Author: David Penn

Digital Insight Previews its Promotion Suite for Mobile

Digital Insight Previews its Promotion Suite for Mobile
By David Penn Posted on
Categories: Digital Insight, FinovateSpring 2014
Digital_Insight_hi_res_FS2014

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

With a goal of helping financial institutions provide more relevant, more personalized cross-sell offers to their customers, here is Digital Insight with their Promotion Suite for Mobile.

Digital Insight is demoing Promotion Suite for Mobile, an enhancement to Digital Insight’s current Promotion Suite that brings highly personalized, relevant, cross-sell offers from financial institutions to their customers. 
The new Promotion Suite for mobile extends financial institutions’ ability to create, manage, distribute, and measure targeted cross-sell campaigns that reach the right customers online or on their mobile device with the right products at the moment of truth. Extending Promotion Suite to the mobile channel greatly improves offer relevancy to deliver targeted offers anywhere, anytime, and on any device.
Presenting: Karishma Anand (Director of Product Management) and Marshall Yuan (Senior Product Manager)

Product Launch: Promotion Suite for mobile will be in the pilot stage by summer 2014 with limited availability by the end of 2014. Video integration will be in the pilot stage by the end of 2014 with limited availability in 2015.
Metrics: Digital Insight has a diversified customer base of over 1,000 financial institutions with over 11 million online banking and 4.8 million mobile banking end users across mobile devices. Digital Insight was acquired by NCR (NYSE: NCR) in January 2014.
Product distribution strategy: Through financial institutions
HQ: Menlo Park, CA
Founded: July 1995
Twitter: @digital_insight

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Realty Mogul Debuts its Crowdfunding Tool for Real Estate Investing

Realty Mogul Debuts its Crowdfunding Tool for Real Estate Investing
By David Penn Posted on
Categories: FinovateSpring 2014, Realty Mogul
Realty_Mogul_hi_res_FS2014

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

Our next presenter is real estate crowdfunding innovator, Realty Mogul.

“Realty Mogul is crowdfunding for real estate, the world’s largest online marketplace for real estate lending. Investors are empowered by investor dashboards that standardize and streamline real estate investments across different real estate companies, countless geographies, real estate property types and the entire real estate capital stock. These dashboards allow investors 24/7 access to watch how their real estate investments are generating passive income for them.”
Presenting: Jay Samit (Executive Chairman) and Justin Hughes (CTO & Co-Founder)

Product Launch: March 2014
Metrics: The largest real estate crowdfunding company in the U.S., Realty Mogul has 15 employees and investments in over $100 million worth of real estate value.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: Beverly HIlls, California
Founded: May 2012
Website: realtymogul.com
Twitter: @realty_mogul

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Loop’s Mobile Wallet Solution Provides Secure Card Storage and Pay Everywhere Functionality

By David Penn Posted on
Categories: FinovateSpring 2014, Loop

Loop_logo.jpg

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

Making its way to the stage right now is Loop, demoing its LoopWallet, Loop AppCessories, and Magnetic Secure Transmission (MST) technology.

“Today, consumers’ wallets are stuffed with payment, gift, loyalty, membership, IDs, insurance cards and more. The LoopWallet app allows consumers to securely scan, store, and organize all their cards and use them to pay with their Loop-enabled smartphone or smart accessories nearly  everywhere credit cards are accepted.”
Presenting: Will Graylin (CEO) and Greg Ewald (VP Marketing)

Product Launch: Kickstarter (October 8, 2013); Kickstarter shipments (January 23, 2014); general availability (February 19, 2014)
Metrics: $12 million in Round A; 36 employees; pre-revenue
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
HQ: Burlington, Massachusetts
Founded: August 2013
Website: looppay.com
Twitter: @looppay

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IntelliResponse Leverages its Virtual Agent Technology to Build a Better Offer

IntelliResponse Leverages its Virtual Agent Technology to Build a Better Offer
By David Penn Posted on
Categories: FinovateSpring 2014, IntelliResponse
Intelliresponse_hi_res_FS2014

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

Our next presenter is the team from IntelliResponse with a pair of solutions based around its virtual-agent technology: VOICES and OFFERS.

“VOICES is the first and only Voice-of-the-Customer technology designed to help enterprises visualize and derive actionable insight from customer questions posed on digital channels. VOICES captures and automates authentic Voice-of-the-Customer data from client interactions across web, mobile, agent, and social channels and transforms it into a collection of customer insights.
OFFERS turbocharges the online offers approach by increasing the precision and relevance of targeted offers, resulting in increased conversion in orders of magnitude not possible with traditional approaches. When a customer asks a question via our virtual agent, in addition to getting the one right answer, the customer also receives the one right offer.”
Presenting: David Lloyd (CEO & President) and Paul Smith (VP Product & Services)

Product Launch: June 2013 & April 2014
Metrics: 75 employees; 450+ live customer-facing implementations
Product distribution strategy: Direct to Business (B2B)
HQ: Toronto, Ontario, Canada
Founded: 2000
Twitter: @IntelliResponse

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LendingTree Debuts New LoanExplorer-Powered Mobile App

LendingTree Debuts New LoanExplorer-Powered Mobile App
By David Penn Posted on
Categories: FinovateSpring 2014, LendingTree
lendingtree_hi_res_FS2014

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

Making their way to the Finovate stage now is the team from LendingTree. The company has facilitated more than 30 million loan request and $214 billion in closed-loan transactions.

