Author: David Penn

Float Money Offers Interest-Free, Fee-Free Lines of Credit for Shoppers

By David Penn Posted on
Categories: FinovateFall 2013, Float Money

FloatMoneyLogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Next up is Float Money, with their innovative online lending and marketing platform, Float.

“Float offers a line of credit without interest or fees. The loans can be used for any purpose. Members earn the interest-free line by shopping through Float. Float earns marketing revenue from merchants instead of interest and fees from borrowers.”

Product Launch: June 2012
Metrics: $1 million raised; 1,500 registered users
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, &through other fintech companies and platforms.
HQ: New York, NY
Founded: August 2011
Website: floatmoney.com
Twitter: @floatmoney
Presenting Shane Hadden (CEO) and Chad Hurley (CTO)

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The full demo video will be available at Finovate.com in mid-September.

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RevolutionCredit Launches Platform to Improve the Consumer Credit Process

By David Penn Posted on
Categories: FinovateFall 2013, RevolutionCredit

revolutioncredit_logo_rgb.jpgThis post is part of our live coverage of FinovateFall 2013.

RevolutionCredit is here to show of their RevolutionCredit Platform to help spot ideal borrowers.
“RevolutionCredit’s patent pending financial capability development solution helps creditors identify upwardly mobile customers, approve more consumers, mitigate risk, build brand loyalty, and reduce churn. For consumers, RevolutionCredit offers a compelling and progressive alternative to a rejection or penalty. Consumers can now demonstrate to their creditor that they are better than their current score, and are committed to their financial future. 
RevolutionCredit combines self/positive-selection with just-in-time consumer financial capability development at the point of transaction. This transforms the consumer credit process from a system based on punitive and negative selection to one based on education and positive engagement.”

Product Launch: September 2013

Metrics: $1.8M raised in angel funding & 8 employees
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, & through other fintech companies and platforms
HQ: Irvine, California
Founded: April 2012
Presenting Zaydoon Munir (Founder & CEO) and Laura Conrad (COO & CFO)

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The full demo video will be available at Finovate.com in mid-September.

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Ignite Sales Debuts Branch Profitability Dashboards to Help Maximize Sales Performance

By David Penn Posted on
Categories: FinovateFall 2013, Ignite Sales

Thumbnail image for IgniteSalesLogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Ignite Sales is next up to the stage. The Dallas-based company is launching their recommendations engine that matches banking products to customer eligibility in real-time at the point-of-sale.

“Ignite’s innovative Branch Profitability Dashboards offer a breakthrough in branch performance measurement. The visual dashboards give bank executives unprecedented information to manage the sales process and determine which branches are profitable.”
Product Launch: September 2013
Product distribution strategy: Through financial institutions & licensed
HQ: Dallas, Texas
Founded: September 1997. Launched 2010
Twitter: @Ignitesales
Presenting Mitchell Orlowsky (CEO) and Barbie Boe (VP Marketing & Founder)
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The full demo video will be available at Finovate.com in mid-September.

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Tinkoff Credit Systems Brings its Click-To-Meet Technology to the U.S.

By David Penn Posted on
Categories: FinovateFall 2013, Tinkoff Credit Systems

Tinkofflogo.jpgThis post is part of our live coverage of FinovateFall 2013.

All the way from Moscow, here’s Russia’s leading provider of online financial services, Tinkoff Credit Systems, with their Click-To-Meet technology.
“The customer can apply online or by phone for a credit card, debit card, or to make a deposit. She simply has to complete the application on the bank’s website and the next day the bank’s representative (‘smart courier’) will meet her at her place of choice to sign documents and to deliver the card.
This facility is mind-bogglingly good. The implementation of this innovation took the following steps:
      • We established a nationwide courier system specifically for our online deposit programme
      • We extended the courier delivery programme to credit cards
      • As we honed the service, we developed our own technologies and software
      • TCS now operates one of the biggest courier companies in Russia.”
Product Launch: May 2013
Metrics: 5,900 employees, $2.3B in assets, & over 3 million credit cards issued
Product distribution strategy: Direct to Consumer (B2C)
HQ: Moscow, Russia
Founded: December 2006
Twitter: @tcsbank
Presenting Oliver Hughes (President & CEO) and Anna Mikhina (Manager, Development of Mobile Products)
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The full demo video will be available at Finovate.com in mid-September.

