FinovateSpring 2015 Sneak Peek: Part 8

FinovateSpring 2015 Sneak Peek: Part 8

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Today marks our final Sneak Peek preview. We hope you’ve enjoyed the opportunity to get to know a little about the companies that will be taking the stage at FinovateSpring 2015.

Register today to see and meet these innovators in person on 12/13 May at our upcoming conference in San Jose, California.

If you’ve missed an edition, our complete Sneak Peek series for FinovateSpring 2015 is below:

And now let us introduce you to the final fourteen companies of FinovateSpring 2015. See you in San Jose!


FS2015_Finaeos_logoFinaeos automates the back office and capital-raising compliance.

Why it’s great
Serves the demand for new ways to invest, save, and generate income by investors across the globe.

  • Founded: 2015
  • HQ: Victoria, British Columbia, Canada

FS2015_Finicity_logoFinicity helps developers build powerful apps to drive financial software innovation.

Why it’s great
TXPUSH Interface to the Finicity API Platform.

  • Founded: 1999
  • HQ: Salt Lake City, Utah

FS2015_MoneyAmigo_logoMoney Amigo is a social money interaction platform that solves the lack of simple and clustered services for the unbanked and underbanked.

Why it’s great
Money Amigo makes managing money fast, fair, and friendly.

  • Founded: 2015
  • HQ: Las Vegas, Nevada

FS2015_Ondot_logoOndot Systems builds white-label solutions that enable financial institutions to provide security and convenience for their customers.

Why it’s great
Our platform brings innovation to mobile card services.

  • Founded: 2011
  • HQ: San Jose, California

FS2015_Onovative_logoOnovative’s powerfully simple marketing automation software helps financial institutions meet the challenge of cross-selling current customers.

Why it’s great
Onovative provides banks and credit unions with modern APIs and a simple UI to help them grow.

  • Founded: 2013
  • HQ: Jeffersonville, Indiana

FS2015_Outski_logoOutski’s platform improves employee health and wellness, increases productivity, and reduces job-related stress.

Why it’s great
Outski helps companies improve margins and reduce costs by focusing on the health and well-being of their employees.

  • Founded: 2013
  • HQ: Tucson, Arizona

FS2015_PrairieCloudware_logoPrairie Cloudware provides a comprehensive set of omnichannel, digital payment services to solve the need for more security, convenience, and control when purchasing goods and services online and in-store.

Why it’s great
We are a cloud-based, open platform that allows consumers to access and use their preferred payment mechanisms and accounts via the financial institution’s digital channels.

  • Founded: 2012
  • HQ: Omaha, Nebraska

FS2015_Slice_logoSlice’s technology provides item-level purchase-data across the largest base of online consumers (two million and counting).

Why it’s great
Slice’s one-of-a-kind Purchase Graph technology.

  • Founded: 2010
  • HQ: Palo Alto, California

FS2015_SmartAsset_logoSmartAsset provides a tools-and-content platform to give consumers personalized and actionable advice.

Why it’s great
Leverage our Automated Financial Modeling technology to make significant personal finance decisions.

  • Founded: 2011
  • HQ: New York City, New York

FS2015_Token_logo_snagToken is a new payment rail that solves the “faster payments” problem for banks, businesses, and consumers.

Why it’s great
A new open bank API, an unbreakable identity system, developer tools, and a wallet app for business and consumers.

  • Founded: 2015
  • HQ: Los Altos Hills, California

FS2015_TopImageSystems_logoTop Image Systems introduces the eFLOW mortgage, which eliminates the manual, time-consuming and expensive mortgage-origination process.

Why it’s great
Top Image Systems’ IQA (Image Quality Analysis) provides unparalleled accuracy, security, and ease of use.

  • Founded: 1991
  • HQ: Tel Aviv, Israel

FS2015_Vanguard_logoVanguard introduces the Funds Visualizer to rid investors of suboptimal portfolio construction.

Why it’s great
Our interactive, 3-D, data visualizations of diversification provide unique insights when it comes to building portfolios.

  • Founded: 1975
  • HQ: Valley Forge, Pennsylvania

FS2015_Vouch_logo_414updateVouch is the first social network for credit, enabling consumers to connect and share creditworthiness so they get the financial products they deserve.

Why it’s great
Vouch is for anyone who believes they are more than their credit score.

  • Founded: 2013
  • HQ: San Francisco, California

FS2015_Whodini_logo_snagWhodini helps merchants engage customers using social media marketing, reaching loyal customers with targeted offers.

