Year: 2014

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

Share this:

Send Post Twitter LinkedIn Facebook

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

Share this:

Send Post Twitter LinkedIn Facebook

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

Share this:

Send Post Twitter LinkedIn Facebook

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

Share this:

Send Post Twitter LinkedIn Facebook

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

Share this:

Send Post Twitter LinkedIn Facebook

Loop’s Mobile Wallet Solution Provides Secure Card Storage and Pay Everywhere Functionality

By David Penn Posted on
Categories: FinovateSpring 2014, Loop

Loop_logo.jpg

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

Making its way to the stage right now is Loop, demoing its LoopWallet, Loop AppCessories, and Magnetic Secure Transmission (MST) technology.

“Today, consumers’ wallets are stuffed with payment, gift, loyalty, membership, IDs, insurance cards and more. The LoopWallet app allows consumers to securely scan, store, and organize all their cards and use them to pay with their Loop-enabled smartphone or smart accessories nearly  everywhere credit cards are accepted.”
Presenting: Will Graylin (CEO) and Greg Ewald (VP Marketing)

Product Launch: Kickstarter (October 8, 2013); Kickstarter shipments (January 23, 2014); general availability (February 19, 2014)
Metrics: $12 million in Round A; 36 employees; pre-revenue
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
HQ: Burlington, Massachusetts
Founded: August 2013
Website: looppay.com
Twitter: @looppay

Share this:

Send Post Twitter LinkedIn Facebook

Roostify’s Technology Aims to Disrupt the Mortgage Application Process

Roostify’s Technology Aims to Disrupt the Mortgage Application Process
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateSpring 2014, Roostify
RoostifyLogo

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

Next, Roostify demonstrated how its service is making it easier for borrowers to apply for a mortgage:
“Roostify offers a web and mobile service designed to enhance home financing, making it easier for buyers and lenders to navigate the frustrating and time-consuming process to apply for and close a mortgage. 
Developed by technology, real estate, and mortgage banking experts, Roostify’s secure interface allows borrowers to easily apply for a mortgage and all parties involved to share and track information, documents, and transactions seamlessly – leading to a faster and smoother mortgage closing.”
Presenters: Rajesh Bhat (CEO & Co-Founder) and Jonathan Kirst (Lead Engineer & Co-Founder)
Product Launch: January 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Burlingame, CA
Founded: March 2013
Website: roostify.com
Twitter: @roostify

Share this:

Send Post Twitter LinkedIn Facebook

IntelliResponse Leverages its Virtual Agent Technology to Build a Better Offer

IntelliResponse Leverages its Virtual Agent Technology to Build a Better Offer
By David Penn Posted on
Categories: FinovateSpring 2014, IntelliResponse
Intelliresponse_hi_res_FS2014

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

Our next presenter is the team from IntelliResponse with a pair of solutions based around its virtual-agent technology: VOICES and OFFERS.

“VOICES is the first and only Voice-of-the-Customer technology designed to help enterprises visualize and derive actionable insight from customer questions posed on digital channels. VOICES captures and automates authentic Voice-of-the-Customer data from client interactions across web, mobile, agent, and social channels and transforms it into a collection of customer insights.
OFFERS turbocharges the online offers approach by increasing the precision and relevance of targeted offers, resulting in increased conversion in orders of magnitude not possible with traditional approaches. When a customer asks a question via our virtual agent, in addition to getting the one right answer, the customer also receives the one right offer.”
Presenting: David Lloyd (CEO & President) and Paul Smith (VP Product & Services)

Product Launch: June 2013 & April 2014
Metrics: 75 employees; 450+ live customer-facing implementations
Product distribution strategy: Direct to Business (B2B)
HQ: Toronto, Ontario, Canada
Founded: 2000
Twitter: @IntelliResponse

Share this:

Send Post Twitter LinkedIn Facebook

LendingTree Debuts New LoanExplorer-Powered Mobile App

LendingTree Debuts New LoanExplorer-Powered Mobile App
By David Penn Posted on
Categories: FinovateSpring 2014, LendingTree
lendingtree_hi_res_FS2014

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

Making their way to the Finovate stage now is the team from LendingTree. The company has facilitated more than 30 million loan request and $214 billion in closed-loan transactions.

