Author: David Penn

FlexScore’s Web-Based Platform Gamifies the Financial Planning Process

By David Penn Posted on
Categories: FinovateSpring 2013, FlexScore

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

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As we move toward the end of the first session of Day Two of FinovateSpring, here is FlexScore with their financial planning and goal setting solution.
“At the core of our platform is the FlexScore ‘scoring engine’ comprised of multiple factors the Certified Financial Planner Board of Standards agrees should be monitored by consumers. Based on our patent-pending algorithm, FlexScore is an industry first, a single gauge of a person’s overall financial health. Until now, there’s never been a comprehensive score that represents ‘who’ you are financially. Through a combination of gamification strategies, custom action steps, peer ranking, and the ability to model financial decisions to see how they will impact your future . . . we make improving one’s financial health a fun and achievable goal.”
Product Launched: May 2013
HQ Location: San Francisco, California
Company Founded: May 2012
Metrics: $1.5 million raised; 6 employees
Website: flexscore.com
Twitter: @myflexscore
Presenting Jason Gordo (CEO) and Jeff Burrow (President)

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Encap’s Multi-Factor Authentication Solution Provides Speed and Security

By David Penn Posted on
Categories: Encap, FinovateSpring 2013

ENCAPLogo_Orange.jpgThis post is part of our live coverage of FinovateSpring 2013.

Bridging the gap between banking grade security and user experience is our next presenter, Encap.
“The Encap product is a software-based authentication solution that provides uncompromising speed, security, and simplicity to boost the adoption of financial services and applications. It allows any service provider to offer two- and three-factor authentication using the customer’s smart device. 
Integrating Encap’s client SDK with a native app creates a seamless, familiar login experience while maintaining banking-grade access security. The 1st (“know”) factor is the user-defined PIN, the 2nd (“have”) factor is the uniquely identifiable smart device and the 3rd factor (“are”) is the user’s typing behavior. By integrating with Encap’s server-side SDK, the service provider can use Encap’s solution as part of its existing identity management access control service and signature systems.”
Product Launched: December 2012
HQ Location: Oslo, Norway
Company Founded: June 1, 2008
Metrics: 8 employees
Twitter: @encapsecurity
Presenting Thomas Bostrøm Jørgensen (CEO)

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LICUOS Launches Secure, B2B Payables, Receivables Processing Solution

By David Penn Posted on
Categories: FinovateSpring 2013, LICUOS

Thumbnail image for LICUOS_small_logo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Coming to the stage next to present their global B2B payment platform is Madrid-based LICUOS.
“LICUOS is demoing its core technology: a unique proprietary and patent-pending technology that enables an efficient and highly secure processing of accounts payable and receivable transactions, 24/7 and in real-time, to deliver the best financial optimization and user experience. Our algorithms automatically identify and generate the most convenient and efficient netting, payment and funding proposals. They manage all of the associated transactions that allow businesses to significantly reduce or eliminate their commercial debts. LICUOS gives businesses full control and visibility into the payment process and allows them to easily communicate and negotiate with their business partners.”
Product Launched: 2013
HQ Location: Madrid, Spain
Company Founded: December 2012
Metrics: Product in development since early 2012; seed capital from IDEON Financial Solutions & AVS
Website: licuos.com
Twitter: @licuos_en
Presenting Iker de los Rios (CEO & Co-Founder) and Lander Gonzalez (Co-Founder)

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Go Social: Finect Introduces its Online Social Network for the Financial Industry

By David Penn Posted on
Categories: Finect, FinovateSpring 2013

Thumbnail image for finect_logo_large_CMYK.jpgThis post is part of our live coverage of FinovateSpring 2013.

Coming to the stage next is Finect, the online social network for financial advisors, asset managers, investors, and other industry professionals.
“The first social network focused solely on the needs of the industry features:
  • Professional Verification – the only network to check credentials and raise the quality of the network
  • Groups – the ability to create public or private groups to update customers or employees instantly or build brand and awareness with prospective clients
  • One-Stop Social Communications – post once and share content with many (LinkedIn, Twitter)
  • Social Products – investment products that can now be followed for real-time alerts and community opinions
  • Compliance – full permissions, content controls, archiving, and reporting for compliance officers and marketers to remain SEC/FINRA compliant.”
Product Launched: May 2013
HQ Location: New York, New York
Company Founded: 2012
Website: finect.com
Twitter: @finectcom
Presenting Jennifer Openshaw (President) and Nicolas Oriol (CEO & Founder)

