Author: David Penn

Qapital Combines PFM, Safe Balance and Event-Based Savings and Goals into One App

Qapital Combines PFM, Safe Balance and Event-Based Savings and Goals into One App
By David Penn Posted on
Categories: FinovateSpring 2014, Qapital
Qapital_hi_res_FS2014

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

Qapital is our next presenter. The company’s PFM, safe balance, savings and goals app is live in Sweden and in closed beta in the U.S.

“Qapital for iPhone – a unique app that provides answers to the following three questions:
  • How much money can I spend?
  • How am I spending my money?
  • How can I achieve the things that really matter to me?
The knowledge contained in the PFM transaction data is leveraged to create small and inspiring ways to show how much you are able to spend as well as how to achieve your goals through savings.
Here are some examples of the smart and inspirational features:
  • You’ve spent less on taxis than usual this month; do you wish to transfer the surplus to your ski trip goal?
  • Tax yourself a dollar toward your new guitar every time you buy a beer.
  • Yes, you can afford that sweater if you skip five coffees at Starbucks!”
Presenting: George Friedman (CEO & Founder) and Henrik Wrangel (Chief Product Officer)

Product Launch: November 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B) through financial institutions, licensed
HQ: Stockholm, Sweden
Founded: September 2012
Website: qapital.com
Twitter: @qapitalapp

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PrivatBank Brings Smartphone-Controlled ATM Technology to Western Market

PrivatBank Brings Smartphone-Controlled ATM Technology to Western Market
By David Penn Posted on
Categories: FinovateSpring 2014, PrivatBank
Privatbank_hi_res_FS2014

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

Coming to the stage – all the way from the Ukraine – is the team from PrivatBank.

Topless Android ATM is an ATM without an unnecessary TOP. It is equipped with an Android phone with an NFC chip, Raspberry Pi, cash dispenser, and safe. The ATM has minimum electronics and no keypad or buttons and is controlled by customers’ smartphones.
Presenting: Kristina Chaiykovskaya (Deputy Head, E-Business) and Maria Gurina (Deputy Head, E-Commerce)

Product Launch: October 2013
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Dnepropetrovsk, Ukraine
Founded: March 1992
Website: privatbank.ua

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Red Giant App Makes Ordinary Payment Cards Intelligent, Flexible and Secure

Red Giant App Makes Ordinary Payment Cards Intelligent, Flexible and Secure
By David Penn Posted on
Categories: FinovateSpring 2014, Red Giant
Red_Giant_hi_res_FS2014

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

Our next presenter is the team from Red Giant.

Red Giant’s groundbreaking service gives you financial control and security you have not had until now. Red Giant keeps your debit card locked until you are ready to use it. And when you want to make a purchase you just use the mobile app to unlock your card with the touch of a button.
When you unlock your Red Giant card it works just like any other card, only better. You get instant receipts, immediate balance updates, and a real-time picture of your actual spending compared to your goals – right on your smartphone.
You can use your Red Giant physical card anywhere standard cards are accepted. Red Giant Digital cards – shown securely in our mobile app – let you separately control your online purchases.
Presenting: Robert Sears (CEO) and Lindsay Douglass (Project Manager)

Product Launch: April 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
HQ: Palo Alto, California
Founded: June 2008

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Zumigo Demos Assure Technology to Speed and Simplify eCommerce Transactions

Zumigo Demos Assure Technology to Speed and Simplify eCommerce Transactions
By David Penn Posted on
Categories: FinovateSpring 2014, Zumigo
Zumigo_hi_res_FS2014

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

Zumigo is on stage now, about to debut its Assure solution for securing financial transactions, identifying devices and their owners, and enabling marketing

“Zumigo is demonstrating a revolutionary new way to simplify the account-opening funnel and reduce shopping cart abandonment. Financial institutions and eCommerce companies can integrate this solution to existing new-customer flows on websites and mobile applications. By leveraging its access to mobile networks and related account data, Zumigo can pre-populate forms with a customer’s name, address, phone number, and even tokenized credit card data. Now a customer’s mobile phone can provide the data needed to streamline, reduce risk, and secure any transaction.”
Presenting: Chirag Bakshi (CEO & Founder) and David Pinski (VP Product Management)

Product Launch: April 2014
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
HQ: San Jose, California
Founded: December 2009
Website: zumigo.com
Twitter: @zumigo1

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Avoka Launches TransactWeb to Turn Paper, PDF and Web Forms into Digital SmartForms

Avoka Launches TransactWeb to Turn Paper, PDF and Web Forms into Digital SmartForms
By David Penn Posted on
Categories: Avoka, FinovateSpring 2014
Avoka_hi_res_FS2014

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

Making their way to the stage now is the team from Avoka.

