Year: 2013

PayWith Presents mCARDS: A Dynamic Virtual Credit Card

By David Penn Posted on
Categories: FinovateFall 2013, PayWith

paywithlogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Wrapping this up with the final presentation of Day One of FinovateFall is PayWith, demonstrating their Mobile Rewards Cards.
“Introducing mCARDS (Mobile Rewards Cards). What does the “m” stand for? Money, Mobile, Merchant, Marketer, MasterCard, Monetize. 
In fact, mCARDS incorporate all of the above into every single 1-time use mobile card. mCARDS were invented by PayWith to enable a ubiquitous solution for merchants to process mobile payments using their existing hardware and POS equipment. The PayWith team cam up with the idea of creating a “virtual credit card” that could be dynamically created for every transaction by the consumer.”
Product Launch: Beta launched January 2012
Metrics: $2.5M raised to date, 12FT & 2 PT employees, closed beta of 2,000 registered users & 50 participating merchants, average consumer transaction value: $17.47, & average consumer annual spending through PayWith: $437.00
Product distribution strategy: Direct to Consumer (B2C), Direct to Business *B2B), through other fintech companies and platforms, & licensed.
HQ: Vancouver, British Columbia, Canada
Founded: November 2011
Website: paywith.com
Presenting David Strebinger (CEO) and Aaron Park (Senior Developer)

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The full demo video will be available at Finovate.com in mid-September.

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Float Money Offers Interest-Free, Fee-Free Lines of Credit for Shoppers

By David Penn Posted on
Categories: FinovateFall 2013, Float Money

FloatMoneyLogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Next up is Float Money, with their innovative online lending and marketing platform, Float.

“Float offers a line of credit without interest or fees. The loans can be used for any purpose. Members earn the interest-free line by shopping through Float. Float earns marketing revenue from merchants instead of interest and fees from borrowers.”

Product Launch: June 2012
Metrics: $1 million raised; 1,500 registered users
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, &through other fintech companies and platforms.
HQ: New York, NY
Founded: August 2011
Website: floatmoney.com
Twitter: @floatmoney
Presenting Shane Hadden (CEO) and Chad Hurley (CTO)

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The full demo video will be available at Finovate.com in mid-September.

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CoverHound Unveils a Quick Way to Request a Cost Estimate for Car Insurance

By Julie Muhn (@julieschicktanz) Posted on
Categories: CoverHound, FinovateFall 2013

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This post is part of our live coverage of FinovateFall 2013.
CoverHound is up next to demo a fast and unique way that users can receive an insurance estimate:
“CoverHound now lets you request a car insurance estimate just by Tweeting” 
Product Launch: September 10, 2013
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
Metrics: $6.5M raised & 23 employees

HQ: San Francisco, CA
Founded: May 2010
Twitter: @CoverHound
Presenting Basil Enan (CEO) and Keith Moore (CMO)

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The full demo video will be available at Finovate.com in mid-September.

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RevolutionCredit Launches Platform to Improve the Consumer Credit Process

By David Penn Posted on
Categories: FinovateFall 2013, RevolutionCredit

revolutioncredit_logo_rgb.jpgThis post is part of our live coverage of FinovateFall 2013.

RevolutionCredit is here to show of their RevolutionCredit Platform to help spot ideal borrowers.
“RevolutionCredit’s patent pending financial capability development solution helps creditors identify upwardly mobile customers, approve more consumers, mitigate risk, build brand loyalty, and reduce churn. For consumers, RevolutionCredit offers a compelling and progressive alternative to a rejection or penalty. Consumers can now demonstrate to their creditor that they are better than their current score, and are committed to their financial future. 
RevolutionCredit combines self/positive-selection with just-in-time consumer financial capability development at the point of transaction. This transforms the consumer credit process from a system based on punitive and negative selection to one based on education and positive engagement.”

Product Launch: September 2013

Metrics: $1.8M raised in angel funding & 8 employees
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, & through other fintech companies and platforms
HQ: Irvine, California
Founded: April 2012
Presenting Zaydoon Munir (Founder & CEO) and Laura Conrad (COO & CFO)

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The full demo video will be available at Finovate.com in mid-September.

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SpearFysh’s Note Taking App Helps Salespeople Stay Organized

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, SpearFysh
This post is part of our live coverage of FinovateFall 2013.

