Author: David Penn

Toopher Broadens its Authentication Suite with Access, Touch, and Halo

Toopher Broadens its Authentication Suite with Access, Touch, and Halo
By David Penn Posted on
Categories: FinovateFall 2014, Toopher
ToopherLogo_FF2014

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

Our next presenter is Toopher, demoing its authentication solution that pairs enterprise class security with the location awareness of mobile devices.

“Toopher Access will allow clients to provide their customers with invisible authentication for logins and critical actions. Toopher Touch incorporates biometrics into the authentication process and Toopher Halo offers seamless deauthentication based on powerful geofencing technology. When the user leaves a specified geofence, Tooper will log them out automatically, ensuring full session security.”
Presenting: Josh Alexander (CEO & Co-Founder) & Evan Grim (CTO & Founder)
ToopherHomepage_LiveBlog
Product Launch: Q1 2015
Metrics: 20 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Austin, TX
Founded: September 2011
Website: toopher.com
Twitter: @toopher

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Six Trees Capital Introduces its Cash Management Solution, MaxMyInterest

Six Trees Capital Introduces its Cash Management Solution, MaxMyInterest
By David Penn Posted on
Categories: FinovateFall 2014, MaxMyInterest
MaxMyInterestLogo_FF2014

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

Making its way to the stage next is Six Trees Capital introducing MaxMyInterest, a way of helping investors dynamically allocate their cash in an optimal manner to maximize returns on cash and FDIC insurance.

“MaxMyInterest is a new automated cash management solution that helps depositors earn more on their cash balances via their existing checking account and online savings accounts. Max’s patent-pending technology platform uses proprietary algorithms to help ensure cash is dynamics allocated to the member’s banks offering the best interest rates at any given point in time. Max also helps keep cash below the FDIC limits at each bank. Max includes other powerful cash management tools, including monthly cash sweep and Intelligent Funds Transfer (SM) technology, which makes managing a portfolio of online bank accounts as simple as ‘checking’ and ‘savings’.”
Presenting: Gary Zimmerman (CEO & Founder) & Richard Wu (Director, Engineering)
MaxMyInterestHomepage_LiveBlog
Product Launch: April 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, licensed
HQ: New York, NY
Founded: July 2013
Twitter: @maxmyinterest

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WorkFusion Launches its Active-Learning Automation Technology Pairing Machine Learning with Crowdsourcing

WorkFusion Launches its Active-Learning Automation Technology Pairing Machine Learning with Crowdsourcing
By David Penn Posted on
Categories: FinovateFall 2014
WorkFusionLogo_FF2014

This post is part of our live coverage of FinovateFall 2014

Our next presenter is WorkFusion, demoing their Active-Learning Automation solution.

Finding opportunities to automate is hard, building algorithms is harder, and maintaining effective automation is hardest. WorkFusion solves these problems by actively tracking human work for patterns and training algorithms to follow them. When data sources or formats change, the platform reengages human workers to retrain algorithms, delivering adaptable, unbreakable automation.
Presenting: Max Yankelevich (CEO) & Adam Devine (VP Product Marketing)
WorkFusionHomepage_FF2014
Product Launch: September 2014
Metrics: Seven of the top 10 financial data providers use WorkFusion to build and refresh data products, leading FIs use WorkFusion for high-volume data work, $23M raised in total (Mohr Davidow: $15M series B in February 2014, iNovia: $5M series A, Greycroft and RTP Ventures: $2.3M seed), 68 employees, NYC HQ, GigaOm’s #1 rated crowd management platform, on American Banker’s Top 10 FinTech Companies to Watch, SIIA CODiE nominee in 2 categories.
Product distribution strategy: Direct to Business (B2B)
HQ: New York, NY
Founded: June 2010
Twitter: @crowdcomputing1

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VerifyValid Launches its Smartphone-Optimized Mobile Checkbook

VerifyValid Launches its Smartphone-Optimized Mobile Checkbook
By David Penn Posted on
Categories: FinovateFall 2014, VerifyValid
VerifyValidLogo_FF2014

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

VerifyValid is our next presenter. VerifyValid’s eChecks allow users to make check payments to anyone from anyplace they have access to the Internet.

“The VerifyValid Mobile Checkbook is the first ever general purpose checkbook for the smartphone, allowing users to write, approve, send, and deposit check payments from their iPhone. Now, VerifyValid has created a consumer-focused mobile app that replaces transaction fees with sponsored content. Users are able to send and receive checks at now charge while advertisers can speak directly to consumers at the moment that they write or receive a check payment.”
Presenting: Paul Doyle (CEO & Founder)
VerifyValidHomepage_LiveBlog
Product Launch: October 2014
Metrics: More than 50,000 users of the system (including payees) and more than $400M in transaction value to date
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Grand Rapids, MI
Founded: 2011
Twitter: @verifyvalid

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FlexScore Launches the Mobile Version of its Financial Planning Gamification App

FlexScore Launches the Mobile Version of its Financial Planning Gamification App
By David Penn Posted on
Categories: FinovateFall 2014, FlexScore
FlexScoreLogo_FF2014

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

As we approach the halfway mark of our first session of the afternoon, here comes the FlexScore team to the stage, demoing FlexScore Mobile.