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InvoiceASAP Unveils their Mobile Invoice Network for the Enterprise

By David Penn Posted on
Categories: FinovateSpring 2013, invoiceASAP

invoiceasap_logo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Our final presentation of Day One of FinovateSpring 2013 comes courtesy of InvoiceASAP, who is bringing mobile and cloud-based innovation to the world of business invoicing.
“InvoiceASAP is showing how the platform works with QuickBooks Online, Capital One Spark Payments for mobile payments, and mobile printing using the Zebra family of Bluetooth printers. InvoiceASAP is launching the Zebra printer integration on stage as well as our open API for Enterprise developers.”
Product Launched: May 2011
HQ Location: San Francisco, California
Company Founded: November 2010
Metrics: $435,000 raised; 120,000 registered accounts; $20,000 in monthly revenues; 3.5 employees
Twitter: @invoiceasap
Presenting Paul Hoeper (CEO) and Anne Maxwell (CTO)

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Escardgot Launches the Helix SCard and SCard-Go Mobile App

By David Penn Posted on
Categories: Escardgot, FinovateSpring 2013

Escardgotlogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Representatives of Escardgot are coming to the stage now. The company’s technology makes it easier for cardholders to use the right card for the right transaction.
“The patented Helix SCard, combined with the SCard-GO mobile app, allows a consumer to reduce their wallet-full-of-cards down to a single, secure card. The innovative technology inside the Helix SCard allows it to become any magnetic stripe card – for example, a credit or debit card. 
In addition to selecting different cards, SCard-GO mobile app allows a consumer to make transactions, review transactions, and receive electronic offers from merchants. The Helix SCard works with existing POS technology and does not require a hardware upgrade like NFC does. And because it does not require a transaction fee, it is transparent to the credit industry, unlike Square. It is also transparent for the end consumer, as the Helix SCard has the same form factor, appearance, and behavior as a standard credit card.” 
Product Launched: May 2013
HQ Location: Sacramento, California
Company Founded: October 2011
Metrics: 3 founders and 5 part-time employees
Website: escardgot.com
Twitter: @Escardgot
Presenting Tom Humphrey (COO) and Garrett Unglaub (Director, Marketing)

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GreenDot Introduces GoBank, the Mobile-Optimized Bank

By David Penn Posted on
Categories: FinovateSpring 2013, Green Dot

GoBank_Logo_small.jpgThis post is part of our live coverage of FinovateSpring 2013.

One of the biggest names in prepaid cards, GreenDot is here to present their latest innovation: GoBank.
“GoBank is a brand of Green Dot Bank, Member FDIC. GoBank is the first bank account designed from scratch to be opened and used on a mobile device. With GoBank, members have full access and control of their money from their iPhone, iPod Touch, or Android device, have no overdraft fees or minimum balance requirements, and can withdraw cash from more than 42,000 fee-free ATMs in the U.S.”
Product Launched: 2013: beta in January; general availability in June
HQ Location: Pasadena, California
Company Founded: Green Dot, 1999; GoBank 2013
Metrics: More than 590 team members; more than 4 million active prepaid cardholders
Website: gobank.com
Twitter: @gobank
Presenting Steve Streit (CEO & Chairman) and Alok Deshpande (VP Product Development)

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Realty Mogul Launches Crowd-Funding Platform for Real Estate Investing

By David Penn Posted on
Categories: FinovateSpring 2013, Realty Mogul

Thumbnail image for RealtyMogulLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Just in time for the recovering real estate market, here’s Realty Mogul. The company helps bring investment capital to a variety of commercial and multi-dwelling residential real estate projects.
“Realty Mogul is a marketplace for investors to pool money online and buy shares of pre-vetted investment properties like apartment buildings, office buildings, and retail centers; it’s crowd-funding for real estate.
Realty Mogul is demoing the full transaction life cycle of an investment, from account creation through electronic documentation to funding via ACH. We are also demoing what it looks like to be an active investor and how to monitor investments via a dashboard.”
Product Launched: March 2013
HQ Location: Los Angeles, California
Company Founded: May 2012
Metrics: $500,000 capital raised in seed round; 4 FTEs; pre-revenue
Twitter: @Realty_mogul
Presenting Jillene Helman (CEO)

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Better ATM Services Bridges the Gap Between ATMs and Prepaid Cards