Avoka TransactWeb is the Customer Transaction Experience Game Changer. As the leading Multi-Channel Data Collection SmartForm & Transaction Management System, it transforms mobile-unfriendly, painful-to-fill-in, hard-to-maintain, slow-&-dirty-data, channel-constrained Paper, PDF, or Web Forms (such as account opening & loan applications, permits & license, student enrollment, and insurance claims) into mobile-optimized, easy-&-intuitive-to-fill-in, fast-&-agile-to-maintain, high-quality-data Multi-Channel SmartForms for a seamless, multi-channel customer transaction experience.
It also announced a partnership with miiCard that will allow customers to use their miiCard online ID verification to replace physical ID verification.
Presenting: Phil Copeland (CEO) and Jeff Kalicki (Senior Account Executive)

Product Launch: March 2014
Metrics: Over 100 employees; offices in US, UK, and Australia; tier 1 & 2 Financial Services clients; government clients in US, UK, and Australia; industry-leading NPS score (+41).
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms.
HQ: Denver, CO
Founded: January 2002
Website: avoka.com
Twitter: @avokatech

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Smarter Authentication from Encap Security Combats CNP Fraud

Smarter Authentication from Encap Security Combats CNP Fraud
By David Penn Posted on
Categories: Encap, FinovateSpring 2014
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This post is part of our live coverage of FinovateSpring 2014.

Our next presenter is the team from Encap Security.  The company’s Smarter Authentication solution helps provide a secure, seamless omnichannel experience for financial institutions and their customers.

“In the wake of Target and other large retail breaches, Encap has the first solution that can be used to combat CNP fraud – the way most compromised cards are used. Encap is demoing our authentication solution with an emphasis on the importance of thinking outside the traditional ‘authentication’ box.
Because Smarter Authentication is complex, secure, and provides a simple and seamless user experience, it is ideally suited to address not only mobile and online banking transactions, but also CNP transaction approval.”
Presenting: Adam Dolby (VP Business Development) and David Nayes (Director of Sales)

Product Launch: November 2012
Metrics: Based in Oslo and Palo Alto, Encap Security’s management team has more than 60 years experience and an unrivaled pedigree in authentication, identity management, mobile app security, and mobile financial services. Following a recent funding round, the total investment in Encap Security stands at $6.6 million. Encap Security’s solution is used by major financial institutions, enterprises, and technology integrators including Santander Consumer Bank Norway, EnterCard, and Sparebaken Vest.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms.
HQ: Palo Alto, CA
Founded: October 2012
Twitter: @encapsecurity

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Artivest’s Online Platform Puts Private Funds Within Reach of Average Investors

Artivest’s Online Platform Puts Private Funds Within Reach of Average Investors
By David Penn Posted on
Categories: Artivest, FinovateSpring 2014
Artivest_hi_res_FS2014

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

Our next presenter is Artivest, presenting its online investing platform and Artivest Access funds.
“Artivest’s platform streamlines the process of investing in a private investment fund. Our online platform features a series of Artivest Access funds, which allow our members to invest in leading private funds with low minimums and transparent reasonable fees.
The Artivest team conducts extensive selection and due diligence processes, presenting only those funds that we believe to be truly exceptional. While the traditional process for investing in a private fund required days of travel and mountains of documents, the Artivest platform allows investors to access, evaluate and invest in a fund entirely online.
Once an investor has decided to commit to a particular fund, our online investment flow guides them through a seamless submission process. What’s more, we help fund managers engage more efficiently and effectively with sophisticated investors in our online community.”

Presenting: James Waldinger (CEO) and David Levine (CIO)

Product Launch: Privately launched: January 2014
Metrics: $3.4 million raised; 11 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: New York, New York
Founded: June 2012
Website: artivest.co
Twitter: @artivest

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LendUp Launches its RESTful API Platform to Support MultiChannel Consumer Lending

LendUp Launches its RESTful API Platform to Support MultiChannel Consumer Lending
By David Penn Posted on
Categories: FinovateSpring 2014, LendUp
LendUp_hi_res_FS2014

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

Our next presenter is LendUp. The socially-responsible lender has earned investment from sources ranging from Google Ventures to Kleiner Perkins.

“LendUp is proud to enable partners to leverage the first RESTful API Lending Platform. We have exposed the same core platform that has built and launched LendUp’s diverse suite of consumer lending products and channels – a fully compliant mobile, web, or custom integration for consumer lending with a focus on market solutions to subprime or payday lending.”
Presenting: Sasha Orloff (CEO & Co-Founder) and Jacob Rosenberg (CTO & Co-Founder)

Product Launch: FinovateSpring 2014
Metrics: $20 million raised from Y-Combinator, Google Ventures, QED Investors, Data Collective, Andreessen Horowitz, Kleiner Perkins, Kapor Capital, Thomvest Ventures, SV Angel & Startfund
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed.
HQ: San Francisco, California
Founded: November 2011
Website: lendup.com
Twitter: @LendUpLoans

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Rippleshot’s Anti-Fraud Solution Scans the Network to Detect Data Breaches at the Point of Sale

Rippleshot’s Anti-Fraud Solution Scans the Network to Detect Data Breaches at the Point of Sale
By David Penn Posted on
Categories: FinovateSpring 2014, Rippleshot
Rippleshot_hi_res_FS2014

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

Rippleshot is up next, unveiling their security solution for protecting both the integrity of consumer credit data and the merchant payment network.