“FlexScore is now available in a mobile version, allowing users to take FlexScore with them wherever they go. FlexScore maintains its core features – the scoring engine, the Action Steps, the Peer Ranking feature – while empowering the user further through our new pocket-sized, accessible format. Just as with our desktop version, the user interface is spacious, simple, and easy to understand, all while retaining the full power of automated financial advice.”
Presenting: Jason Gordo (CEO) & Jeff Burrow (COO & President)
FlexScoreHomepage_LiveBlog
Product Launch: September 2014
Metrics: $2.5M raised to date, 7 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
HQ: San Francisco, CA
Founded: April 2012
Website: flexscore.com
Twitter: @flexscore

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Crowdlending Platform P2Binvestor Introduces New Borrowing, Loan Management Functionality

Crowdlending Platform P2Binvestor Introduces New Borrowing, Loan Management Functionality
By David Penn Posted on
Categories: FinovateFall 2014, P2BInvestor
P2BInvestorLogo_FF2014

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

The team from P2Binvestor is making its way to the stage next. The company is a peer-to-business (P2B) crowdlending platform that provides better lending options to growing businesses and new investment vehicles for accredited and institutional investors.

“P2Bi is demoing a new borrower dashboard and application process that integrate with QuickBooks Online and streamline the borrower’s path from application to funding. The new functionality allows borrowers to automatically sync financials with their application, sync recurring financial data needed for underwriting and ongoing account analysis and submit invoices for funding. P2Bi is also demoing new underwriting functionality that creates efficiencies for underwriting and account management processes.”
Presenting: Gabriella Krista Morgan (President & Co-Founder) & Clay McIlrath (CTO)
P2BInvestorHomepage_LiveBlog
Product Launch: TBD
Metrics: Money raised to date: $2M; employees: 13, users: 182 crowd investors and 15 clients; investor earnings range from 7-15%, lending portfolio: $7M, invoices purchased: $13M
Product distribution strategy: Direct to Business (B2B), partners, referrals, digital marketing
HQ: Denver, CO
Founded: February 2012
Website: p2bi.com
Twitter: @p2binvestor

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Global Debt Registry Standardizes and Digitizes Title Tracking for Banks

Global Debt Registry Standardizes and Digitizes Title Tracking for Banks
By David Penn Posted on
Categories: FinovateFall 2014, Global Debt Registry
GlobalDebtRegistryLogo_FF2014

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

Our next presenter is debt market clearinghouse, Global Debt Registry. Global Debt Registry provides the definitive independent source of debt ownership information.

“Global Debt Registry’s client application empowers banks and debt buyers with a revolutionary suite of cutting edge controls that support the sale or placement of distressed consumer receivables. Debt owners can download account reports and request legal affidavits to demonstrate proof of ownership. Members have access to a customizable dashboard to analyze, track, and control relevant delinquent accounts. Our consumer application is the first-ever consumer resource empowering consumers to access account information and ownership history to avoid fraud, costly errors, and cases of mistaken identity by independently validating claims from a debt collector.”
Presenting: Todd Veale (Chief Marketing & Product Officer) & Charlie Moore (Chief Commercial Officer)
GlobalDebtRegistryHomepage_LiveBlog
Product Launch: September 2014
Metrics: 10-20 employees, 45 Financial Institutions Members with 250,000+ consumer accounts registered to date
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: Wilmington, DE
Founded: 2009

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BizEquity Introduces Its VaaS Business Valuation Cloud

BizEquity Introduces Its VaaS Business Valuation Cloud
By David Penn Posted on
Categories: BizEquity, FinovateFall 2014
BizEquityLogo_FF2014

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

Our second presenter here in the afternoon session is BizEquity,demoing the New BizEquity One Valuation Cloud to help business owners and financial advisors discover the value of a business:

“The New BizEquity One:
1. Real time dynamic valuation updated daily
Real time dynamic valuation updated daily from our smart algorithm & multiple data sources for greater accuracy & client engagement rate.
2. Pre-valued valuations on 28 million businesses. Zillow-esque feature on the homepage.
Powerful search capability on 28 million businesses to get a sense of how the business is doing & what it is worth.
3. Intelligent Advisor
Useful advice and alerts about the business is streamed in real-time as user goes through the valuation process.
4. Updated dashboard with info graphic-like view of each business’ value & key performance indicators.
An easy bird’s eye view of business, simple to grasp for the average business owner.”
Presenting: Michael Carter (CEO) & Semyon Fishman (VP Engineering & Technology)
BizEquityHomepage
Product Launch: September 2014
Metrics: We have had more than 50,000 users come to use our system and have gone live with over twelve private label channel partners to date. With 60 patents filed and over 7 million invested into building the system, we have also recently been granted two seminal patents in the online business-valuation space.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Wayne, PA
Founded: May 2010
Website: bizequity.com
Twitter: @BizEquity

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Zenmonics and Diebold Team Up to Demo mobileBanker with Enhanced In-Lobby Terminal

Zenmonics and Diebold Team Up to Demo mobileBanker with Enhanced In-Lobby Terminal
By David Penn Posted on
Categories: Diebold, FinovateFall 2014, Zenmonics
Web

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

With the first afternoon session on the first day of FinovateFall 2014 about to begin, here are Zenmonics & Diebold. Together they are launching mobileBANKER with Enhanced In-Lobby Terminal.

