a platform that provides hands-on practice to aspiring investors:

“It couples a real-time stock market simulator with content to provide missions. Missions are a set of tasks that teach financial concepts such as creating a portfolio, researching stocks and mastering different trading strategies. Users learn through content and are given virtual cash to test their knowledge on the stock market simulator. Badges and rewards keep users engaged to keep pursuing missions. Wall Street Survivor also has leagues, where users can create their own virtual stock market competitions with their friends or join Wall Street Survivor’s leagues where the top traders win real cash.”

Product Launched: September 2011

HQ Location: Montreal, Canada
Company Founded: 2007
Metrics: 350,000 registered users, 3.5 million page views per month
Presenting Rory Olson (CEO) & Justin Evans (CPO)

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Samurai by FeeFighters Lets Merchants Accept Payments Online

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Next, FeeFighters shared Samurai, a platform that allows merchants to accept payments online:
“Samurai is a feature-rich gateway that provides 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 at a transaction level, meaning you can send a transaction where it makes the most sense financially. It’s also universally compatible, so you aren’t locked into a particular provider. Incredibly easy setup at a fantastic and simple price: $10/month + $0.10/transaction, no other costs.”
Product Launched: September 2011 

HQ Location: Chicago, IL 
Company Founded: April 2009 
Metrics: $1.6 Million Seed Round raised, 8 employees, 50,000 unique users/month, over 25,000 credit card processing auctions completed
Presenting Sean Harper (CEO) & Sheel Mohnot (Director of Business Development)

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CarryQuote’s IntelliCast Solution Delivers Financial Research and Multimedia Content

Thumbnail image for CarryQuote.jpgThis afternoon, CarryQuote shared a mobile research delivery solution, IntelliCast:

“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 under six weeks.”

Product Launched: February 2011


HQ Location: Zug, Switzerland 

Company Founded: July 2006 
Product Launched: February 2011
Presenting Christian Erlandson (CEO) & Trevor Vale (Head of Sales, Americas)

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PayNearMe Allows Cash Payments for Online Bills

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PayNearMe started off the demos after lunch today with a unique payment platform that allows users to pay for online goods, rent, and utility bills using cash.
“PayNearMe combines a load network with a flexible application development platform that enables consumers to conduct a broad range of remote business transactions.We will demonstrate PayNearMe-based applications in international remittance, retail-enabled bill payment, and mobile payments with cash.”

Product Launched: September 15, 2010

HQ Location: Mountain View, CA

Company Founded: 2009

Website: paynearme.com
Presenting Danny Shader (CEO & Founder) & John Minor (VP Product and Support)

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BankSimple Unveils Its Modern Mobile Banking Experience

BankSimple.jpgFinishing off today’s morning session, BankSimple publicly demonstrated its product for the first time:


“It’s a fast, easy-to-use web and mobile experience with advanced features such as a prominent Safe-To-Spend balance, fast natural language search, adjustable savings goals and much more.”
Product Launched: Soon
 
HQ Location: Portland, OR
Company Founded: October 2009
Metrics: $13M raised, 17 employees
Presenting Joshua Reich (CEO & Co-Founder) & Adam Erlebacher (VP Product Marketing & Operations)
 
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