“Rippleshot technology scans credit card transactions across the entire payment network profiling merchant transactional behavior and looking for suspicious patterns. When fraudulent activity occurs on the network Rippleshot can quickly sort through hundreds of millions of credit card transactions to quickly identify the compromised point of purchase that all the fraudulent cards have in common. Since fraudulent spending with compromised cards takes place over weeks and months, quick detection helps banks reissue cards and stop fraud before it occurs, thereby saving over 25% in potential fraud losses.”
Presenting: Canh Tran (CEO & Co-Founder) and Lucas Ward (COO & Co-Founder)

Product Launch: April 2014
Metrics: $500,000 bootstrapped & 8 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions, through payment processing partnerships with merchants
HQ: Chicago, Illinois
Founded: June 2013
Website: rippleshot.com
Twitter: @RippleAlerts

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New Technology from Spreedly Turns its Credit Card Vault in the Cloud into an Industry API for Consuming Card Data

New Technology from Spreedly Turns its Credit Card Vault in the Cloud into an Industry API for Consuming Card Data
By David Penn Posted on
Categories: FinovateSpring 2014, Spreedly
Spreedly_lo_res_logo

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

Spreedly is on its way to the stage right now. The company is launching its Payment Method Distribution & Card-on-File Updater.

“Prior to today, Spreedly could take a stored card and pass it against a Spreedly integrated payment gateway. With today’s announcement three new things are happening. Firstly, customer’s can create their own end points to which they want to pass cards. No more relying on Spreedly to do the work. Secondly, those end points can be more than just payment gateways. Think of it as an industry API for consuming card data (hotel, ticketing, restaurant, and transportation). And thirdly, customers can use Spreedly to automatically update cards across 60+ gateways, which means no more lost revenue from lost or expired cards.”
Presenting: Justin Benson (CEO) and Brendon Prebble (Business Development)

Product Launch: April 2014
Metrics: We have raised $1 million in angel funding, have 150 customers, and are processing approximately 160,000 successful CC transactions (worth around $15 – 20 million in top-line revenue) monthly on our platform
Product distribution strategy: Direct to Business (B2B)
HQ: Durham, North Carolina
Founded: January 2008, hard pivot in March 2013
Twitter: @spreedly

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OnBudget’s Latest Technology Gives Customers a Virtual Envelope Budgeting System

OnBudget’s Latest Technology Gives Customers a Virtual Envelope Budgeting System
By David Penn Posted on
Categories: FinovateSpring 2014, OnBudget
OnBudget_hi_res_FS2014

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

Our next presenter is the team from OnBudget with a 21st century wrinkle on an old school budgeting strategy.

“OnBudget combines a free, simple-to-use app with a free (& totally fee-free) household Budget Card that links to a user’s checking or savings account. Users effortlessly set up and manage budgets, track spending and view spending trends in real time by category. The OnBudget platform analyzes transactions, identifies trends and interacts with users in real time, becoming an instant virtual “envelope budgeting system” that helps banked customers manage daily living expenses, It’s uncomplicated, intuitive, real time, habit-forming and, best of all, totally free.”
Presenting: Jim Collas (CEO & President) and Mike Corrales (VP Marketing)

Product Launch: November 2013
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, licensed
HQ: San Diego, California
Founded: 2012
Website: onbudget.com
Twitter: @On_Budget

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Radius Debuts its Big Data Solution to Help FIs Define, Identify, and Market to Their Best Customers

Radius Debuts its Big Data Solution to Help FIs Define, Identify, and Market to Their Best Customers
By David Penn Posted on
Categories: FinovateSpring 2014, Radius
Radius_hi_res_FS2014

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

Radius is our next presenter, demoing its modern solution for marketing to small businesses.

With Radius, you can connect your prospect and customer data to our living, breathing database of 27 million SMBs in the United States. Analyze your customers based upon hundreds of business attributes to define your best market segments. Once you’ve defined your best customers, create look-alike lead lists, deploy campaigns, and measure conversion.
Presenting: Darian Shirazi (CEO)

Product Launch: March 2014
Product distribution strategy: Direct to Business (B2B)
HQ: San Francisco, California
Founded: 2009
Website: radius.com
Twitter: @radius

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