Author: David Penn

OneID Introduces One-Click Login, Two-Factor Authentication Security Solution

By David Penn Posted on
Categories: FinovateSpring 2013, OneID

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

The team from OneID is making its way to the stage. The company brings together advanced encryption and a distributed cloud architecture to help consumers transact easier, safer, and more efficiently online and on the go.
“By combining a tap- and click-driven user experiences with public key cryptography, OneID delivers convenience and security to consumers and providers alike.
  • Login: Single-click login, no password needed
  • Two-Factor Authentication: Customizable to meet different security requirements
  • Cross-Sell: Removes friction with single-click form filling
  • Top of Wallet: Increases purchase frequency with e-commerce deployment of OneID.”
Product Launched: May 2013
HQ Location: Redwood City, CA
Company Founded: May 2011
Metrics: $7 million raised; 20 employees 
Website: oneid.com
Twitter: @OneID
Presenting Alex Doll (CEO) and Clay Hausmann (VP Marketing)

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AuthenticID Launches PictureID to Beat Identity Fraud

By David Penn Posted on
Categories: authenticID, FinovateSpring 2013

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

Representatives from AuthenticID are making their way to the stage. The company is launching its latest authentication solution, pictureID.
“AuthenticID’s identity authentication solution, pictureID, annihilates ID fraud. It is the only system that’s invulnerable to fraud schemes. Our unique agreement with DHS allows pictureID to connect with all document issuers in the U.S. and Canada. This enables financial institutions and telecoms to go directly to the source for identity authentication. Unlike identity data analytic providers – we don’t ‘guess.’ We provide absolute ID confirmation since document issuers’ records are unique to every citizen. There’s no way to trick pictureID – it returns a picture of the real consumer on file with the document issuer – with 100% accuracy.”
Product Launched: May 2013
HQ Location: Atlanta, GA
Company Founded: January 2012
Metrics: self-funded/pre-revenue; 3 full-time employees and outsourced development teams
Website: authentic.co
Twitter: @AuthenticID
Presenting Blair Cohen (CEO & Founder) and Brian Rossignol (CISO)

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GoodApril Provides 365 Days of Online Tax Advice, Guidance, and Planning

By David Penn Posted on
Categories: FinovateSpring 2013, GoodApril

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

Next up to the stage is GoodApril, with a personal finance management approach to online tax planning.
“Today, GoodApril is unveiling its next-generation, automated tax monitoring solution for consumers.
GoodApril’s online Tax Checkup analyzes your 2012 tax return to identify tax savings opportunities for the year ahead. We also forecast how much more you will owe in taxes as a result of the 7 major tax rules changes included in the Fiscal Cliff tax bill and the Affordable Care Act.”
Product Launched: March 2013
HQ Location: San Francisco
Company Founded: January 2013
Metrics: 3 employees
Website: goodapril.com
Twitter: @goodapril
Presenting Benny Joseph (Founder) and Mitch Fox (Co-Founder)

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Wallaby Financial Launches its Cloud-Based Wallet, Intelligent Credit Card Combo

By David Penn Posted on
Categories: FinovateSpring 2013, Wallaby Financial

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

Starting off the second session here on the first day of FinovateSpring 2013 is Wallaby, empowering mobile commerce with an e-wallet/card combination.
“We will demonstrate the new Wallaby Wallet Boost. This makes it easy for consumers to build the ideal mix of credit cards for their particular needs. Wallet Boost extends the power of the patent-pending Wallaby Engine. Wallet Boost delivers intelligent, real-time credit card recommendations to help consumers identify the optimal collection of credit cards that will earn them the most rewards, cash back, or help reduce interest. Consumers add current credit card accounts to Wallet Boost, which scans recent past transactions, and produces a customized recommendation on which cards the user should acquire to maximize their financial goals.”
Product Launched: May 2013
HQ Location: Pasadena, CA
Company Founded: August 2011
Metrics: $1.5 million raised; 9 employees; 25,000+ registered users
Website: walla.by
Twitter: @wallabycard
Presenting Matthew Goldman (CEO & Co-Founder) and Todd Zino (CTO & Co-Founder)

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Building a Better Bitcoin? OpenCoin Launches Ripple

By David Penn Posted on
Categories: FinovateSpring 2013, OpenCoin

ripplelogo1.jpgThis post is part of our live coverage of FinovateSpring 2013.

