Month: April 2014

With SmartAsset’s New Mobile App, Users Have Personal Finance Guidance at Their Fingertips

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, SmartAsset
This post is part of our live coverage of FinovateSpring 2014.

SmartAssetLoResLogo.jpg

Second on stage this afternoon, SmartAsset stepped up to demo its new mobile app that empowers users with personal finance knowledge:
“SmartAsset is launching its mobile application at FinovateSpring 2014. For Apple and Android, SmartAsset mobile users will have all of the functionality afforded by our web application at their fingertips.”
Presenting: Michael Carvin (CEO) and Noel Curtis (Senior Software Engineer)
Product Launch: FinovateSpring 2014
Product distribution strategy: Direct to Consumer (B2C), Business to Business to Consumer (B2B2C), through financial institutions, through other fintech companies and platforms
HQ: New York, NY
Founded: July 2011
Twitter: @smartasset

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Dealstruck’s New API Helps Institutional Investors by Giving Them Data About Borrowers

Dealstruck’s New API Helps Institutional Investors by Giving Them Data About Borrowers
By Julie Muhn (@julieschicktanz) Posted on
Categories: Dealstruck, FinovateSpring 2014
DealstruckLogo

This post is part of our live coverage of FinovateSpring 2014.

First up after lunch, Dealstruck launched its online investor API that caters to institutional investors:
“Historically, Dealstruck has offered an online matching service for individual lenders and a pooled investment vehicle for institutional investors. This has limited institutional investors to only one aggregate investment option. 
At Finovate, Dealstruck is announcing an online investor API specifically catered to the institutional investor, allowing them to access all data for individual borrowers and to tailor investment decision-making criteria for whole loan and fractional loan investment flexibility.”
Presenting: Ethan Senturia (CEO & Co-Founder) and Russell McLoughlin (CTO & Co-Founder)
Product Launch: April 2014
Metrics: $1.2M raised to date, 13 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Carlsbad, CA
Founded: July 2012
Product Demoed: Investor API
Twitter: @dealstruck

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Quisk Creates a New Type of Payment Account Using Digitized Cash

Quisk Creates a New Type of Payment Account Using Digitized Cash
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Quisk
QuiskLogo

This post is part of our live coverage of FinovateSpring 2014.

Next, Quisk demonstrated its cloud-based digitized cash solutions:
 
“Quisk is the first company to be sanctioned by a central bank for an all-digital bank account with complete and secure banking functionality. Quisk is demonstrating various use cases from its cloud-based digital services and transaction-processing platform. 
The patent-pending Quisk technology utilizes the consumer’s mobile phone number and secured PIN to create and access a new type of payment account, domiciled at a bank or other financial institution. Quisk enables special transaction processing and balance limits to facilitate compliance with Know Your Customer (KYC) and state-of-the-art risk management.”
Presenting: Praveen Amancherla (CTO) and Dan Glessner (CMO)
Product Launch: January 2012
Metrics: Quisk is a pre-revenue startup with approximately 30 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Sunnyvale, CA
Founded: June 2007
Website: quisk.co

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WePay Debuts the Veda Risk Engine and Risk API to Help Fight Fraud

WePay Debuts the Veda Risk Engine and Risk API to Help Fight Fraud
By David Penn Posted on
Categories: FinovateSpring 2014, WePay
WePay_hi_res_FS2014

This post is part of our live coverage of FinovateSpring 2014.

Our next presenter is the team from WePay, launching their Veda Risk Engine and Risk API for online marketplaces, crowdfunding websites, and small business software companies.

“Only WePay’s patent-pending risk engine technology, Veda, stitches together a variety of novel data sources to better understand a platform’s users. To fight fraud, Veda combines proprietary data from platforms, data from WePay’s own transactional graph, and social data from sources such as Facebook, Twitter, and Yelp.”
Presenting: John Canfield (VP RIsk) and April Rassa (Director of Product Marketing)

Product Launch: April 2014
Metrics: $35 million in venture funding; 55 employees; over 400,000 platform partners, more than $500 million in annual payment volume
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
HQ: Palo Alto, California
Founded: August 2009
Website: wepay.com
Twitter: @wepay

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With Interactions’ Conversational Technology, Customers Can Converse Using Natural Language

With Interactions’ Conversational Technology, Customers Can Converse Using Natural Language
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Interactions
InteractionsLogo

This post is part of our live coverage of FinovateSpring 2014.