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Afterwards, SpearFysh demonstrated how its app can improve the note-taking experience during and after sales calls.
“Our Intelligent Note-Taking App helps a salesperson execute a pre-loaded agenda of a sales call that they see on the tablet screen during note-taking. In addition, it allows the salesperson to take notes, capture audio of the conversation, and tag critical data for 100% recall of the “voice of the customer” and sales process analytics. 
Our Web App enables interaction sharing with everyone at the organization that is involved in the sales process. Sales call data and the “voice of the customer” is converted from speech to text, indexed, and mined for sales intelligence to improve coaching and executive decision-making.”
Product Launch: May 2013
Metrics: $3.18M raised to date, 12 FTE, pre-revenue
Product distribution strategy: Direct to Business (B2B)
HQ: Twinsburg, OH
Founded: May 2011
Website: spearfysh.com
Presenting Marc Miller (CEO) and Greg Pacholski (President)

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The full demo video will be available at finovate.com in mid-September.

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Ignite Sales Debuts Branch Profitability Dashboards to Help Maximize Sales Performance

By David Penn Posted on
Categories: FinovateFall 2013, Ignite Sales

Thumbnail image for IgniteSalesLogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Ignite Sales is next up to the stage. The Dallas-based company is launching their recommendations engine that matches banking products to customer eligibility in real-time at the point-of-sale.

“Ignite’s innovative Branch Profitability Dashboards offer a breakthrough in branch performance measurement. The visual dashboards give bank executives unprecedented information to manage the sales process and determine which branches are profitable.”
Product Launch: September 2013
Product distribution strategy: Through financial institutions & licensed
HQ: Dallas, Texas
Founded: September 1997. Launched 2010
Twitter: @Ignitesales
Presenting Mitchell Orlowsky (CEO) and Barbie Boe (VP Marketing & Founder)
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The full demo video will be available at Finovate.com in mid-September.

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Tinkoff Credit Systems Brings its Click-To-Meet Technology to the U.S.

By David Penn Posted on
Categories: FinovateFall 2013, Tinkoff Credit Systems

Tinkofflogo.jpgThis post is part of our live coverage of FinovateFall 2013.

All the way from Moscow, here’s Russia’s leading provider of online financial services, Tinkoff Credit Systems, with their Click-To-Meet technology.
“The customer can apply online or by phone for a credit card, debit card, or to make a deposit. She simply has to complete the application on the bank’s website and the next day the bank’s representative (‘smart courier’) will meet her at her place of choice to sign documents and to deliver the card.
This facility is mind-bogglingly good. The implementation of this innovation took the following steps:
      • We established a nationwide courier system specifically for our online deposit programme
      • We extended the courier delivery programme to credit cards
      • As we honed the service, we developed our own technologies and software
      • TCS now operates one of the biggest courier companies in Russia.”
Product Launch: May 2013
Metrics: 5,900 employees, $2.3B in assets, & over 3 million credit cards issued
Product distribution strategy: Direct to Consumer (B2C)
HQ: Moscow, Russia
Founded: December 2006
Twitter: @tcsbank
Presenting Oliver Hughes (President & CEO) and Anna Mikhina (Manager, Development of Mobile Products)
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The full demo video will be available at Finovate.com in mid-September.

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FlexScore’s Action Steps, Peer Ranking Helps Consumer Game the Financial Planning Process

By David Penn Posted on
Categories: FinovateFall 2013, FlexScore

FlexScorelogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our next presenter is FlexScore, created by two financial advisors to “gameify” the financial planning process.

“FlexScore is an entirely new financial product that empowers people to take more control over their personal finances. It’s financial advice for the rest of us.
We will be demoing our newly patented scoring engine and peer ranking features of the FlexScore web app.”
Product Launch: Beta launch May 2013
Metrics: $1.5M raised & 6 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed
HQ: San Francisco, California
Founded: April 2012
Metrics: $1.5M raised & 6 employees
Website: flexscore.com
Twitter: @myflexscore
Presenting Jason Gordo (Co-Founder & CEO) and Jeff Burrow (Co-Founder & President)
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The full demo video will be available at Finovate.com in mid-September

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Lumesis Helps Advisors Build a Better Compliance Infrastructure

By David Penn Posted on
Categories: FinovateFall 2013, Lumesis

LumesisDIVERlogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Leading off our final session of Day One here at FinovateFall 2013 is Lumesis introducing DIVER.
“A comprehensive information delivery and compliance solution serving Financial Advisor Networks. DIVER Advisor is designed to protect the firm via a robust compliance infrastructure.
Financial advisors gain insights to activity around client positions through real-time dashboards and easily access internal credit research. A simple to generate CUSIP-driven reporting module addresses adherence to regulatory requirements.”
Product Launch: April 2013
Metrics: 20 employees, 70 institutional clients & 17,000+ users. Funding to date is $5.23M
Product distribution strategy: Direct to Business (B2B), through financial institutions, other fintech companies, trading platforms, portfolio management platforms, & licensed to firms.
HQ: Stamford, Connecticut
Founded: July 2010
Website: lumesis.com
Presenting Gregg Bienstock (CEO & Co-Founder) and Timothy Stevens (COO, President & Co-Founder)
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The full demo video will be available at Finovate.com in mid-September.