“LendingTree’s new mobile app empowers consumers to find the best deal on a home loan. Through LendingTree’s Loan Explorer platform, which tracks real-time loan offers, the mobile app analyzes a user’s current loan offer and compares it to real-time offers being made by lenders on the LendingTree network based on available interest rates, fees, charges, and monthly payments.
The easy-to-use app allows users to submit data found in the Good Faith Estimate (GFE) of a consumer’s current loan offer. The tool then analyzes the interest rate, origination fees, and monthly payments to identify possible areas for improvement. Using interactive charts, consumers can see where and how their current offer might be improved and receive negotiating tips for getting a better deal. Additionally, the app displays several real-time offers from lenders that may be able to provide a better deal, compete with contact details and customer ratings and reviews.”
Presenting: Doug Lebda (CEO & Founder) and Nikul Patel (Chief Product Officer)

Product Launch: April 2014
Metrics: Employees: 204; Full Year 2013 Revenue: $136.24 million; unique visitors: approximately 3 million per month; NASDAQ: TREE; Market Cap: $376.4 million
Product distribution strategy: Direct to Consumer (B2C)
HQ: Charlotte, North Carolina
Founded: June 1996
Twitter: @LendingTree

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Motif Investing Unveils its Advisor Platform to Streamline Portfolio Building, Monitoring, and Rebalancing

By David Penn Posted on
Categories: FinovateSpring 2014, Motif Investing

Thumbnail image for motiflogo.jpgThis post is part of our live coverage of FinovateSpring 2014.

Making their way to the stage is Motif Investing, demoing their Motif Advisor Platform for financial advisors.
“Motif Investing is debuting a new, groundbreaking platform for investment advisors that will transform the way they conduct business and interact with clients. The Motif Advisor Platform dramatically streamlines how advisors build, monitor, and rebalance model portfolios around various asset classes so they can provide the highest level of service to clients. They will also have the ability to share market insights and portfolio updates with their clients through user-friendly social technology.”

Presenting: Hardeep Walia (CEO & Co-Founder) and Ramak Fazeli (Manager, Advisor Svcs & Sales)

Product Launch: Beta launch date February 3, 2014
Metrics: Motif Investing has raised $51 million to date and has 52 FTEs.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: San Mateo, California
Founded: June 2010
Twitter: @MotifInvesting

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EyeVerify Brings Eye Vein Biometrics to the Mobile Consumer Market

EyeVerify Brings Eye Vein Biometrics to the Mobile Consumer Market
By David Penn Posted on
Categories: EyeVerify, FinovateSpring 2014
EyeVerify_hi_res_FS2014

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

Our next presenter is biometric authentication specialist, EyeVerify.

“EyeVerify is the exclusive provider of Eyeprint Verification, a highly accurate and secure biometric for mobile devices. Eyeprint Verification delivers a password-free mobile experience and secure authentication at a glance. This patented solution uses existing cameras on smartphones to image and pattern match the blood vessels in the whites of the eye.”
Presenting: Toby Rush (CEO & Founder) and Chris Barnett (EVP Global Sales & Marketing)

Product Launch: June 2014
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Kansas City, Kansas
Founded: January 2012
Website: eyeverify.com
Twitter: @eyeverify

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Finovate Alumni News– April 29, 2014

By David Penn Posted on
Categories: ACI Worldwide, Financial Guard, Fiserv
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinovateSpring 2014 starts today! Be sure to follow our Live Blog here at Finovate.com, as well as our Live Twitter feed #Finovate.
  • Financial Guard introduces enhanced fee transparency tool.
  • ACI Worldwide to offer its ACI UP Token Manager as Saas for debit issuers.
  • US Bancorp is the first large bank to provide Fiserv’s Popmoney Instant Payments. See Fiserv demo at FinovateSpring.
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.

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Fraud Prevention Specialist Signifyd Raises $2 Million in Seed Funding

By David Penn Posted on
Categories: Signifyd

Thumbnail image for SignifydLogo.jpg

Led by Resolute VC, and with participation from Andreessen Horowitz, Data Collective, IA Ventures, QED Investors, Tekton Ventures and other angel investors, Signifyd has raised $2 million in seed financing.

“E-commerce companies can’t waste time and resources cobbling together internal fraud solutions,” said Resolute VC’s Mike Hirshland. “The need for a comprehensive fraud prevention platform is apparent.”