Next, Interactions showed its conversational solutions:
“Interactions is demoing their conversational solutions for financial institutions. Conversational solutions can seamlessly provide callers with access to balance, transaction history, and account information; yet, Interactions goes a level beyond by allowing the caller to inquire into recent charges, ask complex questions about their accounts, change account information such as addresses and emails, report a card as lost or stolen   . . . the list goes on. 
During our demo, we are calling into a live demo application for a demo client “Franklin Bank & Trust” and interacting with the solution in real time.”
Presenting: Dan Fox (Marketing Manager) 
Product Launch: September 2013
Metrics: We have raised over $100M to date, most recently highlighted by a $40M round led by SoftBank Capital. Our customers include several Fortune 100 companies.
Product distribution strategy: Direct to Business (B2B)
HQ: Franklin, MA
Founded: 2004
Twitter: @interactionsco
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FlexScore Debuts the Advisor Version of its Web-Based Financial Planning Service

FlexScore Debuts the Advisor Version of its Web-Based Financial Planning Service
By David Penn Posted on
Categories: FinovateSpring 2014, FlexScore
FlexScore_hi_res_FS2014

This post is part of our live coverage of FinovateSpring 2014.

FlexScore is making its way to the stage next. The company is debuting its FlexScore Advisor Version.

“FlexScore gives you total financial clarity wrapped up in a single score. Until now, there has never been a product or service that truly meets the needs of both the financial advising community and your average everyday household that has a need to plan financial and find appropriate (not ‘sold’ with high commissions and kickbacks) products and services to solve its problems. 
Over the last 3 years we’ve been developing this web-based financial planning service to benefit both consumers and advisors. We are announcing at FinovateSpring 2014 that FlexScore has created an Advisor version.”
Presenting: Jason Gordo (CEO) and Jeff Burrow (COO & President)

Product Launch: April 2014
Metrics: $2.5 million raised to date; 7 employees
Product distribution strategy: Direct to Consumer 9B2C), Direct to Business (B2B), through financial institutions
HQ: San Francisco, California
Founded: April 2012
Website: flexscore.com
Twitter: @myflexscore

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CpIXpress from CUneXus Shows Customers Preapproved Loan Offers at Multiple Touchpoints

CpIXpress from CUneXus Shows Customers Preapproved Loan Offers at Multiple Touchpoints
By Julie Muhn (@julieschicktanz) Posted on
Categories: CUneXus, FinovateSpring 2014
CUneXusLogoSmall

This post is part of our live coverage of FinovateSpring 2014.


Then, CUneXus demonstrated its perpetual loan-approval product, cpIXpress:
“Our cplXpress product suite allows lending institutions to empower their customers with perpetual loan-approval status across multiple consumer-lending product lines. The solution grants customers ongoing insight into their personal buying power, with the ability to review and instantly accept preapproved loan offers at every touchpoint. 
No loan application is necessary. Our advanced risk-based assessment and pricing engine generates a highly personalized and targeted menu of offers based on each individual’s unique financial situation and profile. Offers are communicated within the client institution’s online, mobile, branch, call center, direct mail, and email channels. We are demoing a selection of online banking and mobile user interfaces.”
 
Presenters: Dave Buerger (President & Co-Founder) and Darin Chong (Co-Founder)
Product Launch: December 2013
Metrics: Founded by a dynamic group of seasoned credit union professionals, CUneXus is privately funded with headquarters in California’s beautiful Sonoma Wine Country. Our team and client list are growing quickly with FI client asset sizes ranging from $400M to over $2B.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed
 
HQ: Santa Rosa, CA
Founded: October 2011
Website: cunexus.com
Twitter: @cunexus

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Kofax’s New Mobile Capture Platform Helps Customers Check the Balance of Their Gift Cards

By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Kofax

KofaxLogo.jpg

This post is part of our live coverage of FinovateSpring 2014.
Then, Kofax demonstrated how it is making it easier to check balances on retail gift cards:
“Kofax is demonstrating how its new Mobile Capture Platform can help customers automate the process of checking balances on their retail gift cards. The demonstration shows how retailers can enable virtually any smartphone or tablet to hover over a card, detect it, automatically identify the vendor, and immediately display the available balance. 
The solution makes gaining access to gift card information more convenient for gift card issuers. It also gives vendors a cost effective tool that helps them deliver better service and faster transactions to increase customer satisfaction.”
Product Launch: January 2014
Metrics: Subsidiaries in 30 countries, >1,200 employees, 800+ channel partners, products available in 70+ countries, 20,000+ customers, NASDAQ & London Stock Exchange (KFX), $266.3M in revenue, $46.3M adjusted EBITA
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Irvine, CA
Founded: January 1985
Website: kofax.com
Twitter: @kofax

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TextPower Debuts TextKey to Provide Mobile, Omni-Factor Authentication

TextPower Debuts TextKey to Provide Mobile, Omni-Factor Authentication
By David Penn Posted on
Categories: FinovateSpring 2014, TextPower
TextPower_hi_res_FS2014

This post is part of our live coverage of FinovateSpring 2014.

Mobile security is the specialty of our next presenter, TextPower, unveiling TextKey mobile authentication technology.