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FlexScore’s Action Steps, Peer Ranking Helps Consumer Game the Financial Planning Process

By David Penn Posted on
Categories: FinovateFall 2013, FlexScore

FlexScorelogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our next presenter is FlexScore, created by two financial advisors to “gameify” the financial planning process.

“FlexScore is an entirely new financial product that empowers people to take more control over their personal finances. It’s financial advice for the rest of us.
We will be demoing our newly patented scoring engine and peer ranking features of the FlexScore web app.”
Product Launch: Beta launch May 2013
Metrics: $1.5M raised & 6 employees
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: April 2012
Metrics: $1.5M raised & 6 employees
Website: flexscore.com
Twitter: @myflexscore
Presenting Jason Gordo (Co-Founder & CEO) and Jeff Burrow (Co-Founder & President)
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The full demo video will be available at Finovate.com in mid-September

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Lumesis Helps Advisors Build a Better Compliance Infrastructure

By David Penn Posted on
Categories: FinovateFall 2013, Lumesis

LumesisDIVERlogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Leading off our final session of Day One here at FinovateFall 2013 is Lumesis introducing DIVER.
“A comprehensive information delivery and compliance solution serving Financial Advisor Networks. DIVER Advisor is designed to protect the firm via a robust compliance infrastructure.
Financial advisors gain insights to activity around client positions through real-time dashboards and easily access internal credit research. A simple to generate CUSIP-driven reporting module addresses adherence to regulatory requirements.”
Product Launch: April 2013
Metrics: 20 employees, 70 institutional clients & 17,000+ users. Funding to date is $5.23M
Product distribution strategy: Direct to Business (B2B), through financial institutions, other fintech companies, trading platforms, portfolio management platforms, & licensed to firms.
HQ: Stamford, Connecticut
Founded: July 2010
Website: lumesis.com
Presenting Gregg Bienstock (CEO & Co-Founder) and Timothy Stevens (COO, President & Co-Founder)
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The full demo video will be available at Finovate.com in mid-September.

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GMC Software Technology Unveils Inspire Dynamic Statement for Mobile

By David Penn Posted on
Categories: FinovateFall 2013, GMC Software Technology

GMCSoftwareTechlogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our final presenter before the afternoon break here on Day One of FinovateFall is GMC Software Technology.
“GMC Inspire Dynamic Statement for Mobile delivers a new communication platform for banks. The GMC Inspire Dynamic Statement enables banks to complete their multi-channel communications portfolio, by bridging the gaps between paper statements to mobile statements. 
This game-changing innovation allows banks to upgrade existing web, email, social, and print-based communications projects to deliver interactive, digital statements that provide easy to understand graphical representations of financial information. 
GMC Inspire Dynamic Statement for Mobile allows customers to tap their way deep into their transactional data, building upon the GMC Inspire Dynamic Statement for Tablet application.”
Product Launched: Q3 2013
Product distribution strategy: Direct to Business (B2B), through financial institutions, & licensed

HQ: Appenzell, Switzerland

Founded: 1994
Website: gmc.net
Twitter: @gmc_net
Presenting Scott Draeger (Customer Communication Strategist) and Antoine Hemon-Laurens (Director, Mobile Product Marketing)

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The full demo video will be available at Finovate.com in mid-September.

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Zenmonics Launches mobileBanker to Drive Sales and Service Inside and Outside the Branch

By David Penn Posted on
Categories: FinovateFall 2013, Zenmonics

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This post is part of our live coverage of FinovateFall 2013.

Our next presenter is Zenmonics. The team is on their way to the stage right now.
“Our pioneering mobileBanker tablet gives universal associates access to sales and servicing features both inside and outside the branch or store.
Built upon our secure channel integration technology, mobileUNITED, banks can easily extend their current systems without costly core system upgrades or lift-and-replace projects. The system agnostic approach provides an accelerated path for financial institutions to have customer data, product information, sales tools, and account opening at their fingertips – whether they are meeting with customers inside or outside the branch.”
Product Launch: September 2013
Metrics: Private company, 100% owned by Founder, approx. 200 employees, & $12M-$15M annual revenues
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, & licensed.
HQ: Charlotte, North Carolina
Founded: May 2007
Website: zenmonics.com
Presenting Chris Siemasko (SVP Product Solutions)
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The full demo video will be available at Finovate.com in mid-September.

