Year: 2014

LendingRobot’s Algorithms Help Investors in P2P Marketplaces Get the Best Returns

LendingRobot’s Algorithms Help Investors in P2P Marketplaces Get the Best Returns
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, LendingRobot
LendingRobotLogo

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

Then, LendingRobot debuted its platform that helps investors in P2P marketplaces achieve better returns:
“Twenty-four hours a day, 7 days a week, LendingRobot uses machine-learning algorithms and real-time scoring to select and fund loans before they’re snatched up by institutional investors.”
Presenting: Emmanuel Marot (President) and Gilad Golan (CEO)
Product Launch: December 2013
Metrics: The amount of money invested through LendingRobot has been doubling every month since launch.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Seattle, WA
Founded: September 2012
Twitter: @LendingRobot

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Jumio’s Fastfill Combines Three Data Reading Capabilities to Automatically Fill Out Forms for Customers

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

JumioLogo.jpg

This post is part of our live coverage of FinovateSpring 2014.
Second up this morning, Jumio showed how Fastfill saves time spent filling out forms:
“When customers arrive at your sign-up or checkout form they see a “Scan ID” option in addition to traditional key entry fields. Your customer simply taps the “Scan ID” button, selects the ID they wish to use, and holds it up to their device camera. Fastfill scans the ID, extracts the data it contains, and feeds data into your new account form; it takes just a second or two. 
Our patented technology offers three different data reading capabilities: bar code, MRZ, and OCR to enable customer data to be extracted from any of three ID types issued by over 100 countries.”
Presenting: Mike Orlando (CSO) and Anthony Lanham (SVP Sales)
Product Launch: February 2014
Metrics: 204 employees
Product distribution strategy: Direct to Business (B2B)
HQ: Palo Alto, CA
Founded: February 2010
Website: jumio.com 
Twitter: @jumio

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Market Prophit’s Big Data Analytics Help Investors Generate Alpha Through Better Sentiment Analysis

Market Prophit’s Big Data Analytics Help Investors Generate Alpha Through Better Sentiment Analysis
By David Penn Posted on
Categories: FinovateSpring 2014, Market Prophit
Market_Prophit_hi_res_FS2014

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

Market Prophit is our next presenter. The company is showing its “Morningstar + Klout” solution for both retail and institutional investors and traders looking to improve the way they use sentiment analysis in their overall investing decisions.

“Market Prophit is demoing its full functionality with its recently launched proprietary quantitative blogger ranking system. Market Prophit quantitatively scores and ranks financial bloggers in social media based on the accuracy of their stock calls and track record of predictions. Using our unique ranking system, Market Prophit generates sentiment signals that have less noise than generic, crowd-based sentiment signals and generate more alpha based on historical back tests. 
Our innovation is the ability to take unstructured conversations and turn them into quantifiable measures of predictability and performance in real time, allowing for easy search and discovery of quality information by investors without having to wade through millions of messages.”
Presenting: Igor Gonta (CEO & Founder)

Product Launch: June 2013
Metrics: Self-funded; 2 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: New York, New York
Founded: January 2011
Twitter: @MarketProphit

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Stockpile Gift Cards Enable Consumers to Give the Gift of Stock Ownership

Stockpile Gift Cards Enable Consumers to Give the Gift of Stock Ownership
By David Penn Posted on
Categories: FinovateSpring 2014, Stockpile
stockpile_hi_res_FS2014

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

Stockpile is our next presenter. The Palo Alto-based company is demoing its Stockpile Gift Cards.

“For the first time ever, people are able to give a Gift Card of Stock for birthdays, graduations, Bar Mitzvahs, Christmas, and other occasions. Pick a company and dollar amount (say $50 of Apple) and pay with your credit card. The recipient gets their stock by entering a claim code and either logging into their Stockpile account or signing up for one.”
Presenting: Avi Lele (CEO) and Dan Schatt (Chief Commercial Officer)

Product Launch: June 2014
Metrics: $2.8 million; 11 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: Palo Alto, California
Founded: December 2010
Website: stockpile.com

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Ondot Systems Launches Mobile Prepaid Card Services

Ondot Systems Launches Mobile Prepaid Card Services
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Ondot
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This post is part of our live coverage of FinovateSpring 2014.

