Author: David Penn

FinovateFall Sneak Peek: Blockstack.io

FinovateFall Sneak Peek: Blockstack.io
By David Penn Posted on
Categories: Blockstack, FinovateFall 2015 Sneak Peek

Blockstackio_homepage

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Pick up your tickets to our annual autumn conference here, and we’ll see you in New York!

BlockstackioLogoBlockstack.io offers a blockchain software platform for financial services firms and other enterprises to build applications on a private blockchain quickly and easily.

Features:

  • Enterprise-ready, private blockchains
  • Simple APIs to access sophisticated blockchain functionality
  • Private Blockstack.io ready in minutes

Why it’s great

Blockstack.io has everything you need to build and run an enterprise blockchain application right now.

Presenters

Blockstackio_PShiauPeter Shiau, CEO and co-founder
Formerly with Standard Chartered Bank’s Innovation office in San Francisco, Shiau has 20 years of software experience in both startups and enterprises, including AOL and VeriSign.
LinkedIn

 

Blockstackio_LSaarLior Saar, CPO and co-founder
Formerly co-founder @CryptoCorp; developer @Alt12Apps, @Songbird, @Gravity Mobile (now owned by Gracenote)
LinkedIn

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FinovateFall Sneak Peek: Kofax from Lexmark

FinovateFall Sneak Peek: Kofax from Lexmark
By David Penn Posted on
Categories: FinovateFall 2015 Sneak Peek, Kofax, Lexmark

Kofax_Lexmark_homepage

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Pick up your tickets to our annual autumn conference here and we’ll see you in New York!

KofaxLexmark_logo Kofax’s (a Lexmark company) latest innovation in customer onboarding is a voice-driven, customer experience incorporating mobile capture, authentication, workflow, instant decisioning, and digital signature capture.

Features of Kofax:

  • Fast and simple mobile onboarding
  • Convenience of voice-driven activation
  • Collaborative eSign video session

Why it’s great

Kofax delivers a mobile onboarding experience driven by interactive and instructive natural voice recognition with a virtual collaboration session to eSign an application instantly.

Presenters

KofaxLexmark_DCollinsDarren Collins, Global Director, Financial Services and Insurance
Collins is responsible for strategy and providing thought leadership to global organizations in financial services. He assists organizations by mapping technical solutions to key business problems.
LinkedIn

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FinovateFall Sneak Peek: ebankIT

FinovateFall Sneak Peek: ebankIT
By David Penn Posted on
Categories: ebankIT, FinovateFall 2015 Sneak Peek

ebankit_homepage_Aug2015

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Pick up your tickets to our annual autumn conference here, and we’ll see you in New York!

ebankIT_logoebankIT is an omnichannel banking software company, providing innovative solutions with multi-core integration and centralized management, allowing banks to communicate more efficiently with their clients.

Features of omnichannel and social banking:

  • Provide seamless access to financial products and services
  • Allow banks to extend its customers network
  • Works on any device and wearable technology

Why it’s great

Omnichannel and social banking provides a consistent experience across channels, providing customers with seamless access to financial products and services.

Presenters

ebankit_JoaoPintoJoao Lima Pinto, Director
Pinto is ebankIT’s director, with nearly 20 years of solid experience in the financial sector, actively participating in the design and implementation of innovative omnichannel solutions.
LinkedIn

 

 

ebankit_silviabarbosaSilvia Barbosa, Market Manager
Barbosa is the market manager and omnichannel specialist at ebankIT, having several years of experience in consulting and business analysis in the financial sector.
LinkedIn

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FinovateFall Sneak Peek: PaySwag

FinovateFall Sneak Peek: PaySwag
By David Penn Posted on
Categories: FinovateFall 2015 Sneak Peek, PaySwag

 

PaySwag_homepage

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Pick up your tickets to our annual autumn conference here, and we’ll see you in New York!

PaySwag_logoPaySwag is the white-labeled mobile app that brings a playful approach to the collections process through its cash or card payment, reward, education, and feedback engines.