By David Penn Posted on
Categories: Better ATM Services, FinovateSpring 2013

Thumbnail image for BetterATMLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

From Mesa, Arizona, the Better ATM Services team is here to present their ATM-dispensed, prepaid VISA gift card technology.
“Better ATM Services has bridged the gap between ATMs and prepaid cards. Better ATM Services worked with major credit card payment networks to develop thinner, yet durable 3-panel cards that can roll through ATM cash mechanisms, yet function like normal payment cards at point-of-sale terminals. We also worked with major ATM manufacturers to develop very minor modifications that allow existing ATMs to select, load, activate, and dispense these new cards. This new card design is now approved for use by financial institutions throughout the U.S., and international approvals are underway. Financial institutions can now automate their prepaid programs through their existing ATM fleets.”
Product Launched: January 2012
HQ Location: Mesa, Arizona
Company Founded: 2006
Metrics: Privately held; 8 employees
Presenting Todd Nuttall (CEO) 

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TSYS, People-Centered Payments and Spend Controls for Consumers

By David Penn Posted on
Categories: FinovateSpring 2013, TSYS

Thumbnail image for TSYSLogo.jpgThis is part of our live coverage of FinovateSpring 2013.

Next to the stage is TSYS, presenting their consumer spending controls solution.
“TSYS Spend Controls for Consumers provides convenience, control, and peace of mind with the power to turn the consumer’s browser or connected device into a 21st century financial control center. They can remotely control how, when, and where their money gets used, and most importantly by whom. The payee will be sent easy to understand, plain category exclusions and restrictions that will reduce risks for both the card issuer and the consumer by monitoring transactions in real-time and enforcing responsible spending at the point of sale. This allows everyone to avoid costs and aggravation associated with misuse and fraud, results in higher payments automation, helps businesses grow volumes by increased efficiencies and furthers card adoption.”
Product Launched: 2012
HQ Location: Columbus, Georgia
Company Founded: August 1983
Metrics: $1.8 billion in annual revenue; 8,000+ employees worldwide
Website: tsys.com
Twitter: @TSYS_TSS
Presenting Paul Bridgewater (SVP Global Product and Innovation) and Frank Braski (Enterprise Architect)

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Internet Biometric Security Systems Provides Web Portals with Advanced Biometric Security Protection

By David Penn Posted on
Categories: FinovateSpring 2013, Internet Biometric Security System

Thumbnail image for IBSSLogo2.jpgThis post is part of our live coverage of FinovateSpring 2013.

Next to the stage is Internet Biometric Security Systems. The company is presenting its Genesis Enterprise Edition, which provides four-factor authentication in real-time.
“Genesis Enterprise Edition is a full-scale, comprehensive, biometric identification management system. Our system uses an industry superior, 4-factor identification design:
1. Real time, legal verification of end user personal information
2. Coupled with RealTime biometric facial authentication
3. Coupled with RealTime voice authentication
4. Coupled with RealTime event session biometric monitoring of each online financial transaction equipped with a biometric authenticated timeline audit log record.
IbssMail provides a full, 360, biometrically-secured, email platform that provides superior privacy and protection of financially sensitive online email communications.”
Product Launched: April 2013
HQ Location: San Diego, California
Company Founded: May 2005
Metrics: 20 employees; $12 million in contracted sales; 850,000 users
Website: ibssllc.com
Twitter: @IBSSINC
Presenting David Ackerman (President) and David Merritt (VP Sales)

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Corduro Introduces PayMobile: Payment Free from Devices, Cards and Checks

By David Penn Posted on
Categories: Corduro, FinovateSpring 2013

Thumbnail image for CORDURO_logo.jpgThis is post is part of our live coverage of FinovateSpring 2013.

Staring off after the lunch break is Corduro, with an interactive introduction to their Corduro PayMobile on-the-go payment solution. 
“At the show, you will experience payments free from devices, cards, and checks. Use a card if you want, but you’ll miss the innovation. Download Corduro PayMobile, register, add a credit/debit/gift card to the wallet, and be a part of the innovation. Corduro PayMobile is integrated to social networks, and provides both merchant and consumer payment acceptance.
Product Launched: April 2013
HQ Location: Southlake, Texas
Company Founded: 2010
Metrics: 12 person team
Website: corduro.com
Twitter: @corduro
Presenting Robert Ziegler (CEO)

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