Why it’s great
At Whodini, we help local businesses know their customers better.

  • Founded: 2004
  • HQ: Westport, Connecticut

Finovate Alumni News

On Finovate.com

  • MX Raises $30 Million in Series A Investment

Around the web

  • Encap Security to support Samsung fingerprint scanner as part of version 3.0 of its Smarter Authentication technology. See Encap at FinovateSpring 2015 next month in San Jose.
  • Dutch banking group ABN AMRO to deploy wealth-management solution, WealthSuite, from Temenos.
  • Top Image Systems wins recognition at 2015 IT Innovation Awards (IT Innovationspreis) for MobiPAY.
  • PayPal partners with Tillster, an online ordering platform.
  • Green Dot names MasterCard its exclusive transaction processor and network gateway.
  • American Banker: New Moves by Coinbase, Ripple Advance Digital Money Tech.
  • Currency Cloud appoints former Deutsche Bank CIO, Mitchel Lenson, as a non-executive director.
  • IP Commerce launches new version of Commerce Sync to automatically transfer sales info from a POS system or e-commerce solution into accounting software on a daily basis.
  • InComm partners with Russian internet giant Mail.Ru Group.
  • Stratos now shipping its all-in-one smart credit card. Come see Stratos at FinovateSpring in San Jose.
  • Open Source Project.com features Open Bank Project.

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.

 

 

FinovateSpring 2015: Meet the People in Your Fintech Neighborhood

FinovateSpring 2015: Meet the People in Your Fintech Neighborhood

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Who will you meet at FinovateSpring 2015?

From the moment you arrive at a Finovate conference, one thing is clear: Fintech is a people business.

In fact, while some of the best connections you’ll make at Finovate will be with our presenters at their booths, many of your best conversations are likely to be with the man or woman sitting next to you in the audience or across the table from you at lunch.

Why so? Take a look at the titles of the more than 1,000 fintech professionals who have already signed on to join us at FinovateSpring this May.

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Senior vice presidents and software engineers, managing partners and marketing directors, chief executives and chief evangelists. This year’s attendee-title word-cloud suggests the question is not “Who is going to FinovateSpring 2015 this year?” It’s “Who isn’t?”

The show starts 12 March, Tuesday, and concludes with our Best of Show awards presentation after a second day of live demos on Wednesday. So be sure to visit our registration page today and reserve your seat as Finovate returns to San Jose next month for our annual spring event.

Find out more about FinovateSpring 2015 at our FAQ page.


FinovateSpring 2015 is sponsored by The Bancorp, CapitalSource, City National Bank, Envestnet, Financial Technology Partners, Hudson Cook LLP, KPMG, Kyriba, Life.SREDA, and Zions DirectTV.

FinovateSpring 2015 is partners with Aite Group, American Banker’s Association (ABA), Bank Innovators Council, Bankers Hub, BayPay Forum, bob’s guide, Breaking Banks, California Bankers Association, Canadian Trade Commissioner Service, Celent, ebankingnews, Filene Research Institute, fin-tech.org, HotWire, Javelin Strategy & Research, Mercator Advisory Group, The Paypers, SME Finance Forum, and Western Independent Bankers.

Finovate Alumni News

On Finovate.com

Around the web

  • Digital Insight to provide Touch ID functionality in mobile banking apps.
  • Coinbase unveils its bitcoin exchange and wallet service in the U.K.
  • The Currency Cloud appoints former Deutsche Bank CIO, Mitchel Lenson, to non-executive director.
  • Green Dot Bank chooses MasterCard as its transaction processor and network gateway.
  • Columbia Bank picks Fiserv DNA for its account-processing platform.
  • The Finanser interviews CEO and co-founder of Ripple Labs, Chris Larsen.
  • AMP Credit Tech launches Amplifi Capital to directly finance unsecured loans to under-served small businesses in the U.K.
  • Expensify debuts new automatic statement-reporting feature.
  • ComputerWorld: SocietyOne makes case for peer-to-peer lending.

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.

 

FinovateSpring 2015 Sneak Peek: Aurora Financial Systems and Mistral Mobile

FinovateSpring 2015 Sneak Peek: Aurora Financial Systems and Mistral Mobile

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There are just a few weeks to go before FinovateSpring 2015 in San Jose. And while our Sneak Peek preview series is already six editions deep, we’ve a few more presenting companies we’d love to introduce you to.

