David Penn, Author at Finovate

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

From Bay Street Labs, Auvenir Transforms the Way Financial Audits Are Performed

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

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

The team from Auvenir makes its way to the stage.

Auvenir transforms and democratizes financial audits, enabling every auditing firm of every size to perform audits with the highest quality and efficiency. The intuitive web-based platform provides machine assistance to both client and auditor to accelerate the audit process and deepen intelligence for higher quality.

From staffing, to workflow, to automation and advanced analytics, Auvenir is the world’s most advanced and complete auditing platform.

Presenters: Peter Myers, CEO and co-founder; John Felske, CTO and co-founder; and Eziah Syed, co-founder

Share this:

Send Post Twitter LinkedIn Facebook

Fern Software Presents its API Banking CRM Software Service, BayTree

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

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

Midway through our final session of the day, here is the team from Fern Software.

BayTree is a developer-friendly, plug-and-play banking/CRM system for existing software to consume and work with the Fern data. With BayTree, Fern is introducing a new web application that offers limitless flexibility and customization options. The platform has a low barrier of entry for pricing while allowing for scaling up through the integration first and third-party modules to add functionality.

Presenters: Eamon Scullin, Fern’s CEO and founder; Adam Stirtan, software architect

Product Launch: August 2015

Metrics: Privately held company with 60+ employees globally
Product distribution strategy: Direct to business (B2B); certified partners

HQ: Australia, Canada, India, Ireland, Singapore, United Kingdom
Founded: December 1979
Website: fernsoftware.com
Twitter: @fernsoftware

Share this:

Send Post Twitter LinkedIn Facebook

Ormsby Street Presents its New Credit Risk Solution, CreditHQ

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

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

Our final demonstration of this session comes courtesy of Ormsby Street.

CreditHQ takes data from major credit-data suppliers and uses that to allow small businesses to check the credit status, payment performance, and financial health of the companies they invoice. The CreditHQ Insight Engine explains what each piece of information means within the context of the relationship that a business has, and gives options on what actions might be taken.

Presenter: Martin Campbell, managing director

Product launch: January 2015

Metrics: Ormsby Street is founded as a spinoff from BCSG, which owned a simple credit-risk product originally dating back to 2008. CreditHQ now has more than 26,000 customers in the United Kingdom with a weekly growth rate of 10%.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions

HQ: London, United Kingdom
Founded: February 2014
Website: ormsbystreet.com
Twitter: @ormsbystreet

Share this:

Send Post Twitter LinkedIn Facebook

Crowdability Launches its “Stock Screener” for Early Stage Private Companies

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

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

The co-CEOs of Crowdability are next.

CrowdabilityIQ is the world’s first independent “stock screener” for early stage private companies. It provides subscribers with a way to quickly identify the most promising private market investments.

Each day, the CrowdabilityIQ software automatically gathers and analyzes data about new startups that are raising capital on various funding platforms. After collecting data from the platforms and other online sources, CrowdabilityIQ prepares an easy-to-understand, 10- to 15-page research report on each investment opportunity, including a number of proprietary metrics and data points. Investors can use the CrowdabilityIQ interface to rapidly filter and surface reports and opportunities that are most suitable for their investment objectives.

Presenters: Crowdability’s Co-CEOs Matthew Milner and Wayne Mulligan

Product Launch: September 2015

Metrics: $1 million raised; 50,000+ subscribers
Product distribution strategy: Direct to Consumer (B2C)

HQ: New York City, New York
Founded: March 2014
Website: crowdability.com
Twitter: @crowdability

Share this:

Send Post Twitter LinkedIn Facebook

Alpine Data Introduces Touchpoints to Help Businesses Gain Insights from Big Data

By David Penn Posted on September 16, 2015
Categories: Alpine Data Labs, FinovateFall 2015

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

Our next demonstration is from Alpine Data Labs.

Alpine Touchpoints allow businesses to scale their data-science efforts by bringing insights directly to business users. Touchpoints’ individual, configurable experiences allow users to gain access to powerful predictive and machine learning models without ever touching the data.

