David Penn, Author at Finovate

ThetaRay Presents its Fraud and Credit Risk, Big Data Analytics Program

By David Penn Posted on September 17, 2015
Categories: FinovateFall 2015, ThetaRay

This post is part of our live coverage of FinovateFall 2015.

Our next demonstration is from ThetaRay.

Unmatched, anomaly-detection rates delivering usable indicators to increase efficiency and accuracy; industry-low false-positive rates allowing organizations to focus their experts on the events that count; rule-free, unsupervised, non-heuristic protection against next-generation attacks and predicting the unexpected; math-based, big-data analytics ensuring organizations achieve quantitative results they can trust; automatic, real-time detection to instantly transform data into business insights; easy and fast deployment that is always up-to-date, retaining the relevance and competitive advantage of organizations’ data.

Presenter: ThetaRay’s VP of Product, Udi Solomon

Product launch: April 2015

Metrics: $10 million raised Round A funding, August 2014; 28 employees
Product distribution strategy: B2B, via financial institutions and other fintech companies

HQ: Israel and United States
Founded: April 2013
Website: thetaray.com
Twitter: @ThetaRayTeam

Share this:

Send Post Twitter LinkedIn Facebook

Tranwall Presents Transaction Control for Business Technology

By David Penn Posted on September 17, 2015
Categories: FinovateFall 2015, Tranwall

This post is part of our live coverage of FinovateFall 2015.

Next up is the team from Tranwall.

The patented Tranwall system offers card-holders and -issuers the ability to control the status of debit and credit cards in real time. Tranwall also offers second-factor authentication on internet banking services using any mobile phone. The Tranwall system offers fine-grained control, at transaction level, over the approval of card transactions. The Tranwall platform is customizable, allowing for a variety of permissions to be defined and implemented.

Presenters: Gerard van de Par, director, sales, and Diederik Bruggink, payment expert

Product launch: April 2015

Metrics: 5 employees; 3 paying customers (2 banks, 1 fuel card)
Product distribution strategy: Direct to business (B2B); through other fintech companies and platforms; licensed

HQ: Amsterdam, Netherlands; Johannesburg, South Africa
Founded: February 2015
Website: tranwall.com

Share this:

Send Post Twitter LinkedIn Facebook

Novabase Launches MyWizzio, a Unique Smart Machine for Financial Advisers

By David Penn Posted on September 17, 2015
Categories: FinovateFall 2015, Novabase

This post is part of our live coverage of FinovateFall 2015.

The team from Novabase is up next.

MyWizzio, powered by IBM Watson, is a smart machine for financial advisers that provides a unique approach to drive sales and productivity. Built as an intelligent ecosystem of apps designed to leverage your existing tools and third parties, the solution adapts around each user’s context, using cognitive computing to achieve a higher level of performance when managing research, relationships, and sales. MyWizzio extends this tailored experience to the end-clients, creating a more holistic landscape with the right mix of self-service and direct-to-adviser engagement.

Presenters, left to right: Pedro Gaspar, director of innovation; Jay Wong, senior business developer

Product launch: MyWizzio is launching September 2015 at FinovateFall
Product distribution strategy: Direct to business (B2B)

HQ: Lisbon, Portugal
Founded: 1989
Website: wizzio.novabase.pt
Twitter: @wizzio_Novabase

Share this:

Send Post Twitter LinkedIn Facebook

RMS Presents Yap to Help FIs Generate Quality Leads

By David Penn Posted on September 17, 2015
Categories: FinovateFall 2015, RMS

This post is part of our live coverage of FinovateFall 2015.

Helping get our second session of the day started is the team from RMS.

YAP is a referral solution that is making it fast and easy for financial institutions to engage and reward account holders by generating highly qualified leads, enhancing account holder loyalty, and boosting brand awareness while saving financial institutions up to 35% of the cost of general acquisition marketing costs.

Presenters: Baron Unbehagen, CEO, and Matt Domanico, SVP, marketing

Product launch: October 2014

Metrics: RMS is privately owned and presently employs 21 full-time employees; the company services the efforts of more than 100 financial institutions to acquire new accounts across multiple product lines annually.
Product distribution strategy: Direct to business (B2B); through other fintech companies and platforms; licensed

HQ: Grapevine, Texas
Founded: January 1976
Website: goRMS.com

Share this:

Send Post Twitter LinkedIn Facebook

Finanteq Presents its SuperWallet with mCommerce Cloud

By David Penn Posted on September 17, 2015
Categories: Finanteq, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

Our final demonstration of the session features the team from Finanteq.