Today’s edition of our Sneak Peek Preview features a Finovate newcomer as well as a conference veteran, Aurora Financial Systems and Mistral Mobile. Both companies will join 70 other innovators on stage 12/13 March for two days of the best of fintech in 2015. To get your ticket and save your spot, visit our registration page today.

If you’ve missed an edition of our Sneak Peek Preview series, the links below will help you get up to date. Stay tuned for more previews of our FinovateSpring 2015 presenters this week.


Aurora_NOTE_logoAurora is a program manager and issuing processor focused on delivering real-time, transactional data with its interoperable platform.

Features

  • The NOTE Card. A stylish and effective solution for overspending
  • Powerful, real-time messaging capabilities
  • Connect to multiple leading PFMs

Why it’s great
Aurora is partnering with Fintech leaders such as MX and Finicity to give consumers better choices and better experiences with their financial applications.

Presenters

Aurora_SStagg_cropScott Stagg, CEO, Founder

Stagg has spent the lat 20 years in the financial services industry, having been the managing member of a $500 million hedge fund before turning his efforts to creating better financial products.
LinkedIn

 

 

Aurora_CMelendez_cropChris Melendez, Chief Strategy Officer

Melendez is passionate about improving the financial lives of consumers and spent 10 years at American Express where he helped hundreds of clients maximize the value of their transactional data.
LinkedIn

 


MistralMobile_logom-Aegis from Mistral Mobile is the only comprehensive, multifactor, telco-independent authentication and security solution for mobile applications and OTP replacement.

Features:

  • One-stop, integrated solution to protect against a whole array of risks
  • Multifactor authentication of device and user identity
  • Supports mobile banking, mobile payments, and mobile commerce

Why it’s great
No more trade-offs between high level of security and usability. M-Aegis delivers both.

Presenters

MistralMobile_LSchulze_cropLudwig Schulze, CEO

Schulze has held executive roles in mobile and enterprise software companies and was a consultant with BCG. Prior to founding Mistral, Schulze was general manager for Nokia’s Mobile Financial Business.
LinkedIn

 

MistralMobile_PYoo_cropPaul Yoo, Chief Commercial Officer

Yoo has worked at HoganLovells and Cooley LLP and was covering partnerships and commercial relationships as well as IP and regulation at Nokia’s Mobile Financial Services business.
LinkedIn

Finovate Alumni News

On Finovate.com

Around the web

  • D3 Banking unveils its new mobile app.
  • American Banker takes a look at itBit and its plan to become a trust company in New York State. See itBit at FinovateSpring 2015.
  • PYMNTS.com’s roundup of the “Mobile Wallet Wars” features LoopPay.
  • Everett Blog previews version 3.0 of Encap’s smart authentication solution.
  • Financial-SpreadBetting.com interviews Sarah Brylewski, managing director at Ayondo.
  • BioCatch and Mistral Mobile win spots on Red Herring 2015 Top 100 Europe. See Mistral Mobile at FinovateSpring 2015 in San Jose.
  • TradeHero releases version 3.1.0 of its Android app.
  • DRAFT featured at LaunchingNext. See DRAFT’s Finovate debut at FinovateSpring in San Jose next month.
  • NICE Systems partners with Capgemini to deliver a new Robotics Automation Hub.
  • Washington Business Journal interviews Blake Hall, CEO of ID.me.
  • peerTransfer to provide its international tuition payments service at another 56 educational institutions.
  • TechCrunch’s guest column on “industry convergence” in financial services highlights Telenor Banka.

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.

What We Are Talking About at FinovateSpring 2015

What We Are Talking About at FinovateSpring 2015

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As our review of the themes of FinovateSpring 2015 reveals, fintech entrepreneurs are talking about their innovations in dramatic new ways.

These themes remind us just how dynamic the concept of “financial technology” has become. From machine learning to social spending, the innovators of FinovateSpring 2015 show us how technology can help make financial services a more rewarding, engaging, and friction-free world for both businesses and individuals.

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Our full list of presenters for FinovateSpring 2015 is below. We can’t wait for the conference on May 12 and 13 in San Jose, California, and are looking forward to seeing you at the show. Tickets are on sale now, so register today and save your spot.

Can’t get enough? Check out our Sneak Peek Preview Series for more information and background on the innovators of FinovateSpring 2015.

Questions? Visit our FAQ page for answers.