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GMC Software Technology Unveils Inspire Dynamic Statement for Mobile

By David Penn Posted on
Categories: FinovateFall 2013, GMC Software Technology

GMCSoftwareTechlogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our final presenter before the afternoon break here on Day One of FinovateFall is GMC Software Technology.
“GMC Inspire Dynamic Statement for Mobile delivers a new communication platform for banks. The GMC Inspire Dynamic Statement enables banks to complete their multi-channel communications portfolio, by bridging the gaps between paper statements to mobile statements. 
This game-changing innovation allows banks to upgrade existing web, email, social, and print-based communications projects to deliver interactive, digital statements that provide easy to understand graphical representations of financial information. 
GMC Inspire Dynamic Statement for Mobile allows customers to tap their way deep into their transactional data, building upon the GMC Inspire Dynamic Statement for Tablet application.”
Product Launched: Q3 2013
Product distribution strategy: Direct to Business (B2B), through financial institutions, & licensed

HQ: Appenzell, Switzerland

Founded: 1994
Website: gmc.net
Twitter: @gmc_net
Presenting Scott Draeger (Customer Communication Strategist) and Antoine Hemon-Laurens (Director, Mobile Product Marketing)

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The full demo video will be available at Finovate.com in mid-September.

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With the Akimbo Card, Users Can Make P2P Payments with a Prepaid Card

By Julie Muhn (@julieschicktanz) Posted on
Categories: Akimbo Financial, FinovateFall 2013

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This post is part of our live coverage of FinovateFall 2013.
Then, Akimbo stepped up to the stage to show its prepaid P2P payments solution:
“Akimbo is reinventing the allowance with a card that delivers money anytime, anywhere. Akimbo offers free and instant money sharing, and each Akimbo member can create up to 5 sub-cards for kids, students, friends, staff or anyone. Cardholders can link bank accounts and set up automatic allowances to sub-cards or any other Akimbo member. 
The Akimbo Card provides immediate access to sent funds everywhere Visa debit is accepted and at ATMs. Cardholders can access and manage their account and sub-cards from any mobile, tablet, or desktop device using our HTML5, adaptive-display web app, or native iPhone app.”
Product Launch: March 2013 (New Platform: August 2013)
Metrics: Raised $2.2M to date, 12 employees, 20,000+ users
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: San Antonio, TX
Founded: January 22, 2010
Twitter: @akimbocard
Presenting Houston Frost (CEO)

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The full demo video will be available at Finovate.com in mid-September.

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Yseop Debuts New Financial Suite

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2013, Yseop
This post is part of our live coverage of FinovateFall 2013.

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Then, Yseop demonstrated how its Financial Suite can facilitate the report-writing process:
“Yseop Financial Suite, the latest round of financial applications developed on Yseop’s technology, is designed to boost sales performance in the financial market. This suite of products covers the full range of possibilities offered by Yseop’s text-generating software: including an online personalized expert guidance application for lead generation, whose output can be displayed in multiple languages and a prep-to-meeting report, which demonstrates Yseop’s ability to improve sales productivity in retail or commercial banking. Finally, a third application will show our ability to generate a two-page market summary report based on the latest financial data instantly.”
Product Launch: January 2013 (latest version)
Metrics: Privately self-funded. Over 20 years of research to develop the technology. First commercialized as a middleware in 2008. 25 employees. 30 large customers with 20,000 users in production daily in the banking & insurance industries. Demonstrated improvement in sales productivity of 20% overnight. Recently signed a deal to deploy Yseop technology for over 25,000 users at another large financial institution. 
Product distribution strategy: Direct to Business (B2B), through financial institutions, & through other fintech companies and platforms
HQ: New York, NY, Dallas, TX, & Lyon, France
Founded: 2008
Website: yseop.com
Twitter: @yseopai

Presenting Elizabeth Farabee (VP Marketing) and Matthew Kropp (Director, Marketing & Sales)

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The full demo video will be available at finovate.com in mid-September.

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