Superwallets are the next generation of mobile banking solutions, combining three important parts—banking, payments, and m-commerce—all in a single mobile app. FINANTEQ extends mobile banking with m-commerce platforms and services like bus tickets, parking feeds, everyday grocery shopping, bill payments, take-out food, coupons, offers, event tickets, flower post, hotel booking, taxis, trains, flights and many others, combined with banking and payments in one unified UX across all services.

Presenters: Artur Malek, marketing mgr.; Tomasz Perski, mCommerce operations mgr.; Kate Miroslaw, customer adviser

Product launch: 2014

Metrics: Company employs 100 professionals in Poland and the United States
Product distribution strategy: Direct to business (B2B)

HQ: Lublin, Poland
Founded: September 2014 (spinoff from eLeader)
Website: finanteq.com
Twitter: @finanteq

Share this:

Send Post Twitter LinkedIn Facebook

Eco-Mail Transforms Physical Mail into a Secure Digital Exchange System

By David Penn Posted on September 17, 2015
Categories: Eco-Mail, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

Making their way to the stage is the team from Eco-Mail.

Our exchange platform has two products: EMX Enterprise helps large businesses transform and distribute their physical mail in digital form. The Eco-Mail solution eliminates physical mail infrastructure, thereby driving tremendous savings and making your organization more digital, efficient, accountable, and customer-responsive.

EMX Consumer efficiently delivers compelling personalized content to destinations consumer already know, use, and trust. Eco-Mail’s revolutionary solution doesn’t disrupt existing consumer relationships: We enhance them for mailers, distributors, consumers, and payment processors.

Presenters: Jay Maller, CEO and founder; Chief Revenue Officer Roy Spinelli

Product launch: September 2015

Metrics: $1.6 million raised to date; 12 employees
Product distribution strategy: Direct to business (B2B); through financial institutions

HQ: Mt. Kisco, New York
Founded: 2012
Website: eco-mail.com
Twitter: @eco-mail

Share this:

Send Post Twitter LinkedIn Facebook

Dyme Launches its Text Message-based Savings Solution

By David Penn Posted on September 17, 2015
Categories: Dyme, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

The founder of Dyme “pay yourself” is our next presenter.

Dyme is demoing its primary service, focusing on text message interactions with the user. These texts are designed to help the user make small, in-the-moment contributions that nudge the user into saving toward long-term goals and savings.

Presenter: Joseph Prather, founder

Product launch: September 2015

Metrics: Raised ~$300,000 for beta test; 5 employees
Product distribution strategy: Direct to consumer (B2C); direct to business (B2B); through financial institutions

HQ: San Francisco, California
Founded: May 2014
Website: dyme.co
Twitter: @mydyme

Share this:

Send Post Twitter LinkedIn Facebook

Bleu Introduces its PoS Network to Help Speed the Transaction Process for Consumers

By David Penn Posted on September 17, 2015
Categories: Bleu, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

The team for Bleu is up next, demonstrating its Point of Sale Network solution.

Bleu facilitates mobile transactions by using Bluetooth low-energy beacons in our PoS Network. A beacon is a tiny wireless device that sends a Bluetooth signal to a customer’s Bleu app when they enter a store. The beacon connects the customer to the store and when the customer is ready to pay, they select their form of payment and the transaction is automatically completed. Bleu has patented a mobile transaction process using Bluetooth low-energy beacons, and has developed a proprietary mobile point-of-sale and consumer application. This fully integrated solution conducts transactions from any registered payment instrument.

Presenters: bleu CEO Sesie Bonsi and Brett Howell, VP, business development

Product launch: September 2015
Product distribution strategy: Direct to consumer (B2C); direct to business (B2B); through financial institutions; through other fintech companies and platforms

HQ: Los Angeles, California
Founded: October 2014
Website: bleuco.com

Share this:

Send Post Twitter LinkedIn Facebook

Big Data Scoring Helps Lenders Leverage Big Data to Make Better Credit Decisions

By David Penn Posted on September 17, 2015
Categories: Big Data Scoring, FinovateFall 2015

This post is part of our live coverage of FinovateFall 2015.

The team from Big Data Scoring is making its way to the stage next.

Our big data underwriting models have been used and tested for years and show an average 25% improvement in scoring accuracy over current best-in-class scoring models. For a lender, this translates directly into better credit quality and more clients. The solution can be easily integrated into any platform and the benefits are immediate. We also offer a risk-free testing opportunity.