Then, Ondot Systems launched its Mobile Card Services:
“Ondot empowers cardholders to remotely control their existing credit and debit cards from a smartphone app. Cardholders can lock or unlock their cards, set usage controls by location, merchants, transaction types, and spend limits, and receive and respond instantly to alerts and offers. Ondot’s customers have reduced fraud costs by 60%, increased card revenue by 50%, and gained market share in high-growth consumer segments.”
Presenting: Vaduvur Bharghavan (CEO)
Product Launch: April 2014
Product distribution strategy: Through financial institutions, through other fintech companies and platforms
HQ: San Jose, CA
Founded: March 2011
Twitter: @ondotsystems

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New Loan Origination Technology from defi SOLUTIONS Ushers in Era of Auto Lending 3.0

New Loan Origination Technology from defi SOLUTIONS Ushers in Era of Auto Lending 3.0
By David Penn Posted on
Categories: defi Solutions, FinovateSpring 2014
defiSolutions_hi_res_FS2014

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

Our next presenter is defi SOLUTIONS, an innovator in the field of auto lending.

defi SOLUTIONS is taking auto lending to the next level with the industry’s first fully configurable LOS that can launch within days, not months. defi SOLUTIONS has introduced an intuitive, web-based system that provides lenders the ability to choose the functionality that is right for their company without costly development time. Lenders are able to instantly make changes to the defi system to meet changing market demands.
Presenting: Stephanie Alsbrooks (CEO & Founder) and Chris Holt (Senior Engineer, Automation)

Product Launch: August 2012
Metrics: defi SOLUTIONS launched its initial product in 2012 and has positive cash flow with approximate annual revenue of $1.7M for 2013. We have 15 employees, just hired 2 more, and have 5 more openings.
Product distribution strategy: Direct to Business (B2B)
HQ: Grapevine, TX
Founded: February 2012
Twitter: @defiSOLUTIONS

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CREALOGIX Brings E-Learning Management to its Digital Banking Suite

CREALOGIX Brings E-Learning Management to its Digital Banking Suite
By David Penn Posted on
Categories: CREALOGIX, FinovateSpring 2014
Crealogix_hi_res_FS2014

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

Coming up next to the stage is CREALOGIX. The Zurich-based company is the leading independent software house in Europe, and the market leader for digital banking in the Swiss market.

CREALOGIX has seamlessly integrated an e-learning management system into its online banking suite. The short interactive e-learning units are directly integrated into the transactions of online banking customers with the aim of combining regulatory compliance with the effortless development and enhancement of the financial expertise of customers in a unique manner by combining ramification and contextual compliance.
This creates a win-win situation for the bank and its customers. As a leading provider of comprehensive and advanced online banking and e-learning platforms, CREALOGIX is able to offer a unique and unprecedented degree of integration depth of the two areas separated until now.
Presenting: Geraldine Critchley (Head of Product Marketing) and Ivan Inderbitzin (Sr. E-Learning Author)

Product Launch: Q3 2014
Metrics: CHF 50M in sales, 270 employees, CHF 100M in market capitalization & listed on the SIX Swiss Exchange (CLXN)
Product distribution strategy: Direct to Business (B2B), licensed
HQ: Zurich, Switzerland
Founded: June 1996
Twitter: @CREALOGIX

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Verde International Debuts Aurora: a Next Gen Automated Loan Underwriting Optimization Engine

Verde International Debuts Aurora: a Next Gen Automated Loan Underwriting Optimization Engine
By David Penn Posted on
Categories: FinovateSpring 2014, Verde International
Verde_International_hi_res_FS2014

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

Our next presenter is Verde International, an innovator in the field of loan origination.

“Verde Aurora sets itself apart from the limited decision-making capability of today’s loan origination systems. You need more than a collection of filters and screens to guide a manual decision. Verde Aurora uses advanced behavioral models and projected cash flows to automate offers with rare staff involvement. Each loan is designed to maximize the opportunity for both shareholders and customers. This solution is equally effective across the full credit spectrum and is scalable for lenders of all sizes. In subprime space, it routinely increases approval rates fourfold, and in super prime, it more than doubles average ROA’s.”
Presenting: Patrick Reily (CEO & Co-Founder) and Robert Hughes (CEO, Finance and Thrift)

Product Launch: April 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
HQ: Atlanta, Georgia
Founded: June 2006

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ZenPayroll Makes Payroll Easier for Employers While Adding a Human Touch to Payday

ZenPayroll Makes Payroll Easier for Employers While Adding a Human Touch to Payday
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, ZenPayroll
ZenPayrollLogo