And not just comprehensive fraud prevention, but standalone, as well. One of the distinguishing features of Signifyd is technology that is designed as a holistic solution of merchants who would rather not try and build, or even integrate, a security system on their own.
“(They) have to become an expert on device fingerprinting, IP geo-location, NAP Checks, BIN lookups, social spoofing …” said Signifyd CEO and co-founder Raj Ramanand. “With Signifyd, you get a one-stop solution, from automated scoring to manual review.”
Signifyd is in beta and that beta program continues to be a busy one. According to the company, Signifyd has helped improve manual transaction review times by 60%, and improved catch rates by 20%. Better chargeback detection and fewer declines have also been reported.
The new capital will help Signifyd grow its team of engineers and speed product development.
Signifyd is based in Palo Alto, California, and was founded in 2011. The company demoed its technology as part of the FinovateSpring 2013 show in San Francisco. See a video of Signifyd in action here.

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FinovateSpring 2014 Starts Tuesday: Are You Ready?

FinovateSpring 2014 Starts Tuesday: Are You Ready?
By David Penn Posted on
Categories: FinovateSpring 2014
CityNationalCivicbldg2

The Finovate crew has landed. And a whole van full of padfolios, multi-colored lanyards, tabletop-sized signage, and Best of Show trophies have been unloaded at the City National Civic facility that will host this year’s FinovateSpring 2014.

And here’s some more good news: if you haven’t secured your ticket to FinovateSpring yet, there’s still time left. Click here to buy your tickets and save your spot before the show is sold out.

With that in mind, here are a few reminders, tips, and need-to-knows before the show gets started bright and early Tuesday morning.
Schedule
Registration for FinovateSpring 2014 begins at 8am Tuesday morning, April 29. The first demo will began at 9am sharp, and the live demos continue all day long until 4pm. We begin again Wednesday morning at 9am, with another day full of live demos, again ending at 4pm.
And be sure to stick around during the networking session afterward. We will be announcing winners of our Best of Show competition Wednesday evening at approximately 5pm.
Venue
Our venue in San Jose is the City National Civic building, just down the road from the San Jose State University campus, and across from the convention center. 
It’s a great facility with a lot of style and character. It also has an impressive history of hosting stars from the Rolling Stones and Jefferson Airplane to Los Lobos and Elvis Costello.
You can find the City National Civic building at:
135 West San Carlos Street
San Jose, California 95113
Presenters
We’ve got 68 companies scheduled to demo over the two days of FinovateSpring 2014, with a healthy mix of newcomers and Finovate veterans. You can learn more about our presenters on our Presenters Page. 
The App!
And last but not least, don’t forget the app! We are again doing everything we can to make it easier for you to get to know and connect with our presenting companies. So this year we are partnering with Bizzabo to help you take your networking to the next level.
All you have to do is download the free Bizzabo app from the Apple App store or from Google Play store (search for “Bizzabo”). Once you’ve downloaded Bizzabo, type “Finovate” into the search bar, sign in, and click the green “Join the Community” to get started.  More info on how to make the most of Bizzabo is here.
We couldn’t be more excited about this year’s show and can’t wait to get started. If you have any questions, check out our FinovateSpring 2014 FAQ. Or send us an email at info@finovate.com. In the meanwhile, we’re looking forward to seeing you in San Jose!

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New Jersey Natural Gas Customers Can Now Pay via Check Mobile App

By David Penn Posted on
Categories: Check

Thumbnail image for Check_Logo_new_large.jpg

I don’t know if natural gas truly is the bridge between our dirty fuel past and a green energy future. But I’m increasingly convinced that mobile payments companies like Check are the bridge between our dirty cash past and a future free of paper payments.

Check announced today that it has signed yet another agreement with a major utility company to allow customers to pay their bills via the company’s mobile app. Kathleen Kerr, VP for customer service at New Jersey Natural Gas, said, “many of (our customers) already use Check’s app … So it is a natural next step for us to learn with Check.”

Check’s interest in utility companies and their customers is not new. Back in October the company surveyed more than 50 utility companies as part of what now is clearly an effort to target the industry as a potential customer base. Check currently has relationships with utility companies such as Desert Water Agency, Irvine Ranch Water District, and Alltel.
The Check app is available on both iOS and Android. Check was launched in 2008 and is headquartered in Palo Alto, California. The company’s mobile app is used by more than 10 million bill payers around the country.

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Finovate Alumni News– April 25, 2014

By David Penn Posted on
Categories: Check, InComm, Ondot, The Currency Cloud, Yodlee
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgYodlee deepens ties to developer community, announces partnerships with Startupbootcamp, 25fifteen, and Entrepreneurial Spark.
  • PYMNTS.com features OnDot Systems’ “remote control credit card” technology. See them demo at FinovateSpring in San Jose.
  • New Jersey Natural Gas customers can now pay via Check mobile app.
  • Pymnts interviews The Currency Cloud CEO Michael Lavin.
  • InComm and Marketing Werks launch AFINITI Marketing Platform.
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.

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