Presenters: Steven Hillion, chief product officer, co-founder; Josh Lewis, VP, industry applications

Product Launch: September 2015

Metrics:$32 million raised; 50 employees
Product distribution strategy: Direct to Business (B2B)

HQ: San Francisco, California
Founded: 2011
Website: alpinenow.com
Twitter: @AlpineData

Share this:

Send Post Twitter LinkedIn Facebook

Capriza Helps Businesses Go Mobile without Coding, Integrations, or APIs

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

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

Making their way to the stage next is the team from Capriza.

Capriza’s end-to-end simplification platform enables IT and lines of business to mobile-enable critical business workflows in a matter of days without any coding, APIs, or integration. The solution is applicable for packaged applications such as SAP, Oracle, Salesforce, as well as custom-built solutions. Capriza disrupts the speed and economics of the journey by extending the capability of legacy applications, in a simple and useable way, onto any smartphone, tablet, or desktop.

Presenters: Ivan Prafder, VP, regional business development, and Stephen Insdorf, senior solutions engineer, seated

Metrics: Capriza is venture-backed funded by Andreesson Horowitz, Charles River Ventures, and Tenaya Capital with a total raise to date of $53 million. Capriza has offices in North America and Europe, with 51-100 employees in each who are fluent in English, Mandarin, French, and Spanish.
Product distribution strategy: Direct to Business (B2B)

HQ: Palo Alto, California
Founded: July 2011
Website: capriza.com
Twitter: @Capriza

Share this:

Send Post Twitter LinkedIn Facebook

moBills from Walletron Gives Billers a New Payment and Presentment Channel via Smartphone

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

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

Making its way to the stage next is the CEO of Walletron.

Walletron’s moBills allows billers to open a new payment and presentment channel in a centralized location on smartphones. Customers receive in their mobile wallet an updated, branded bill, their moBill, every month. Ongoing notifications remind customers to pay, confirm processed payments, and light up users’ devices when their next bill arrives. Payments occur in only a couple of taps.

Once enrolled in moBills, consumers remain authenticated and no further login is required. Full PDF statements can be viewed on users’ phones, and billers now have an immediate connection to customers other than the (often lost or deleted) email. moBills finally provides billers with a true alternative to paper statements.

Presenter: CEO Garrett Baird

Product Launch: April 2015
Metrics: 2 million-plus wallet items added by users, bootstrapped to date
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Philadelphia, Pennsylvania
Founded: 2013
Website: walletron.com

Share this:

Send Post Twitter LinkedIn Facebook

Adobe Presents Adobe Experience Manager Forms, Turning Complex Document Transactions into Engaging Experiences

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

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

Starting us off after the lunch break here on day one of Finovate is the team from Adobe.

With Adobe Experience Manager Forms, financial institutions can transform complex form and document transactions into simple, engaging digital experiences—anywhere, anytime, on any device—improving user experiences, increasing operational efficiencies, and reducing paper and manual processes.

By leveraging the Adobe Marketing Cloud, financial institutions can efficiently personalize and optimize digital form and document experiences for clients and prospects, increasing satisfaction, brand loyalty, and conversion rates. Automatically inserting targeted-offers into form-and-document experiences increases cross-sell rates, while personalizing communications through preferred channels helps deepen relationships.

Adobe presenters: Chris Young, director, financial services strategy, and Neal Wadhwani, principal, financial services solutions

Product Launch: May 2015
Metrics: As one of the largest software companies in the world, Adobe achieved revenues of more than $4 billion USD in 2013. Headquartered in San Jose, Calif., our stock is traded on the NASDAQ Stock Market under the symbol ADBE.
Product distribution strategy: Direct to Business (B2B)

HQ: San Jose, California
Founded: 1982
Website: adobe.com
Twitter: @AdobeMktgCloud

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Blog

Author: David Penn

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

From Bay Street Labs, Auvenir Transforms the Way Financial Audits Are Performed

Fern Software Presents its API Banking CRM Software Service, BayTree

Ormsby Street Presents its New Credit Risk Solution, CreditHQ

Crowdability Launches its “Stock Screener” for Early Stage Private Companies

Alpine Data Introduces Touchpoints to Help Businesses Gain Insights from Big Data

Capriza Helps Businesses Go Mobile without Coding, Integrations, or APIs

moBills from Walletron Gives Billers a New Payment and Presentment Channel via Smartphone

Adobe Presents Adobe Experience Manager Forms, Turning Complex Document Transactions into Engaging Experiences