Author: David Penn

Knox Payments Leverages ACH to Deliver Cost-Effective, Speedy Online Transactions

Knox Payments Leverages ACH to Deliver Cost-Effective, Speedy Online Transactions
By David Penn Posted on
Categories: FinovateFall 2014, Knox
KnoxPaymentsLogo_FF2014

This post is part of our live coverage of FinovateFall 2014.

Knox Payments is our next presenting company. Knox leverages the ACH network to facilitate transactions online.

“Knox Payments facilitates payments for merchants online, allowing them to transact with their customers/users, who never have to create accounts or enter their bank routing and account numbers, let alone input their address and other information when transacting online. End users simply log in to their online banking to make a payment, and we instantly verify their account, all for just $0.18/transaction (paid by the merchant). Knox means less cart abandonment, more security, and increased conversion. all while saving on payment processing fees.”
Presenting: Thomas Nicholas, President & Co-Founder
KnoxPaymentsHomepage_LiveBlog
Product Launch: February 2014
Metrics: Raised $1,555,000 to date; 25 employees (13 in United States and 12 in India); 70 customers (and adding more each day)
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Richmond, VA
Founded: February 2014
Twitter: @KnoxPayments

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Rippleshot Demoes its Cloud-Based Technology to Detect Bank Card Data Breaches

Rippleshot Demoes its Cloud-Based Technology to Detect Bank Card Data Breaches
By David Penn Posted on
Categories: FinovateFall 2014, Rippleshot
RippleshotLogo_FF2014

This post is part of our live coverage of FinovateFall 2014

Next to the stage is anti-fraud innovator, Rippleshot.

“Rippleshot’s sophisticated web user interface allows card issuers to spot breaches early, view trends in compromised card spends, efficiently reissue compromised cards, and deploy real-time declines rules to stem the losses in the meantime. The merchant portal gives ADT-like alerts so merchants can stop their breach sooner and have time to prepare their response to the public.”
Presenting: Randal Cox (Chief Scientist & Co-Founder) & Lucas Ward (CTO & Co-Founder)
RippleShotHomepage_FF2014
Product Launch: April 2014
Metrics: $800,000 raised, 10 employees; $500,000 revenues
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other FinTech companies and platforms, licensed
HQ: Chicago, IL
Founded: June 2013
Twitter: @Rippleshot

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Behalf Unveils its Proprietary Credit Scoring Solution for Small Business

Behalf Unveils its Proprietary Credit Scoring Solution for Small Business
By David Penn Posted on
Categories: Behalf, FinovateFall 2014
BehalfLogo_FF2014

This post is part of our live coverage of FinovateFall 2014.

Making its way to the stage next is the team from Behalf to demo its Vendor Platform.

“We are showing the value of our platform to vendors through a simple demonstration of how easy it is for a vendor to pre approve his customers, onboard them, and offer them the Zazma credit line they need.”
Presenting: Benjy Feinberg (CEO) and Andrew Abshere (Director, Product)
BehalfHomepage_FF2014
Product Launch: August 2014
Metrics: $10M, 25 employees
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
HQ: New York, NY
Founded: 2011
Website: behalf.com

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WingCash’s Electronic Wallet Combines Payments and Promotions with Digital Currency

WingCash’s Electronic Wallet Combines Payments and Promotions with Digital Currency
By David Penn Posted on
Categories: FinovateFall 2014, WingCash
WingCashLogo_FF2014

This post is part of our live coverage of FinovateFall 2014.

As we near the midpoint of our second session this morning, our next presenter is WingCash. WingCash provides an innovative system of electronic wallets that combine payments and promotions with digital currency.

“WingCash will demonstrate how to use a cloud-based, smart wallet to 1) make purchases using any internet enabled device while at retail locations using US currency, eGift, ePromo, and eRewards cash, and 2) send and receive US currency, eGift, ePromo, and eRewards cash to family or friends.”
Presenting: Bradley Wilkes (CEO & President), Steve Curtis (VP & Director, Sales), and Vilash Poovala (CTO)
WingCashHomepage_LiveBlog
Product Launch: December 2010 – US Currency, July 2013 – Branded Cash
Metrics: Privately funded, 10K+ wallets
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Lehi, UT
Founded: November 2009
Website: wingcash.com
Twitter: @wingcash

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Larky’s Web+Mobile Loyalty Platform Helps Financial Institutions Drive Non-Fee Income and Increase Wallet Share

Larky’s Web+Mobile Loyalty Platform Helps Financial Institutions Drive Non-Fee Income and Increase Wallet Share
By David Penn Posted on
Categories: FinovateFall 2014, Larky
LarkyLogo_FF2014

This post is part of our live coverage of FinovateFall 2014.

Larky is next, demoing its unique web+mobile platform that helps financial institutions boost loyalty, reduce churn, drive non-fee income, increase wallet share and support local businesses.