Finishing up the first session of the day is OpenCoin, developers of the world’s first open source payment network, Ripple.
“At its core, Ripple is a distributed global ledger that creates a distributed open source payment network and the world’s first distributed currency exchange. Ripple solves the double spend problem through a process of consensus rather than Bitcoin’s concept of mining. Ripple furthers the Bitcoin mission with faster transactions (confirming in seconds, not minutes) and a multi-currency design that allows for any currency to be traded within its exchange. In fact, Ripple is so versatile, it’s the best place to hold and use Bitcoins.”
Product Launched: February 2013
HQ Location: San Francisco, CA
Company Founded: September 2012
Website: ripple.com
Twitter: @Ripple
Presenting Chris Larsen (CEO) and Jed McCaleb (CTO)

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MicroStrategy Unveils Usher to Take Online Banking Beyond Usernames and Passwords

By David Penn Posted on
Categories: FinovateSpring 2013, MicroStrategy

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

The next presentation is from MicroStrategy, whose product Usher helps FIs provide digital credentials to their customers, replacing a variety of more cumbersome authentication measures.
“Usher is the world’s first mobile identity network and is the foundation for an extraordinary array of identity-based services. Usher enables enterprises to protect personal identity, reduce fraud, and streamline business processes, avoiding billions of dollars in costs while improving customer experience.
With Usher, financial institutions can render digital credentials on mobile devices, enabling them to eliminate usernames and passwords for online banking, validate identity instantly over the phone, replace plastic cards with mobile IDs, and more.”
Product Launched: May 2013
HQ Location: Tysons Corner, VA
Company Founded: 1989
Metrics: 3,200+ employees; 4,000 customers; operating in 26 countries; NASDAQ: MSTR
Twitter: @microstrategy
Presenting Randall Hechinger (Director, Global Sales, Usher) and Stephen Bruggers (VP Financial Services Solutions)

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P2BInvestor Reimagines Business Lending by Combining Crowdfunding with Receivables Financing

By David Penn Posted on
Categories: FinovateSpring 2013, P2BInvestor

Thumbnail image for P2BiLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Coming to the stage next is e-commerce innovator, P2BInvestor, a web-based, crowdfunded, receivables finance company.
“P2BInvestor has created a platform that allows investors to buy into a portfolio of business receivables and earn good returns. We give investors the ability to examine underwriting information about clients and choose which receivable portfolio to buy into. Investors own a percentage of every invoice in a portfolio, and earn their returns in cash every month. Investors can liquidate part or all of their portfolios without fees with 60 days notice.”
Product Launched: May 2013
HQ Location: Louisville, CO
Company Founded: February 2012
Metrics: $250,000 raised; 5 employees; 207 registered users
Website: p2bi.com
Twitter: @p2binvestor
Presenting Krista Morgan (CMO & Co-Founder) and Clay McIlrath (CTO)

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FIS Launches its Cloud-Based Mobile Wallet Platform with Cardless Cash Access

By David Penn Posted on
Categories: FinovateSpring 2013, FIS

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

Mobile banking veterans FIS are now coming to the stage to unveil their new mobile wallet.
“The FIS Mobile Wallet is a cloud-based platform that gives financial institutions control of the branding and user experience within the application. As a fully enabled commerce solution, customers can add debit, credit, stored value and loyalty cards, as well as redeem mobile coupons and targets offers and pay bills. All credentials are stored securely in the cloud, not on the phone.
Cardless Cash Access allows users to make cash withdrawals at an ATM using only their smartphone. Authentication, account selection and amount selection all occur through the mobile app and a QR code is scanned to complete the transaction.”