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

Second up, ZenPayroll demonstrated how it’s helping make payday easier for employers and more personal for employees:
“Payday is a special moment; it’s a chance for business owners to thank people for their contributions and for employees to feel appreciated. Compensation today is an impersonal, transactional event. 
Our team is unearthing the human side of compensation currently buried under layers of complexity and government bureaucracy. Payroll should be about people, not payments. At FinovateSpring, ZenPayroll is unveiling how payroll software can empower employees and help business owners build stronger teams.”
Presenting: Joshua Reeves (CEO & Co-Founder)

Product Launch: December 2012
Metrics: $26.1M in funding raised to date, processing over $500M in annual payroll
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: San Francisco, CA
Founded: October 2011 
Website: zenpayroll.com 
Twitter: @ZenPayroll
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Sureify Launches its Unbiased, Simple-to-Understand, Life Insurance Education Solution

Sureify Launches its Unbiased, Simple-to-Understand, Life Insurance Education Solution
By David Penn Posted on
Categories: FinovateSpring 2014, Sureify
sureify_hi_res_FS2014

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

The only, unbiased, third-party source for life insurance education online, Sureify, is making its way to the Finovate stage next.

“Sureify explains life insurance in a very simple way, gives consumers a free personal plan, and helps consumers take the next step in getting their life insured.
Sureify uses straightforward visuals, text, and videos to explain life insurance in everyday language. Whether a consumer prefers to read, watch a video, or just look at an educational image – Sureify enables consumers to learn the way that they learn best.
A big part of life insurance is understanding how much coverage you need. Within a few clicks, Sureify gives consumers a personal needs assessment, visually shows common life insurance options to explore, and provides a free personal plan to email or download.
Upon understanding what type of insurance you need and how much is desired, Sureify provides consumers with multiple options for next steps and allows them to take practical steps to get covered.”
Presenting: Dustin Yoder (CEO) and Chris Cichon (CMO)

Product Launch: April 2014
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, licensed agents
HQ: San Jose, California
Founded: March 2012
Website:sureify.com
Twitter: @sureify

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MShift’s AnyWhereMobile Can Increase Debit Card Revenue for FIs While Reducing Interchange for Merchants

MShift’s AnyWhereMobile Can Increase Debit Card Revenue for FIs While Reducing Interchange for Merchants
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, mShift
MShiftLogo

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

First to take the stage this session, MShift showed how AnyWhereMobile can bring debit card revenue to financial institutions while reducing interchange expenses for merchants: 
“AnyWhereMobile is a mobile payment network that will reverse the trend of Durbin and stabilize debit card margins for issuers while reducing interchange for merchants by 50%. AnyWhereMobile issuers will benefit from increased transaction volume, as merchants will be incentivized to steer a consumer’s tender choice to AnyWhereMobile. 
Our innovation creates a win-win-win for financial institutions, merchants, and consumers by fundamentally reducing the cost of a payment and passing the savings on to all three parties. AnyWhereMobile payments are authorized and secured at the point of sale in real time and have no dependency on any static card numbers.”
Presenting: Jeff Chen (VP Business Development) and Alan Finke (VP Engineering & Development)

Product Launch: August 2014 
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
HQ: Fremont, CA
Founded: January 1999
Website: mshift.com 

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D3 Banking’s Full Suite of Digital Banking Solutions Creates a Better Customer Experience

D3 Banking’s Full Suite of Digital Banking Solutions Creates a Better Customer Experience
By Julie Muhn (@julieschicktanz) Posted on
Categories: D3 Banking, FinovateSpring 2014
This post is part of our live coverage of FinovateSpring 2014.

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Last to demo this session, D3 Banking showed how its suite of digital services helps financial institutions create a better end user experience:

“D3 Banking reduces cost and complexity for financial institutions by providing a comprehensive set of digital banking services from a single-code base that can be accessed via laptop, smartphone or tablet. Our responsive web design frees FIs from the overhead associated with maintaining multiple applications for a variety of devices, screen sizes and operating systems. 
D3 Banking provides the customer with a simple, intuitive interface for all types of money movement and provides the FI with least-cost routing options. Our integrated financial management tools automatically categorize transactions to create customizable budgets for customers, and our powerful data-analytics engine helps FIs identify new revenue opportunities.”
Presenting: Mark Vipond (CEO) and Kevin O’Kane (CPO)
Product Launch: November 2013
Product distribution strategy: Direct to Business (B2B)
HQ: Omaha, NE
Founded: 2007
Website: d3banking.com
Twitter: @D3Banking

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