FinovateSpring 2015 is sponsored by The Bancorp, CapitalSource, City National Bank, Envestnet, Financial Technology Partners, Hudson Cook LLP, KPMG, Kyriba, Life.SREDA, and Zions DirectTV.

FinovateSpring 2015 is partners with Aite Group, American Banker’s Association (ABA), Bank Innovators Council, Bankers Hub, BayPay Forum, bob’s guide, Breaking Banks, California Bankers Association, Canadian Trade Commissioner Service, Celent, ebankingnews, Filene Research Institute, fin-tech.org, HotWire, Javelin Strategy & Research, Mercator Advisory Group, The Paypers, SME Finance Forum, and Western Independent Bankers.

Finovate Alumni News

On Finovate.com

  • SigFig Brings on New Advisory Board Members and $1 Million in Funding
  • Alt-Lender EZBOB Deepens Pockets by $46 Million

Around the web

  • InvestorCentral looks at market simulators and trading with Kapitall.
  • Alaska Air picks FIS as its partner for upcoming strategic payment initiatives including EMV.
  • Delicious Nutritious chooses globalVCard Spend Secure for its business payments.
  • Kiplinger highlights Motif Investing among “brokers that pay you to open an account.”
  • GMC Software Technology to provide GMC Inspire to Mail Handling Services.
  • Personal Capital launches app for the Apple Watch.
  • ReadyForZero interviews Michael Carvin, CEO of SmartAsset. Check out SmartAsset’s new technology at FinovateSpring.
  • Revolut and Sedicii win finalist spots in the Innotribe Startup Challenge.
  • American Banker features bitcoin exchange itBit. Watch itBit’s live demo at FinovateSpring.
  • TechCrunch: Infosys to acquire Kallidus for $120 million.
  • A look at “billion dollar” British startups at Forbes.com features TransferWise.

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.

FinovateSpring 2015 Sneak Peek: Part 6

FinovateSpring 2015 Sneak Peek: Part 6

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FinovateSpring 2015 is right around the corner. And with news this morning that attendance has already topped 1,000, now is a great time to register and save your spot at our annual spring event on May 12 and 13.

A total of 72 companies will be on stage at the City National Civic in San Jose, California, to demonstrate the latest in financial technology live in front of our audience of industry professionals, venture capitalists, bankers, media, and more. And along with more than 500 minutes of live demos, we make sure you’ve got plenty of time to meet, greet, and network with presenters, sponsors, and fellow attendees alike.

Today in our Sneak Peek Preview series, we’re featuring another seven companies to help you get to know a little more about the companies that will be presenting next month at FinovateSpring 2015.

Check out the previous installments of our Sneak Peek series below. And stayed tuned for more introductions to our FinovateSpring 2015 presenters next week.


FS15_CreditSesame_logo_reducedCredit Sesame helps millions of consumers access, monitor, and manage their credit, improve their finances and protect their credit and identity for free.

Features:

  • Mobile integration combined with the power of voice control and TouchID
  • Manage, monitor, and protect your credit and identity anytime, anywhere
  • White label / turn-key solution

Why it’s great
Credit Sesame makes it easier than ever for mobile users to access, monitor, and manage their credit, improve their finances, and protect their identity on the go.

Presenters

CreditSesame_ANazari_cropAdrian Nazari, CEO
Nazari is a serial entrepreneur, an acknowledged industry expert, and founder of Credit Sesame Inc.
LinkedIn

 

 

CreditSesame_JLevey_cropJesse Levey, Head of Product
Levey is a product innovator and growth expert with more than 12 years experience in technology and financial services.
LinkedIn

 

 


HipPocket_logo_FS15

Hip Pocket engages your mobile and website visitors by using social influence and personalized consultation to generate new, qualified mortgage leads.

Features:

  • Unique peer-group comparisons
  • Real-time integration and personalization savings estimates
  • Results and call-to-action are customized to each user’s situation

Why it’s great
Hip Pocket allows your institution to provide an engaging, intuitive user experience that marries the emotional and logical decision-making processes.

Presenters

HipPocket_MZmarzly_cropMark Zmarzly, CEO, Founder
Zmarzly is a passionate innovator and thought leader in the financial industry. He has delivered multiple TEDx talks and presented for the ABA, BAI, and JD Power & Associates.
LinkedIn

 

HipPocket_TCramer_cropTodd Cramer, Head of Digital Experience & Design
Cramer is a MBA with more than five years of experience in branding, user experience and eCommerce for a $5B bank enterprise.
LinkedIn

 


FS15_itBit_logoitBit is a global bitcoin exchange offering institutional and retail investors a powerful platform to buy and sell bitcoin.