Features:

  • Includes educational videos, games, and payment reminders
  • Users are rewarded for paying on time and communicating
  • Users can pay by cash at more than 17,000 locations

Why it’s great

PaySwag provides the tools for timely payments through mobile access and cash options. Using gamification to transform collections, payments become more accessible, rewarding, and likely.

Presenters

PaySwag_MHaynesMax Haynes, Founder and CEO
Haynes has spent more than two decades disrupting traditional financial models to accelerate opportunities in the lending, real estate, banking and private finance sectors.
LinkedIn

 

 

PaySwag_MMillerMark Miller, Founder and Chief Technology Officer
Miller oversees the platform’s global development team and translates the corporate vision into a product that delivers on the promise of empowering underbanked customers.
LinkedIn

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FinovateFall Sneak Peek: RMS

FinovateFall Sneak Peek: RMS
By David Penn Posted on
Categories: FinovateFall 2015 Sneak Peek, RMS

RMS_homepage

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Pick up your tickets to our annual autumn conference here, and we’ll see you in New York!

RMS_logoRMS is an engagement solution provider focused on acquisition, cross-sell, rewards and referral marketing solutions for financial institutions. Our featured referral solution is presently YAP.

Features

  • YAP supports one or all lines of business simultaneously
  • Real-time performance analytics provide your performance impact
  • Leverages incentives of any type and price, per tier

Why it’s Great

RMS’s referral solution YAP delivers an engaging way for financial institutions to reward accountholders while generating valuable leads, saving up to 35% on acquisition costs.

Presenters

Baron Unbehagen, CEO
Unbehagen is behind RMS’s product strategies and overall vision. Previously, he spent over 20 years working with financial services companies in self-service channels and payments.
LinkedIn

Matt Domanico, SVP, Marketing
Domanico heads up marketing, program management, and product design. He brings 20 years experience in the financial services industry driving successful marketing and product strategies.
LinkedIn

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FinovateFall Sneak Peek: North Side

FinovateFall Sneak Peek: North Side
By David Penn Posted on
Categories: FinovateFall 2015 Sneak Peek, North Side

NorthSide_homepage

The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Pick up your tickets to our annual autumn conference here, and we’ll see you in New York!

NorthSide_logoNorth Side enables customers to use their own words (speech or typing) to access your applications and information. Customers can clarify their intent naturally, using conversation.

Features:

  • Customers get precise, cost-effective, self-help online
  • Mobile and web transactions transacted through speech or typing
  • Know your customers better and sell them what they need.

Why it’s great

VerbalAccess enables customers to access your products and services conversationally, get precise answers to questions, and conduct transactions easily, using their own words.

Presenters

This is #1 !Eugene Joseph, CEO
Joseph has developed intuitive person-computer interfaces for the last 30 years: Natural Language Understanding tech at North Side and interactive dynamics graphics software at Virtual Prototypes.
LinkedIn

 

Christian Lemieux, Technology Evangelist
With a strong background in linguistics, Lemieux works on various facets of the North Side NLU pipeline and semantic databases, and occasionally presents them publicly.

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Finovate Alumni News

By David Penn Posted on
Categories: Betterment, Blockchain, PayPal, Prosper, SigFig, Top Image Systems, Zopa

Around the web

  • Zopa CEO Giles Andrews quoted in The Financial Times column on the growth of P2P lending in Asia.
  • Daily Fintech looks at SigFig and its turn toward a B2B business model in the wake of the Yodlee acquisition.
  • Consumer Reports calls Betterment a “top 5” in customer service.
  • Top Image Systems announces “multiyear, multimillion” deal with a “top 5 U.S. bank”
  • Hot Topic names multiple Finovate and FinDEVr alum leaders in its list of top 100 in the industry.
  • Blockchain achieves 4 million bitcoin wallets.
  • Prosper moves into new headquarters after growing from 88 to 500 employees since 2013.
  • PayPal ranks in the top 5 of payments companies based on market cap.

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.