“Our turnkey system sends users location-based and FI-branded smartphone alerts when they are physically near a merchant discount. Users save $1,000 or more every year, with no behavioral changes. Larky helps you deliver significant added value to your audience so they never again wonder if they should be banking somewhere else. Top of wallet, top of mind.
We are unveiling our new Android app along with our new white-label mobile and web option.
Presenting: Andrew Bank (Co-Founder) & Gregg Hammerman (Co-Founder)
LarkyHomepage_LiveBlog
Product Launch: June 2013
Metrics: $2.3M; 12 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Ann Arbor, MI
Founded: January 2012
Website: larky.com
Twitter: @getlarky

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Hoyos Labs Introduces the Mobile App for its Identity Assertion Platform

Hoyos Labs Introduces the Mobile App for its Identity Assertion Platform
By David Penn Posted on
Categories: FinovateFall 2014, Hoyos Labs
HoyosLabsLogo_FF2014

This post is part of our live coverage of FinovateFall 2014.

Our next presenter is Hoyos Labs, demoing the Mobile App of the HoyosID Identity Assertion Platform.

“Our mobile app is finally putting an end to the frustration that comes with usernames, passwords, and PINs. This app leverages a user’s smartphone to acquire his or her biometrics, which conveniently and securely replaces log-in information for all their favorite websites.”
Presenting: Hector Hoyos (Founder, Chairman & CEO)
HoyosLabsHomepage_LiveBlog
Product Launch: October 2014
Metrics: 102 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: New York, NY
Founded: December 2013
Website: hoyoslabs.com
Twitter: @hoyoslabs

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Financeit ‘s USA-Compliant Platform Helps Businesses Provide Payment Plans to Customers

Financeit ‘s USA-Compliant Platform Helps Businesses Provide Payment Plans to Customers
By David Penn Posted on
Categories: FinanceIt
FIS Logo Print JPG

This post is part of our live coverage of FinovateFall 2014.

Our next presenter is Financeit. In partnership with FIS, Financeit is demoing Financeit USA Launch, making it easy for businesses of any size to boost their sales by offering payment plans to their customers.

Financeit, in partnership with FIS, is announcing the launch of, and showcasing, a USA-compliant platform. Their Finovate demo shows all of the components required to ensure processes are compliant while still providing end users with an amazing product.
Presenting: Michael Garrity (CEO), Katie Robinson (SVP Strategic Innovation), and Paul Sehr (CTO)
FinanceitHomepage_LifeBlog
Product Launch: September 2014
Metrics: Since launch, Financeit has processed over $700M in loans from more than 3,500 merchant partners. Financeit has raised over $21M in Venture Capital and currently has more than 65 employees.
Product distribution strategy: B2B Marketing, Sales and Partnerships
HQ: Toronto, ON, Canada (USA HQ: New York, NY)
Founded: January 2011
Website: financeit.io
Twitter: @financeit

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Ayasdi Finance Helps Capital Markets Businesses Better Utilize Data

Ayasdi Finance Helps Capital Markets Businesses Better Utilize Data
By David Penn Posted on
Categories: Ayasdi, FinovateFall 2014
AyasdiLogo_FF2014

This post is part of our live coverage of FinovateFall 2014.

Coming to the stage next is the team from Ayasdi, demoing Ayasdi Finance.

“Ayasdi’s finance application will allow capital markets businesses to automatically identify persistent relationships between market conditions and client trading-behaviors and to generate alerts based on this dynamic information. In addition, this application will be able to utilize Ayasdi’s novel mathematical framework to predict model failure and systematically update the model in states where it fails.
This application will leverage Ayasdi’s powerful platform which integrates machine learning algorithms within a topological framework. This platform gives the application its ability to generate results that take several types of data into account including, but not limited to, social data, numeric data, and the macro economy.”
Presenting: Michael Woods (Principal Data Strategist) & Max Song (Data Scientist)
AyasdiHomepage_LiveBlog
Product Launch: October 2014
Product distribution strategy: Direct to Business (B2B), Licensed
HQ: Menlo Park, CA
Founded: June 2008
Website: ayasdi.com
Twitter: @Ayasdi

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Data Enrichment Innovator CrowdFlower Collects, Labels, and Cleans Data from an On-Demand Workforce

Data Enrichment Innovator CrowdFlower Collects, Labels, and Cleans Data from an On-Demand Workforce
By David Penn Posted on
Categories: CrowdFlower, FinovateFall 2014
CrowdFlowerLogo_FF2014

This post is part of our live coverage of FinovateFall 2014.

Our next presenter is CrowdFlower, demoing its data enrichment platform for data scientists.