“TextKey is the next-generation authentication system that turns common SMS-based authentication models upside down. TextKey users see a one-time key on a webpage and must text that key FROM their cell phone into the TextKey system. TextKey then verifies the mobile number that sent the key along with up to five other verification factors. 
When the correct key comes from the correct cell phone number and the other factors are verified, access is granted. If the key is sent by a cell phone that is not registered to send it (i.e., a hacker) or any of the other five factors are not verified, authentication is refused and the hacker’s cell phone number captured. TextKey is simple to install, affordable for any size business, and has no learning curve for users (“just text it”).”
Presenting: Scott Goldman (CEO & Co-Founder)

Product Launch: April 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: San Juan Capistrano, California
Founded: February 2009 (TextKey product created in 2012)
Twitter: @TextKey / @ TextPower

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Digital Insight Previews its Promotion Suite for Mobile

Digital Insight Previews its Promotion Suite for Mobile
By David Penn Posted on
Categories: Digital Insight, FinovateSpring 2014
Digital_Insight_hi_res_FS2014

This post is part of our live coverage of FinovateSpring 2014.

With a goal of helping financial institutions provide more relevant, more personalized cross-sell offers to their customers, here is Digital Insight with their Promotion Suite for Mobile.

Digital Insight is demoing Promotion Suite for Mobile, an enhancement to Digital Insight’s current Promotion Suite that brings highly personalized, relevant, cross-sell offers from financial institutions to their customers. 
The new Promotion Suite for mobile extends financial institutions’ ability to create, manage, distribute, and measure targeted cross-sell campaigns that reach the right customers online or on their mobile device with the right products at the moment of truth. Extending Promotion Suite to the mobile channel greatly improves offer relevancy to deliver targeted offers anywhere, anytime, and on any device.
Presenting: Karishma Anand (Director of Product Management) and Marshall Yuan (Senior Product Manager)

Product Launch: Promotion Suite for mobile will be in the pilot stage by summer 2014 with limited availability by the end of 2014. Video integration will be in the pilot stage by the end of 2014 with limited availability in 2015.
Metrics: Digital Insight has a diversified customer base of over 1,000 financial institutions with over 11 million online banking and 4.8 million mobile banking end users across mobile devices. Digital Insight was acquired by NCR (NYSE: NCR) in January 2014.
Product distribution strategy: Through financial institutions
HQ: Menlo Park, CA
Founded: July 1995
Twitter: @digital_insight

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Realty Mogul Debuts its Crowdfunding Tool for Real Estate Investing

Realty Mogul Debuts its Crowdfunding Tool for Real Estate Investing
By David Penn Posted on
Categories: FinovateSpring 2014, Realty Mogul
Realty_Mogul_hi_res_FS2014

This post is part of our live coverage of FinovateSpring 2014.

Our next presenter is real estate crowdfunding innovator, Realty Mogul.

“Realty Mogul is crowdfunding for real estate, the world’s largest online marketplace for real estate lending. Investors are empowered by investor dashboards that standardize and streamline real estate investments across different real estate companies, countless geographies, real estate property types and the entire real estate capital stock. These dashboards allow investors 24/7 access to watch how their real estate investments are generating passive income for them.”
Presenting: Jay Samit (Executive Chairman) and Justin Hughes (CTO & Co-Founder)

Product Launch: March 2014
Metrics: The largest real estate crowdfunding company in the U.S., Realty Mogul has 15 employees and investments in over $100 million worth of real estate value.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: Beverly HIlls, California
Founded: May 2012
Website: realtymogul.com
Twitter: @realty_mogul

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Vorstack Launches VFS for Coordinated Cyber Defense

Vorstack Launches VFS for Coordinated Cyber Defense
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Vorstack
VorstackLogoNew

This post is part of our live coverage of FinovateSpring 2014.

Then, Vorstack demonstrated how its technology defends against cyber attacks:
“Vorstack’s VFS solution for financial services is a distributed analytics and correlation platform for multi-party coordinated cyber defense. We provide the control and auditability necessary to satisfy strict domestic and international privacy, anonymity, and compliance requirements. 
Our solution natively operates across emerging threat-sharing standards like STIX/TAXII to enable organizations to leverage public-private partnerships and ISACS to promote intelligence sharing. Vorstack’s solution provides a configurable channel for human intelligence collaboration complementing real-time data intelligence analysis.”
Presenting: Joe Eandi (CEO & Founder) and Mark Manning (VP Technical Services)
Product Launch: April 2014
Metrics: Over $5M raised to date, 15+ employees, deployed with multiple leading e-commerce and technology companies, launching with financial services in April 2014
Product distribution strategy: Direct to Business (B2B), licensed
HQ: Los Altos, CA
Founded: March 2011
Website: vorstack.com
Twitter: @vorstack

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