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LoopPay-powered Samsung Pay Launches

LoopPay-powered Samsung Pay Launches
By David Penn Posted on
Categories: Loop

LoopPay_homepage_2015

Move over, Apple Pay. Featuring technology from Finovate Best of Show winner LoopPay, Samsung’s Samsung Pay mobile payment service is on its way. We spotted founder Will Grayling on the CBS Evening News last night demoing the technology at a Manhattan retailer.

Samsung’s decision to acquire LoopPay in February for $250 million clearly signifies that Samsung is stepping up to the challenge of Apple’s mobile payment technology, Apple Pay. Samsung has since announced its unique take on mobile payments will launch in South Korea on 20 August and in the United States on 28 September. Next up: Launches in Spain and China.

Samsung Pay will be preloaded on Galaxy S6 Edge+ and Galaxy Note 5. The technology will be available for free download on Galaxy S6 and S6 Edge.

Loop_stage_FS2014

CEO Will Graylin demonstrated LoopPay’s mobile payment technology at FinovateSpring 2014 in San Jose.

LoopPay’s magnetic secure transmission (MST) technology enables mobile devices to communicate with the mag-stripe readers of point-of-sale payment terminals. By placing the mobile device near the reader, consumers can pay for purchases with a variety of stored credit and debit cards (although LoopPay is quick to point out that due to tokenization, no credit or debit information is stored on the device or actually transmitted during the transaction).

Authentication comes courtesy of either fingerprint, or pass-code. MST technology—being compatible with much of the existing POS technology—differentiates it from Apple Pay which relies solely on near field communication (NFC) to transmit information; Samsung Pay uses both NFC and MST.

Read more about the differences between Apple Pay and Samsung Pay (with Android Pay thrown in for good measure) here.

Talking about his company’s acquisition by Samsung shortly after the announcement, LoopPay CEO Will Graylin pointed out that Apple Pay wasn’t in mind when his company and Samsung began working together.

“A lot of the focus was really ‘How do we solve a bigger problem, which is consumer adoption,'” Graylin said in an interview with USA Today. “Consumers are not going to adopt if they can’t use a vast majority of their cards at a vast majority of merchants.”

LoopPay was founded in August 2013 and, post-acquisition, remains headquartered in Boston, Massachusetts. The company won Best of Show at FinovateSpring 2014 for its demonstration of Loop and LoopWallet.

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Finovate Alumni News

By David Penn Posted on
Categories: Betterment, Encap, Loop, mShift, PayPal, Realty Mogul, SocietyOne, ThreatMetrix, Xero

On Finovate.com

  • “LoopPay-powered Samsung Pay Launches“

Around the web

  • MSN Money interviews Betterment CEO Jon Stein on the relationship between Baby Boomers and robo-advisors.
  • Xero announces plan to help SMEs get bank loans.
  • Jessica Ellerm talks with Mitchel Harad, SocietyOne CMO.
  • Discussion on multifactor authentication features insights from Thomas Bostrom Jorgensen, CEO of Encap Security.
  • Fox News looks at Realty Mogul in a feature on real estate investing for non-millionaires.
  • Blackberry selects PayPal for its P2P Payments provider.
  • ThreatMetrix appoints Armen Najarian as chief marketing officer.
  • Team One Credit Union and Mshift expand pilot tests of MShift’s AnyWhereMobile by bringing more merchants on board.

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.

 

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New Investment in Tyfone Takes Total Capital to $12 Million

New Investment in Tyfone Takes Total Capital to $12 Million
By David Penn Posted on
Categories: Tyfone

Tyfone_homepage_Aug2015

Mobile banking specialist Tyfone has more than doubled its total capital, courtesy of a summer funding round led by RPX Corporation.

The $6.6 million investment from RPX Corporation and existing investors—such as In-Q-Tel and individual investors like Steve Pawlowski and David Petraeus—puts Tyfone’s total capital at $12 million. The funds will be used to help speed the worldwide deployment of Tyfone’s ID- and transaction-security platform, and further develop the company’s banking and payment products for FIs.