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Zighra Debuts Automatic, Instantaneous User Recognition with KineticID

By David Penn Posted on
Categories: FinovateFall 2013, Zighra

Zighralogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our next presenter is Zighra, presenting their user recognition innovation, KineticID.
“Zighra KineticID provides effortless, automatic, and instantaneous user recognition by adding an invisible security layer to mobile authentication. 
KineticID implicitly recognizes a user by actively evaluating the user’s unique kinetic interaction signature with their mobile device. Securely avoiding mandatory password and PIN authentication eliminates observational shoulder surf, keylogger, and toughlogger risks vectors.”
Product Launch: September 2013
Metrics: $1.2M raised & 8 employees
Product distribution strategy: Direct to Business (B2B) & through other fintech companies and platforms.
HQ: Ottawa, ON, Canada
Founded: May 2009
Website: zighra.com
Twitter: @dcdutt
Presenting Deepak Dutt (CTO) and Michael Bingham (Lead Researcher)
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The full demo video will be available at Finovate.com in mid-September.

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Manilla Presents Their Bill Management Integration with AOL

By David Penn Posted on
Categories: FinovateFall 2013, Manilla

Thumbnail image for ManillaLogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Coming to the stage now is the team from Manilla. Manilla will be demonstrating how their bill management solution has been integrated into AOL Mail.
“Manilla launched a distribution deal within AOL reaching 24M users. Manilla is now seamlessly integrated into AOL Mail as the new AOL Bill Manager tool powered by Manilla. Manilla’s new email import feature will scan a user’s AOL inbox and suggest providers that the user has an account with and load them automatically into Manilla. The AOL Bill Manager Powered By Manilla will provide partners with increased engagement, additional marketing opportunities, enhanced data insights and more.”

Product Launch: August 2013

Metrics: More than 500,000 users, on track to reach 1M by the end of the year, more than 3M linked accounts; 3,500 businesses under management, 50+ employees, & distribution deal within AOL, reached 24M users.
Product distribution strategy: Direct to Consumer (B2C) & Direct to Business (B2B)
HQ: New York City, New York
Founded: February 2011
Website:manilla.com
Twitter: @manilla
Presenting Christopher Victory (VP, Business Development) and Jim Sullivan (Director, Business Development)
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The full demo video will be available at Finovate.com in mid-September.

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Guide Financial Provides Affordable Personal Money Mentorship with Savings Scan

By David Penn Posted on
Categories: Guide Financial

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This post is part of our live coverage of FinovateFall 2013.

Guide Financial is next up to the stage. The company’s technology brings affordable financial guidance to the 70% of Americans that don’t have access to it.

“Guide’s Savings Scan automatically analyzes users’ finances to find savings in multiple areas and provides step-by-step guidance to help users easily capture these savings.
We will demonstrate how Guide’s technology works for mortgage refinancing, as it helps users make smart choices for every major savings opportunity – from picking the perfect loan type through to paying less on closing costs.”
Product Launch: November 2012
Metrics: $500,000 raised; 4 employees; average savings of $7,000 per user
Product distribution strategy: Direct to Consumer (B2C) & through other fintech companies and platforms
HQ: San Francisco, California
Founded: November 2012
Twitter: @GuideFinancial
Presenting Uri Pomerantz (Co-Founder & CEO) and Scott Burns (Co-Founder)

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The full demo video will be available at Finovate.com in mid-September.

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CR2’s BankWorld Helps FIs Engage the Right Customer on the Right Channel

By David Penn Posted on
Categories: CR2, FinovateFall 2013

CR2high-res.jpgThis post is part of our live coverage of FinovateFall 2013.

CR2 is making its way to the stage right now. The company is demoing its BankWorld ATM Studio.

“CR2 brings an innovative perspective to the ATM channel through a never seen before touchscreen interface inspired by kiosk and mobile practices. With CR2’s BankWorld, ATMs become interactive, promote cross-selling, and provide a unique, tailored customer experience.”
Product Launch: September 2013
Metrics: Over 100 banks in 60 countries have adapted CR2’s solutions. CR2 has a network of well-established offices strategically located in 6 countries: Ireland, Australia, India, South Africa, UAE, and Jordan with 180 employees.
Product distribution strategy: Direct to Business (B2B) & licensed
HQ: Dublin, Ireland
Founded: 1997
Website: CR2.com
Twitter: @CR2_Ltd
Presenting Lance Gourlay (CR2 Regional Director), Patrick Simons (Principal Consultant), and Eugene Podzorov (CR2 ATM Expert)

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The full demo video will be available at Finovate.com in mid-September.

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