Presenters: Erki Kert, CEO, co-founder; Meelis Kosk, head of sales

Product distribution strategy: Direct to business (B2B); licensed

HQ: Tallin, Estonia
Founded: February 2013
Website: bigdatascoring.com
Twitter: @bigdata_scoring

Share this:

Send Post Twitter LinkedIn Facebook

New Kapitall Holdings Introduces its Prize-linked Savings App for Millennials

By David Penn Posted on September 17, 2015
Categories: FinovateFall 2015, New Kapitall Holdings

This post is part of our live coverage of FinovateFall 2015.

Our next demonstration is led by Jeremy Pink, CEO of New Kapitall Holdings.

Introducing KapitallM, our new app based on a unique savings-first product modeled on the global success of prize-linked savings accounts or PLSAs.

A PLSA is a special savings account where you have a chance to win cash and prizes based on how much money you save. It’s designed for the millennial generation to secure its financial future by encouraging savings and paying down debt in a social, mobile, fun interaction. But we’ve added a few twists to the traditional PLSA in our new KapitallM app to include ways to win money by paying off student-loan debt and by simply testing your personal finance knowledge.

Presenter: Kapitall CEO Jeremy Pink

Product launch: September 2015

Metrics: $10 million raised (2014)
Product distribution strategy: Direct to consumer (B2C); direct to business (B2B); through financial institutions; through other fintech companies and platforms; licensed

HQ: New York City, New York
Founded: January 2014
Website: kapitall.com
Twitter: @kapitall

Share this:

Send Post Twitter LinkedIn Facebook

SaleMove Introduces OmniCall to Help Businesses Boost Online Customer Engagement

By David Penn Posted on September 17, 2015
Categories: SaleMove

This post is part of our live coverage of FinovateFall 2015.

Our second company of the morning is SaleMove.

The SaleMove Engagement Platform is comprised of a Visitor and Operator interface. The Visitor interface is the consumer-facing part of the platform that allows for website visitors to seamlessly engage with financial institutions. The Operator interface is the business-facing part of the platform that provides FIs with complete visibility and live engagement of visitors browsing the website.

OmniCall is SaleMove’s newest feature that is coming out of beta at FinovateFall 2015! It allows for an instant online engagement experience triggered by simply dialing a phone number.

Presenter: SaleMove CEO Daniel Michaeli, founder

Product launch: SaleMove OmniCall is launching September 2015 at FinovateFall

Metrics: ~$7M raised; +100 customers
Product distribution strategy: Direct to business (B2B)

HQ: New York City, New York
Founded: May 2012
Website: salemove.com
Twitter: @SaleMove

Share this:

Send Post Twitter LinkedIn Facebook

Trulioo Presents Global Gateway, its Bank-grade ID-verification Solution

By David Penn Posted on September 16, 2015
Categories: FinovateFall 2015, Trulioo

This post is part of our live coverage of FinovateFall 2015.

Our last live demonstration of the day is about Global Gateway from Trulioo.

Trulioo’s bank-grade identity-verification product, GlobalGateway, enables busineses to perform frictionless identity verification for more than 3 billion people in more than 40 countries via 145 data sources—the widest coverage in the market. GlobalGateway helps businesses comply with anti-money laundering (AML) and know your customer (KYC) identity-verification needs, and provides a reliable and trustworthy way for businesses to evaluate new and existing users through a single portal or normalized API.

Presenter: Anatoly Kvitnitsky, director, corporate development at Trulioo

Product Launch: August 2014

Metrics: 27 employees; $10M raised; three-plus billion profiles in more than 40 countries via 145 data sources; more than 100 million cyber identities scored
Product distribution strategy: Direct to business (B2B), through financial institutions

HQ: Vancouver, British Columbia, Canada
Founded: August 2011
Website: trulioo.com
Twitter: @Trulioo

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Blog

Author: David Penn

ThetaRay Presents its Fraud and Credit Risk, Big Data Analytics Program

Tranwall Presents Transaction Control for Business Technology

Novabase Launches MyWizzio, a Unique Smart Machine for Financial Advisers

RMS Presents Yap to Help FIs Generate Quality Leads

Finanteq Presents its SuperWallet with mCommerce Cloud

Eco-Mail Transforms Physical Mail into a Secure Digital Exchange System

Dyme Launches its Text Message-based Savings Solution

Bleu Introduces its PoS Network to Help Speed the Transaction Process for Consumers

Big Data Scoring Helps Lenders Leverage Big Data to Make Better Credit Decisions

New Kapitall Holdings Introduces its Prize-linked Savings App for Millennials

SaleMove Introduces OmniCall to Help Businesses Boost Online Customer Engagement

Trulioo Presents Global Gateway, its Bank-grade ID-verification Solution