Siva G. Narendra, Tyfone CEO, pointed to his company’s embrace of both biometric identity data and what he calls “securing the transaction data at the point of origin” as a difference-maker in the industry. Narendra said this “fundamentally [changes] the way companies and institutions address cybersecurity and transaction threats, be it for banking, payment or any enterprise applications.” Serving customers in a variety of industries, from banking and commerce to healthcare and government, Tyfone’s U4i1 platform and Connected Smart Card provide both a high-level identity-authentication via decentralized private keys, as well as more traditional security via single-use passwords and software keys.

Tyfone_homepage2_Aug2015

With more than 100 issued and pending patents and customers including two of the top-10 credit unions in the U.S., Tyfone was named one of the “10 Most Promising Mobile Banking Solutions Providers for 2015” by Banking CIO Outlook in July. The company is the first equity investment by RPX Corporation, according to the Portland Business Journal, which has been following the funding round since May. Geoffrey Barker, co-founder and executive director of RPX, joins Tyfone’s board of directors as part of the deal.

Founded in 2004 and headquartered in Portland, Oregon, Tyfone demonstrated its Mobile Contactless Payments with Memory Card solution at FinovateSpring 2008 in San Francisco.

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Finovate Alumni News

By David Penn Posted on
Categories: 3E Software, Avoka, Backbase, Bluefin Payment Systems, Cardlytics, CrowdFlower, Dwolla, FIS, Kabbage, Lending Club, Prosper, Tradeshift, Tyfone, WePay

On Finovate.com

  • “FinDEVr San Francisco Very-Early-Bird Ticket Discount Ends Friday“
  • “Finovate Debuts: 3E Software’s Teslar is a Toolbox for Credit Management”
  • “New Investment in Tyfone Takes Total Capital to $12 Million”

Around the web

  • FIS to purchase SunGard for $9.1 billion.
  • Lending Club launches its Open Integration program, unveiling a suite of APIs for online advisers and broker-dealers.
  • In Gartner’s latest report, Backbase scores twice in the top 5 for the B2C Informational and B2C Transactional use cases.
  • Bluefin Payment Systems partners with EchoSat to protect point-of-sale systems from security breaches.
  • Inc. ranks Kabbage as 36, WePay as 62, Prosper as 86, and Cardlytics as 88 in a list of the 5,000 fastest-growing private companies in America.
  • Column in Stars and Stripes highlights CrowdFlower in discussion on micro-work.
  • TradeShift to acquire Merchantry for $30 million.
  • Dwolla adds two-factor authentication for full account holders.

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.

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Mogl Earns $8 Million Investment Ahead of FinovateFall Debut

Mogl Earns $8 Million Investment Ahead of FinovateFall Debut
By David Penn Posted on
Categories: Mogl

Mogl_homepage_Aug2015

E-commerce innovator Mogl raised $8 million in new funding. The investment was led by Aequitas Capital Management and featured participation by Avalon Ventures, Correlation Ventures, Monroe Capital, Moore Venture Partners, Sigma Partners, and Sysco Ventures.

Mogl’s total capital now stands at more than $50 million. The company says the additional funding will help Mogl build out its Mogl Network. The network closes the gap between online advertising and offline purchases, providing cash back for dining at selected restaurants.

Quoted in Let’s Talk Payments, Mogl CEO Jon Carder said, “When I show the Mogl Network to experts in the space, they’re excited that there is a solution that is so simple and easy for both merchants and consumers. It finally connects the online world to the offline world.”

Mogl specializes in a field called Online-to-Offline Commerce. Thanks to partnerships with companies like Visa, MasterCard, and American Express, the Mogl Network is able to track a consumer from the moment they see an online ad to the moment they make the offline purchase. The Network works when offline merchants display offers and rewards on websites and apps of those participating in the Network. Consumers see and select the offer, then link their debit or credit card to the website or app, so that when the purchase is made offline, the reward can be credited instantly. Mogl serves 40 million cardholders and has 20,000 merchants in its network

Founded in 2010 and based in San Diego, California, Mogl will make its Finovate debut at FinovateFall 2015 in New York City next month. To see Mogl and more than 70 other fintech innovators live on stage, visit our FinovateFall 2015 page and pick up your ticket today.

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