Features:

  • Trusted, institutional-grade exchange
  • Available around the clock
  • Offers the best security, privacy, and asset protection

Why it’s great
itBit is the most trusted and secure platform for trading bitcoin.

Presenters

itBit_CCascarilla_cropCharles Cascarilla, CEO, Co-founder
As a bitcoin early adopter with more than 15 years’ experience in financial services, Cascarilla has a unique perspective and interest in integrating bitcoin with traditional systems.
LinkedIn

 

itBit_BCho_cropBobby Cho, Director of Institutional Client Group (ICG)
As the head of itBit’s ICG team, Cho provides tailored client relationships trading services to itBit’s global network of institutional clients.
LinkedIn

 


FS15_Kofax_logoAnyone can hit a baseball thrown straight down the middle, but Kofax’s robust mobile new account opening platform can accommodate curveballs, screwballs, and the off-speed pitches in life.

Features:

  • Mobile capture of IDs and supporting documents
  • Intelligent decisioning allows complex exception and compliance management
  • Seamless multichannel customer experience

Why it’s great
Paramount to mobile onboarding is giving customers the right product at the right time with the right risk-assessment profile in a completely automated fashion.

Presenters

Kofax_DHyatt_cropDrew Hyatt, Senior Vice President, Mobile Applications
Hyatt is a leading domain expert in mobile image-capture and is responsible for Kofax’s mobile product roadmaps, go-to-market strategies, and product positioning.
LinkedIn

 

 

Kofax_DMorgan_cropDiane Morgan, Senior Business Development Manager
As Senior Mobile Business Development Manager at Kofax, Morgan partners with financial institutions to identify, develop, and execute their mobile capture and imaging strategies.
LinkedIn

 


FS15_Mitek_logoMitek, the leading innovator of mobile imaging for financial transactions and identification, will demonstrate how to optimize mobile for secure customer acquisition.

Features:

  • Increase mobile form completion by 30-50%
  • Double number of accounts booked via mobile
  • Meet KYC requirements and complete ID check in mobile channel

Why it’s great
Mobile account opening starts are dramatically increasing while desktop is declining. Mitek’s next innovations will do for account opening what it did for check deposits.

Presenters

Mitek_MNelson_cropMichael Nelson, Vice President for Business Development
Nelson leads the business-development team focused on expanding mobile-imaging usage within banking and beyond.
LinkedIn

 

 

Mitek_SClark_cropSarah Clark, Vice President Product Owner
Clark directs product strategy and the roadmap for our mobile-imaging platform and suite of products including mobile deposit, our market leading MiSnap SDK and Mobile Identity product line.
LinkedIn

 


FS15_NAMU_logoWith the growing importance of the user experience and customer intelligence in digital channels, NAMU Systems sets a new standard in mobile banking.

Features:

  • Highly visual user experience—connecting money with memories
  • Targeted advertising based on social spending patterns
  • Google-like search in banking

Why it’s great
NAMU helps your customer to have joyful banking experiences with relevant connection to memories and a beautiful user interface backed by NAMU’s patent-pending platform.

Presenters

NAMU_TKo_cropThomas Ko, President, Co-founder
Ko is ex-global head of mobile banking at Citibank, developing the most successful corporate mobile banking solution worldwide.
LinkedIn

 

 

NAMU_PBudzinski_cropPiotr Budzinski, CEO, Co-founder
Prior to NAMU, he led strategic technology projects for European banks and U.S. asset managers, including UniCredit and Franklin Templeton.
LinkedIn

 


FS15_Persistent_logoBuddyPay from Persistent Systems is a real-time payment-switching mechanism. The control of payment is shifted from buyer to payer for online/in-store purchases of products and services in real-time.

Features:

  • The Payment Switching Mechanism can be used while selling/fulfilling literally anything
  • Sell physical goods, insurance, billpay, flight and hotel booking
  • Intuitive mobile app

Why it’s great
You can “sell” products/services to people who don’t have money to “buy” it!