Product Launched: May 2013

HQ Location: Jacksonville, Florida
Company Founded: January 1968
Metrics: More than 20 million mobile users; serves more than 14,000 institutions in more than 100 countries
Website: fisglobal.com
Twitter: @FISGlobal
Presenting Douglas Brown (SVP & GM, FIS Mobile) and Chris Gardner (Co-Founder, Paydiant)

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Quantopian Launches Live Trading from its Browser-Based Algoritmic Platform

By David Penn Posted on
Categories: FinovateSpring 2013, Quantopian

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

Quantitative traders and investors! Start your algorithms! Quantopian Live Trading has landed.
“Quantopian Live Trading allows quants to trade on their algorithms directly from the Quantopian platform using only their browsers. Native to the cloud, Quantopian Live Trading combines historical data, algorithm simulation, external and live market data, brokerage integration, and algorithm development into a seamless, browser-only workflow.
Algorithms can go from historical backtesting to simulated real-time trading to live trading with the click of a button.”
Product Launched: May 2013
HQ Location: Boston, MA
Company Founded: June 2011
Metrics: $2.1 million in funding; 6 employees
Twitter: @quantopian
Presenting John Fawcett (CEO & Founder) and Jean Bredeche (CTO & Founder)

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TrustEgg Helps Parents (and Family and Friends) Save and Invest for Kids

By David Penn Posted on
Categories: FinovateSpring 2013, Trust Egg

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

Reminding us that preparing for a child’s future is a critical part of parenting, here’s TrustEgg with some ideas on planning for the financial side of that future:
“TrustEgg is the simple way to save for a child’s future. TrustEgg enables parents to create a Trust for their child in minutes for free. Parents can invite family and friends to make contributions. The Trust Fund is invested with Vanguard and earns a market rate of return until the child turns 18.”
Product Launched: February 14, 2013
HQ Location: San Diego, CA
Company Founded: January 1, 2011
Website: trustegg.com
Twittter: @trustegg
Presenting Jeffrey Brice (CEO) and John Zdanowski (CFO & COO)

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Leaf Unveils LeafPresenter to Broaden Small Business Payment Processing Options

By David Penn Posted on
Categories: FinovateSpring 2013, Leaf

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

Next to the stage is Leaf, presenting the second generation of its LeafPresenter tablet:
“Out-of-the-box, the LeafPresenter tablet lets small business owners create a virtual version of their store: catalogs, items, customers, employees, and inventory. The device can be set up in minutes and is designed to be handheld or stationary in its base, so merchants can immediately begin accepting payments, analyzing business performance, and engaging with their customers.
By supporting numerous payment technologies, the LeafPresenter gives merchants the power to work with the credit card processor, gift card provider, or next generation payment option of their choice, including PayPal, LevelUp, and various digital wallets.”
Product Launched: May 2013
HQ Location: Cambridge, MA
Company Founded: January 2011
Metrics: $4 million in funding raised; 20 employees; 100+ businesses using Leaf
Website: leaf.me
Twitter: @LeafYourLife
Presenting Aron Schwarzkopf (CEO)

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EyeVerify’s Eyeprints Provide Mobile Biometric Identity Verification

By David Penn Posted on
Categories: EyeVerify, FinovateSpring 2013

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

Starting off the show here in San Francisco is EyeVerify with a unique approach to eye-oriented identity authentication.
“EyeVerify has commercialized a software-only, biometric method for verifying the identity of mobile users called ‘Eyeprints’. The Eyeprint Verification System is based on the unique vein patterns in the whites of your eyes, and has fingerprint-level accuracy. Eyeprints require only the existing camera in a smartphone, so the system is not dependent on expensive fingerprint or iris scanning hardware.”
Product Launched: April 2013
HQ Location: Kansas City, Kansas
Company Founded: January 2012
Website: EyeVerify.com
Twitter: @EyeVerify
Presenting Toby Rush (CEO) and Chris Barnett (EVP Global Sales & Marketing)

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