“LendingTree’s new mobile app empowers consumers to find the best deal on a home loan. Through LendingTree’s Loan Explorer platform, which tracks real-time loan offers, the mobile app analyzes a user’s current loan offer and compares it to real-time offers being made by lenders on the LendingTree network based on available interest rates, fees, charges, and monthly payments.
The easy-to-use app allows users to submit data found in the Good Faith Estimate (GFE) of a consumer’s current loan offer. The tool then analyzes the interest rate, origination fees, and monthly payments to identify possible areas for improvement. Using interactive charts, consumers can see where and how their current offer might be improved and receive negotiating tips for getting a better deal. Additionally, the app displays several real-time offers from lenders that may be able to provide a better deal, compete with contact details and customer ratings and reviews.”
Presenting: Doug Lebda (CEO & Founder) and Nikul Patel (Chief Product Officer)

Product Launch: April 2014
Metrics: Employees: 204; Full Year 2013 Revenue: $136.24 million; unique visitors: approximately 3 million per month; NASDAQ: TREE; Market Cap: $376.4 million
Product distribution strategy: Direct to Consumer (B2C)
HQ: Charlotte, North Carolina
Founded: June 1996
Twitter: @LendingTree

Share this:

Send Post Twitter LinkedIn Facebook

Motif Investing Unveils its Advisor Platform to Streamline Portfolio Building, Monitoring, and Rebalancing

By David Penn Posted on
Categories: FinovateSpring 2014, Motif Investing

Thumbnail image for motiflogo.jpgThis post is part of our live coverage of FinovateSpring 2014.

Making their way to the stage is Motif Investing, demoing their Motif Advisor Platform for financial advisors.
“Motif Investing is debuting a new, groundbreaking platform for investment advisors that will transform the way they conduct business and interact with clients. The Motif Advisor Platform dramatically streamlines how advisors build, monitor, and rebalance model portfolios around various asset classes so they can provide the highest level of service to clients. They will also have the ability to share market insights and portfolio updates with their clients through user-friendly social technology.”

Presenting: Hardeep Walia (CEO & Co-Founder) and Ramak Fazeli (Manager, Advisor Svcs & Sales)

Product Launch: Beta launch date February 3, 2014
Metrics: Motif Investing has raised $51 million to date and has 52 FTEs.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: San Mateo, California
Founded: June 2010
Twitter: @MotifInvesting

Share this:

Send Post Twitter LinkedIn Facebook

EyeVerify Brings Eye Vein Biometrics to the Mobile Consumer Market

EyeVerify Brings Eye Vein Biometrics to the Mobile Consumer Market
By David Penn Posted on
Categories: EyeVerify, FinovateSpring 2014
EyeVerify_hi_res_FS2014

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

Our next presenter is biometric authentication specialist, EyeVerify.

“EyeVerify is the exclusive provider of Eyeprint Verification, a highly accurate and secure biometric for mobile devices. Eyeprint Verification delivers a password-free mobile experience and secure authentication at a glance. This patented solution uses existing cameras on smartphones to image and pattern match the blood vessels in the whites of the eye.”
Presenting: Toby Rush (CEO & Founder) and Chris Barnett (EVP Global Sales & Marketing)

Product Launch: June 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Kansas City, Kansas
Founded: January 2012
Website: eyeverify.com
Twitter: @eyeverify

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– April 29, 2014

By David Penn Posted on
Categories: ACI Worldwide, Financial Guard, Fiserv
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinovateSpring 2014 starts today! Be sure to follow our Live Blog here at Finovate.com, as well as our Live Twitter feed #Finovate.
  • Financial Guard introduces enhanced fee transparency tool.
  • ACI Worldwide to offer its ACI UP Token Manager as Saas for debit issuers.
  • US Bancorp is the first large bank to provide Fiserv’s Popmoney Instant Payments. See Fiserv demo at FinovateSpring.
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.

Share this:

Send Post Twitter LinkedIn Facebook