Presenters

Persistent_AModak_cropAbhiram Modak, Principal Business Analyst & Industry Expert
Modak has multiple years of diverse experience and is an innovator at heart. He can come up with solutions to most complex business problem with his domain knowledge and technology understanding.
LinkedIn

 

Finovate Alumni News

On Finovate.com

Around the web

  • Financial-Planning provides an in-depth profile of Motif Investing.
  • Rippleshot to join SixThirty accelerator’s Spring 2015 cohort.
  • The Globe and Mail highlights Nymi’s take on wearable security.
  • Bluefin Payment Systems partners with Paydunk to offer an all-in-one mobile security and integrated e-commerce payment solution.
  • ThreatMetrix wins Best Anti-Malware Product and Hot Company in MFA at 2015 Cyber Defense Magazine Awards.
  • Orion Advisor Services partners with Jemstep to bring independent advisers who use Orion’s platform the benefits of robo-adviser automation.
  • PayNearMe enables Philadelphia bike-share program-members to pay their fees using cash.
  • TickSmith adds Book Replay Module to Its TickVault Platform.
  • Barron’s feature on robo-advisers quotes Kevin Pohmer, president of Financial Guard.
  • Global Debt Registry names Kathy Simmermon as EVP of business development.
  • Fox Business interviews Lending Tree CEO Doug Lebda.
  • Feature on card controls highlights solutions developed by Malauzai Software. See Malauzai at FinovateSpring 2015 in May.

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.

 

FinDEVr 2015 San Francisco: We’re Bringing Builders Back

FinDEVr 2015 San Francisco: We’re Bringing Builders Back

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For two days in October, the city by the bay once again will be a bastion of fintech builders.

We are excited to announce our second annual event for fintech developers, software architects, CTOs, and other IT professionals: FinDEVr 2015 on 6/7 October in San Francisco, California.

Last year’s event featured speakers from 50 key fintech backbone companies such as Yodlee, PayPal, Visa, MasterCard, TD Ameritrade, and Google, along with startups like Forte, Plaid, and Knox Payments (full list here). And we expect even more this year.

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Earlier this year we talked to most of last year’s presenters and many attendees about our inaugural FinDEVr conference in 2014. We found overwhelming support for an event focused on the TECHNOLOGY used in building modern financial services.

And that’s why we’re heading back to our favorite venue in San Francisco: the conference center on the campus of UCSF Mission Bay. It’s convenient and super comfortable, but it holds only about 700 people, so act fast as tickets will sell out.

Last year we experimented with various presentation lengths. Based on feedback, we are standardizing with TED-style, 20-minute speaker slots focused on financial tools and technology, along with actual case study detail. At least five minutes of each presentation will be devoted to questions submitted by the audience.

And to allow attendees to better fine-tune their schedule to their technical interests and needs, FinDEVr will be dual-track for both days.

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Finally, all the presenters will be readily accessible during lunch, breaks, and end-of-the-day happy hour to answer your questions and resolve hurdles you may be facing in adopting specific technologies.

We hope you’ll join us. Tickets for fintech builders are currently less than $500 (50% off) as part of our “presale.” So act now and save.

And if you’d like to be one of our presenters at FinDEVr 2015, please send us an email at sanfran@findevr.com. Let us know how you’re applying the latest technologies to help make financial services faster, safer and more efficient for businesses and consumers everywhere.

LendKey to Power Online Student Lending at Navy Federal Credit Union

LendKey to Power Online Student Lending at Navy Federal Credit Union

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Navy Federal Credit Union, the largest credit union in the world, is making a splash in the student-loan market with news that its online student lending program will be powered by LendKey.

Aaron Aggerwal, assistant vice president of education lending at Navy Federal, says, “We’re excited to provide students, and their families, the funding they need for school when federal loans, grants, and scholarships are not enough.”

“LendKey’s customizable platform was the right solution for our members and the implementation process ran very smoothly,” he adds.

Using LendKey’s technology, Navy Federal CU will provide both consolidation and private student loans to its members. Navy Federal CU has over $64 billion in assets and more than 5 million members. The institution serves active duty civilian and contractor personnel and their families working with the Department of Defense and Coast Guard.

LendKey has more than 300 community banks and credit unions using the platform, providing loans to more than 35,000 consumers. Founded in 2009 and headquartered in New York, LendKey announced earlier this month a commitment of up to $1 billion from MidCap Financial to purchase students’ consolidation loans originated on the LendKey platform. The company inked a deal with TrueCar to integrate auto buying and lending in March, and another student lending partnership, with the Western Independent Bankers, in September. Vince Passione is founder and CEO.

LendKey is scheduled to make its Finovate debut at FinovateSpring 2015 in San Jose next month. To see them live on stage, pick up your tickets to our spring conference today.