David Penn, Author at Finovate

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Finovate Blog

Author: David Penn

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

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