Financial statements are notoriously difficult to decipher. CrowdFlower puts an end to messy and incomplete financial services data that contributes to a poor customer experience. We are demonstrating how CrowdFlower can quickly and easily collect, clean, and label financial transaction data, from an online, on-demand workforce of over 5M contributors to help businesses provide a superior customer experience.
Presenting: Tatiana Josephy (VP Product) & Seth Teicher (Head of Content & Business Development)
CrowdflowerHomepage_LiveBlog
Product Launch: 2009
Metrics: 80+ employees, 5M contributors, 1.5B judgments completed, 7 years of work is completed in one day on the platform.
Product distribution strategy: Direct to Business (B2B), licensed
HQ: San Francisco, CA
Founded: 2009
Twitter: @CrowdFlower

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Sender and Privatbank Launch Sender.mobi to Bring Direct Chat Messaging to FIs

Sender and Privatbank Launch Sender.mobi to Bring Direct Chat Messaging to FIs
By David Penn Posted on
Categories: FinovateFall 2014, PrivatBank, Sender with PrivatBank
SenderPrivatbankLogo_FF2014

This post is part of our live coverage of FinovateFall 2014.

Our next presenters are Sender and Privatbank who have teamed up to launch Sender.mobi.

“People communicate with each other via chats with similar interfaces. Businesses communicate with people via Apps with various unique interfaces and UX.
Sender:
  • Creates 2-way communication between businesses and customers like in usual chat environments
  • Enables a friendly and familiar interface for customers
  • Provides the possibility for businesses to create business processes without developers or endless software/Apps updating, reducing App development work by 80%

Sender is like Google’s Search Bar with endless possibilities. It is the first messenger for businesses enabling direct chat communication with customers. Instead of tons of applications, use Sender – the last and only App.”

Presenting: Egor Avetisov (Creative Director), Maria Gurina (Deputy Head of E-Commerce), and Kristina Chaykovskaya (Head of E-Commerce)
SenderHomepage_FF2014
Product Launch: September 2014 at FinovateFall
Metrics: $1M in angel investments, 5 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: Wilmington, DE
Founded: November 2013
Website: sender.mobi

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EverSafe Helps Protect Seniors Against Financial Abuse

EverSafe Helps Protect Seniors Against Financial Abuse
By David Penn Posted on
Categories: EverSafe, FinovateFall 2014
EverSafeLogo_FF2014

This post is part of our live coverage of FinovateFall 2014.

Our next presenter is EverSafe, demoing the first technology-based solution to address the challenge of financial abuse of older Americans.

“EverSafe applies technology to combat elder financial exploitation. The service reviews the senior’s financial transactions and credit report activity daily and if suspicious activity is detected, an alert is sent immediately. EverSafe’s sophisticated software employs a set of rules developed specifically for seniors to comb every transaction looking for abnormalities, including unexpected patterns in spending, deposits, and withdrawals. If suspicious activity is confirmed, the resolution process begins. EverSafe tracks the remediation plan and sends follow ups to help curtail further financial exposure.”
Presenting: Howard Tischler (CEO & Founder) & Elizabeth Loewy (SVP Industry Relations & General Counsel)
EverSafeHomepage_FF2014final
Product Launch: Spring 2014 (soft launch)
Metrics: $1.5M raised, 7 employees
Product distribution strategy: Direct to Consumer (B2C), through financial institutions
HQ: Columbia, MD
Founded: January 2012
Website: eversafe.com
Twitter: @EverSafeSeniors

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SelfScore’s Consumer Analytics Solution Introduces “Scoring as a Service”

SelfScore’s Consumer Analytics Solution Introduces “Scoring as a Service”
By David Penn Posted on
Categories: FinovateFall 2014, SelfScore
SelfScoreLogo_FF2014

This post is part of our live coverage of FinovateFall 2014.

Our next presenter is SelfScore, with its “scoring as a service” and “data as a service” approach to measuring consumers in better ways using more information.

“SelfScore.com is a consumer analytics service that uses a proprietary algorithm to combine online profiles, phone, and sensor data, psychometric questions, and 360 degree feedback from one’s network to provide insights to users and contextual information to businesses. We believe that with new advances in the social web and smartphones, it is now possible to attain a complete, timely and accurate picture of consumer behavior that benefits both consumers and businesses.”
Presenting: Kalpesh Kapadia (CEO & Co-Founder)
SelfScoreHomepage_LiveBlog
Product Launch: September 2014
Metrics: Privately funded just under $1M with a team of 8 experts, each with 10-20 years of industry experience ranging from financial services (VISA, Capital One) to tech giants (Amazon, Microsoft, VMware, Google, LinkedIn) to US military (US Cyber Command) and government (US Treasury, Consumer Finance Protection Board) to academia (Stanford and CMU PhD data scientists), currently have a working product undergoing a private beta
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Palo Alto, CA
Founded: January 2012
Website: selfscore.com
Twitter: @selfscore

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