“The solution pioneers a self-service terminal platform for financial institutions that combines advanced teller transactions with a tablet-based application for effective guided sales, cross selling, servicing, and account opening features.”
Presenting: David Dye (VP Sales, Zenmonics), Shelly Ewing (Director, New Business & Solution Incubation, Diebold)
ZenmonicsHomepage_LiveBlog
Product Launch: September 2014
Metrics: Zenmonics is a privately held company; Diebold is a public company with 7,000 employees serving 600 locations
Product distribution strategy: Direct to Business (B2B), through other fintech companies and advice centers
HQ: Charlotte, NC (Zenmonics), Canton, OH (Diebold)
Founded: 2007 (Zenmonics), 1859 (Diebold)

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Digital Mailer’s My Virtual StrongBox Provides Secure Storage and Access Anytime, Anywhere

Digital Mailer’s My Virtual StrongBox Provides Secure Storage and Access Anytime, Anywhere
By David Penn Posted on
Categories: DigitalMailer, FinovateFall 2014
DigitalMailerLogo_FF2014

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

Our next presenter is Digital Mailer with My Virtual StrongBox

“My Virtual StrongBox was created by a team of technology innovators with more than 175 combined years of finance industry experience. This product combines the peace of mind of a safe deposit box with the convenience of online storage services. More importantly, your customers can trust that their files will be backed up and safe from prying eyes.”
Presenting: Ron Daly (CEO) & Samantha Thrift (Sales Associate)
DigitalMailerHomepage_LiveBlog
Product Launch: May 2012
Metrics: Available to 1.4M customers and members, available at 16 financial institutions nationwide with over $20B in assets
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed
HQ: Herndon, VA
Founded: May 2012
Twitter: @MyVirtualStrong

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iQuantifi Unveils New Analytic and Predictive Budget Tools to its Virtual Financial Advisor Solution

iQuantifi Unveils New Analytic and Predictive Budget Tools to its Virtual Financial Advisor Solution
By David Penn Posted on
Categories: FinovateFall 2014, iQuantifi
iQuantifi Logo DePalma d4

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

Moving into the second half of our morning session, here is the team from iQuantifi, demoing the “Cashfinder” and “What if” features of its virtual financial advisor solution.

“iQuantifi is introducing two new features to make it even easier for users to create their own financial plan and achieve their goals. When a user does not have enough money to fund all their goals, our “Cashfinder” analyzes their budget and recommends which expenses a user can reduce to cover the monthly shortage. Our “What If” feature allows users to adjust their goals to see the immediate impact on their financial plan. By comparing two different paths to goal achievement, a user can determine which plan best fits their lifestyle.
Presenting: Tom White (CEO & Founder) & Karen White (CPO & Co-Founder)
iQuantifiHomepage_LiveBlog
Product Launch: September 2014
Metrics: Raised $1.1M to date; 7 employees; over 25% of site traffic converted to users
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, through other fintech companies and platforms
HQ: Nashville, TN
Founded: June 2011
Website: iquantifi.com
Twitter: @iquantifi

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eMoney Advisor Brings Unparalleled Interactivity to Online Wealth Planning

eMoney Advisor Brings Unparalleled Interactivity to Online Wealth Planning
By David Penn Posted on
Categories: eMoney Advisor, FinovateFall 2014
eMoneyAdvisorLogo_FF2014

This post is part of our live coverage of FinovateFall 2014

Our next presenter is eMoney Advisor, demoing EMX.

“Smarter, faster, friendly, and easier to use, EMX is the next generation of the eMoney Advisor experience. While we’ve always led the pack in financial planning, we’ve stepped up our game, creating a platform for an unparalleled interactive experience for advisors and their clients, improving efficiency with new integrations and better connections. And with robust analytics and a more intuitive interface, EMX empowers our advisors to maximize the potential of their book of business. Learning from over 14 years of experience and feedback from more than 20,000 advisors, with EMX, we’ve built the ultimate wealth-management solution that will redefine success in an advisor’s business.”
Presenting: Kyle Wharton (Business Development) & Chad Porche (Development)
eMoneyAdvisorHomepage_LiveBlog
Product Launch: October 2014
Metrics: eMoney aggregates more than $1T in client assets over 878,243 accounts, managed by a network of more than 20,000 financial services professionals across the country.
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
HQ: Conshohocken, PA
Founded: 2000
Twitter: @emoneyadvisor

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