Author: David Penn

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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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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